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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San Francisco, CA 94111
KTEC seeks to track the performance of the Hang Seng TECH Index, which captures the 30 largest companies in Hong Kong's rapidly growing technology sector. The Index provides exposure to innovative companies with strong research & development investment, high revenue growth, and themes such as cloud, E-Commerce, fintech and internet. The Index is freefloat market capitalization weighted with an 8% cap on individual constituent weighting.
1. National Bureau of Statistics of China. Note: Figures converted from Chinese Renminbi to USD as of 4/6/2021.
2. Digital Commerce 360. “US ecommerce grows 44.0% in 2020.” January 29, 2021.
3. Lockett Hudson, "Chinese investors flood Hong Kong's bruised stock market with cash" Financial Times, January 12, 2021.
Ticker | KTEC |
Primary Exchange | NYSE |
CUSIP | 500767579 |
ISIN | US5007675797 |
Net Assets | $12,627,298 |
Total Annual Fund Operating Expense | 0.68% |
Inception Date | 6/9/2021 |
Distribution Frequency | Annual |
NAV | |
Net Asset Value | $13.29 |
Daily Change | 3.67% |
Price | |
Market Price | $13.37 |
Daily Change | 2.41% |
30 Day Median Bid/Ask Spread |
0.53% |
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 |
$13.29 | $13.37 | $0.08 |
2021 Full Year | Q1 2022 | Q2 2022 | Q3 2022 | |
Days traded at premium | 64 | 48 | 23 | 16 |
Days traded at NAV | 0 | 0 | 0 | 0 |
Days traded at discount | 73 | 42 | 27 | 13 |
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.
As of March 18, 2022, the closing market price of the shares of KTEC had deviated by more than 2% from its published NAV for more than seven consecutive trading days (the “Period”). The instruments in which the Fund invests provide economic exposure to and/or trade principally in Hong Kong. During the Period, the markets for such instruments experienced unusually high levels of volatility, which the Adviser believes are related to ongoing geo-political events, including the potential repercussions for China due to the Russia-Ukraine conflict, inflation of global commodity prices and an increase in uncertainty around forecasts for economic growth. The Adviser believes that such market volatility has contributed materially to the deviation between the Fund’s closing price and its NAV during the Period.
Cumulative %Data as of: 07/31/2022 |
Fund NAV | Closing Price | Index |
1 Month | -10.90% | -11.31% | -11.05% |
3 Month | -2.56% | 1.14% | -2.74% |
6 Month | -19.94% | -24.09% | -20.20% |
Since Inception | -46.68% | -46.68% | -45.99% |
Avg Annualized %Data as of month end: 07/31/2022 |
Fund NAV | Closing Price | Index |
1 Year | -35.91% | -36.04% | -36.41% |
Since Inception | -42.25% | -42.25% | -41.60% |
Avg Annualized %
Data as of quarter end: 06/30/2022
|
Fund NAV | Closing Price | Index |
1 Year | -41.29% | -40.87% | -40.54% |
Since Inception | -38.39% | -38.12% | -37.53% |
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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
2021 Distributions | |||
Ex-Date | Record Date | Payable Date | Amount |
12/29/2021 | 12/30/2021 | 12/31/2021 | 0 |
Rank | Name | % of Net Assets | Ticker | Identifier | Shares Held | Market Value($) |
1 | XIAOMI CORP-CLASS B | 8.91% | 1810 | KYG9830T1067 | 732,800 | 1,135,008 |
2 | JD.COM INC - CL A | 8.07% | 9618 | KYG8208B1014 | 36,210 | 1,028,354 |
3 | MEITUAN-CLASS B | 7.98% | 3690 | KYG596691041 | 44,500 | 1,016,835 |
4 | ALIBABA GROUP HOLDING LTD | 7.91% | 9988 | KYG017191142 | 85,000 | 1,007,464 |
5 | KUAISHOU TECHNOLOGY | 7.78% | 1024 | KYG532631028 | 102,600 | 990,919 |
6 | TENCENT HOLDINGS LTD | 7.04% | 700 | KYG875721634 | 23,100 | 896,532 |
7 | SUNNY OPTICAL TECH | 6.25% | 2382 | KYG8586D1097 | 50,640 | 795,974 |
8 | NETEASE INC | 6.13% | 9999 | KYG6427A1022 | 42,905 | 781,136 |
9 | JD HEALTH INTERN | 4.86% | 6618 | KYG5074A1004 | 78,650 | 618,624 |
10 | BAIDU INC-CLASS A | 4.52% | 9888 | KYG070341048 | 33,100 | 576,019 |
Holdings are subject to change.
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