Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Uncorrelated Assets. Our team is determined to provide industry-leading, differentiated, and high-conviction investment strategies that offer access to key market trends. Our mission is to empower investors with the knowledge and tools necessary to capture the importance of these themes as an essential element of a well-designed investment portfolio.
September 27, 2024 – KraneShares CIO on China’s Stimulus Boost: This Is the Monetary Policy Bazooka
September 23, 2024 – KraneShares Brings Alpha Optimisation to China A-Shares Market ETF
September 19, 2024 – KraneShares to Host “The Future of Carbon Pricing” Roundtable at the Sustainable Investment Forum North America 2024
September 18, 2024 – AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention
Our semi-monthly topical research reports. Subscribe to our weekly mailing list for more.
September 16, 2024 – How To Invest In Carbon Credits: A Comprehensive Guide for 2024-25
September 5, 2024 – How To Invest In Luxury Stocks: A Comprehensive Guide for 2024-25
August 27, 2024 – Expanding the KraneShares Volatility Suite with KPRO & KBUF
August 12, 2024 – How to Invest in AI for The Next Decade
Information about KraneShares ETFs, China's markets and culture, and general investing resources.
Our market update is a collaboration between the KraneShares internal research department, our local Chinese partners, and select China thought leaders from around the world. Our goal is to deliver a differentiated perspective on Chinese capital markets, business, government, and culture.
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New York, NY 10017
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San Francisco, CA 94111
181 Queen Victoria Street
London EC4V 4EG
KHYB is an active ETF managed by sub-advisor Nikko Asset Management Americas, Inc. (“Nikko”). KHYB is benchmarked to the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Corporate Index. The fund provides exposure to USD-denominated high yield debt securities issued by companies in Asia.
* Formerly the KraneShares Asia Pacific High Income Bond ETF prior to August 1, 2024.
1.) Data from JP Morgan as of 6/30/2024.
2.) Data from JP Morgan and St. Louis Federal Reserve as of 6/30/2024. Asia high yield bond market is represented by the JP Morgan Asia Credit Index Non-Investment Grade. US high yield bond market is represented by the ICE BofA US High Yield Index.
3.) Data from JP Morgan as of 6/30/2024.
4.) Data from Nikko Asset Management as of 6/30/2024.
30-day SEC Yield | 7.54% |
12-Month Yield | 15.23% |
This material must be preceded or accompanied by a current prospectus. Investors should read it carefully before investing or sending money.
30-day SEC Yield (Subsidized/Unsubsidized) is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.
12-Month Yield is the distribution yield an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The 12-Month Yield is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period.
Ticker | KHYB |
Primary Exchange | NYSE |
CUSIP | 500767843 |
ISIN | US5007678437 |
Net Assets | $18,824,939 |
Total Annual Fund Operating Expense | 0.69% |
Inception Date | 6/26/2018 |
Distribution Frequency | Monthly |
BBSMI
Broad-Based Securities Market Index – a broad-based index that represents the overall applicable domestic, international equity, or debt market, as appropriate.
|
J.P. Morgan Asia Credit Index |
Underlying Index | N/A Active |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $25.10 |
NAV Daily Change | 0.00% |
Market Price | $25.13 |
Market Price Daily Change | -0.04% |
30 Day Median Bid/Ask Spread |
0.08% |
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. |
NAV | Market Price | Premium/Discount |
$25.10 | $25.13 | $0.03 |
2023 Full Year | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
Days traded at premium | 112 | 72 | 56 | 54 | 3 |
Days traded at NAV | 0 | 0 | 0 | 0 | 0 |
Days traded at discount | 138 | 111 | 70 | 10 | 0 |
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
Fund NAV | Closing Price | BBSMI | |
1 Month | 1.29% | 1.08% | 1.27% |
3 Month | 3.97% | 4.01% | 4.32% |
6 Month | 6.56% | 6.69% | 5.65% |
YTD | 11.24% | 11.42% | 7.23% |
Since Inception | 3.99% | 4.03% | 23.73% |
Fund NAV | Closing Price | BBSMI | |
1 Year | 17.76% | 18.00% | 13.83% |
3 Year | -1.85% | -1.90% | 0.84% |
5 Year | -0.70% | -0.74% | 1.87% |
Since Inception | 0.63% | 0.63% | 3.45% |
Broad-Based Securities Market Index (BBSMI) is a broad-based index that represents the overall applicable domestic, international equity, or debt market, as appropriate.
J.P. Morgan Asia Credit Index (Diversified): The J.P. Morgan Asia Credit Index (JACI) is an all inclusive benchmark that tracks liquid, US-dollar denominated debt instruments issued out of the Asia ex-Japan region. The index includes debt issued by Corporate, Sovereign, and Quasi-Sovereign entities from the region spanning both Investment Grade and High Yield debt segments. The JACI Diversified shares the inclusion criteria and composition of the JACI (which is the traditional market cap weighted index), however the Diversified version constraints the weights of the large countries in the index by capping the amount of eligible debt outstanding. The JACI index was launched in July 2006 followed by the JACI Diversified in May 2016.
