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 01/24/2022
TickerKTEC
Primary ExchangeNYSE
CUSIP500767579
ISINUS5007675797
Net Assets $6,162,347
Total Annual Fund Operating Expense 0.69%
Inception Date6/9/2021
Distribution FrequencyAnnual

Daily Performance

Data as of 01/24/2022
Premium Discount Chart
NAV
Net Asset Value$17.61 
Daily Change -2.92%
Price
Market Price $0.00 
Daily Change0.00%
30 Day Median Bid/Ask Spread
Value0%

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: 12/31/2021
Fund NAV Closing Price Index
1 Month-5.62% -4.24% -5.89%
3 Month-7.37% -7.32% -7.13%
6 Month-31.44% -30.72% -30.60%
Since Inception-30.12% -29.56% -29.13%
Cumulative %
Data as of quarter end: 12/31/2021
Fund NAV Closing Price Index
Since Inception-30.12% -29.56% -29.13%

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 01/24/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KUAISHOU TECHNOLOGY 8.64% 1024 KYG532631028 48,600 532,231
2 TENCENT HOLDINGS LTD 8.42% 700 KYG875721634 8,600 518,795
3 ALIBABA GROUP HOLDING LTD 8.22% 9988 KYG017191142 33,100 506,418
4 MEITUAN-CLASS B 8.01% 3690 KYG596691041 16,500 493,442
5 XIAOMI CORP-CLASS B 7.88% 1810 KYG9830T1067 207,800 485,832
6 SUNNY OPTICAL TECH 7.60% 2382 KYG8586D1097 17,500 468,495
7 JD.COM INC - CL A 7.54% 9618 KYG8208B1014 12,510 464,738
8 JD HEALTH INTERN 4.84% 6618 KYG5074A1004 33,100 298,281
9 NETEASE INC 4.38% 9999 KYG6427A1022 14,000 270,127
10 HAIER SMART HOME CO LTD-H 4.38% 6690 CNE1000048K8 65,000 269,703

Holdings are subject to change.