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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

KraneShares Hang Seng TECH Index ETF

KTEC | ETF

$13.34

$5.3 M

0.70%

$0.09

0.69%

Vitals

YTD Return

15.6%

1 yr return

8.4%

3 Yr Avg Return

-11.2%

5 Yr Avg Return

N/A

Net Assets

$5.3 M

Holdings in Top 10

61.8%

52 WEEK LOW AND HIGH

$13.4
$9.32
$16.72

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

KraneShares Hang Seng TECH Index ETF

KTEC | ETF

$13.34

$5.3 M

0.70%

$0.09

0.69%

KTEC - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return -11.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    KraneShares Hang Seng TECH Index ETF
  • Fund Family Name
    Krane Funds Advisors, LLC
  • Inception Date
    Jun 08, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Maund

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its Underlying Index or in instruments that have economic characteristics similar to those in the Underlying Index. The Underlying Index is composed of the equity securities of the 30 technology companies with the largest free float market capitalization that are listed on the Hong Kong Stock Exchange with significant exposure to internet, fintech, cloud computing, e-commerce and digital technology. To be eligible for inclusion in the Underlying Index, companies must either (1) be “technology-enabled” (i.e., operate primarily on an internet or mobile platform); (2) have a research & development expenses-to-revenue ratio that is greater than or equal to 5%; or (3) have year-over-year revenue growth that is greater than or equal to 10%. Only Greater China companies (as defined below) in the industrials, consumer discretionary, healthcare, financials and information technology sectors are considered for inclusion in the Underlying Index. Greater China companies are defined as companies that either (a) are incorporated in Hong Kong, (b) derive 50% of their revenue from mainland China; or (c) have their headquarters or principal place of business in Hong Kong, Macau or mainland China. The Underlying Index components will be weighted according to their free float market capitalization, with no issuer representing more than 8% of the Underlying Index at the time the Underlying Index is rebalanced. The Underlying Index is rebalanced quarterly and reconstituted at least quarterly. For initial public offerings (“IPOs”), if the IPO ranks within the top ten of the existing constituents in the Underlying Index on the first day of the IPO’s trading and meets the other criteria, the IPO will be added to the Underlying Index approximately ten trading days after the IPO.

The Fund may invest up to 20% of its assets in instruments that are not included in the Underlying Index, but that Krane believes will help the Fund track the Underlying Index. These investments may include equity securities and depositary receipts of issuers whose securities are not components of the Underlying Index, derivative instruments (including swaps, futures, forwards, structured notes and options), other investment companies (including exchange traded funds or “ETFs”) and cash or cash equivalents (including money market funds). The other investment companies in which the Fund may invest may be advised, sponsored or otherwise serviced by Krane and/or its affiliates. The Fund will not purchase shares of an investment company if it would cause the Fund to (i) own more than 3% of such investment company’s voting shares; (ii) invest more than 5% of its total assets in such investment company; or (iii) invest more than 10% of its total assets in investment companies.

The Underlying Index invests primarily in China H Shares (as described below) and following additional China-related securities may represent investments of the Fund:

