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.
November 27, 2023 – Biden-Xi Meeting Represents Reprieve Investors Have Been Waiting For, says KraneShares’ Henry Greene
November 27, 2023 – “Biden Chip Restrictions May Jeopardize Business With China,” says KraneShares’ Brendan Ahern
November 15, 2023 – China’s Economic Data Is Reflective of the Global Economy Slowing, says KraneShares’ Brendan Ahern
November 14, 2023 – The Case for Carbon
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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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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.
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.
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 |
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. |
NAV | Market Price | Premium/Discount |
$24.01 | $23.99 | $-0.02 |
Q3 2023 | Q4 2023 | |
Days traded at premium | 15 | 31 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 3 | 12 |
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 | Index | |
1 Month | 5.45% | 4.81% | 5.61% |
3 Month | – | – | – |
6 Month | – | – | – |
YTD | – | – | – |
Since Inception | -3.96% | -4.04% | -3.49% |
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.
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.
KraneShares remembers Dr. Henry A. Kissinger.
— KraneShares (@KraneShares) November 30, 2023
Read our post here: https://t.co/3F6gGpOQjr pic.twitter.com/cjgDPv82U1
@KraneShares COO Jonathan Shelon, CFA, discusses how the KraneShares China Internet & Covered Call Strategy ETF (Ticker: $KLIP) puts volatility in the #China internet sector to work to provide attractive monthly distributions.
— KraneShares (@KraneShares) November 2, 2023
Watch: https://t.co/YT7Cjd7zOm pic.twitter.com/OVjC5mKfil
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
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.
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