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Trending ETFs

KraneShares CICC China Leaders 100 Index ETF

ETF
KFYP
Payout Change
Pending
Price as of:
$21.815 -0.36 -1.6%
primary theme
N/A
KFYP (ETF)

KraneShares CICC China Leaders 100 Index ETF

Payout Change
Pending
Price as of:
$21.815 -0.36 -1.6%
primary theme
N/A
KFYP (ETF)

KraneShares CICC China Leaders 100 Index ETF

Payout Change
Pending
Price as of:
$21.815 -0.36 -1.6%
primary theme
N/A

Name

As of 10/18/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.82

$4.87 M

0.74%

$0.16

0.69%

Vitals

YTD Return

-2.3%

1 yr return

5.3%

3 Yr Avg Return

-4.7%

5 Yr Avg Return

1.1%

Net Assets

$4.87 M

Holdings in Top 10

43.7%

52 WEEK LOW AND HIGH

$22.2
$21.82
$25.32

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 143.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 10/18/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.82

$4.87 M

0.74%

$0.16

0.69%

KFYP - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return -4.7%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.68%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    KraneShares CICC China Leaders 100 Index ETF
  • Fund Family Name
    Krane Funds Advisors, LLC
  • Inception Date
    Jul 22, 2013
  • Shares Outstanding
    300011
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Shelon

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its Underlying Index or in instruments that have economic characteristics similar to those in the Underlying Index. The Underlying Index includes the China A-Shares of 100 Chinese companies with high historical returns on equity, dividend yields and growth in net profits that have listed China A-Shares, as determined by the index provider, China Securities Index Co., Ltd (“CSI”). China A-Shares are Chinese renminbi (“RMB”)-denominated equity securities issued by companies incorporated in mainland China and listed on the Shenzhen or Shanghai Stock Exchanges.

As of each annual reconstitution of the Underlying Index: the “Index Universe” is comprised of all Chinese companies that offer China A-Shares, except those that have been listed for less than 500 trading days or are subject to trading suspensions. CSI first screens the Index Universe to exclude stocks of companies whose total liabilities exceed their total assets. CSI next excludes the bottom 70% of each industry group, as classified by CSI’s industry classification system, based on operating revenue, average daily float and average daily trading value during the prior year. CSI then calculates the average return on equity of each remaining stock during the prior five years, adjusts for variability, and removes the stocks in the bottom 50%. The 100 stocks with the highest average dividend yield and growth rate of net profits over the last five years are then included in the Underlying Index, weighted according to free-float market capitalization, subject to a 5% cap.

Direct investments in China A-Shares are possible only through the trading and clearing facilities of a participating exchange located outside of mainland China (“Stock Connect Programs”) or Qualified Foreign Investor (“QFI”) license. Exposure to A-Shares can also be obtained indirectly by investing in funds that invest in A-Shares. Currently, the Fund plans to achieve its investment objective principally by investing in China A-Shares through the Stock Connect Programs.

The Fund may invest up to 20% of its assets in instruments that are not included in the Underlying Index, but that the Fund’s investment adviser, Krane Funds Advisors, LLC (“Krane” or “Adviser”), believes will help the Fund track the Underlying Index. These investments may include equity securities and depositary receipts of issuers whose securities are not constituents of the Underlying Index, derivative instruments (including swaps, futures, forwards, structured notes and options), other investment companies (including exchange traded funds or “ETFs”) and cash or cash equivalents (including money market funds). The other investment companies in which the Fund may invest may be advised, sponsored or otherwise serviced by Krane and/or its affiliates.

