KGRO — KraneShares China Innovation ETF
Data updated: 2024-02-28
KGRO — KraneShares China Innovation ETF. United States Multi-Cap / All-Cap Growth Thematic Equity · $1.35M AUM. Holdings, fees, performance and SEC filings.
KGRO Fund Overview
KGRO — KraneShares China Innovation ETF is a US ETF managed by Krane Shares Trust, categorised as United States Multi-Cap / All-Cap Growth Thematic Equity. 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: United States Multi-Cap / All-Cap Growth Thematic Equity
- Assets under management: $1.35M
- 1-year return: -11.9%
- Ticker: KGRO
- SEC CIK: 0001547576
- SEC series ID: S000072918
- Share class ID: C000229614
KGRO Investment Objective and Strategy
KraneShares China Innovation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Krane Shares Trust.
Investment objective
The KraneShares China Innovation ETF (the Fund) seeks growth of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing primarily in the Underlying ETFs shown below. Each Underlying ETF seeks, and each future Underlying ETF will seek, to provide investment results, before fees and expenses, corresponding to the price and yield performance of its respective underlying index and invests primarily in the publicly issued shares of companies that are based in, operate in or are otherwise economically tied to China, including A-Shares, B-Shares, H-Shares, P-Chips and Red Chips. The currently-projected allocation to each Underlying ETF is shown below: Underlying ETFs Projected Allocation KraneShares CSI China Internet ETF (KWEB) 30% KraneShares MSCI All China Health Care Index ETF (KURE) 25% KraneShares MSCI China Clean Technology Index ETF (KGRN) 20% KraneShares CICC China 5G & Semiconductor Index ETF (KFVG) 15% KraneShares SSE STAR Market 50 Index ETF (KSTR) 10% ?
KWEB seeks to provide investment results that correspond to the CSI Overseas China Internet Index, which is designed to measure the performance of the investable universe of equities of publicly traded China-based companies that are listed outside of mainland China and whose primary business or businesses are in the Internet and Internet-related sectors. ? KURE seeks to provide investment results that correspond to the MSCI China All Shares Health Care 10/40 Index, which is designed to measure the performance of equity securities of Chinese companies in the healthcare sector. ? KGRN seeks to provide investment results that correspond to the MSCI China IMI Environment 10/40 Index, which is designed to measure the performance of equity securities of Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating environmental degradation.
Companies in the Underlying Index derive at least 50% of their revenues from products and services economically tied to: (1) alternative energy; (2) sustainable water; (3) green building; (4) pollution prevention; or (5) energy efficiency. ? KFVG seeks to provide investment results that correspond to the CICC China Technology Leaders Index, which includes the equity securities, or depositary receipts thereon, of the 30 largest Chinese companies by free-float market capitalization engaged in 5G and Technology-Related Industries -- namely, Semiconductors, Electronic Equipment & Instruments, Electronic Manufacturing Services, Electronic Components, Communications Equipment, Internet Services & Infrastructure, Data Processing & Outsourced Services, IT Consulting & Other Services and Electrical Components & Equipment.
? KSTR seeks to provide investment results that correspond to the SSE Star Market 50 Component Index, which includes the equity securities or depositary receipts of the 50 largest companies by free-float market capitalization that are listed on the SSE STAR Market. The SSE STAR Market is a new listing exchange run by the Shanghai Stock Exchange that focuses on listing Chinese science and technology companies, including companies in high-tech and strategic emerging industries, such as next-generation information technology, biomedicine, and high-end equipment. Krane Funds Advisors, LLC (Krane), the Funds investment adviser, will monitor market conditions and revise the allocations to the Underlying ETFs from time to time based on its assessment of market conditions, including the maturity of investment themes and the emergence of new themes.
In addition to investments in the Underlying ETFs, the Fund may invest up to 15% of its net assets in the securities of private companies, including those that may be preparing for an initial public offering. Krane generally expects to invest in private companies that are similar to (for example, in the same sector or industry as,) companies that are eligible for inclusion in an underlying index of an Underlying ETF. However, from time to time, the Fund may invest in other types of private companies, if Krane believes the investment represents an attractive opportunity for the Fund to invest in an issuer engaged in innovation in China or the surrounding region. An investment by the Fund in the securities of private companies will generally reduce the Funds projected allocation to each Underlying ETF approximately pro rata.
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of issuers located in China, including other investments, such as investment companies, that provide investment exposure to such securities. The Fund may engage in securities lending.
KGRO Holdings
Top 5 holdings of KraneShares China Innovation ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| KraneShares CSI China Internet ETF | 31.49% |
| KraneShares MSCI All China Health Care Index ETF | 26.03% |
| KraneShares MSCI China Clean Technology Index ETF | 17.40% |
| KraneShares CICC China 5G & Semiconductor Idx ETF | 14.22% |
| KraneShares SSE STAR Market 50 Index ETF | 8.99% |
KGRO Portfolio Allocation
Asset-class allocation of KraneShares China Innovation ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
KGRO Performance
Total returns for KGRO (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -11.9% |
| 3 years (annualised) | -22.8% |
KGRO Risk Information
Risk metrics for KGRO, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.3%
KGRO Costs and Fees
KGRO costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.97%
- Portfolio turnover: 4%
- Brokerage commissions: 1.37 bps of average net assets (SEC N-CEN)
KGRO Cashflows
Over the 12 months to 2023-12, KraneShares China Innovation ETF had net outflows of $19.90K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
| 2023-09 | $0 |
| 2023-08 | $0 |
| 2023-07 | −$19.90K |
KGRO Debt Constituents
No individual debt constituents are reported in KraneShares China Innovation ETF's latest SEC N-PORT filing.
KGRO Prospectus and SEC Filings
Official KraneShares China Innovation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus supplement (497) — filed 2023-12-15
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Annual census (N-CEN) — filed 2023-06-14
- Annual census (N-CEN) — filed 2022-06-14
Related Funds
Other United States Multi-Cap / All-Cap Growth Thematic Equity funds tracked on ABC INVEST:
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.