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.
2024 Distributions and Calendar |
Ex-Date | Record Date | Payable Date | Amount |
01/29/2024 | 01/30/2024 | 01/31/2024 | 0.159081 |
02/27/2024 | 02/28/2024 | 02/29/2024 | 0.161360 |
03/26/2024 | 03/27/2024 | 03/28/2024 | 0.160709 |
04/26/2024 | 04/29/2024 | 04/30/2024 | 0.159577 |
05/30/2024 | 05/30/2024 | 05/31/2024 | 0.207273 |
06/27/2024 | 06/27/2024 | 06/28/2024 | 0.200000 |
07/30/2024 | 07/30/2024 | 07/31/2024 | 0.201428 |
08/29/2024 | 08/29/2024 | 08/30/2024 | 0.201429 |
10/29/2024 | 10/30/2024 | 10/31/2024 | |
11/26/2024 | 11/27/2024 | 11/29/2024 |
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.
2023 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
01/27/2023 | 01/30/2023 | 01/31/2023 | 0.181899 |
02/24/2023 | 02/27/2023 | 02/28/2023 | 0.176641 |
03/29/2023 | 03/30/2023 | 03/31/2023 | 0.172919 |
04/26/2023 | 04/27/2023 | 04/28/2023 | 0.174422 |
05/26/2023 | 05/30/2023 | 05/31/2023 | 0.167946 |
06/28/2023 | 06/29/2023 | 06/30/2023 | 0.171138 |
07/27/2023 | 07/28/2023 | 07/31/2023 | 0.166064 |
08/29/2023 | 08/30/2023 | 08/31/2023 | 0.172842 |
09/27/2023 | 09/28/2023 | 09/29/2023 | 0.176548 |
10/27/2023 | 10/30/2023 | 10/31/2023 | 0.160806 |
11/28/2023 | 11/29/2023 | 11/30/2023 | 0.165937 |
12/18/2023 | 12/19/2023 | 12/20/2023 | 1.854764 |
2022 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
01/27/2022 | 01/28/2022 | 01/31/2022 | 0.198110 |
02/24/2022 | 02/25/2022 | 02/28/2022 | 0.202879 |
03/29/2022 | 03/30/2022 | 03/31/2022 | 0.200433 |
04/27/2022 | 04/28/2022 | 04/29/2022 | 0.190081 |
05/26/2022 | 05/27/2022 | 05/31/2022 | 0.186916 |
06/28/2022 | 06/29/2022 | 06/30/2022 | 0.179447 |
07/27/2022 | 07/28/2022 | 07/29/2022 | 0.171634 |
08/29/2022 | 08/26/2022 | 08/31/2022 | 0.207989 |
09/28/2022 | 09/29/2022 | 09/30/2022 | 0.172385 |
10/27/2022 | 10/28/2022 | 10/31/2022 | 0.157662 |
11/28/2022 | 11/29/2022 | 11/30/2022 | 0.165913 |
12/28/2022 | 12/29/2022 | 12/30/2022 | 0.571545 |
2021 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
01/27/2021 | 01/28/2021 | 01/29/2021 | 0.157554 |
02/24/2021 | 02/25/2021 | 02/26/2021 | 0.157527 |
03/29/2021 | 03/20/2021 | 03/31/2021 | 0.157356 |
04/28/2021 | 04/29/2021 | 04/30/2021 | 0.156503 |
05/26/2021 | 05/27/2021 | 05/28/2021 | 0.156990 |
06/28/2021 | 06/29/2021 | 06/30/2021 | 0.156028 |
07/28/2021 | 07/29/2021 | 07/30/2021 | 0.154232 |
08/27/2021 | 08/30/2021 | 08/31/2021 | 0.153619 |
09/28/2021 | 09/29/2021 | 09/30/2021 | 0.149103 |
10/27/2021 | 10/28/2021 | 10/29/2021 | 0.219858 |
11/26/2021 | 11/29/2021 | 11/30/2021 | 0.214725 |
12/29/2021 | 12/30/2021 | 12/31/2021 | 0.212902 |
2020 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
01/29/2020 | 01/30/2020 | 01/31/2020 | 0.164463 |
02/26/2020 | 02/27/2020 | 02/28/2020 | 0.163252 |
03/27/2020 | 03/30/2020 | 03/31/2020 | 0.147186 |
04/28/2020 | 04/29/2020 | 04/30/2020 | 0.152949 |
05/27/2020 | 05/28/2020 | 05/29/2020 | 0.156241 |
06/26/2020 | 06/29/2020 | 06/30/2020 | 0.158834 |
07/29/2020 | 07/30/2020 | 07/31/2020 | 0.160854 |
08/27/2020 | 08/28/2020 | 08/31/2020 | 0.161943 |
09/28/2020 | 09/29/2020 | 09/30/2020 | 0.161029 |
10/28/2020 | 10/29/2020 | 10/30/2020 | 0.160386 |
