Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. Our suite of China-focused ETFs provides investors with solutions to capture China’s importance as an essential element of a well-designed investment portfolio. We strive to deliver innovative first-to-market strategies developed based on our strong partnerships and deep investing knowledge. We help investors stay current on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC, is a signatory of the United Nations-supported Principles for Responsible Investing (UN PRI). The firm is majority-owned by China International Capital Corporation (CICC).
June 24, 2022 – Tesla Reports Impressive Earnings
June 24, 2022 – KraneShares KCCA Wins Best Newcomer ESG/Impact ETF of the Year at the 2022 Mutual Fund and ETF Awards
June 21, 2022 – Trump’s Tariffs on China Have Acted as a ‘Boomerang’ Against American Consumers: Ex-U.S. Diplomat
June 21, 2022 – KraneShares: Confident the Worst is Over for Chinese Tech Companies on the Regulatory Front
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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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KSET provides broad coverage of the voluntary carbon market by tracking carbon offset futures contracts. These futures contracts include Nature-Based Global Emission Offsets (N-GEOs) and Global Emission Offsets (GEOs), which trade through the CME Group, the world's largest financial derivatives exchange. KSET is designed to dynamically add additional offset markets as they reach scale.
*Diversification does not ensure a profit or guarantee against a loss.
1. CME Group, "Finding a Solution for Global Carbon Offsets Pricing", Jan 26, 2021.
2. CME Group, "CBL Nature-Based Global Emissions Offset (N-GEO) and CBL Global Emissions Offset (GEO) Futures ‒ Frequently Asked Questions," Jun 21 2021.
3. Data from Bloomberg as of 4/25/2022.
Ticker | KSET |
Primary Exchange | NYSE |
CUSIP | 500767538 |
ISIN | US5007675383 |
Net Assets | $7,846,363 |
Total Annual Fund Operating Expense | 0.79% |
Inception Date | 04/27/2022 |
Distribution Frequency | Annual |
NAV | |
Net Asset Value | $19.62 |
Daily Change | -0.02% |
Price | |
Market Price | $19.60 |
Daily Change | -1.06% |
30 Day Median Bid/Ask Spread |
0.94% |
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 |
$19.62 | $19.60 | $-0.02 |
Q2 2022 | Q2 2022 | |
Days traded at premium | 35 | 36 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 9 | 8 |
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
Cumulative %Data as of: 06/30/2022 |
Fund NAV | Closing Price | Index |
1 Month | -19.16% | -19.24% | 1.01% |
3 Month | – | – | – |
6 Month | – | – | – |
Since Inception | -21.52% | -21.60% | -1.96% |
Cumulative %
Data as of quarter end: 06/30/2022
|
Fund NAV | Closing Price | Index |
Since Inception | -21.52% | -21.60% | -1.96% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
Name | Identifier | Position | Current Exposure($) | % NAV |
CBL Nature-Based Global Emission Offset (NGO) 2022 Future | LGOZ2 Comdty | 250 | 2,072,500 | 26.41% |
CBL Global Emission Offset (GEO) 2022 Future | UGEZ2 Comdty | 80 | 331,200 | 4.22% |
2,403,700 | 31% |
Name | Identifier | Position | Current Exposure($) | % NAV |
USD Cash & Equivalents** | USD | 7,727,897 | 7,727,897 | 98.49% |
7,727,897 | 98% |
Holdings, futures, and collateral are subject to change.
**Includes USD cash deposits & cash in margin accounts ($7,727,897)
Rank | Name | % of Net Assets | Ticker | Identifier | Type | Shares Held | Market Value($) | Notional Value($) |
1 | Cash | 100.00% | – | – | Cash | 7,727,897 | 7,727,897 | 0 |
2 | CBL GB EMIS OFFSE DEC22 | 0.00% | UGEZ2 | – | Future | 80 | 0 | 331,200 |
3 | CBL NB G EMIS OFF DEC22 | 0.00% | LGOZ2 | – | Future | 250 | 0 | 2,072,500 |
Holdings are subject to change.
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