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 21, 2023 – Brendan Ahern on Schwab Network: US vs. Non-US Markets & Apple Situation
September 21, 2023 – Anthony Sassine on Schwab Network: TSLA and KARS Up YTD
September 20, 2023 – ARM: Biggest IPO Since UBER In 2019
September 12, 2023 – KraneShares and Rockefeller Asset Management Launch Ocean Engagement ETF (KSEA), Expanding Innovative Climate Investment Lineup
Our semi-monthly topical research reports. Subscribe to our weekly mailing list for more.
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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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.
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.
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 |
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. |
NAV | Market Price | Premium/Discount |
$21.75 | $21.78 | $0.02 |
2022 Full Year | Q1 2023 | Q2 2023 | Q3 2023 | |
Days traded at premium | 39 | 92 | 28 | 27 |
Days traded at NAV | 0 | 0 | 0 | 0 |
Days traded at discount | 15 | 30 | 34 | 34 |
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 | -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% |
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.
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 |
In our summer #carbon/#climate report, we examine California Carbon’s Moment in the Sun, highlight our KraneShares California Carbon Allowance Strategy ETF $KCCA, review recent drivers of global carbon market performance, & more.
— KraneShares (@KraneShares) August 16, 2023
Download: https://t.co/C0YrI2RthW#Climate… pic.twitter.com/WoFyn2TfY0
In our summer China Internet Report, we examine @AlibabaGroup’s recent restructuring, #China's internet sector highlights, provide a subsector analysis, $KWEB top 10 holdings #earnings update, and more.
— KraneShares (@KraneShares) August 9, 2023
Download: https://t.co/pxyjdFxheq$BABA #investing #WealthManagement pic.twitter.com/ovtcojPCI0
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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
Name | Identifier | Position | Current Exposure($) | % 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% |
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 ($1,053,490)
Rank | Name | % of Net Assets | Ticker | Identifier | Type | Shares Held | Market Value($) | 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.
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