Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Alternatives. 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.
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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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KraneShares 2X Long PDD Daily ETF (KPDD) seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the US listings or American Depositary Receipt (ADR) of PDD Holdings.
1. Data from Companies Market Cap and Bloomberg as of 12/31/2024. JD.com’s 2024 revenue is for the 12 months ending 9/30/2024.
2. Wang, Yimin. “Temu overtook Amazon as the most used global e-commerce platform,”Dao Insights. January 28, 2025.
3. Data from Trading Economics, Statista as of 12/31/2024.
4. Data from Statista as of 12/31/2024.
Important Notice:
Investors should be aware that they can lose their entire investment. Single-stock ETFs, unlike traditional ETFs that diversify across a range of stocks, focus solely on the performance of a single stock, significantly increasing investment risk. KraneShares ETFs aim for daily investment results that match 2x the daily performance of the underlying stock. Investors should be aware that returns may diverge from the stock's actual performance if held for more than a day.
Due to their leveraged nature, these funds require close monitoring, as they can magnify both potential gains and losses. A flat performance of the underlying stock may lead to a loss, and in certain scenarios, these funds can incur losses even when the stock price fluctuates positively or negatively over several days. Therefore, they are not suitable for every investor and are specifically intended for knowledgeable individuals who grasp the mechanics of leveraged investing and are willing to actively manage risks. Understanding volatility is essential, as minor stock movements and increased volatility can result in returns that significantly deviate from the expected target.
Ticker | KPDD |
Primary Exchange | NASDAQ |
CUSIP | 500767330 |
ISIN | US5007673305 |
Net Assets | $1,886,771 |
Total Annual Fund Operating Expense | 1.26% |
Inception Date | 3/11/2025 |
Distribution Frequency | Annual |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $18.87 |
NAV Daily Change | 2.67% |
Market Price | $18.86 |
Market Price Daily Change | 2.78% |
30 Day Median Bid/Ask Spread |
0.5% |
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 |
$18.87 | $18.86 | $0.00 |
Q1 2025 | Q2 2025 | |
Days traded at premium | 10 | 9 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 4 | 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 | |
1 Month | -23.67% | -23.95% |
3 Month | – | – |
6 Month | – | – |
YTD | – | – |
Since Inception | -24.52% | -24.56% |
Fund NAV | Closing Price | |
Since Inception | -1.12% | -0.80% |
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.
Ex-Date | Record Date | Payable Date | Amount |
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.
In today’s market, where growth stocks have outpaced value stocks since 2016, many investors face a tough choice: chase high-growth opportunities or stick with stable, dividend-paying value stocks. The KraneShares Value Line® Dynamic Dividend Equity ETF (Ticker: $KVLE) offers an… pic.twitter.com/GtUjQyvcLE
— KraneShares (@KraneShares) March 28, 2025
Asia’s high-yield USD bond market hit a 10-year low in new issuance during 2024—a rare supply squeeze that could drive price appreciation in 2025 and beyond. With improving credit conditions and increased investor demand due to lower local interest rates, bonds in this space may… pic.twitter.com/vF6Qv0B9ai
— KraneShares (@KraneShares) March 26, 2025
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | +2X PDD/-OBOR 4/26 | 199.96% | – | – | 35,866 | 3,800,720 |
2 | MAREX COLLATERAL | 89.35% | – | – | 1,698,262 | 1,698,262 |
3 | Cash | 15.73% | – | – | 299,075 | 299,075 |
4 | +2X PDD/-OBOR 4/26 | -205.04% | – | – | -3,897,322 | -3,897,322 |
Holdings are subject to change.
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For questions on how to invest in KraneShares ETFs, please refer to ETF Trading 101.
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