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KBND

KraneShares Bloomberg China Bond Inclusion UCITS ETF

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Investment Strategy:

KBND is benchmarked to the Bloomberg China Treasury and Policy Bank 9% Capped Index, which is designed to track the performance of China’s onshore renminbi-denominated government and government-related bond market. The Fund seeks to invest at least 80% of its assets in a basket of fixed income securities issued by either China’s Ministry of Finance itself or government-owned banks within China.

KBND Overview:

  • Invests in treasuries (i.e. government bonds) and attempts to provide attractive yields relative to other government bond markets with a monthly distribution.
  • KBND offers access to the securities being included in Bloomberg broad fixed income indexes and investment opportunities within the second largest bond market in the world.
  • For investors seeking diversification within their global government bond allocations, KBND offers low correlations to other major government bond markets.

Bloomberg China Bond Inclusion Overview:

  • The inclusion process began in April 2019 and is expected to conclude at the end of 2020.
  • The market estimates nearly $150 billion of fund inflows into China’s $13 trillion onshore bond market.1
  • China’s government bonds are a focus of the inclusion and China has already replaced South Korea as the top issuer by weight within the Bloomberg Emerging Market Local Currency Government Bond Index.

1. Financial Times, “Bloomberg adds Chinese government bonds to flagship index”, 31/03/2019.

Listings

Data as of 30/Jun/2022
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KBND LN USD 26/May/2020 BLP5299 IE00BLM1CC35

Each share class is offered in the base currency noted above. To the extent the fund holds exposure to any positions in a currency different to the base currency, that position is unhedged.

Daily Performance

Data for USD share class as of 30/Jun/2022
NAV
Net Asset Value$24.63 
Daily Change -0.05%

Performance History

Cumulative %
Data for USD share class as of: 30/Jun/2022
Fund NAV Index
1 Month -0.56% -0.64%
3 Month -3.96% -4.38%
6 Month -3.25% -3.30%
Since Inception 10.23% 12.69%
Avg Annualized %
Data for USD share class as of quarter end: 30/Jun/2022
Fund NAV Index
1 Year 0.79% 1.49%
Since Inception 4.72% 5.83%

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 30/Jun/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CGB 4.22 03/19/48 15.06% CND10000LMZ8 1,680,000 287,517
2 CGB 4 06/24/69 14.93% CND10002CGX0 1,680,000 284,964
3 CGB 3.54 08/16/28 13.75% CND10001L774 1,680,000 262,409
4 CGB 3.03 03/11/26 7.94% CND100045210 1,000,000 151,492
5 CGB 2.47 09/02/24 7.84% CND10004LLJ6 1,000,000 149,623
6 CGB 2.89 11/18/31 7.82% CND10004NXW0 1,000,000 149,273
7 ADBCH 4.37 05/25/23 6.70% CND100010JJ8 840,000 127,888
8 EXIMCH 3.04 03/08/23 6.37% CND100045822 810,000 121,649
9 SDBC 3 02/05/23 6.21% CND100042PY7 790,000 118,499
10 CGB 2.37 01/20/27 6.18% CND10004R114 800,000 117,866

Holdings are subject to change.