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Trending ETFs

Name

As of 04/19/2024

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

$21.56

$190 M

2.25%

$0.48

0.78%

Vitals

YTD Return

4.1%

1 yr return

-13.2%

3 Yr Avg Return

-12.9%

5 Yr Avg Return

-2.0%

Net Assets

$190 M

Holdings in Top 10

45.8%

52 WEEK LOW AND HIGH

$21.7
$18.71
$25.47

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 04/19/2024

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

$21.56

$190 M

2.25%

$0.48

0.78%

KBA - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return -12.9%
  • 5 Yr Annualized Total Return -2.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    KraneShares Bosera MSCI China A 50 Connect Index ETF
  • Fund Family Name
    Krane Funds Advisors, LLC
  • Inception Date
    Mar 04, 2014
  • Shares Outstanding
    15401568
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Qiong Wan

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of the Underlying Index and other instruments that have economic characteristics similar to such securities, including depositary receipts. The Underlying Index reflects the large- and mid-cap Chinese renminbi (“RMB”)-denominated equity securities listed on the Shenzhen or Shanghai Stock Exchanges (“A-Shares”) that are accessible through the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect programs (together, the “Stock Connect Programs”). The Underlying Index is constructed by selecting the two securities with the largest weights in each of the 11 Global Industry Classification Standard (GICS®) sectors in the large-capitalization portion of the MSCI China A Index (the “Parent Index”). The remaining securities are selected from the Parent Index by largest security weight until the total security count reaches 50. The Underlying Index constituents are then weighted based on (a) the free-float market capitalization weights of the Parent Index and (b) the GICS sector weight allocation of the Parent Index.

A-Shares are issued by companies incorporated in mainland China. Under current regulations in the People’s Republic of China (“China” or the “PRC”), foreign investors can invest in A-Shares only through certain institutional investors that have obtained a license from the Chinese regulators or through the Stock Connect Programs. Bosera Asset Management (International) Co., Ltd. (“Bosera”), the Fund’s sub-adviser, has received a license as a Qualified Foreign Investor (“QFI”) from the China Securities Regulatory Commission (“CSRC”). In addition, the Fund may invest in 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 Krane and/or Bosera 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, Bosera and/or its affiliates.

In addition to China A-Shares, which are described above, the Fund may invest in the following China-related securities:

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 a representative sampling strategy 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 that of the Underlying Index.

As of May 31, 2023, the Underlying Index included 50 securities of companies with a market capitalization range of approximately $3.2 billion to $46.9 billion and an average market capitalization of approximately $12.2 billion. The Underlying Index is rebalanced and reconstituted quarterly.

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 Financial sector (18.96%), Industrial sector (16.24%), and Consumer Staples sector (15.22%) represented a significant portion of the Underlying Index. The Underlying Index is provided by MSCI, Inc. (“Index Provider”).

The Fund may engage in securities lending.

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KBA - Performance

Return Ranking - Trailing

Period KBA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -20.9% 5.8% 8.08%
1 Yr -13.2% -34.3% 16.2% 33.33%
3 Yr -12.9%* -28.0% 0.6% 8.89%
5 Yr -2.0%* -16.7% 12.8% 24.00%
10 Yr 4.3%* -5.1% 8.3% 16.36%

* Annualized

Return Ranking - Calendar

Period KBA Return Category Return Low Category Return High Rank in Category (%)
2023 -18.8% -26.6% 26.3% 52.53%
2022 -41.3% -41.6% -9.4% 98.91%
2021 -5.4% -52.5% 26.5% 24.72%
2020 40.7% 1.3% 138.5% 37.66%
2019 33.4% -1.9% 42.6% 24.00%

Total Return Ranking - Trailing

Period KBA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -20.9% 5.8% 8.08%
1 Yr -13.2% -34.3% 16.2% 33.33%
3 Yr -12.9%* -28.0% 0.6% 8.89%
5 Yr -2.0%* -16.7% 12.8% 24.00%
10 Yr 4.3%* -5.1% 8.3% 16.36%

* Annualized

Total Return Ranking - Calendar

Period KBA Return Category Return Low Category Return High Rank in Category (%)
2023 -16.8% -25.7% 30.1% 51.52%
2022 -27.2% -40.4% -6.8% 58.70%
2021 3.3% -48.9% 29.5% 21.35%
2020 41.6% 2.0% 138.5% 53.25%
2019 35.4% 7.8% 44.4% 17.33%