In addition to China A-Shares, which are described above, the following China-related securities may be included in this 20% basket:

China B-Shares, which are shares of companies listed on the Shanghai or Shenzhen Stock Exchange but quoted and traded in foreign currencies (such as Hong Kong Dollars or U.S. Dollars), which were primarily created for trading by foreign investors.
China H-Shares, which are shares of companies incorporated in mainland China and listed on the Hong Kong Stock Exchange (“H-Shares”), where they are traded in Hong Kong dollars and may be traded by foreign investors.
China N-Shares, which are shares of companies with business operations in mainland China and listed on an American stock exchange, such as NYSE or NASDAQ (“N-Shares”).
P-Chips, which are shares of private sector companies with a majority of their business operations in mainland China and controlling private Chinese shareholders, which are incorporated outside of mainland China and traded on the Hong Kong Stock Exchange in Hong Kong dollars.
Red Chips, which are shares of companies with a majority of their business operations in mainland China and controlled by the central, provincial or municipal governments of the PRC, whose shares are traded on the Hong Kong Stock Exchange in Hong Kong dollars.
S-Chips, which are shares of companies with business operations in mainland China and listed on the Singapore Exchange. S-Chip shares are issued by companies incorporated anywhere, but many are registered in Singapore, the British Virgin Islands, the Cayman Islands, or Bermuda.

Although the Fund reserves the right to replicate (or hold all constituents of) the Underlying Index, the Fund expects to use representative sampling to track the Underlying Index. “Representative sampling” is a strategy that involves investing in a representative sample of securities that collectively have an investment profile similar to the Underlying Index.

As of May 31, 2023, the Underlying Index included 100 securities of companies with a market capitalization range of approximately $0.5 billion to $158.3 billion and had an average market capitalization of approximately $12.7 billion. The Underlying Index is rebalanced and reconstituted semi-annually.

The Fund is non-diversified. To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of May 31, 2023, issuers in the Financials sector (36.6%), Industrials sector (18.1%) and Consumer Discretionary sector (12.5%) each represented a significant portion of the Underlying Index.

The Fund may engage in securities lending.

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KFYP - Performance

Return Ranking - Trailing

Period KFYP Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -30.4% 19.8% 9.32%
1 Yr 5.3% -26.3% 17.4% 12.71%
3 Yr -4.7%* -31.9% 25.3% 4.72%
5 Yr 1.1%* -12.9% 13.7% 32.94%
10 Yr 3.5%* -5.0% 9.6% 18.03%

* Annualized

Return Ranking - Calendar

Period KFYP Return Category Return Low Category Return High Rank in Category (%)
2023 -23.5% -41.6% 20.8% 22.52%
2022 -6.4% -52.5% 39.8% 27.78%
2021 10.3% -21.7% 138.5% 85.11%
2020 31.0% -1.9% 47.0% 36.96%
2019 -35.1% -50.4% -5.1% 89.74%

Total Return Ranking - Trailing

Period KFYP Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -30.4% 19.8% 9.32%
1 Yr 5.3% -26.3% 17.4% 12.71%
3 Yr -4.7%* -31.9% 25.3% 4.72%
5 Yr 1.1%* -12.9% 13.7% 32.94%
10 Yr 3.5%* -5.0% 9.6% 18.03%

* Annualized

Total Return Ranking - Calendar

Period KFYP Return Category Return Low Category Return High Rank in Category (%)
2023 -19.8% -40.4% 25.8% 15.32%
2022 5.0% -48.9% 42.7% 16.67%
2021 13.3% -18.5% 138.5% 87.23%
2020 31.3% 4.2% 52.1% 45.65%
2019 -23.9% -39.5% -1.7% 76.92%

KFYP - Holdings

Concentration Analysis

KFYP Category Low Category High KFYP % Rank
Net Assets 4.87 M 1.13 M 6.93 B 82.20%
Number of Holdings 108 26 956 17.39%
Net Assets in Top 10 1.97 M 598 K 3.31 B 85.22%
Weighting of Top 10 43.74% 0.3% 81.8% 60.00%

