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KSTR

KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF

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Investment Strategy:

KSTR seeks to track the performance of the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board 50 Index. The Index is comprised of the 50 largest companies listed on the SSE Science and Technology Innovation Board (STAR Market) as determined by market capitalization and liquidity.

STAR Market Highlights:

  • Facilitates the fast-tracking of private science and technology companies to an initial public offering (IPO).
  • Since its establishment in July 2019, the STAR Market has become one of the largest IPO markets globally1 and a premier listing venue for prominent Chinese unicorns (privately held startup companies valued at over $1 billion).
  • Recent increases in fund-raising activity on Chinese exchanges can largely be attributed to the STAR Market, which accounted for 47% of capital raised across China’s Mainland A-Share market in 20202.
  • Potential inclusion in the SSE Composite Index and Shanghai-Hong Kong Stock Connect could result in greater flows for STAR Market securities.

KSTR Features:

  • Exposure to companies poised to be China’s future leaders across industries that could represent the growth engine of China for decades to come.
  • Innovation-driven science and technology companies in China that offer a potential source of uncorrelated, long-term growth.
  • Includes companies from industries such as new-generation information technology, biomedicine, new energy, and environmental protection.

1. YiCai Global, “China’s Year-Old Star Market Outshines the Venerable Nasdaq”, 2020/Jul/23.
2. The Asset, “A bumper IPO year despite Covid-19”, 2020/Dec/14.

Listings

Data as of 30/Jun/2022
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KSTR LN USD 26/May/2021 BMBNL20 IE00BKPJY434
Borsa Italiana KSTR IM EUR 21/Jul/2021 IE00BKPJY541

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$19.15 
Daily Change 1.48%

Performance History

Cumulative %
Data for USD share class as of: 30/Jun/2022
Fund NAV Index
1 Month 6.57% 6.36%
3 Month -3.77% -3.77%
6 Month -25.80% -24.54%
Since Inception -23.40% -22.44%
Avg Annualized %
Data for USD share class as of quarter end: 30/Jun/2022
Fund NAV Index
1 Year -33.55% -32.67%
Since Inception -21.54% -20.65%

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 TRINA SOLAR CO LTD-A 8.44% 688599 CNE100003ZR0 25,343 246,656
2 ADVANCED MICRO-A 5.15% 688012 CNE100003MM9 8,646 150,565
3 BEIJING KINGSO-A 4.34% 688111 CNE100003PM2 4,313 126,813
4 NINGBO RONBAY -A 4.15% 688005 CNE100003MS6 6,287 121,385
5 JIANGSU CNANO -A 3.76% 688116 CNE100003P90 4,345 109,840
6 CHINA RESOURCE-A 3.72% 688396 CNE100003S06 12,347 108,788
7 MONTAGE TECHNO-A 3.28% 688008 CNE100003MN7 10,596 95,747
8 SHANGHAI JUNSH-A 3.11% 688180 CNE1000041Z1 8,085 90,857
9 WESTERN SUPERCON 3.06% 688122 CNE100003MF3 6,511 89,543
10 NATIONAL SILIC-A 2.98% 688126 CNE1000040F5 25,444 87,214

Holdings are subject to change.