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).
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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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KSTR seeks to track the performance of the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index. The Index is comprised of the 50 largest companies listed on the SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalization and liquidity.
1. YiCai Global, “China’s Year-Old Star Market Outshines the Venerable Nasdaq”, July 23, 2020.
2. Deloitte, “Mainland and Hong Kong IPO markets to remain strong and vibrant in 2022”, December 20, 2021.
Ticker | KSTR |
Primary Exchange | NYSE |
CUSIP | 500767694 |
ISIN | US5007676944 |
Net Assets | $44,532,815 |
Total Annual Fund Operating Expense | 0.88% |
Inception Date | 1/27/2021 |
Distribution Frequency | Annual |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $15.36 |
NAV Daily Change | 0.72% |
Market Price | $15.20 |
Market Price Daily Change | 0.46% |
30 Day Median Bid/Ask Spread |
0.43% |
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 |
$15.36 | $15.20 | $-0.16 |
2022 Full Year | Q1 2023 | Q2 2023 | |
Days traded at premium | 60 | 53 | 24 |
Days traded at NAV | 0 | 0 | 0 |
Days traded at discount | 191 | 9 | 14 |
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 | -2.61% | -3.06% | -0.08% |
3 Month | 0.61% | -0.18% | 4.84% |
6 Month | 9.23% | 10.10% | 13.50% |
Since Inception | -34.20% | -34.16% | -30.59% |
Fund NAV | Closing Price | Index | |
1 Year | 5.65% | 6.88% | 10.10% |
Since Inception | -16.92% | -16.90% | -14.93% |
Fund NAV | Closing Price | Index | |
1 Year | -9.97% | -8.81% | -8.05% |
Since Inception | -16.50% | -16.29% | -15.42% |
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.
2022 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/28/2022 | 12/29/2022 | 12/30/2022 | 0 |
2021 Distributions |
Ex-Date | Record Date | Payable Date | Amount |
12/29/2021 | 12/30/2021 | 12/31/2021 | 0 |
Join @ahern_brendan, @Dr_XiaolinChen, and David Adelman for a webinar where they will discuss the key drivers of our China #ETFs performance, the significance of the Two Sessions meetings, and provide an update on geopolitical developments.
— KraneShares (@KraneShares) March 27, 2023
Register: https://t.co/2ogdmN05T9$KWEB pic.twitter.com/V15fH6HtT9
With the exponential rise and adoption of electric vehicles and renewable energy, the demand for electrification metals is skyrocketing. $KMET offers exposure to many of the metals powering this revolution, like lithium and cobalt. Read our latest article: https://t.co/9JaudQJ3Xt pic.twitter.com/86s1EXn1cc
— KraneShares (@KraneShares) March 21, 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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | BEIJING KINGSO-A | 8.83% | 688111 | CNE100003PM2 | 68,536 | 4,003,800 |
2 | ADVANCED MICRO-A | 6.86% | 688012 | CNE100003MM9 | 133,511 | 3,108,154 |
3 | TRINA SOLAR CO LTD-A | 6.04% | 688599 | CNE100003ZR0 | 401,771 | 2,738,392 |
4 | MONTAGE TECHNO-A | 5.61% | 688008 | CNE100003MN7 | 293,944 | 2,542,906 |
5 | CAMBRICON TECHNOLOGIES-A | 5.19% | 688256 | CNE1000041R8 | 74,233 | 2,352,802 |
6 | SHENZHEN TRANS-A | 4.60% | 688036 | CNE100003P74 | 119,117 | 2,083,376 |
7 | ZHEJIANG SUPCO-A | 4.05% | 688777 | BMYLP63 | 124,820 | 1,835,017 |
8 | CHINA RESOURCE-A | 3.50% | 688396 | CNE100003S06 | 195,591 | 1,588,551 |
9 | WESTERN SUPERCON | 3.15% | 688122 | CNE100003MF3 | 120,322 | 1,428,051 |
10 | AMLOGIC SHANGHAI INC-A | 2.83% | 688099 | CNE100003LZ3 | 107,216 | 1,283,424 |
Holdings are subject to change.
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