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Overview

Performance

Distributions

Holdings

Fund Documents

Overview

Investment Strategy:

KCSH tracks the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, which is designed to measure the performance of US dollar-denominated, investment-grade corporate debt with a maturity of up to one year. KCSH offers sustainably conscious investors exposure to high-quality, short-term corporate bonds. The index is comprised of a portfolio that is based on Institutional Shareholder Services (ISS) climate analysis and alignment with the Paris agreement’s 1.5°C scenario by 2050, while providing a distribution of credit and interest rate risk that is similar to commonly used ultra short duration, investment grade bond benchmarks.

KCSH Overview:

  • KCSH offers access to investment grade, short term corporate debt securities with a maturity of up to one year.
  • Excludes issuers with revenues derived from fossil fuels or that violate other conscious investing screens as determined by the index provider.
  • Yields near those in a short-duration broad investment grade bond exposure.

Ultra Short Duration Features:

  • Offers a risk premium over money market funds, with potentially higher yield.
  • Less sensitive to interest rate risk than longer-duration fixed-income investments.​
  • Generally has low correlation to traditional fixed income investments.​

KCSH Yield Metrics

Data as of 09/16/2024
30-day SEC Yield 5.15%
Unsubsidized 30-day SEC Yield 5.05%

30-day SEC Yield (Subsidized/Unsubsidized) is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

Fund Details

Data as of 09/16/2024
Ticker KCSH
Primary Exchange NYSE
CUSIP 500767355
ISIN US5007673552
Net Assets $201,227,756
Total Annual Fund Operating Expense (Gross) 0.30%
Total Annual Fund Operating Expense (Net) 0.20%*
Inception Date 07/26/2024
Distribution Frequency Monthly
Underlying Index Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index

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Daily Performance

Data as of 09/16/2024
Daily Net Asset Value (NAV) and Market Price
NAV $25.15
NAV Daily Change 0.04%
Market Price $25.17
Market Price Daily Change 0.00%
30 Day Median Bid/Ask Spread
0.2%
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

Cumulative %
Data as of: 08/31/2024
Fund NAV Closing Price Underlying Index
1 Month 0.53% 0.33% 0.52%
3 Month – – –
6 Month – – –
YTD – – –
Since Inception 0.65% 0.61% 0.65%
Cumulative %
Data as of quarter end: 06/30/2024
Fund NAV Closing Price Underlying Index
Since Inception – – –

*Fee waivers are contractual and in effect until August 1, 2025

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.

Distribution History

2024 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
08/29/2024 08/29/2024 08/30/2024 0.081875
09/26/2024 09/27/2024 09/30/2024
10/29/2024 10/30/2024 10/31/2024
11/26/2024 11/27/2024 11/29/2024

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Topics:

Top 10 Holdings

Data as of 09/16/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 Cash 10.19% – – 20,501,080 20,501,080
2 AUTOZONE INC 3 5/8 04/15/25 1.12% – US053332AY81 2,266,900 2,251,497
3 BANK OF NOVA SCOTIA/THE 5.45 06/12/25 1.00% – US06418GAC15 2,000,000 2,011,622
4 VERISIGN INC 5 1/4 04/01/25 0.99% – US92343EAH53 2,000,000 1,998,882
5 VF CORP 2.4 04/23/25 0.98% – US918204BA53 2,000,000 1,965,342
6 US BANCORP 1.45 05/12/25 0.97% – US91159HHZ64 2,000,000 1,959,643
7 ALLY FINANCIAL INC 5.8 05/01/25 0.92% – US02005NBJ81 1,841,800 1,847,658
8 CHARLES SCHWAB CORP/THE 4.2 03/24/25 0.80% – US808513BB02 1,608,600 1,603,990
9 STRYKER CORP 1.15 06/15/25 0.78% – US863667BA85 1,608,000 1,565,851
10 GOLDMAN SACHS GROUP INC/THE Float 10/21/24 0.76% – US38141GYL21 1,538,000 1,538,062

Holdings are subject to change.

Fund Documents

©2024 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

Fixed income securities carry credit and interest rate risks. Credit risk is the chance that an issuer may fail to make interest payments or repay principal, which can negatively impact fund performance. Securities with longer maturities and lower credit quality are more vulnerable to credit risk. Interest rate risk involves value changes in debt due to interest rate fluctuations; rising rates typically lower debt prices, while falling rates usually increase them. Longer-duration debt is more affected by these changes, making it more volatile. Recent interest rate hikes may continue, increasing associated risks. KCSH may have trouble identifying issuers with high ESG ratings, it can be challenging, and investments may be volatile. Even top-rated companies might not excel compared to others in ESG practices. The ESG investment strategy limits available opportunities, potentially leading to underperformance relative to non-ESG strategies. This could result in the Fund investing in underperforming sectors or securities. ESG investing is qualitative and subjective, and the criteria used may not align with every investor’s beliefs or values.

Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate which may cause the Fund to suffer losses. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. KCSH is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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