● China A-Shares, which are shares of companies incorporated in mainland China that are traded on the Chinese exchanges and denominated in domestic renminbi. China A-Shares are primarily purchased and sold in the domestic Chinese market. To the extent the Fund invests in China A-Shares, it expects to do so through the trading and clearing facilities of a participating exchange located outside of mainland China (“Stock Connect Programs”). A Qualified Foreign Investor (“QFI”) license may also be acquired to invest directly in China A-Shares.
● China B Shares, which are shares of companies listed on the Shanghai or Shenzhen Stock Exchange but quoted and traded in foreign currencies (such as Hong Kong Dollars or U.S. Dollars), which were primarily created for trading by foreign investors.
● China H Shares, which are shares of companies incorporated in mainland China and listed on the Hong Kong Stock Exchange (“H-Shares”), where they are traded in Hong Kong dollars and may be traded by foreign investors.
● China N Shares, which are shares of companies with business operations in mainland China and listed on an American stock exchange, such as NYSE or NASDAQ (“N-Shares”).
● P-Chips, which are shares of private sector companies with a majority of their business operations in mainland China and controlling private Chinese shareholders, which are incorporated outside of mainland China and traded on the Hong Kong Stock Exchange in Hong Kong dollars.
● Red Chips, which are shares of companies with a majority of their business operations in mainland China and controlled by the central, provincial or municipal governments of the PRC, whose shares are traded on the Hong Kong Stock Exchange in Hong Kong dollars.
● S-Chips, which are shares of companies with business operations in mainland China and listed on the Singapore Exchange. S-Chip shares are issued by companies incorporated anywhere, but many are registered in Singapore, the British Virgin Islands, the Cayman Islands, or Bermuda.

Although the Fund expects to replicate (or hold all constituents of) the Underlying Index, the Fund reserves the right to use representative sampling to track the Underlying Index. “Representative sampling” is a strategy that involves investing in a representative sample of securities that collectively have an investment profile similar to the Underlying Index.

As of May 31, 2024, the Underlying Index included 30 securities of companies with a market capitalization range of approximately $1.60 billion to $437.53 billion and an average market capitalization of approximately $38.36 billion.

The Fund is non-diversified. To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of May 31, 2024, issuers in the Information Technology sector (79.76%) and Consumer Discretionary sector (15.02%) represented significant portions of the Underlying Index.

The Underlying Index is provided by Hang Seng Indexes Company Limited (“Index Provider”).

The Fund may engage in securities lending.

Read More

KTEC - Performance

Return Ranking - Trailing

Period KTEC Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -16.7% 11.8% 93.85%
1 Yr 8.4% -35.2% 19.7% N/A
3 Yr -11.2%* -23.1% 23.2% N/A
5 Yr N/A* -18.1% 15.1% N/A
10 Yr N/A* -13.3% 11.9% N/A

* Annualized

Return Ranking - Calendar

Period KTEC Return Category Return Low Category Return High Rank in Category (%)
2023 -11.1% -40.5% 25.8% N/A
2022 -26.2% -28.6% 30.5% N/A
2021 N/A -6.6% 33.6% N/A
2020 N/A -34.7% 11.1% N/A
2019 N/A -13.7% 32.0% N/A

Total Return Ranking - Trailing

Period KTEC Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -26.8% 11.8% 95.38%
1 Yr 8.4% -35.2% 19.7% N/A
3 Yr -11.2%* -23.1% 23.2% N/A
5 Yr N/A* -16.2% 15.1% N/A
10 Yr N/A* -13.3% 11.9% N/A

* Annualized

Total Return Ranking - Calendar

Period KTEC Return Category Return Low Category Return High Rank in Category (%)
2023 -10.4% -40.5% 25.8% N/A
2022 -26.1% -28.6% 30.5% N/A
2021 N/A -6.6% 33.6% N/A
2020 N/A -34.7% 11.1% N/A
2019 N/A -13.7% 32.0% N/A

KTEC - Holdings

Concentration Analysis

KTEC Category Low Category High KTEC % Rank
Net Assets 5.3 M 1.4 M 6.58 B 85.50%
Number of Holdings 33 6 961 93.75%
Net Assets in Top 10 4.11 M 706 K 4.22 B 80.47%
Weighting of Top 10 61.82% 6.6% 99.9% 2.34%

