KFYP — KraneShares CICC China Leaders 100 Index ETF
Data updated: 2023-11-29
KFYP — KraneShares CICC China Leaders 100 Index ETF. Money Market · $4.54M AUM · 0.69% expense ratio. Holdings, fees, performance and SEC filings.
KFYP Fund Overview
KFYP — KraneShares CICC China Leaders 100 Index ETF is a US ETF managed by Krane Shares Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Krane Shares Trust
- Category: Money Market
- Assets under management: $4.54M
- 1-year return: 3.3%
- Ticker: KFYP
- SEC CIK: 0001547576
- SEC series ID: S000041203
- Share class ID: C000127792
KFYP Investment Objective and Strategy
KraneShares CICC China Leaders 100 Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Krane Shares Trust.
Investment objective
The KraneShares Zacks New China ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities index. The Funds current index is the Zacks New China Index (the Underlying Index).
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its total assets in securities of the Underlying Index or in depositary receipts representing securities of the Underlying Index. The Underlying Index takes a smart-beta approach to provide exposure to companies listed in Mainland China, Hong Kong and the United States whose primary business or businesses the index provider, Zacks Index Services (Zacks), has determined should benefit from the current Five-Year Plan (Plan) of the central Chinese government. The Underlying Index methodology identifies sectors expected to benefit from the Plan and ranks the stocks within each sector based on various investment factors, including price, cash flow, free cash flow, momentum and volatility. Based on the foregoing, 40 stocks are included in the Underlying Index.
As of each rebalance date, the top 10 largest capitalization stocks included in the Underlying Index each represent approximately 3.75% of the Underlying Index, the 20 middle capitalization stocks each represent approximately 2.5% of the Underlying Index, and the 10 smallest capitalization stocks each represent approximately 1.25% of the Underlying Index. As of each rebalance date, no sector will represent more than 40% of the Underlying Index. The Plan is a series of development initiatives that have been released by the Chinese government every five years since 1953. The Plan outlines the Chinese governments goals for, among other things, social and economic growth and industrial planning in key sectors and regions. The central Chinese government released the Thirteenth Five Year Plan (2016-2020) in March 2016.
The Thirteenth Five Year Plan emphasizes improving the lives of Chinese citizens, health care, technology, the environment, more competitive markets, agriculture, the military and education. The Underlying Index defines Chinese companies to include companies incorporated in China, companies with a majority of their business in China, companies headquartered in China, companies directly or indirectly controlled by an entity owned by a Chinese central, provincial or municipal government and companies listed for trading in Hong Kong with significant operations in China. The Fund may invest up to 20% of its assets in instruments that are not included in the Underlying Index, but that Krane Funds Advisors, LLC (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 and options contracts), other investment companies (including 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 following China-related securities may be included in the Underlying Index and/or represent investments of the Fund: ? China A-Shares, which are shares of companies incorporated in mainland China and traded on the Chinese exchanges. 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 Shanghai-Hong Kong Stock Connect Program or Shenzhen-Hong Kong Stock Connect Program (Stock Connect Programs). A Renminbi Qualified Foreign Institutional Investor (RQFII) or Qualified Foreign Institutional Investor (QFII) 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 reserves the right to replicate (or hold all components of) the Underlying Index, the Fund expects 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 June 30, 2018, the Underlying Index included 40 securities of companies with a market capitalization range of $886 million to $447.01 billion and had an average market capitalization of $24.45 billion. The Underlying Index is rebalanced annually. The Fund may engage in securities lending. 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 June 30, 2018, issuers in the information technology sector (29.69%), utilities sector (22.73%) and consumer discretionary sector (21.15%) each represented a significant portion of the Underlying Index.
KFYP Holdings
Top 10 holdings of KraneShares CICC China Leaders 100 Index ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| China Merchants Bank Co., Ltd. | 6.23% |
| Midea Group Co., Ltd. | 5.86% |
| Industrial Bank Co.,ltd. | 5.45% |
| Industrial And Commercial Bank Of China Limited | 4.91% |
| Gree Electric Appliances, Inc. of Zhuhai | 4.71% |
| Bank of Communications Co., Ltd. | 4.21% |
| Ping An Bank Co., Ltd. | 4.13% |
| China Vanke Co., Ltd. | 4.00% |
| China State Construction Engineering Corporation Limited | 3.68% |
| Tongwei Co.,ltd | 3.37% |
KFYP Portfolio Allocation
Asset-class allocation of KraneShares CICC China Leaders 100 Index ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
KFYP Performance
Total returns for KFYP (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.3% |
| 3 years (annualised) | -2.4% |
KFYP Risk Information
Risk metrics for KFYP, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.9%
KFYP Costs and Fees
KFYP costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.69%
- Portfolio turnover: 90%
- Brokerage commissions: 17.64 bps of average net assets (SEC N-CEN)
KFYP Cashflows
Over the 12 months to 2023-09, KraneShares CICC China Leaders 100 Index ETF had net inflows of $1.14M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $0 |
| 2023-08 | $0 |
| 2023-07 | $0 |
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | $1.14M |
KFYP Debt Constituents
No individual debt constituents are reported in KraneShares CICC China Leaders 100 Index ETF's latest SEC N-PORT filing.
KFYP Prospectus and SEC Filings
Official KraneShares CICC China Leaders 100 Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-30
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Annual census (N-CEN) — filed 2023-06-14
- Annual census (N-CEN) — filed 2022-06-14
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.