KCCB

KraneShares CCBS China Corporate High Yield Bond USD Index ETF

Download KCCB Presentation

Download Fact Sheet

Investment Strategy:

KCCB seeks to provide investment results that, before fees and expenses, track the price and yield performance of the Solactive USD China Corporate High Yield Bond Index. The Index seeks to track the performance of outstanding high yield debt securities denominated in U.S. dollars issued by Chinese companies.

USD China Corporate High Yield Bond Market Features:

  • As dollar investors seek yield globally, the U.S. Dollar China Corporate High Yield Bond Market has grown considerably to meet investor demand.
  • Since 2014, China has accounted for more than half of all new annual USD Bond issuance in Asia.1
  • The total value of Chinese USD denominated high yield bonds increased over 300% from 2017 to 2018, and the number of issuing companies increased by almost 150% over the same period.2
  • By the end of 2018, the total USD China Corporate High Yield Bond market size reached $232 billion USD with over 250 issuing companies.2

KCCB Features

    • USD-denominated exposure to China’s high yield bond market.
    • Low correlation to U.S. and global markets.
    • Co-managed by China Construction Bank (CCB), the second largest bank in the world by assets.3

1.) Data from Bloomberg as of 12/31/17. Retrieved on 3/31/2019.
2.) Data from Bloomberg as of 3/31/2019.
3.) Global Finance, “Biggest Banks In The World 2018”, 11/1/2018, retrieved 3/31/2019.

Fund Details

Data as of 04/13/2021
TickerKCCB
Primary ExchangeNYSE
CUSIP500767843
ISINUS5007678437
Net Assets$9,768,094
Total Annual Fund Operating Expense0.70%
Inception Date6/28/2018
Distribution FrequencyMonthly

Daily Performance

Data as of 04/13/2021
Premium Discount Chart
NAV
Net Asset Value$39.07 
Daily Change-0.10%
Price
Market Price$39.20 
Daily Change-0.14%
30 Day Median Bid/Ask Spread
Value0.51%

The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Distributions
Cumulative %
Data as of: 03/31/2021
Fund NAVClosing PriceIndex
1 Month0.30%-0.52%0.21%
3 Month0.21%-0.33%-0.03%
6 Month2.53%2.64%2.08%
Since Inception14.32%14.09%18.69%
Avg Annualized %
Data as of quarter end: 03/31/2021
Fund NAVClosing PriceIndex
1 Year12.32%10.36%12.75%
Since Inception4.97% 4.89%6.40%
Growth of $10,000
Data as of 04/13/2021

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only.

KCCB Key Metrics

Data as of 03/31/2021
Current Yield4.74%
30-day SEC Yield3.34%
Unsubsidized 30-day SEC Yield 3.34%

Top 10 Holdings

Data as of 04/13/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1Cash9.35%912,397912,397
2KAISAG 9 3/8 06/30/245.85%XS1627598094600,000570,336
3NANYAN 5 PERP5.72%XS1618163452550,000558,209
4SHIMAO 6 1/8 02/21/243.22%XS1953029284300,000314,303
5BOCOM 3.8 PERP3.14%XS2238561281300,000306,750
6MPEL 4 7/8 06/06/253.13%US58547DAA72300,000304,962
7FWDGRP 0 PERP2.79%XS1628340538300,000272,397
8CIMWLB 6 1/2 PERP2.75%XS1892343762250,000268,599
9BNKEA 5 7/8 PERP2.72%XS2049804896250,000265,400
10NWDEVL 5 3/4 PERP2.58%XS1497605805250,000251,614

Holdings are subject to change.