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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 28% of total global capacity1
  • China’s goal is to spend $360 billion on renewable energy2 and achieve 50% commercial green building certification by 20203
  • 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 space3

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 2017 Global Status Report (GSR) pg 166
2.) Michael Forsythe, “China Aims to Spend at Least $360 Billion on Renewable Energy by 2020”, The New York Times, 1/5/2017. Retrieved 7/21/2017.
3.) UTC, "Accelerating the World’s Largest Green Building Market: China." Oct. 4, 2016
4.) Barbara Finamore, "Paris Climate Agreement Explained", National Resource Defense Council, Dec. 12, 2015

Fund Details

Data as of 11/16/2018
TickerKGRN
Primary ExchangeNYSE
CUSIP500767850
ISINUS5007678502
Net Assets$5,805,721
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 11/16/2018
Premium Discount Chart
NAV
Net Asset Value$19.35 
Daily Change 0.65%
Price
Closing Price $19.61 
Daily Change1.34%

Performance History

Distributions
Cumulative %
Data as of: 10/31/2018
Fund NAVClosing PriceIndex
1 Month-10.57%-10.12%-11.16%
3 Month-17.94%-19.01%-18.26%
6 Month-29.33%-28.64%-29.44%
Since Inception-29.92%-29.64%-30.29%
Avg Annualized %
Data as of month end: 10/31/2018
Fund NAVClosing PriceIndex
1 Year-30.86% -31.07%-31.04%
Since Inception-28.70% -28.43%-29.04%
Avg Annualized %
Data as of quarter end: 09/30/2018
Fund NAVClosing PriceIndex
Since Inception-22.18%

*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 11/16/2018
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
BEIJING ENTERPRISES WATER
9.12%371 HK948,500529,340
2
BYD CO LTD-H
8.77%1211 HK72,500509,233
3
CHINA EVERBRIGHT INTL LTD
8.55%257 HK544,216496,233
4
CHINA VANKE CO LTD-H
8.02%2202 HK137,300465,534
5
HUANENG RENEWABLES CORP-H
4.62%958 HK910,000268,454
6
XINYI SOLAR HOLDINGS LTD
4.58%968 HK694,000265,887
7
CHINA RAILWAY SIGNAL & CO
4.58%3969 HK369,000265,780
8
CHINA LONGYUAN POWER GROU
4.52%916 HK334,800262,525
9
SHUI ON LAND LTD
4.48%272 HK1,192,000260,309
10
XINJIANG GOLDWIND SCI&TEC
3.52%2208 HK203,000204,286

Holdings are subject to change.