KBA - Holdings

Concentration Analysis

KBA Category Low Category High KBA % Rank
Net Assets 190 M 1.04 M 5.43 B 22.22%
Number of Holdings 92 27 1185 17.71%
Net Assets in Top 10 130 M 534 K 3.2 B 20.83%
Weighting of Top 10 45.76% 4.9% 81.8% 46.88%

Top 10 Holdings

  1. KWEICHOW MOUTAI CO LTD-A COMMON STOCK 7.79%
  2. CONTEMPORARY AMPEREX TECHN-A COMMON STOCK 6.15%
  3. WANHUA CHEMICAL GROUP CO -A COMMON STOCK 5.29%
  4. ZIJIN MINING GROUP CO LTD-A COMMON STOCK 4.89%
  5. LUXSHARE PRECISION INDUSTR-A COMMON STOCK 4.45%
  6. BYD CO LTD -A COMMON STOCK 3.89%
  7. FOXCONN INDUSTRIAL INTERNE-A COMMON STOCK 3.65%
  8. CHINA YANGTZE POWER CO LTD-A COMMON STOCK 3.35%
  9. CHINA MERCHANTS BANK-A COMMON STOCK 3.16%
  10. LONGI GREEN ENERGY TECHNOL-A COMMON STOCK 3.13%

Asset Allocation

Weighting Return Low Return High KBA % Rank
Stocks
99.52% 0.00% 101.98% 26.80%
Cash
0.48% 0.00% 26.31% 77.08%
Preferred Stocks
0.00% 0.00% 2.81% 84.38%
Other
0.00% -0.02% 47.32% 81.25%
Convertible Bonds
0.00% 0.00% 0.15% 84.21%
Bonds
0.00% 0.00% 69.90% 84.54%

Stock Sector Breakdown

Weighting Return Low Return High KBA % Rank
Financial Services
18.42% 0.00% 41.62% 18.95%
Consumer Defense
16.73% 0.00% 20.13% 10.53%
Industrials
14.68% 0.00% 36.69% 35.79%
Technology
13.81% 0.00% 58.02% 37.89%
Consumer Cyclical
10.29% 0.00% 95.37% 83.16%
Basic Materials
8.98% 0.00% 19.86% 14.74%
Healthcare
8.78% 0.00% 100.00% 44.21%
Energy
2.66% 0.00% 19.38% 14.74%
Utilities
2.43% 0.00% 11.37% 24.21%
Real Estate
2.01% 0.00% 22.12% 61.05%
Communication Services
1.21% 0.00% 41.06% 77.89%

Stock Geographic Breakdown

Weighting Return Low Return High KBA % Rank
Non US
99.52% 0.00% 99.82% 7.29%
US
0.00% 0.00% 99.99% 72.92%

KBA - Expenses

Operational Fees

KBA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.09% 12.20% 81.25%
Management Fee 0.78% 0.09% 1.50% 35.35%
12b-1 Fee 0.00% 0.00% 1.00% 41.03%
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

KBA 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

KBA 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.

KBA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 4.00% 241.00% 34.57%

KBA - Distributions

Dividend Yield Analysis

KBA Category Low Category High KBA % Rank
Dividend Yield 2.25% 0.00% 10.08% 26.26%

Dividend Distribution Analysis

KBA Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

KBA Category Low Category High KBA % Rank
Net Income Ratio 0.74% -1.76% 3.66% 21.05%

Capital Gain Distribution Analysis

KBA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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KBA - Fund Manager Analysis

Managers

Qiong Wan


Start Date

Tenure

Tenure Rank

May 25, 2016

6.02

6.0%

Mrs. Qiong Wan, a Fund Manager at Bosera, worked in various capacities ranging from accounting to fund management. Mrs. Wan has more than ten years of work experience in the financial services industry and joined Bosera in March 2011 as a fund manager assistant on the Index & Quant Team. From December 2013 to June 2015, she served as a backup fund manager of the Bosera FTSE China A50 Index ETF, and from June 2015 to May 2016, she served as a fund manager on the Index & Quant Team. Mrs. Wan graduated with a Bachelor of Business Administration from Central South University in June 2004 and earned a Master of Science in Quantitative Economics from Central South University in May 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.68 3.22