Key stats
About KraneShares MSCI China Clean Technology Index ETF
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Inception date
Oct 13, 2017
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
US5007678502
KGRN tracks an index of large-, mid-, and small-cap Chinese companies that derive a significant portion of their revenue from clean technology, specifically from five environmental themes: alternative energy, energy efficiency, sustainable water, green building, and pollution prevention. Potential holdings include A-shares, as well as stocks listed in Hong Kong or outside China. Holdings are market-cap-weighted, with each security weight capped at 10%. Securities having 5% or more weight may not collectively exceed 40% weight of the Index. The resulting portfolio is very narrow, with just a few dozen holdings, favoring small-cap names in the utilities and real estate sectors. The index is rebalanced quarterly. Prior to March 19, 2021, the fund was called the KraneShares MSCI China Environment Index ETF. The name change aims to better reflect the funds clean-tech exposure and has no effect on the funds strategy.
Related funds
Classification
What's in the fund
Exposure type
Consumer Durables
Producer Manufacturing
Utilities
Technology Services
Stock breakdown by region
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
KGRN assets under management is 67.66 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
KGRN invests in stocks. See more details in our Analysis section.
KGRN expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, KGRN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, KGRN pays dividends to its holders with the dividend yield of 1.10%.
KGRN shares are issued by China International Capital Corp. Ltd.
KGRN follows the MSCI China IMI Environment 10-40. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 13, 2017.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.