KFYP

KraneShares CICC China Leaders 100 Index ETF*

Download KFYP Presentation

Download Fact Sheet

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 11/30/2021
TickerKFYP
Primary ExchangeNYSE
CUSIP500767207
ISINUS5007672075
Net Assets$11,020,965
Total Annual Fund Operating Expense 0.69%
Inception Date7/22/2013
Distribution FrequencyAnnual

Daily Performance

Data as of 11/30/2021
Premium Discount Chart
NAV
Net Asset Value$31.49 
Daily Change 0.27%
Price
Market Price $31.47 
Daily Change0.83%
30 Day Median Bid/Ask Spread
Value0.41%

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 Month-1.13% -0.73% -1.40%
3 Month-3.23% -2.57% -3.01%
6 Month-3.20% -3.50% -1.53%
Since Inception119.01% 119.14% 124.45%
Avg Annualized %
Data as of month end: 11/30/2021
Fund NAV Closing PriceIndex
1 Year0.05% -0.14% 2.91%
3 Year12.66% 13.11% 14.84%
5 Year9.56% 10.32% 9.47%
Since Inception9.83% 9.84% 10.15%
Avg Annualized %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
1 Year8.87% 8.82% 13.41%
3 Year7.34% 8.24% 9.67%
5 Year9.32% 9.91% 9.38%
Since Inception9.96% 9.94% 10.35%
Growth of $10,000
Data as of 11/30/2021

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 11/30/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 IND & COMM BK OF CHINA-A 5.19% 601398 CNE000001P37 795,700 571,490
2 INDUSTRIAL BANK CO LTD -A 5.17% 601166 CNE000001QZ7 201,800 569,939
3 CHINA MERCHANTS BANK-A 5.03% 600036 CNE000001B33 71,400 554,127
4 ZIJIN MINING-A 4.97% 601899 CNE100000B24 344,400 548,180
5 CITIC SECURITIES CO-A 4.92% 600030 CNE000001DB6 145,400 541,985
6 WANHUA CHEMIC-A 4.89% 600309 CNE0000016J9 35,900 539,047
7 BANK OF COMMUN-A 4.43% 601328 CNE1000000S2 681,400 488,329
8 HAITONG SECURI-A 4.02% 600837 CNE000000CK1 238,897 443,189
9 CHINA STATE -A 3.42% 601668 CNE100000F46 518,100 376,986
10 POLY DEVELOPME-A 3.33% 600048 CNE000001ND1 169,100 367,271

Holdings are subject to change.