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 budgeted $360 billion for renewable energy investments from 2017 to 20202 and plans to 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 03/01/2021
TickerKGRN
Primary ExchangeNYSE
CUSIP500767850
ISINUS5007678502
Net Assets$198,362,080
Total Annual Fund Operating Expense0.79%
Inception Date10/12/2017
Distribution FrequencyAnnual

Daily Performance

Data as of 03/01/2021
Premium Discount Chart
NAV
Net Asset Value$46.67 
Daily Change4.17%
Price
Market Price$44.97 
Daily Change0.00%
30 Day Median Bid/Ask Spread
Value0.24%

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: 02/28/2021
Fund NAVClosing PriceIndex
1 Month-6.82%-6.74%-6.42%
3 Month12.97%12.77%13.18%
6 Month58.76%59.59%58.76%
Since Inception93.97%94.78%88.43%
Avg Annualized %
Data as of month end: 02/28/2021
Fund NAVClosing PriceIndex
1 Year134.94% 132.66%124.18%
3 Year24.90%25.04%23.52%
Since Inception21.62% 21.77%20.59%
Avg Annualized %
Data as of quarter end: 12/31/2020
Fund NAVClosing PriceIndex
1 Year136.07%138.59%123.85%
3 Year22.97%23.20%21.54%
Since Inception22.12% 22.33%20.78%
Growth of $10,000
Data as of 02/26/2021

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 03/01/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1NIO INC - ADR8.67%NIOUS62914V1061345,44617,189,393
2CONTEMPORARY A-A8.54%300750CNE100003662317,75016,932,515
3XINYI SOLAR HOLDINGS LTD8.39%968KYG9829N10257,561,58816,630,444
4BYD CO LTD-H6.89%1211CNE100000296497,50013,661,063
5CONCH VENTURE4.97%586KYG2116J10852,211,5009,850,240
6CHINA EVERGRANDE GROUP4.86%3333KYG2119W10694,746,0009,642,636
7SHIMAO GROUP HOLDINGS LTD4.77%813KYG8104310423,019,0009,457,605
8LONGI GREEN EN-A4.61%601012CNE100001FR6540,7249,148,572
9GCL-POLY ENERGY4.41%3800KYG3774X108822,161,0008,742,237
10XPENG INC - ADR4.10%XPEVUS98422D1054229,0238,130,317

Holdings are subject to change.