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Overview

Performance

Distributions

Holdings

Fund Documents

Overview

Investment Strategy:

KLXY provides exposure to leading developed markets companies from global luxury-related sectors weighted by market capitalization. These companies operate across industries, including leather goods, jewelry, accessories, skincare, cosmetics, beverages, travel, and supercar businesses.

Global Luxury Market Highlights:

  • Global luxury companies tend to have resilient pricing power, strong profitability, and high barriers to entry, offering investors potential long-term growth.
  • The luxury industry tends to be resilient in economic downturns and inflationary periods, strengthened by longstanding brand reputations and loyal customer bases.
  • The global luxury market is projected to reach $570-615 billion by 2030, which is more than double its size in 2020.1
  • China is expected to add more than 71 million people to its growing upper/high-income middle class by 2025, potentially driving future growth of global luxury companies.2
  • Post-pandemic international travel rebounded in 2022, as international tourist arrivals more than doubled compared to 2020.3 Rising outbound tourists are likely to boost luxury shopping in duty-free countries.

KLXY Features:

  • Invested in over 40 of the top global luxury companies by market capitalization, including companies such as LVMH, Hermes, Ferrari, and Pernod Ricard.
  • Access to global luxury brands across various key sectors, including luxury goods, skincare, cosmetics, beverages, travel, and vehicles.
  • Diversified exposure to developed countries outside of the United States, including France, the United Kingdom, Italy, Switzerland, and Japan.4

1. Bain & Company, “Global luxury goods market takes 2022 leap forward and remains poised for further growth despite economic turbulence”, Nov 2022. Retrieved 8/30/2023.
2. McKinsey, “2023 McKinsey China Consumer Report: A Time of Resilience”, December 2022, Retrieved 8/30/2023.
3. World Economic Forum, “Charted: How international travel bounced back strongly in 2022”, May 2023. Retrieved 8/30/2023.
4. Diversification does not ensure a profit or guarantee against a loss.

Fund Details

Data as of 11/30/2023
Ticker KLXY
Primary Exchange NYSE
CUSIP 500767454
ISIN US5007674543
Net Assets $3,001,048
Total Annual Fund Operating Expense 0.69%
Inception Date 9/7/2023
Distribution Frequency Annual

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Daily Performance

Data as of 11/30/2023
Daily Net Asset Value (NAV) and Market Price
NAV $24.01
NAV Daily Change -0.04%
Market Price $23.99
Market Price Daily Change -0.17%
30 Day Median Bid/Ask Spread
0.3%
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

Cumulative %
Data as of: 11/30/2023
Fund NAV Closing Price Index
1 Month 5.45% 4.81% 5.61%
3 Month – – –
6 Month – – –
YTD – – –
Since Inception -3.96% -4.04% -3.49%
Cumulative %
Data as of quarter end: 09/30/2023
Fund NAV Closing Price Index
Since Inception -6.28% -5.88% -6.00%

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.

Distribution History

2023 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023

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.

Topics:

Top 10 Holdings

Data as of 12/01/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LVMH MOET HENNE 9.88% MC FR0000121014 397 298,409
2 L'OREAL 9.53% OR FR0000120321 609 287,808
3 DIAGEO PLC 7.09% DGE GB0002374006 6,017 214,051
4 CIE FINANCI-REG 7.05% CFR CH0210483332 1,691 213,120
5 HERMES INTERNATIONAL 6.32% RMS FR0000052292 92 190,920
6 FERRARI NV 5.00% RACE NL0011585146 424 151,059
7 ESTEE LAUDER 4.63% EL US5184391044 1,061 139,988
8 ESSILORLUXOTTICA 4.52% EL FR0000121667 708 136,646
9 KERING 4.44% KER FR0000121485 315 134,104
10 PERNOD RICARD SA 4.11% RI FR0000120693 724 124,067

Holdings are subject to change.

Fund Documents

©2023 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

The Fund is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund invests in companies in luxury-related sectors that may face intense competition and be dependent on their ability to maintain brand image. These companies may be subject to changes in consumer preferences and the spending of a relatively small segment of the general population, and technologies employed by the companies that may become obsolete. The companies can be especially sensitive to a decline in consumer confidence or any downturns in the broader economy. Demand for luxury products may be seasonal, and incorrect assessment of future demand can lead to overproduction or underproduction, which can impact company profitability.

The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. KLXY is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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