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 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.

Fund Details

Data as of 05/24/2022
Ticker KFYP
Primary Exchange NYSE
CUSIP 500767207
ISIN US5007672075
Net Assets $7,660,051
Total Annual Fund Operating Expense 0.69%
Inception Date 7/22/2013
Distribution Frequency Annual

Daily Performance

Data as of 05/24/2022
Premium Discount Chart
NAV
Net Asset Value$25.53 
Daily Change -1.47%
Price
Market Price $25.52 
Daily Change -1.96%
30 Day Median Bid/Ask Spread
 
0.35%

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: 04/30/2022
Fund NAV Closing Price Index
1 Month -7.23% -7.72% -7.30%
3 Month -6.68% -8.33% -7.00%
6 Month -5.97% -6.89% -6.41%
Since Inception 108.28% 105.54% 113.05%
Avg Annualized %
Data as of month end: 04/30/2022
Fund NAV Closing Price Index
1 Year -5.92% -6.51% -4.30%
3 Year 2.41% 2.49% 4.19%
5 Year 5.30% 5.33% 5.84%
Since Inception 8.72% 8.56% 9.00%
Avg Annualized %
Data as of quarter end: 03/31/2022
Fund NAV Closing Price Index
1 Year 2.77% 0.74% 4.06%
3 Year 5.86% 6.57% 7.77%
5 Year 7.64% 7.59% 7.44%
Since Inception 9.75% 9.65% 10.04%
Growth of $10,000
Data as of 05/24/2022

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.

Top 10 Holdings

Data as of 05/25/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CHINA YANGTZE-A 5.21% 600900 CNE000001G87 115,400 399,659
2 CHINA MERCHANTS BANK-A 5.09% 600036 CNE000001B33 67,600 391,168
3 INNER MONG YIL-A 4.97% 600887 CNE000000JP5 68,900 381,830
4 INDUSTRIAL BANK CO LTD -A 4.90% 601166 CNE000001QZ7 129,000 375,924
5 IND & COMM BK OF CHINA-A 4.73% 601398 CNE000001P37 522,700 363,452
6 MIDEA GROUP CO LTD-A 4.55% 000333 CNE100001QQ5 43,800 348,999
7 GREE ELECTRIC-A 4.22% 000651 CNE0000001D4 68,300 323,777
8 ZIJIN MINING-A 3.97% 601899 CNE100000B24 206,400 304,897
9 BANK OF COMMUN-A 3.92% 601328 CNE1000000S2 409,800 300,847
10 CHINA VANKE CO LTD -A 3.59% 000002 CNE0000000T2 101,500 275,945

Holdings are subject to change.