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KBA

KraneShares MSCI China A Share UCITS ETF

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Investment Strategy:

KBA is benchmarked to the MSCI China A Index which captures large and mid-cap representation across China securities listed on the Shanghai and Shenzhen exchanges (A-shares). Over the coming years, MSCI will complete the incremental inclusion of China A-shares into their Global Standard Indexes, including the MSCI Emerging Markets Index, which may potentially benefit the securities KBA holds today. The MSCI China A Index is designed for global investors accessing the A-share market using the Stock Connect framework and is calculated using China A Stock Connect listings based on the offshore RMB exchange rate (CNH).

KBA features:

  • Access to the Shanghai and Shenzhen Stock Exchanges - historically unavailable to U.S. investors - via Stock Connect Programs.
  • KBA's benchmark, The MSCI China A Index, reflects a 20% inclusion factor for China A large-cap, mid-cap, and eligible ChiNext shares within the MSCI Emerging Markets Index.
  • With over $1.8 trillion1 benchmarked to the MSCI Emerging Markets Index, full inclusion of Mainland Chinese equities could see significant flows into the securities KBA owns today.

1.) As of 30 June 2018, as reported on 30 September 2018 by eVestment, Morningstar and Bloomberg. Retrieved 31/Mar/2020.

Fund Details

Data as of 03/03/2021
TickerKBA
Listings ISE, LSE
SEDOLBJ9JTF8
ISINIE00BJLFK515
Net Assets$41,113,692
Total Annual Fund Operating Expense 0.40%
Inception Date26/06/2019
Distribution FrequencyAccumulating

Fund Documents

Daily Performance

Data as of 03/03/2021
NAV
Net Asset Value$39.65 
Daily Change 1.93%

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

Cumulative %
Data as of: 02/28/2021		 Fund NAV Index
1 Month-1.63% -1.50%
3 Month9.93% 10.18%
6 Month14.51% 15.60%
Since Inception54.96% 59.01%
Avg Annualized %
Data as of month end: 02/28/2021		 Fund NAV
1 Year47.47% 49.73%
Since Inception29.83% 31.81%
Avg Annualized %
Data as of quarter end: 12/31/2020		 Fund NAV Index
1 Year40.50% 43.20%
Since Inception31.81% 33.79%

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 03/03/2021
Full Holdings .CSV
Rank Company Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 6.27% 600519 CNE0000018R8 7,800 2,579,588
2 CHINA MERCHANTS BANK-A 2.60% 600036 CNE000001B33 131,093 1,069,076
3 WULIANGYE YIBIN CO LTD-A 2.57% 000858 CNE000000VQ8 23,986 1,057,552
4 PING AN INSURA-A 2.24% 601318 CNE000001R84 68,800 922,359
5 CONTEMPORARY A-A 1.95% 300750 CNE100003662 14,800 799,673
6 CHINA TOURISM-A 1.52% 601888 CNE100000G29 12,490 626,353
7 JIANGSU HENGRU-A 1.29% 600276 CNE0000014W7 33,880 530,651
8 INDUSTRIAL BANK CO LTD -A 1.29% 601166 CNE000001QZ7 131,974 529,666
9 FOSHAN HAITIAN-A 1.11% 603288 CNE100001SL2 17,180 454,430
10 S F HOLDING CO LTD-A 1.09% 002352 CNE100000L63 28,400 447,497

Holdings are subject to change.

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©2021 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume.

Narrowly focused investments typically exhibit higher volatility. Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions. Such changes may have an adverse impact on performance.

This material is for information only and does not constitute an offer or recommendation to buy or sell any investment, or subscribe to any investment management or advisory service. It is not, under any circumstances, intended for distribution to the general public. You are accessing information which constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 ("FSMA"). In relation to the United Kingdom, this information is only directed at, and may only be distributed to, persons who are “Investment Professionals” (being persons having professional experience in matters relating to investments) within the meaning of article 19(5) of the FSMA (Financial Promotion) Order 2005 (the “Financial Promotion Order ”), persons to whom any of paragraphs (2)(a) to (d) of article 49 (high net worth companies, unincorporated associations eatc.) of the financial promotion order apply, or persons to whom distribution may otherwise lawfully be made.

Any investment, and investment activity or controlled activity, to which this information relates is available only to such persons and will be engaged in only with such persons. Persons that do not have professional experience should not rely or act upon this information unless they are persons to whom any of paragraphs (2)(a) to (d) of article 49 apply to whom distribution of this information may otherwise lawfully be made.

For additional fund documentation, please visit www.DMSGovernance.com

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