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.
April 30, 2024 – KraneShares China Internet & Covered Call ETF (Ticker: KLIP) Announces April Distribution, Delivering A Current Distribution Rate of 44.08%
April 26, 2024 – KLIP ETF: 1 Year+ Later UPDATE | Chinese Tech Stocks (KWEB) Undervalued? + New KBUF & KPRO ETFs
April 26, 2024 – KraneShares CIO Talks Intel And AMD, As China Seeks Semiconductor Self-Sufficiency
April 11, 2024 – Talk Your Book: Building Confidence in China Equity Investing
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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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The KraneShares 100% KWEB Defined Outcome January 2026 ETF (Ticker: KPRO) aims to match the price return of the KraneShares CSI China Internet ETF (Ticker: KWEB), to a predetermined cap of 22.69%, with a 100% downside buffer over the Outcome Period, from February 8, 2024 to January 16, 2026. For more information, see the outcome details below.
The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please read the Fund's prospectus including "Investor Suitability Considerations."
1. Data from Statista as of 12/31/2022. Retrieved 12/31/2023. Note: Figures converted from Chinese Renminbi to USD.
2. Data from U.S. Department of Commerce as of 12/31/2022. Retrieved on 12/31/2023.
Ticker | KPRO |
Primary Exchange | NYSE |
CUSIP | 500767421 |
ISIN | US5007674212 |
Net Assets | $2,553,100 |
Total Annual Fund Operating Expense | 0.95% |
Inception Date | 2/08/2024 |
Distribution Frequency | Annual |
Series | 2 Year to Jan 2026 |
Outcome Period | 2/08/2024 - 1/16/2026 |
Starting Cap
The starting maximum potential return if held to the end of the current Outcome Period, before fees and expenses.
|
22.69% | Starting Buffer
The starting amount of downside protection the fund seeks to provide if held to the end of the Outcome Period.
|
100.00% |
Exposure | KWEB |
Starting Value
Values for the Outcome Period, as of the start of the Outcome Period, which was market open on 2/08/2024.
|
Current Value
Values for the Remaining Outcome Period, as of market close on 05/01/2024.
|
|
Cap
Maximum potential return the ETF seeks to provide for the Outcome Period.
|
22.69% / 22.10% | 19.67% / 19.16% |
Buffer
Maximum potential loss reduction the ETF seeks to provide for the Outcome Period.
|
100.00% / 99.41% | 97.54% / 97.03% |
Downside Before Buffer
Maximum potential loss the ETF seeks to incur before benefitting from the Buffer for the Remaining Outcome Period.
|
0.00% / -0.59% | -2.46% / -2.97% |
Remaining Outcome Period | 708 days | 625 days |
Fund Price | $25.00 | $25.63 |
Fund Return | – | 2.52% |
KWEB Return | – | 14.54% |
Net values include fees and expenses yet to be incurred in the Outcome Period while gross values exclude fees and expenses. Fund return and current outcome period values assume reinvestment of capital gain distributions, if any. Investors purchasing the fund intra-period will achieve a different defined outcome than those who entered on day one. The cap current value represents the maximum return the fund can achieve at its current price. KWEB may need to rise higher or lower than the current cap before the current cap is realized. If the current buffer is greater than the fund's starting buffer, a portion of the buffer will be realized before the downside before buffer begins. After the downside before buffer has been realized, the final portion of the buffer will begin again.
Daily Net Asset Value (NAV) and Market Price | |
NAV | $25.53 |
NAV Daily Change | 0.00% |
Market Price | $25.63 |
Market Price Daily Change | 0.16% |
30 Day Median Bid/Ask Spread |
0% |
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 |
$25.53 | $25.63 | $0.10 |
Q1 2024 | Q2 2024 | |
Days traded at premium | 35 | 23 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 0 | 0 |
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 | 1.27% | 1.11% | 7.08% |
3 Month | – | – | – |
6 Month | – | – | – |
YTD | – | – | – |
Since Inception | 2.12% | 2.36% | 14.87% |
Fund NAV | Closing Price | Index | |
Since Inception | 0.84% | 1.24% | 7.28% |
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.
Download our Spring #China #Internet #Report. In this edition’s theme highlight, we examine Can Generative AI be the Next Transformative Force for China’s Internet Giants? We cover how #Chinese internet companies are implementing #GenerativeAI and the #technology’s potential… pic.twitter.com/NedDAmpmiE
— KraneShares (@KraneShares) April 17, 2024
Enthusiasm for #AI #technology recently made $NVDA the world's third most valuable #stock and the talk of the #investment world. However, the #company's leading-edge chips are only made possible from the fabrication prowess of $TSM and South Korea's @SKhynix. Both companies… pic.twitter.com/vOvTV8NszV
— KraneShares (@KraneShares) April 11, 2024
The Outcome Period Performance chart assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. This chart is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on market price and represents past performance. Past performance does not guarantee future results. Investors purchasing the fund intra-period will achieve a different defined outcome than those who entered on day one. The current cap value represents the maximum return the fund can achieve at its current price. KWEB may need to rise higher or lower than the current cap before the current cap is realized. If the current buffer is greater than the fund's starting buffer, a portion of the buffer will be realized before the downside before buffer begins. After the downside before buffer has been realized, the final portion of the buffer will begin again.
Rank | Name | % of Net Assets | Ticker | Identifier | Type | Shares Held | Market Value($) |
1 | KraneShares CSI China Internet ETF | 111.74% | KWEB | US5007673065 | ETF | 102,000 | 2,852,940 |
2 | KWEB US 01/16/2026 P24.42 | 8.72% | – | – | Option | 1,020 | 222,646 |
3 | Cash | 0.07% | – | – | Cash | 1,693 | 1,693 |
4 | KWEB US 01/16/2026 C29.96 | -20.53% | – | – | Option | -1,020 | -524,178 |
Holdings are subject to change.
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