KFYP tracks the CSI CICC Select 100 Index, which takes a smart-beta1 approach to systematically invest in companies listed in Mainland China. The strategy is based on China International Capital Corporation (CICC)’s latest research on China’s capital markets. This quantitative approach reflects CICC’s top down and bottom up research process, seeking to deliver the 100 leading companies in Mainland China.
*Formerly the KraneShares Zacks New China ETF
1. Smart beta is an investment style where a manager passively follows an index designed to take advantage of perceived systematic biases or inefficiencies in the market.
2. Alpha is the active return on an investment, gauges the performance of an investment against a market index or benchmark which is considered to represent the market's movement as a whole.
3. Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
4. Alexandra DeLuca, "The Firms Helping Investors Navigate a Trade War in China", Institutional Investor 11/1/2018.
|Net Asset Value||$29.66|
|30 Day Median Bid/Ask Spread|
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.
Cumulative %Data as of: 06/30/2021
|Fund NAV||Closing Price||Index|
Avg Annualized % Data as of quarter end: 06/30/2021
|Fund NAV||Closing Price||Index|
The Hybrid KFYP Index (noted as “Index” above in the chart) consists of the CSI China Overseas Five Year Plan Index from the inception of the Fund through June 1, 2016, and the Zacks New China Index after June 1, 2016 through November 1, 2018, and the China Leader’s 100 Index after November 1, 2018.
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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
|Rank||Company Name||% of Net Assets||Ticker||Identifier||Shares Held||Market Value($)|
|3||CHINA STATE -A||4.93%||601668||CNE100000F46||948,500||657,655|
|5||INNER MONG YIL-A||4.57%||600887||CNE000000JP5||126,400||609,998|
|6||HAIER SMART HOME CO LTD-A||4.43%||600690||CNE000000CG9||157,500||590,720|
|8||WEICHAI POWER CO LTD-A||4.37%||000338||CNE1000000D4||214,700||582,945|
|9||FOCUS MEDIA IN-A||3.87%||002027||CNE000001KK2||464,600||516,701|
|10||GUOTAI JUNAN S-A||3.80%||601211||CNE1000022F3||200,200||507,337|
Holdings are subject to change.
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