Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

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 2020, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Team (Analyst Leaders) for the nineth 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. en.cicc.com, “CICC Secures Big in All-China Research Team Awards 2020”, 12/16/2020, retrieved on 9/30/2021.

Premium Discount Chart

Daily Performance

Data as of 09/28/2023
Daily Net Asset Value (NAV) and Market Price
NAV $22.67
NAV Daily Change -0.09%
Market Price $22.63
Market Price Daily Change -0.22%
30 Day Median Bid/Ask Spread
0.57%

Performance History

Cumulative %
Data as of: 08/31/2023
Fund NAV Closing Price Index
1 Month -6.90% -7.06% -7.03%
3 Month -0.04% -0.18% 0.00%
6 Month -3.41% -3.58% -2.78%
YTD 0.13% 0.67% 1.69%
Since Inception 85.34% 85.41% 92.24%
Avg Annualized %
Data as of month end: 08/31/2023
Fund NAV Closing Price Index
1 Year -3.73% -2.89% -2.55%
3 Year -4.16% -4.08% -2.77%
5 Year 1.57% 1.78% 3.03%
10 Year 5.52% 5.55% 5.89%
Since Inception 6.29% 6.29% 6.67%
Avg Annualized %
Data as of quarter end: 06/30/2023
Fund NAV Closing Price Index
1 Year -12.12% -12.50% -10.93%
3 Year 0.99% 1.55% 2.66%
5 Year -0.43% -0.47% 1.01%
Since Inception 6.34% 6.37% 6.75%

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.

Ex-Date Record Date Payable Date Amount

Distribution History

2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 1.068566
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 3.551161
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.833689
2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.049797

View More

2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.680250
12/27/2018 12/27/2018 12/28/2018 3.771470
2017 Distributions
Ex-Date Record Date Payable Date Amount
12/20/2017 12/19/2017 12/22/2017 0.296840
2016 Distributions
Ex-Date Record Date Payable Date Amount
12/22/2016 12/20/2016 12/23/2016 0.706600
2015 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2015 06/25/2015 06/30/2015 2.728000
12/30/2015 12/28/2015 12/31/2015 0.519000
2014 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2014 06/25/2014 06/30/2014 0.350880
12/30/2014 12/26/2014 12/31/2014 0.269280
2013 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2013 12/26/2013 12/31/2013 0.000000

Growth of $10,000

Data as of 09/28/2023

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 09/29/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CHINA YANGTZE-A 5.47% 600900 CNE000001G87 81,400 248,476
2 MIDEA GROUP CO LTD-A 5.37% 000333 CNE100001QQ5 32,000 243,676
3 GREE ELECTRIC-A 5.22% 000651 CNE0000001D4 47,600 237,159
4 CHINA MERCHANTS BANK-A 5.01% 600036 CNE000001B33 50,300 227,621
5 BANK OF COMMUN-A 5.00% 601328 CNE1000000S2 287,300 227,135
6 PING AN INSURA-A 4.79% 601318 CNE000001R84 32,800 217,444
7 CHINA STATE -A 3.74% 601668 CNE100000F46 223,500 169,640
8 AGRICULTURAL-A 3.67% 601288 CNE100000RJ0 337,700 166,863
9 POLY DEVELOPME-A 2.91% 600048 CNE000001ND1 75,700 132,370
10 CHINA VANKE CO LTD -A 2.85% 000002 CNE0000000T2 72,000 129,261

Holdings are subject to change.