KFYP

KraneShares CICC China Leaders 100 Index ETF*

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Investment Strategy:

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.

KFYP Features:

  • Smart beta strategy which seeks to deliver cost effective alpha2.
  • Exposure to the top 100 industry leaders within China’s Mainland A-share market identified through the CICC Research team’s quantitative methodology.
  • Seeks to provide exposure to performance leaders through a Return on Equity (ROE)3 filter which is further refined through bottom-line growth and valuation criteria.

About CICC & 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 2018, The CICC Research Team ranked #1 in Institutional Investor’s All-China Research Category for the seventh year in a row.4
  • CICC has over 200 branches across Mainland China, with offices in Hong Kong, Singapore, New York, San Francisco, and London.

*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.

Fund Details

Data as of 10/20/2020
TickerKFYP
Primary ExchangeNYSE
CUSIP500767207
ISINUS5007672075
Net Assets$12,393,219
Total Annual Fund Operating Expense0.69%
Inception Date7/22/2013
Distribution FrequencyAnnual

Daily Performance

Data as of 10/20/2020
Premium Discount Chart
NAV
Net Asset Value$30.98 
Daily Change0.33%
Price
Closing Price$30.84 
Daily Change0.62%

Performance History

Distributions
Cumulative %
Data as of: 09/30/2020
Fund NAVClosing PriceIndex
1 Month-5.05%-4.97%-5.52%
3 Month11.73%13.14%11.70%
6 Month17.94%19.76%18.84%
Since Inception99.89%99.66%97.61%
Avg Annualized %
Data as of quarter end: 09/30/2020
Fund NAVClosing PriceIndex
1 Year13.22%10.25%14.49%
3 Year2.86%2.56%3.78%
5 Year12.43%12.74%12.07%
Since Inception10.11% 10.09%9.93%

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.

Top 10 Holdings

Data as of 10/20/2020
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
CHINA VANKE CO LTD -A
5.41%000002 C2162,800670,968
2
CHINA MERCHANTS BANK-A
5.13%600036 C1106,100636,034
3
IND & COMM BK OF CHINA-A
5.1%601398 C1845,600631,575
4
CHINA YANGTZE-A
4.94%600900 C1216,535611,842
5
INDUSTRIAL BANK CO LTD -A
4.26%601166 C1197,700527,785
6
BANK OF COMMUN-A
3.82%601328 C1690,400473,203
7
HUATAI SECURIT-A
3.7%601688 C1144,498459,006
8
POLY DEVELOPME-A
3.54%600048 C1181,300439,138
9
LUZHOU LAOJIAO CO LTD-A
3.52%000568 C218,500435,864
10
SHANG PUDONG-A
3.45%600000 C1297,500427,448

Holdings are subject to change.