Overview

Performance

Growth of USD 10,000

Holdings

Listings

Fund Documents

Overview

Investment Strategy:

The KraneShares MSCI China Clean Technology Index ETF (KGRN) is a passively managed fund that seeks to track the performance of the MSCI China IMI Environment 10/40 (USD Net) Index. The Index is comprised of securities that derive at least 50% of their revenues from environmentally beneficial products and services. The Index is based on four key Clean Technology environmental themes: Alternative Energy, Sustainable Water, Pollution Prevention and Energy Efficiency. The Index aims to serve as a benchmark for investors seeking exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. Constituent selection is based on data from MSCI Environmental, Social, and Governance (ESG).

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

China’s Environmental Protection Highlights:

  • China is projected to account for nearly 60% of new renewable energy capacity that is expected to come online globally by 20281.
  • China is expected to have renewable energy account for over 40% of its electricity consumption by 20271.
  • China plans to hit peak emissions before 2030 and reach carbon neutrality by 20602. In 2021, China launched its national emission trading scheme (ETS)—now the largest carbon market in the world, which should help the country meet its emission reduction goals.
  • Historically, China has a proven track record of achieving ambitious long term renewable energy goals set forth within The Five-Year Plan.​

KGRN Features:

  • Access to China’s fast-growing environmental protection industry that has rapidly become the largest renewable energy market in the world1.
  • Exposure to companies that stand to benefit from China’s increased focus and spending on clean energy technologies.​

1. IEA 2024. “Renewables 2023: Analysis and forecasts to 2028,” International Energy Agency (IEA). January 2024. Retrieved on 30/Jun/2024.
2. Reuters, “China pledges to achieve CO2 emissions peak before 2030, carbon neutrality before 2060 –Xi”, 22/Sep/2020. Retrieved on 30/Jun/2024.

Fund Details

Data as of 19/Dec/2024
Ticker KGRN
Primary SEDOL BQT53D1
Primary ISIN IE000Y61WD48
Net Assets $1,167,542
Total Annual Fund Operating Expense 0.78%
Inception Date 12/Oct/2023
Distribution Frequency Accumulating
SFDR Classification Article 8

Daily Performance

Data for USD share class as of 19/Dec/2024
Daily Net Asset Value (NAV)
NAV $23.35
NAV Daily Change -1.10%

Performance History

Cumulative %
Data for USD share class as of: 30/Nov/2024
Fund NAV Underlying Index
1 Month -5.07% -5.03%
3 Month 12.91% 13.83%
6 Month 7.24% 8.35%
YTD -3.37% -2.32%
Since Inception -9.40% -8.01%
Avg Annualized %
Data for USD share class as of month end: 30/Nov/2024
Fund NAV Underlying Index
1 Year -1.82% -0.69%
Since Inception -8.30% -7.06%
Cumulative %
Data for USD share class as of quarter end: 30/Sep/2024
Fund NAV Underlying Index
Since Inception 1.60% 3.03%

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 19/Dec/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 20/Dec/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC-CLASS A 9.58% 2015 KYG5479M1050 9,300 111,557
2 CONTEMPORARY A-A 8.35% 300750 CNE100003662 2,700 97,197
3 XPENG INC-A SHRS 8.00% 9868 KYG982AW1003 14,900 93,151
4 BYD CO LTD-H 7.37% 1211 CNE100000296 2,500 85,865
5 CHINA YANGTZE-A 4.91% 600900 CNE000001G87 14,300 57,218
6 KINGDEE INTL SFT 4.69% 268 KYG525681477 47,000 54,595
7 NIO INC-CLASS A 4.33% 9866 KYG6525F1028 11,100 50,404
8 CGN POWER CO LTD-H 4.18% 1816 CNE100001T80 136,000 48,635
9 CHINA LONGYUAN-H 3.59% 916 CNE100000HD4 48,000 41,802
10 GDS HOLDINGS LTD-CL A 3.30% 9698 KYG3902L1095 15,900 38,493

Holdings are subject to change.

Listings

Data as of 19/Dec/2024
Exchange Ticker Currency Listing Date SEDOL ISIN
Deutsche Börse Xetra KGNE GY EUR 12/Oct/2023 BQT1MF4 IE000Y61WD48
London Stock Exchange KGRN LN USD 12/Oct/2023 BQT53D1 IE000Y61WD48
Borsa Italiana KGRN IM EUR 13/Oct/2023 BR2P551 IE000Y61WD48
London Stock Exchange KGNP LN GBP 11/Dec/2023 BP6MMP3 IE000Y61WD48

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.

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: 

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