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 06/23/2022
Ticker KSTR
Primary Exchange NYSE
CUSIP 500767694
ISIN US5007676944
Net Assets $57,514,953
Total Annual Fund Operating Expense 0.88%
Inception Date 1/27/2021
Distribution Frequency Annual

Daily Performance

Data as of 06/23/2022
Premium Discount Chart
NAV
Net Asset Value$17.70 
Daily Change 2.03%
Price
Market Price $17.73 
Daily Change 2.20%
30 Day Median Bid/Ask Spread
 
0.34%

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: 05/31/2022
Fund NAV Closing Price Index
1 Month 8.86% 9.74% 8.42%
3 Month -22.07% -22.12% -21.40%
6 Month -34.33% -34.32% -32.79%
Since Inception -32.20% -32.40% -31.65%
Avg Annualized %
Data as of month end: 05/31/2022
Fund NAV Closing Price Index
1 Year -29.76% -30.99% -31.18%
Since Inception -25.13% -25.30% -24.68%
Avg Annualized %
Data as of quarter end: 03/31/2022
Fund NAV Closing Price Index
1 Year -10.92% -12.21% -9.36%
Since Inception -21.68% -22.17% -21.23%
Growth of $10,000
Data as of 06/23/2022

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.

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.

Top 10 Holdings

Data as of 06/24/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TRINA SOLAR CO LTD-A 8.86% 688599 CNE100003ZR0 511,737 5,201,263
2 ADVANCED MICRO-A 4.42% 688012 CNE100003MM9 147,992 2,595,554
3 BEIJING KINGSO-A 4.36% 688111 CNE100003PM2 87,068 2,557,271
4 NINGBO RONBAY -A 4.34% 688005 CNE100003MS6 126,930 2,546,407
5 CHINA RESOURCE-A 3.64% 688396 CNE100003S06 249,324 2,138,625
6 JIANGSU CNANO -A 3.55% 688116 CNE100003P90 87,722 2,085,915
7 SHANGHAI JUNSH-A 3.27% 688180 CNE1000041Z1 163,244 1,920,101
8 WESTERN SUPERCON 3.23% 688122 CNE100003MF3 131,466 1,896,508
9 MONTAGE TECHNO-A 3.10% 688008 CNE100003MN7 213,955 1,821,152
10 NATIONAL SILIC-A 2.98% 688126 CNE1000040F5 513,779 1,750,667

Holdings are subject to change.