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KGRN

KraneShares MSCI China Environment ETF

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Investment Strategy:

KGRN seeks to track the performance of the MSCI China IMI Environment 10/40 Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on five key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Green Building, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

China’s Environmental Protection Highlights:

  • China is the world leader in total renewable energy capacity, at 31% of total global capacity1
  • China’s goal is to spend $360 billion on renewable energy2 by 2020 and have renewable energy account for 35% of its electricity consumption by 20303
  • Meeting these standards would create as much new renewable energy capacity as the entire US electricity system4, and China would represent half of the world’s green building floor space5
  • China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five Year Plan.

KGRN Features:

  • Access to China’s fast-growing environmental protection industry that has rapidly become the largest renewable energy market in the world1
  • Exposure to companies that stand to benefit from China’s increased focus and spending on clean energy technologies
  • Benchmarked to an MSCI ESG Index: MSCI is the #1 index provider for Socially Responsible Investment (SRI), Corporate governance, and ESG indexes according to a 2015 survey of 1,200 participants conducted by SRI Connect and Extel.

1.) REN21’s Renewables 2018 Global Status Report (GSR)
2.) Michael Forsythe, “China Aims to Spend at Least $360 Billion on Renewable Energy by 2020”, The New York Times, 1/5/2017. Retrieved 3/31/2019.
3.) Bloomberg, “China Steps Up Its Push Into Clean Energy”, 9/26/2018, retrieved 3/31/2019.
4.) US Energy Information Administration, “What is U.S. electricity generation by energy source?”, 10/29/2018.
5.) UTC, Accelerating the World’s Largest Green Building Market: China. Oct. 4, 2016.

Fund Details

Data as of 05/24/2019
TickerKGRN
Primary ExchangeNYSE
CUSIP500767850
ISINUS5007678502
Net Assets$3,617,203
Total Annual Fund Operating Expense (Gross) 0.80%
Total Annual Fund Operating Expense (Net) 0.79%*
Inception Date10/12/2017
Distribution FrequencySemiannually

Daily Performance

Data as of 05/24/2019
Premium Discount Chart
NAV
Net Asset Value$18.09 
Daily Change 0.70%
Price
Closing Price $17.88 
Daily Change-0.06%

Performance History

Distributions
Cumulative %
Data as of: 04/30/2019
Fund NAVClosing PriceIndex
1 Month-1.97%-1.28%-1.72%
3 Month2.37%1.73%2.97%
6 Month15.77%15.93%18.05%
Since Inception-18.87%-18.43%-17.71%
Avg Annualized %
Data as of month end: 04/30/2019
Fund NAVClosing PriceIndex
1 Year-18.18% -17.27%-16.71%
Since Inception-12.61% -12.31%-11.83%
Avg Annualized %
Data as of quarter end: 03/31/2019
Fund NAVClosing PriceIndex
1 Year-13.28%-14.78%-12.50%
Since Inception-12.09% -12.19%-11.41%

*Fee waivers are contractual and in effect until 7/31/18

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 05/24/2019
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
CONCH VENTURE
8.92%586 HK100,500322,649
2
CHINA EVERBRIGHT INTL LTD
7.97%257 HK310,216288,108
3
CHINA VANKE CO LTD-H
7.74%2202 HK78,200279,948
4
BYD CO LTD-H
7.61%1211 HK47,500275,340
5
XINYI SOLAR HOLDINGS LTD
4.94%968 HK344,000178,806
6
BJ ENT WATER
4.53%371 HK306,500164,000
7
SHIMAO PROPERTY
4.38%813 HK59,500158,426
8
YUEXIU REIT
4.33%405 HK232,000156,649
9
HUANENG RENEWABLES CORP-H
4.3%958 HK616,000155,385
10
CHINA LONGYUAN-H
4.2%916 HK248,800151,827

Holdings are subject to change.