Top 10 Holdings

  1. MIDEA GROUP CO LTD-A COMMON STOCK 5.62%
  2. CHINA YANGTZE POWER CO LTD-A COMMON STOCK 5.23%
  3. GREE ELECTRIC APPLIANCES I-A COMMON STOCK 5.16%
  4. BANK OF COMMUNICATIONS CO-A COMMON STOCK 4.98%
  5. CHINA MERCHANTS BANK-A COMMON STOCK 4.94%
  6. PING AN INSURANCE GROUP CO-A COMMON STOCK 4.54%
  7. CHINA STATE CONSTRUCTION -A COMMON STOCK 3.80%
  8. AGRICULTURAL BANK OF CHINA-A COMMON STOCK 3.54%
  9. CHINA VANKE CO LTD -A COMMON STOCK 3.00%
  10. POLY DEVELOPMENTS AND HOLD-A COMMON STOCK 2.93%

Asset Allocation

Weighting Return Low Return High KFYP % Rank
Stocks
99.58% 0.00% 100.47% 25.00%
Cash
0.42% 0.00% 99.02% 79.13%
Preferred Stocks
0.00% 0.00% 2.37% 67.83%
Other
0.00% -0.03% 47.32% 65.22%
Convertible Bonds
0.00% 0.00% 0.15% 68.42%
Bonds
0.00% 0.00% 69.90% 63.79%

KFYP - Expenses

Operational Fees

KFYP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.09% 12.20% 76.52%
Management Fee 0.68% 0.09% 1.50% 30.51%
12b-1 Fee 0.00% 0.00% 1.00% 30.23%
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

KFYP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

KFYP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KFYP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 143.00% 4.00% 241.00% 92.13%

KFYP - Distributions

Dividend Yield Analysis

KFYP Category Low Category High KFYP % Rank
Dividend Yield 0.74% 0.00% 26.20% 7.63%

Dividend Distribution Analysis

KFYP Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

KFYP Category Low Category High KFYP % Rank
Net Income Ratio 2.68% -1.76% 4.74% 7.02%

Capital Gain Distribution Analysis

KFYP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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KFYP - Fund Manager Analysis

Managers

Jonathan Shelon


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.83

3.8%

Jonathan Shelon, Managing Partner and Chief Operating Officer at Krane, also serves as a portfolio manager of each Fund and supports Mr. Schlarbaum and Krane’s investment team with respect to each Fund. Mr. Shelon has been a portfolio manager of each Fund since August 2018 (in the case of KraneShares CSI China Internet ETF, KraneShares Electric Vehicles and Future Mobility Index ETF, KraneShares Emerging Markets Consumer Technology Index ETF, KraneShares MSCI All China Healthcare Index ETF, KraneShares MSCI All China Index ETF, KraneShares MSCI China Environment Index ETF, KraneShares MSCI One Belt One Road Index ETF and KraneShares Zacks New China ETF) or since inception (in the case of KraneShares Emerging Markets Healthcare Index ETF, KraneShares MSCI All China Consumer Discretionary Index ETF, KraneShares MSCI All China Consumer Staples Index ETF and KraneShares MSCI China A Inclusion Hedged Index ETF,). Mr. Shelon joined Krane in 2015 as a Managing Partner. Mr. Shelon has spent the majority of his career managing investment portfolios and diverse teams at leading asset management organizations. Most recently, he was the Chief Investment Officer of a 40-person global Specialized Strategies Team at J.P. Morgan with $40 billion AUM. Prior to joining J.P. Morgan, Mr. Shelon spent ten years as a portfolio manager at Fidelity Investments since 2001 where he was responsible for the investment performance, process and evolution of their target-date strategies for retirement savings, college savings and income generation. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.

James Maund


Start Date

Tenure

Tenure Rank

Jan 14, 2020

2.38

2.4%

James Maund, Head of Capital Markets at Krane Funds Advisors LLC. He joined the Krane Funds Advisors in 2020 and has been in the investment management industry since 2005. Previously, he was a Vice President in the Institutional ETF Group and a member of the ETF Capital Markets Group at State Street Global Advisors (2010-2019); and an ETF trader at Goldman Sachs & Co (2005-2010). Mr. Maund graduated with a bachelor’s degree in economics from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.73 3.22