Key stats
About KraneShares China Alpha Index ETF
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Inception date
Aug 28, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
ISIN
US5007673974
KCAI seeks to outperform the CSI 300 Index by applying AI to a quantitative process in selecting and weighting securities. The index universe begins with CSI 300 China A-Shares, not subject to US sanctions. The fund filters index components based on historical prices, financial indicators, market trends, mathematical parameters, market capitalization, and sector classification, among other data inputs. The algorithm optimizes the holdings and weights that are most likely to provide a total return exceeding the benchmark. The fund selects up to 50 China A-Shares, capped at 5%, through the Stock Connect Programs. Up to 20% of assets may be invested in other equities not part of the underlying index, as well as derivatives, other investment companies or ETFs, and cash or cash equivalents. The fund may also engage in securities lending. The index is reconstituted and rebalanced monthly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Transportation
Producer Manufacturing
Stocks99.96%
Finance35.15%
Electronic Technology16.37%
Transportation11.54%
Producer Manufacturing10.88%
Consumer Durables9.27%
Process Industries8.49%
Non-Energy Minerals5.35%
Distribution Services2.91%
Bonds, Cash & Other0.04%
Cash0.04%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
KCAI invests in stocks. The fund's major sectors are Finance, with 35.15% stocks, and Electronic Technology, with 16.37% of the basket. The assets are mostly located in the Asia region.
KCAI top holdings are Luxshare Precision Industry Co. Ltd. Class A and Foxconn Industrial Internet Co., Ltd. Class A, occupying 4.54% and 3.69% of the portfolio correspondingly.
KCAI last dividends amounted to 0.40 USD. The year before, the issuer paid 0.19 USD in dividends, which shows a 51.10% increase.
KCAI assets under management is 11.14 M USD. It's fallen 9.17% over the last month.
KCAI fund flows account for −366.46 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, KCAI pays dividends to its holders with the dividend yield of 0.53%. The last dividend (Dec 18, 2024) amounted to 0.59 USD. The dividends are paid annually.
KCAI shares are issued by China International Capital Corp. Ltd. under the brand KraneShares. The ETF was launched on Aug 28, 2024, and its management style is Passive.
KCAI expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
KCAI follows the Qi China Alpha Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
KCAI invests in stocks.
KCAI price has risen by 5.75% over the last month, and its yearly performance shows a 31.98% increase. See more dynamics on KCAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.79% over the last month, showed a 23.22% increase in three-month performance and has increased by 36.80% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.79% over the last month, showed a 23.22% increase in three-month performance and has increased by 36.80% in a year.
KCAI trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.