Top 10 Holdings

  1. TENCENT HOLDINGS LTD COMMON STOCK 8.75%
  2. MEITUAN-CLASS B COMMON STOCK 8.70%
  3. XIAOMI CORP-CLASS B COMMON STOCK 8.25%
  4. ALIBABA GROUP HOLDING LTD COMMON STOCK 8.20%
  5. JD.COM INC-CLASS A COMMON STOCK 7.84%
  6. NETEASE INC COMMON STOCK 4.11%
  7. LENOVO GROUP LTD COMMON STOCK 4.03%
  8. KUAISHOU TECHNOLOGY COMMON STOCK 4.03%
  9. LI AUTO INC-CLASS A COMMON STOCK 3.98%
  10. TRIP.COM GROUP LTD COMMON STOCK 3.93%

Asset Allocation

Weighting Return Low Return High KTEC % Rank
Stocks 		90.59% 0.00% 102.18% 45.74%
Cash 		9.41% -2.18% 11.89% 51.56%
Preferred Stocks 		0.00% 0.00% 0.00% 48.44%
Other 		0.00% 0.00% 47.32% 57.81%
Convertible Bonds 		0.00% 0.00% 0.15% 52.34%
Bonds 		0.00% 0.00% 69.90% 51.94%

KTEC - Expenses

Operational Fees

KTEC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.09% 3.14% 72.31%
Management Fee 0.68% 0.09% 1.50% 30.53%
12b-1 Fee N/A 0.00% 1.00% 22.64%
Administrative Fee N/A 0.06% 0.26% N/A

Sales Fees

KTEC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

KTEC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KTEC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 278.00% N/A

KTEC - Distributions

Dividend Yield Analysis

KTEC Category Low Category High KTEC % Rank
Dividend Yield 0.70% 0.00% 22.09% 71.76%

Dividend Distribution Analysis

KTEC Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

KTEC Category Low Category High KTEC % Rank
Net Income Ratio N/A -1.76% 4.74% N/A

Capital Gain Distribution Analysis

KTEC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

KTEC - Fund Manager Analysis

Managers

James Maund

Start Date

Tenure

Tenure Rank

Jun 08, 2021

0.98

1.0%

James Maund, Head of Capital Markets at Krane Funds Advisors LLC. He joined the Krane Funds Advisors in 2020 and has been in the investment management industry since 2005. Previously, he was a Vice President in the Institutional ETF Group and a member of the ETF Capital Markets Group at State Street Global Advisors (2010-2019); and an ETF trader at Goldman Sachs & Co (2005-2010). Mr. Maund graduated with a bachelor’s degree in economics from Wesleyan University.

Jonathan Shelon

Start Date

Tenure

Tenure Rank

Jun 08, 2021

0.98

1.0%

Jonathan Shelon, Managing Partner and Chief Operating Officer at Krane, also serves as a portfolio manager of each Fund and supports Mr. Schlarbaum and Krane’s investment team with respect to each Fund. Mr. Shelon has been a portfolio manager of each Fund since August 2018 (in the case of KraneShares CSI China Internet ETF, KraneShares Electric Vehicles and Future Mobility Index ETF, KraneShares Emerging Markets Consumer Technology Index ETF, KraneShares MSCI All China Healthcare Index ETF, KraneShares MSCI All China Index ETF, KraneShares MSCI China Environment Index ETF, KraneShares MSCI One Belt One Road Index ETF and KraneShares Zacks New China ETF) or since inception (in the case of KraneShares Emerging Markets Healthcare Index ETF, KraneShares MSCI All China Consumer Discretionary Index ETF, KraneShares MSCI All China Consumer Staples Index ETF and KraneShares MSCI China A Inclusion Hedged Index ETF,). Mr. Shelon joined Krane in 2015 as a Managing Partner. Mr. Shelon has spent the majority of his career managing investment portfolios and diverse teams at leading asset management organizations. Most recently, he was the Chief Investment Officer of a 40-person global Specialized Strategies Team at J.P. Morgan with $40 billion AUM. Prior to joining J.P. Morgan, Mr. Shelon spent ten years as a portfolio manager at Fidelity Investments since 2001 where he was responsible for the investment performance, process and evolution of their target-date strategies for retirement savings, college savings and income generation. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.32 4.11 3.22

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