Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

The KraneShares Dynamic Emerging Markets Strategy ETF (KEM) is an active ETF that provides investors with exposure to broad Emerging Market (EM) equities while dynamically adjusting the portfolio’s China weight based on fundamental, valuation, and technical signals. KEM has the potential to mitigate downside risk by dynamically adjusting its allocations between the Underlying ETFs and cash and cash equivalents. By combining a strategic allocation with a systematic valuation overlay between China and the rest of Emerging Markets, KEM may potentially outperform its benchmark: the MSCI Emerging Markets Index. KEM primarily invests in the following ETFs:

  • The KraneShares MSCI All China Index ETF (KALL)
  • The KraneShares MSCI Emerging Markets ex China Index ETF (KEMX)

KEM Features:

  • Considers factors such as valuation multiples of the underlying fund holdings and moving averages of the benchmark in making allocation decisions
  • Treats China and Emerging Markets ex China as separate and distinct asset classes
  • Allocations are adjusted at least quarterly and sometimes intra-quarterly if market conditions warrant
  • Has the ability to allocate up to 10% of the portfolio to cash and cash equivalents based on market conditions

EM & China Equity Highlights:

  • Emerging markets countries have accounted for over two-thirds of global GDP growth over the past ten years and accounted for 50% of global GDP in 20221.
  • Emerging markets only constitute 11% of the MSCI All Country World Index (ACWI)1.
  • China has the world’s second largest economy and stock market but is also underrepresented in global indexes2.
  • China’s equity market typically exhibits low correlations to both developed markets and EM ex China2.

1. Data from World Economics and MSCI as of 12/31/2022. Retrieved on 6/30/2023.
2. Data from MSCI as of 12/31/2022.

Premium Discount Chart

Daily Performance

Data as of 06/17/2024
Daily Net Asset Value (NAV) and Market Price
NAV $25.84
NAV Daily Change 0.58%
Market Price $25.85
Market Price Daily Change -0.04%
30 Day Median Bid/Ask Spread
1.1%

Performance History

Cumulative %
Data as of: 05/31/2024
Fund NAV Closing Price Index
1 Month 2.07% 2.19% 0.56%
3 Month 5.29% 5.32% 3.52%
6 Month 5.05% 5.67% 7.45%
YTD 3.84% 3.88% 3.41%
Since Inception 5.60% 5.84% 8.42%
Cumulative %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
Since Inception 2.31% 2.50% 7.33%

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.

Ex-Date Record Date Payable Date Amount

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.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2023 12/28/2023 12/29/2023 0.701685

Growth of $10,000

Data as of 06/17/2024

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. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 06/18/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KraneShares MSCI All China Index ETF 55.80% KALL US5007678015 132,009 2,535,893
2 KraneShares MSCI Emerging Markets ex China Index ETF 43.25% KEMX US5007677694 65,805 1,965,595
3 Cash 0.95% 43,070 43,070

Holdings are subject to change.