OBOR

KraneShares MSCI One Belt One Road ETF

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Investment Strategy:

The KraneShares MSCI One Belt One Road ETF (ticker: OBOR) seeks to provide investment results that track the price and yield performance of the MSCI Global China Infrastructure Exposure Index. The Index aims to identify potential beneficiaries of the One Belt One Road initiative based on how their geography, revenue, and sector attributes align with the broad theme. OBOR seeks to capture the economic growth and monetize the potential upside for the companies involved in China’s One Belt One Road initiative.

OBOR Initiative Facts:

  • The One Belt One Road (OBOR) initiative, established by President Xi Jinping of China, is an extensive long-term infrastructure initiative modernizing the original Silk Road trading routes by land and by sea.
  • China has signed cooperation agreements with 134 countries and international organizations1, which, including China, represent 78% of the global population and 41% of global GDP2.
  • The OBOR initiative could see upwards of $6 trillion in investment in the coming years and is poised to reshape global trade3.

OBOR ETF Highlights:

  • Includes countries who may benefit from the OBOR initiative, such as China, Russia, Singapore , Malaysia, Israel, and others.
  • Includes sectors of primary focus to the OBOR initiative, such as industrials, utilities, materials, financials, and energy.
  • Benchmarked to MSCI, a global leader in international indexing.

1.) “The Belt and Road Initiative: Country Profiles”, HKTDC.com as of 3/31/2019
2.) Data from the World Bank as of 12/31/2017, last updated 3/21/2019, retrieved 3/31/2019.
3.) “One Belt, One Road”: China's New Global Strategy, Journal of Contemporary East Asia Studies, 3/28/2017, retrieved 3/31/2019.

Fund Details

Data as of 09/13/2019
TickerOBOR
Primary ExchangeNYSE
CUSIP500767868
ISINUS5007678684
Net Assets$18,710,642
Total Annual Fund Operating Expense (Gross)0.80%
Total Annual Fund Operating Expense (Net)0.78%*
Inception Date9/07/2017
Distribution FrequencyAnnual

Daily Performance

Data as of 09/13/2019
Premium Discount Chart
NAV
Net Asset Value$23.39 
Daily Change0.37%
Price
Closing Price$23.27 
Daily Change0.22%

Performance History

Distributions
Cumulative %
Data as of: 08/31/2019
Fund NAVClosing PriceIndex
1 Month-5.75%-5.10%-5.77%
3 Month-0.31%-1.03%-0.24%
6 Month-5.18%-5.43%-4.83%
Since Inception-8.09%-8.85%-6.31%
Avg Annualized %
Data as of month end: 08/31/2019
Fund NAVClosing PriceIndex
1 Year-2.04% -2.22%-1.39%
Since Inception-4.17% -4.57%-3.24%
Avg Annualized %
Data as of quarter end: 06/30/2019
Fund NAVClosing PriceIndex
1 Year5.63%5.76%6.12%
Since Inception-1.04% -1.32%0.00%

*Fee waivers are contractual and in effect until 7/31/18

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 09/13/2019
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
MMC NORILSK NICKEL PJSC
6.47%GMKN RM4,9641,209,695
2
OCBC BANK
5.27%OCBC SP122,024986,645
3
ROSNEFT OIL CO PJSC
4.49%ROSN RM131,520839,766
4
CHINA YANGTZE-A
3.56%600900 C1248,593666,275
5
PCHEM
2.79%PCHEM MK293,700522,588
6
JG SUMMIT HOLDINGS INC
2.57%JGS PM335,560481,588
7
PTT GLOBAL CH-F
2.53%PTTGC/F TB263,600474,038
8
IMPALA PLATINUM
2.45%IMP SJ77,649458,270
9
ISRAEL CHEMICALS LTD
2.22%ICL IT86,716414,507
10
CHINA STATE -A
2.12%601668 C1479,339397,342

Holdings are subject to change.