Growth of USD 10,000



Fund Documents


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

Daily Performance

Data for USD share class as of 11/Jul/2024
Daily Net Asset Value (NAV)
NAV $20.94
NAV Daily Change 2.20%

Performance History

Cumulative %
Data for USD share class as of: 30/Jun/2024
Fund NAV Index
1 Month -2.06% -2.11%
3 Month 2.92% 2.94%
6 Month -2.62% -2.38%
YTD -2.62% -2.38%
Since Inception -18.20% -15.14%
Avg Annualized %
Data for USD share class as of quarter end: 30/Jun/2024
Fund NAV Index
1 Year -10.74% -10.34%
3 Year -21.20% -20.69%
Since Inception -4.45% -3.66%

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.

Growth of USD 10,000

Data as of 11/Jul/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 12/Jul/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 9.50% 700 KYG875721634 4,800 244,076
2 CHINA CONSTRUCTION BANK-H 8.66% 939 CNE1000002H1 307,000 222,561
3 ALIBABA GROUP HOLDING LTD 8.49% 9988 KYG017191142 21,724 218,147
4 IND & COMM BK OF CHINA-H 4.65% 1398 CNE1000003G1 208,000 119,353
5 BYD CO LTD-H 4.30% 1211 CNE100000296 3,500 110,549
6 NETEASE INC 4.24% 9999 KYG6427A1022 5,900 108,820
7 JD.COM INC-CLASS A 3.63% 9618 KYG8208B1014 6,500 93,245
8 BAIDU INC-CLASS A 3.55% 9888 KYG070341048 7,150 91,122
9 CHINA MERCHANTS BANK-H 2.22% 3968 CNE1000002M1 12,500 56,997
10 Cash 2.11% 54,326 54,326

Holdings are subject to change.


Data as of 11/Jul/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.