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Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses. We believe these metals' value will increase alongside accelerating global decarbonization efforts.

Electrification Metals Highlights:

  • More than $140 trillion of investment is needed for the clean energy transition over the next thirty years.1
  • To reach climate goals, a tripling of mineral demand is expected from the low-carbon power generation sector by 2040.2
  • Transitional commodities are expected to experience a demand and supply imbalance over the next decade.

KMET Features:

  • Provides a unique thematic exposure to transitional commodities and a hedge against climate change, inflation, and supply-side disruptions.
  • May be a beneficiary of increasing demand for electrification with the continued decarbonization of the global economy and strengthened climate policy.
  • Can provide potential portfolio diversification,3 as climate-aligned investments may act as a differentiated and non-correlated source of return that are not driven by the economic cycle.

1. International Renewable Energy Agency (IRENA). Forecast as of June of 2021. Data retrieved in May 31, 2022.
2. IEA, “The Role of Critical Minerals in Clean Energy Transitions”, May 2021.
3. Diversification does not ensure a profit or guarantee against a loss.

Fund Details

Data as of 09/27/2023
Ticker KMET
Primary Exchange NYSE
CUSIP 500767512
ISIN US5007675128
Net Assets $4,350,350
Total Annual Fund Operating Expense 0.80%
Inception Date 10/13/2022
Distribution Frequency Quarterly

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KraneShares Dynamic Emerging Markets Strategy ETF

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Premium Discount Chart

Daily Performance

Data as of 09/27/2023
Daily Net Asset Value (NAV) and Market Price
NAV $21.75
NAV Daily Change -0.14%
Market Price $21.78
Market Price Daily Change 0.18%
30 Day Median Bid/Ask Spread
0.44%
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: 08/31/2023
Fund NAV Closing Price Index
1 Month -7.10% -7.47% -7.04%
3 Month -0.97% -1.63% 0.57%
6 Month -14.92% -15.34% -13.43%
YTD -18.81% -19.47% -16.57%
Since Inception -10.45% -10.69% -7.79%
Cumulative %
Data as of quarter end: 06/30/2023
Fund NAV Closing Price Index
Since Inception -8.09% -8.36% -5.98%

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
Ex-Date Record Date Payable Date Amount
09/27/2023 09/28/2023 09/29/2023 0.000000

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.

2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.034589

Topics:

Growth of $10,000

Data as of 09/27/2023

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.

Electrification Metals Futures

Data as of 09/27/2023
Name Identifier Position Current Exposure($) % NAV
Copper 2023 Future HGZ3 Comdty 12 1,090,950 25.08%
Nickel 2023 Future LNX3 Comdty 9 1,020,317 23.45%
Zinc 2023 Future LXX3 Comdty 12 740,550 17.02%
Aluminum 2023 Future LAX23 Comdty 9 501,356 11.52%
ALUMINUM FUTURES NOV23 ALEX3 Comdty 8 448,250 10.3%
Cobalt 2023 Future CVTX3 Comdty 11 401,109 9.22%
Lithium 2023 Future LFAX3 Comdty 4 112,600 2.59%
4,315,131 99%

Collateral and Currency Management

Data as of 09/27/2023
Name Identifier Position Current Exposure($) % NAV
STATE ST INST US GOV GVMXX 3,296,863 3,296,863 75.78%
USD Cash & Equivalents** USD 1,053,490 1,053,490 24.22%
4,350,352 100%

Holdings, futures, and collateral are subject to change.
**Includes USD cash deposits & cash in margin accounts ($1,053,490)

Top 10 Holdings

Data as of 09/27/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Type Shares Held Market Value($) Notional Value($)
1 STATE ST INST US GOV 75.78% GVMXX – Money Market 3,296,863 3,296,863 0
2 Cash 24.22% – – Cash 1,053,490 1,053,490 0
3 ALUMINUM FUTURES NOV23 0.00% ALEX3 – Future 8 0 448,250
4 COBALT FASTMARKET NOV23 0.00% CVTX3 – Future 11 0 401,109
5 COPPER FUTURE DEC23 0.00% HGZ3 – Future 12 0 1,090,950
6 LITHIUM LIOH COME NOV23 0.00% LFAX3 – Future 4 0 112,600
7 LME NICKEL FUTURE NOV23 0.00% LNX3 – Future 9 0 1,020,317
8 LME PRI ALUM FUTR NOV23 0.00% LAX23 – Future 9 0 501,356
9 LME ZINC FUTURE NOV23 0.00% LXX3 – Future 12 0 740,550

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.

Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The use of futures contracts is subject to special risk considerations. The primary risks associated with the use of futures contracts include: (a) an imperfect correlation between the change in market value of the reference asset and the price of the futures contract; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the inability to predict correctly the direction of market prices, interest rates, currency exchange rates and other economic factors; and (e) if the Fund has insufficient cash, it may have to sell securities or financial instruments from its portfolio to meet daily variation margin requirements, which may lead to the Fund selling securities or financial instruments at a loss.

The Fund invests through a subsidiary, and is indirectly exposed to the risks associated with the Subsidiary’s investments. Since the Subsidiary is organized under the law of the Cayman Islands and is not registered with the SEC under the Investment Company Act of 1940, as such the Fund will not receive all of the protections offered to shareholders of registered investment companies. The Fund and the Subsidiary will be considered commodity pools upon commencement of operations, and each will be subject to regulation under the Commodity Exchange Act and CFTC rules. Commodity pools are subject to additional laws, regulations and enforcement policies, which may increase compliance costs and may affect the operations and performance of the Fund and the Subsidiary. Futures and other contracts may have to be liquidated at disadvantageous times or prices to prevent the Fund from exceeding any applicable position limits established by the CFTC. The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity and may be affected by changes in overall market movements, volatility of the Index, changes in interest rates, or factors affecting a particular industry or commodity.

The Fund is subject to interest rate risk, which is the chance that bonds will decline in value as interest rates rise. 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. KMET 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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