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Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

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.

Hong Kong Technology Sector Highlights:

  • China led the world in retail web sales with $1.8 trillion total sales in 20201 (compared to $861 billion2 in the United States).
  • China is becoming a world leader in advanced Information Technology hardware production, focusing on 5G equipment and semiconductors.
  • Since the launch of the Shanghai and Shenzhen Stock Connect programs in 2014 and 2016, Mainland investors now represent 8.5% of Hong Kong's free-float market capitalization. This number is projected to increase significantly in the coming years3.

KTEC Provides:

  • Focused exposure to the largest technology companies listed in Hong Kong.
  • Access to companies benefitting from increasing domestic consumption by China's growing middle class, which is increasingly occurring online.
  • Access to Hong Kong-listed 5G and semiconductor companies that offer a potential source of uncorrelated, long-term growth.

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.

Fund Details

Data as of 04/23/2024
Ticker KTEC
Primary Exchange NYSE
CUSIP 500767579
ISIN US5007675797
Net Assets $5,908,348
Total Annual Fund Operating Expense 0.69%
Inception Date 6/9/2021
Distribution Frequency Annual

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Premium Discount Chart

Daily Performance

Data as of 04/23/2024
Daily Net Asset Value (NAV) and Market Price
NAV $10.74
NAV Daily Change 3.47%
Market Price $10.83
Market Price Daily Change 2.36%
30 Day Median Bid/Ask Spread
0.55%
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

Cumulative %
Data as of: 03/31/2024
Fund NAV Closing Price Index
1 Month 1.79% 4.40% 1.45%
3 Month -6.42% -5.46% -7.69%
6 Month -9.74% -8.03% -11.03%
YTD -6.42% -5.46% -7.69%
Since Inception -56.46% -55.93% -56.08%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year -18.29% -16.48% -18.38%
Since Inception -25.59% -25.27% -25.35%

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.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023 0.092978
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.020779
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.000000

Topics:

Growth of $10,000

Data as of 04/23/2024

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. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 04/24/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 MEITUAN-CLASS B 11.06% 3690 KYG596691041 46,680 677,109
2 XIAOMI CORP-CLASS B 9.99% 1810 KYG9830T1067 287,600 611,806
3 TENCENT HOLDINGS LTD 9.76% 700 KYG875721634 13,600 597,722
4 JD.COM INC-CLASS A 9.58% 9618 KYG8208B1014 41,310 586,549
5 KUAISHOU TECHNOLOGY 9.06% 1024 KYG532631028 81,800 554,622
6 ALIBABA GROUP HOLDING LTD 7.75% 9988 KYG017191142 51,300 474,903
7 NETEASE INC 5.71% 9999 KYG6427A1022 18,505 349,940
8 LI AUTO INC-CLASS A 4.47% 2015 KYG5479M1050 22,200 273,687
9 LENOVO GROUP LTD 3.90% 992 HK0992009065 216,000 238,572
10 BAIDU INC-CLASS A 3.89% 9888 KYG070341048 19,050 238,137

Holdings are subject to change.

Fund Documents

©2024 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

The ability of the Fund to achieve its respective investment objectives is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. If the Fund is unable to obtain sufficient exposure to limited availability of A Share quota, the Fund could seek exposure to the component securities of the Underlying Index by investment in other types of securities. The Fund is subject to political, social or economic instability within China which may cause decline in value. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease.

Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KTEC is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

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