KFVG

KraneShares CICC China 5G & Semiconductor ETF

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Investment Strategy:

KFVG seeks to measure the performance of the CICC China 5G and Semiconductor Leaders Index. The Index is designed to track the performance of companies engaged in the 5G and semiconductor related businesses, including 5G equipment, semiconductors, electronic components and big data centers.

China 5G & Semiconductor Highlights:

  • Integration of 5G with other next generation technologies will further enhance efficiency, quality, and safety of products/ experiences across a range industries.
  • China is a world leader in 5G spending and adoption. By 2025, China is projected to have over 400 million 5G users, accounting for 40% of total global use1.
  • China is becoming more self-sufficient in semiconductor development largely due to government policies and funding specifically for the industry. As stated in “Made in China 2025” initiative, China aims to produce 70% of the semiconductors used domestically by 2025 and have complete import substitution by 20302.

KFVG Features:

  • Access to China’s 5G and semiconductor companies that offer a potential source of uncorrelated, long-term growth.
  • Exposure to Chinese technology companies listed in Mainland China, Hong Kong, and the United States.
  • Tracks an index developed by China International Capital Corporation (CICC) Research. CICC is a leading, publicly traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity and wealth management. In 2019, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Category for the eighth year in a row.

1. UBS, “The China 5G Opportunity”, retrieved 9/30/2020.
2. US Chamber of Commerce, “Made in China 2025: Global Ambitions Built on Local Protections”, 2017.

Fund Details

Data as of 01/21/2021
TickerKFVG
Primary ExchangeNYSE
CUSIP500767611
ISINUS5007676118
Net Assets$139,198,789
Total Annual Fund Operating Expense (Gross)0.79%
Total Annual Fund Operating Expense (Net)0.65%*
Inception Date11/24/2020
Distribution FrequencyAnnual

Daily Performance

Data as of 01/21/2021
Premium Discount Chart
NAV
Net Asset Value$29.62 
Daily Change0.16%
Price
Market Price$29.70 
Daily Change0.00%
30 Day Median Bid/Ask Spread0.29%

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: 12/31/2020
Fund NAVClosing PriceIndex
1 Month5.99%6.20%5.62%
3 Month
6 Month
Since Inception5.52%5.52%5.52%
Cumulative %
Data as of quarter end: 12/31/2020
Fund NAVClosing PriceIndex
Since Inception5.52% 5.52%5.52%

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

Top 10 Holdings

Data as of 01/21/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1LUXSHARE PRECI-A9.11%002475CNE100000TP31,445,99512,947,607
2XIAOMI CORP-CLASS B8.16%1810KYG9830T10672,905,80011,602,058
3FOXCONN INDUST-A7.83%601138CNE1000031P34,739,05411,132,523
4WILL SEMICONDU-A6.80%603501CNE100002XM8195,6719,671,134
5BOE TECHNOLOGY-A5.80%000725CNE0000016L57,637,4308,244,168
6SUNNY OPTICAL TECH4.79%2382KYG8586D1097241,5006,810,452
7WINGTECH TECH-A4.46%600745CNE000000M72321,0556,340,368
8ZTE CORP-H4.42%763CNE1000004Y22,092,2006,288,800
9SANAN OPTOELEC-A3.94%600703CNE000000KB31,074,8095,598,189
10GOERTEK INC -A3.44%002241CNE100000BP1746,9224,888,381

Holdings are subject to change.