KTEC

KraneShares Hang Seng TECH Index ETF

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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 12/03/2021
TickerKTEC
Primary ExchangeNYSE
CUSIP500767579
ISINUS5007675797
Net Assets$2,724,412
Total Annual Fund Operating Expense 0.69%
Inception Date6/9/2021
Distribution FrequencyAnnual

Daily Performance

Data as of 12/03/2021
Premium Discount Chart
NAV
Net Asset Value$18.16 
Daily Change -1.52%
Price
Market Price $17.50 
Daily Change-1.85%
30 Day Median Bid/Ask Spread
Value0.58%

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: 11/30/2021
Fund NAV Closing Price Index
1 Month-5.71% -4.86% -5.71%
3 Month-9.26% -10.21% -8.93%
6 Month -24.69%
Since Inception-25.96% -26.44% -24.69%
Cumulative %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
Since Inception-24.56% -24.00% -23.69%
Growth of $10,000
Data as of 12/03/2021

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 12/03/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 SUNNY OPTICAL TECH 8.75% 2382 KYG8586D1097 7,900 238,435
2 XIAOMI CORP-CLASS B 8.54% 1810 KYG9830T1067 92,200 232,606
3 TENCENT HOLDINGS LTD 8.50% 700 KYG875721634 3,900 231,514
4 MEITUAN-CLASS B 8.30% 3690 KYG596691041 7,300 225,947
5 ALIBABA GROUP HOLDING LTD 8.27% 9988 KYG017191142 14,700 225,231
6 KUAISHOU TECHNOLOGY 8.19% 1024 KYG532631028 21,400 223,123
7 JD.COM INC - CL A 8.03% 9618 KYG8208B1014 5,300 218,725
8 NETEASE INC 4.70% 9999 KYG6427A1022 5,900 128,103
9 JD HEALTH INTERN 4.38% 6618 KYG5074A1004 14,700 119,406
10 HAIER SMART HOME CO LTD-H 4.11% 6690 CNE1000048K8 28,200 111,819

Holdings are subject to change.