Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KGRN is benchmarked to the MSCI China IMI Environment 10/40 Index, which provides exposure to Chinese companies that focus on clean technology and contributing to a more environmentally sustainable economy. 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. Constituent selection is based on data from MSCI Environment, Social, and Governance (ESG).

China’s Environmental Protection Highlights:

  • China is expected to remain the global leader in renewable energy over the next five years, accounting for 43% of renewable capacity growth worldwide1.
  • China has allocated $607 million for its 2022 renewable power subsidy2 and plans to have renewable energy account for 35% of its electricity consumption by 20303
  • China plans to hit peak emissions before 2030 and reach carbon neutrality by 2060.4 In 2021, China launched its national emission trading scheme (ETS)—now the largest carbon market in the world, which should help the country meet its emission reduction goals.
  • 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.

*Formerly the KraneShares MSCI China Environment Index ETF

1. IEA, “Renewables 2021: Report Extract, Executive Summary,” retrieved 3/31/2022.
2. Reuters, “China sets 2022 renewable power subsidy at $607 mln”, November 15, 2021, retrieved on 3/31/2022.
3. Bloomberg, “China Steps Up Its Push Into Clean Energy”, 9/26/2018, retrieved 9/30/2021.
4. Reuters, “China pledges to achieve CO2 emissions peak before 2030, carbon neutrality before 2060 –Xi”, 9/22/2020, retrieved on 3/31/2022.

Premium Discount Chart

Daily Performance

Data as of 02/26/2024
Daily Net Asset Value (NAV) and Market Price
NAV $20.05
NAV Daily Change -0.20%
Market Price $20.24
Market Price Daily Change 0.40%
30 Day Median Bid/Ask Spread
0.95%

Performance History

Cumulative %
Data as of: 01/31/2024
Fund NAV Closing Price Index
1 Month -20.81% -20.74% -20.95%
3 Month -21.41% -21.27% -21.43%
6 Month -40.92% -40.82% -41.04%
YTD -20.81% -20.74% -20.95%
Since Inception -18.34% -18.46% -23.86%
Avg Annualized %
Data as of month end: 01/31/2024
Fund NAV Closing Price Index
1 Year -41.43% -41.96% -40.89%
3 Year -26.80% -26.91% -27.69%
5 Year 0.60% 0.34% -0.96%
Since Inception -3.16% -3.18% -4.23%
Avg Annualized %
Data as of quarter end: 12/31/2023
Fund NAV Closing Price Index
1 Year -14.80% -14.74% -13.42%
3 Year -18.46% -18.68% -19.37%
5 Year 7.44% 7.51% 5.91%
Since Inception 0.49% 0.46% -0.60%

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

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023 0.171104
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.538191
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.189379
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.002610

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2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 1.088154
2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.357711

Growth of $10,000

Data as of 02/26/2024

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. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 02/27/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC-CLASS A 11.66% 2015 KYG5479M1050 309,400 6,939,480
2 NIO INC - ADR 7.91% NIO US62914V1061 814,584 4,708,296
3 BYD CO LTD-H 7.82% 1211 CNE100000296 184,000 4,653,644
4 XPENG INC-A SHRS 5.74% 9868 KYG982AW1003 726,000 3,414,397
5 CONTEMPORARY A-A 4.65% 300750 CNE100003662 126,550 2,769,639
6 CHINA LONGYUAN-H 4.51% 916 CNE100000HD4 3,738,800 2,685,333
7 BEIJING-SHANGH-A 4.49% 601816 CNE100003RV9 3,842,700 2,674,925
8 XINYI SOLAR HOLDINGS LTD 4.08% 968 KYG9829N1025 4,749,588 2,427,982
9 YADEA GROUP HOLDINGS LTD 3.87% 1585 KYG9830F1063 1,610,694 2,301,359
10 KINGDEE INTL SFT 3.66% 268 KYG525681477 2,053,000 2,177,693

Holdings are subject to change.