KSTR

KraneShares SSE STAR Market 50 Index ETF

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Investment Strategy:

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.

STAR Market Highlights:

  • Facilitates the fast-tracking of private science and technology companies to an initial public offering (IPO).
  • Since its establishment in July 2019, the STAR Market has become one of the largest IPO markets globally1 and a premier listing venue for prominent Chinese unicorns (privately held startup companies valued at over $1 billion).
  • Recent increases in fund-raising activity on Chinese exchanges can largely be attributed to the STAR Market, which accounted for 47% of capital raised across China’s Mainland A-Share market in 20202.
  • Potential inclusion in the SSE Composite Index and Shanghai-Hong Kong Stock Connect could result in greater flows for STAR Market securities.

KSTR Features:

  • Exposure to companies poised to be China’s future leaders across industries that could represent the growth engine of China for decades to come.
  • Innovation-driven science and technology companies in China that offer a potential source of uncorrelated, long-term growth.
  • Includes companies from industries such as new-generation information technology, biomedicine, new energy, and environmental protection.

1. YiCai Global, “China’s Year-Old Star Market Outshines the Venerable Nasdaq”, July 23, 2020.
2. The Asset, “A bumper IPO year despite Covid-19”, December 14, 2020.

Fund Details

Data as of 04/13/2021
TickerKSTR
Primary ExchangeNYSE
CUSIP500767694
ISINUS5007676944
Net Assets$93,728,519
Total Annual Fund Operating Expense0.89%
Inception Date1/27/2021
Distribution FrequencyAnnual

Daily Performance

Data as of 04/13/2021
Premium Discount Chart
NAV
Net Asset Value$20.83 
Daily Change0.08%
Price
Market Price$20.91 
Daily Change0.43%
30 Day Median Bid/Ask Spread
Value0.19%

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.

Performance History

Distributions
Cumulative %
Data as of: 03/31/2021
Fund NAVClosing PriceIndex
1 Month-7.02%-6.85%-7.19%
3 Month-10.59%
6 Month-8.58%
Since Inception-15.76%-15.16%-16.59%
Cumulative %
Data as of quarter end: 03/31/2021
Fund NAVClosing PriceIndex
Since Inception-15.76% -15.16%-16.59%

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.

Top 10 Holdings

Data as of 04/13/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1MONTAGE TECHNO-A7.63%688008CNE100003MN7727,5607,147,381
2BEIJING KINGSO-A7.44%688111CNE100003PM2148,4336,970,875
3SHENZHEN TRANS-A7.06%688036CNE100003P74257,5866,617,383
4CHINA RESOURCE-A5.62%688396CNE100003S06587,2595,269,347
5BEIJING ROBORO-A5.55%688169CNE100003R8032,1225,200,394
6RAYTRON TECHNO-A5.11%688002CNE100003MX6358,2054,791,317
7AMLOGIC SHANGHAI INC-A4.81%688099CNE100003LZ3330,9334,512,481
8CHINA RAILWAY -A3.87%688009CNE100003MP24,163,7263,625,969
9NATIONAL SILIC-A3.08%688126CNE1000040F5798,5992,886,760
10NINGBO RONBAY -A2.99%688005CNE100003MS6356,8272,802,128

Holdings are subject to change.