11/25/2020 | 11/27/2020 | 11/30/2020 | 0.159669 |
12/29/2020 | 12/30/2020 | 12/31/2020 | 0.836146 |
12/30/2020 | 12/30/2020 | 12/31/2020 | 0.142724 |
2019 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
01/29/2019 | 01/30/2019 | 01/31/2019 | 0.158701 |
02/26/2019 | 02/27/2019 | 02/28/2019 | 0.160731 |
03/27/2019 | 03/28/2019 | 03/29/2019 | 0.163395 |
04/26/2019 | 04/29/2019 | 04/30/2019 | 0.163267 |
05/29/2019 | 05/30/2019 | 05/31/2019 | 0.162855 |
06/26/2019 | 06/27/2019 | 06/28/2019 | 0.163633 |
07/29/2019 | 07/30/2019 | 07/31/2019 | 0.163654 |
08/28/2019 | 08/29/2019 | 08/30/2019 | 0.162868 |
09/26/2019 | 09/27/2019 | 09/30/2019 | 0.162766 |
10/29/2019 | 10/30/2019 | 10/31/2019 | 0.163367 |
11/26/2019 | 11/27/2019 | 11/29/2019 | 0.163449 |
12/26/2019 | 12/26/2019 | 12/31/2019 | 0.193825 |
12/27/2019 | 12/30/2019 | 12/31/2019 | 0.029864 |
12/30/2019 | 12/30/2019 | 12/31/2019 | 0.193825 |
2018 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
07/30/2018 | 07/27/2018 | 07/31/2018 | 0.158498 |
08/29/2018 | 08/30/2018 | 08/31/2018 | 0.159647 |
09/26/2018 | 09/27/2018 | 09/28/2018 | 0.159582 |
10/29/2018 | 10/30/2018 | 10/31/2018 | 0.157894 |
11/28/2018 | 11/29/2018 | 11/30/2018 | 0.155745 |
12/24/2018 | 12/24/2018 | 12/28/2018 | 0.001580 |
12/26/2018 | 12/27/2018 | 12/28/2018 | 0.058243 |
12/27/2018 | 12/28/2018 | 12/31/2018 | 0.157226 |
1970 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
09/27/2024 | 01/01/1970 | 01/01/1970 | 0.200000 |
Jonathan Shelon, CFA, COO at @KraneShares, discusses the $KWEB Defined Outcome #ETFs, $KPRO and $KBUF. These ETFs offer structured upside potential and downside buffer, offering a potential opportunity for #investors looking to balance #risk and #reward in their #portfolios.… pic.twitter.com/sbBfKwBkby
— KraneShares (@KraneShares) September 5, 2024
@ahern_brendan joined @ETFEdgeCNBC to discuss why he believes government #stimulus is necessary to kick-start #China's #stockmarket performance, $PDD's recent #earnings release, and more.
— KraneShares (@KraneShares) September 5, 2024
Watch: https://t.co/OoHUa27kNE$KWEB #stocks #ETFs #investing pic.twitter.com/zGPO8FuRTa
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 $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | INDIA CLEANTECH ENERGY 4.7 08/10/26 | 2.96% | – | USV4606AAA17 | 574,700 | 556,195 |
2 | NWD FINANCE BVI LTD 5 1/4 PERP | 2.63% | – | XS2132986741 | 600,000 | 495,660 |
3 | Cash | 2.62% | – | – | 493,555 | 493,555 |
4 | YANLORD LAND HK CO LTD 5 1/8 05/20/26 | 2.25% | – | XS2317279573 | 450,000 | 422,676 |
5 | MONG DUONG FINANCE HOLDINGS BV 5 1/8 05/07/29 | 2.18% | – | USN6000DAA11 | 421,640 | 409,344 |
6 | PETRON CORP 5.95 PERP | 2.11% | – | XS2330597738 | 400,000 | 397,602 |
7 | CA MAGNUM HOLDINGS 5 3/8 10/31/26 | 2.10% | – | USV1541CAA19 | 400,000 | 394,255 |
8 | GREENTOWN CHINA HOLDINGS LTD 5.65 07/13/25 | 2.08% | – | XS2193529562 | 400,000 | 392,140 |
9 | FORTUNE STAR BVI LTD 5.95 10/19/25 | 2.08% | – | XS2238561794 | 400,000 | 391,500 |
10 | KRUNG THAI BANK PCL/CAYMAN ISLANDS 4.4 PERP | 2.08% | – | XS2313655677 | 400,000 | 391,120 |
Holdings are subject to change.
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