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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 12/03/2021
TickerKFVG
Primary ExchangeNYSE
CUSIP500767611
ISINUS5007676118
Net Assets$32,841,771
Total Annual Fund Operating Expense (Gross) 0.78%
Total Annual Fund Operating Expense (Net) 0.64%*
Inception Date11/24/2020
Distribution FrequencyAnnual

Fund Documents

Daily Performance

Data as of 12/03/2021
Premium Discount Chart
NAV
Net Asset Value$26.27 
Daily Change 1.12%
Price
Market Price $0.00 
Daily Change0.00%
30 Day Median Bid/Ask Spread
Value0%

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: 11/30/2021		 Fund NAV Closing Price Index
1 Month4.40% 4.86% 4.37%
3 Month0.31% 0.93% 0.71%
6 Month3.32% 2.47% 3.60%
Since Inception4.44% 4.44% 7.39%
Avg Annualized %
Data as of month end: 11/30/2021		 Fund NAV Closing PriceIndex
1 Year4.90% 5.11% 7.50%
Since Inception4.35% 4.35% 7.24%
Avg Annualized %
Data as of quarter end: 09/30/2021		 Fund NAV Closing Price Index
Since Inception– – -0.72%
Growth of $10,000
Data as of 12/03/2021

*Fee waivers are contractual and in effect until August 1, 2022

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.

Top 10 Holdings

Data as of 12/03/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 XIAOMI CORP-CLASS B 7.92% 1810 KYG9830T1067 1,030,800 2,600,545
2 LUXSHARE PRECI-A 6.83% 002475 CNE100000TP3 370,205 2,242,418
3 WILL SEMICONDU-A 6.83% 603501 CNE100002XM8 47,071 2,241,916
4 SUNNY OPTICAL TECH 5.96% 2382 KYG8586D1097 64,800 1,955,775
5 FOXCONN INDUST-A 5.51% 601138 CNE1000031P3 1,026,274 1,810,362
6 WINGTECH TECH-A 5.20% 600745 CNE000000M72 81,655 1,707,489
7 BOE TECHNOLOGY-A 4.94% 000725 CNE0000016L5 2,126,130 1,623,560
8 GOERTEK INC -A 4.80% 002241 CNE100000BP1 193,522 1,577,003
9 NAURA TECH GR -A 4.59% 002371 CNE100000ML7 24,818 1,506,008
10 SANAN OPTOELEC-A 4.38% 600703 CNE000000KB3 265,909 1,438,473

Holdings are subject to change.

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©2021 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: KWEB, KBA, KURE, KFYP, KGRN, KALL, KBND, KHYB, OBOR, KARS, KEMQ, KMED, KEMX, KESG, KSTR, KFVG, KBUY, KRBN, KTEC, KEUA, KCCA, KGRO, KLCD, KSCD, IVOL, BNDD, KDFI, KVLE, KMLM, KUASX, KUAIX. Read the prospectus carefully before investing. Please note these links also contain the Funds' top ten holdings, performance, and other important information.

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.

The ability of the Fund to achieve its respective investment objectives is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. If the Fund is unable to obtain sufficient exposure to limited availability of A Share quota, the Fund could seek exposure to the component securities of the Underlying Index by investment in other types of securities. The Fund is subject to political, social or economic instability within China which may cause decline in value. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Funds’ gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. 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 may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in an industry or group of industries to the extent that the Underlying Index concentrates in a particular industry or group of industries. The securities of companies in an industry or group of industries could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect one industry or group of industries or sector. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KFVG 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, KFA Funds ETFs, and KraneShares Mutual Funds 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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