Overview

Performance

Growth of USD 10,000

Holdings

Listings

Fund Documents

Overview

Investment Strategy:

KESG seeks to track the MSCI China ESG Leaders 10/40 Index. The MSCI China ESG Leaders 10/40 Index aims to provide exposure to companies with high Environmental, Social and Governance (ESG) ratings relative to their sector peers. The MSCI China ESG Leaders 10/40 Index consists of large and mid-cap companies in China. In order to ensure diversification, the Index is designed to limit individual constituent weights to 10% and sector weights to 40% of its composition.

KESG has been classified as an Article 8 investment under the EU Sustainable Finance Disclosure Regulation (SFDR).

China’s ESG Highlights:

  • Chinese domestic investors and issuers are moving fast to incorporate ESG considerations in their decision making, driven by strong regulatory initiatives to promote ESG practices and disclosures.
  • China’s commitment to stricter environmental mandates and conservation efforts is necessary to achieve national goals of sustained economic growth. Consequently, China now is the world leader in total renewable energy capacity, at approximately 31% of total global capacity1.
  • China’s economic and technological transformation drives demand for a more educated workforce. In recent years, many Chinese companies in knowledge-intensive sectors have improved their talent programs, which has in turn upgraded their MSCI ESG Rating.
  • Greater inclusion of China’s capital markets internationally creates more of an incentive to align shareholder rights and governance policies with global standards, paving the way for Chinese companies to develop a more diversified shareholder structure.

KESG Features:

  • Benchmarked to an MSCI ESG Index: MSCI has over 40 years of experience measuring and modelling ESG performance of companies and was voted 'Best Firm for SRI research' for the last four years2
  • As companies with high ESG scores have proven to consistently outperform their peers in China, investors do not necessarily have to compromise returns for investing based on beliefs.

1. REN21’s Renewables 2019 Global Status Report (GSR)
2. Data from MSCI as of 12/20/2021

Fund Details

Data as of 17/Apr/2024
Ticker KESG
Primary SEDOL BJVRFQ3
Primary ISIN IE00BKPT4N29
Net Assets $3,277,015
Total Annual Fund Operating Expense 0.40%
Inception Date 03/Feb/2020
Distribution Frequency Accumulating
SFDR Classification Article 8

Daily Performance

Data for USD share class as of 17/Apr/2024
Daily Net Asset Value (NAV)
NAV $19.28
NAV Daily Change 0.16%

Performance History

Cumulative %
Data for USD share class as of: 31/Mar/2024
Fund NAV Index
1 Month -1.39% -1.31%
3 Month -5.38% -5.17%
6 Month -10.94% -10.63%
YTD -5.38% -5.17%
Since Inception -20.52% -17.56%
Avg Annualized %
Data for USD share class as of quarter end: 31/Mar/2024
Fund NAV Index
1 Year -20.46% -19.90%
3 Year -19.74% -19.19%
Since Inception -5.37% -4.54%

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.

Topics:

Growth of USD 10,000

Data as of 17/Apr/2024

The Growth of USD 10,000 chart reflects an initial investment of USD 10,000 in the Fund's USD share class on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of USD 10,000 chart since inception, the initial investment of USD 10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a USD 10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 18/Apr/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 9.53% 700 KYG875721634 8,100 314,834
2 CHINA CONSTRUCTION BANK-H 8.62% 939 CNE1000002H1 459,000 284,840
3 ALIBABA GROUP HOLDING LTD 8.51% 9988 KYG017191142 32,424 281,118
4 NETEASE INC 5.13% 9999 KYG6427A1022 9,300 169,694
5 IND & COMM BK OF CHINA-H 4.35% 1398 CNE1000003G1 274,000 143,795
6 JD.COM INC-CLASS A 4.24% 9618 KYG8208B1014 11,200 140,223
7 BYD CO LTD-H 3.97% 1211 CNE100000296 5,000 131,136
8 BAIDU INC-CLASS A 3.96% 9888 KYG070341048 10,950 130,801
9 LI AUTO INC-CLASS A 2.44% 2015 KYG5479M1050 5,500 80,623
10 CHINA MERCHANTS BANK-H 2.40% 3968 CNE1000002M1 19,000 79,212

Holdings are subject to change.

Listings

Data as of 17/Apr/2024
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KESG LN USD 04/Feb/2020 BJVRFQ3 IE00BKPT4N29
Borsa Italiana KESG IM EUR 13/Oct/2022 — IE00BKPT4N29
Deutsche Börse Xetra KESG EUR 10/Oct/2023 — IE00BKPT4N29

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.

Fund Documents

©2024 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.

Investors should note that, relative to the expectations of the Autorité des Marchés Financiers, KraneShares MSCI China ESG Leaders UCITS ETF presents disproportionate communication on the consideration of non-financial criteria in its investment policy.

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 etc.) 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.

The views and opinions expressed in this material are those of the authors Krane Fund Advisors. These opinions have been given in good faith but are subject to change without notice. It is the responsibility of the investor to evaluate the accuracy, completeness and usefulness of any opinions, advice, services, or other information provided.

This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information, including historical and the most recent month-end performance, can be found in the Fund Literature (Prospectus, Supplement, KIID, PRIIP), which may be obtained at our website www.kraneshares.eu or at the website of our management company www.waystone.com. KIID and PRIIP documents are available in the language of any Member State where such fund is distributed.

Krane Funds Advisors, LLC is appointed to act as investment manager in accordance with the requirements of the Central Bank. Waystone Management Company (IE) Limited is appointed to provide management services to the ICAV in accordance with the requirements of the Central Bank. The Management Company may decide to terminate the arrangements made for the marketing of the Fund in accordance with Article 93a of Directive 2009/65/EC.

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Disclaimer: 

  • This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. 
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