Overview

Performance

Distributions

NAV & Index Chart

Holdings

Fund Documents

Overview

Investment Strategy:

KBA is benchmarked to the MSCI China A 50 Connect Index, consisting of 50 large-cap Shanghai and Shenzhen listed stocks (A-shares) available through Stock Connect. A key feature of this Index is that it offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool that makes its underlying stocks attractive to international investors. KBA focuses on the largest, most liquid stocks, which receive most foreign interest and inflows and may benefit from increased global investment in China’s onshore market over the long term.

MSCI China A 50 Connect Index Features:

  • Designed to meet the requirements of the growing number of investors in China’s mainland A-share markets.
  • In addition to offering high correlation to broad China A-share benchmarks1, the MSCI China A 50 Connect Index may offer greater liquidity and investability due to its balanced sector weighting methodology and focus on China’s largest, most liquid securities.
  • An expected reduction in tracking error and bid-ask spreads given that market makers can directly hedge exposure with Futures.

China A-Share Internationalization Highlights:

  • China A-Shares are vastly underrepresented in global indexes. While the United States has a weight of 58.67% in the MSCI All Country World Index, China only has a weight of 4.85%1
  • MSCI is realigning China’s overall weight in their Global Standard Indexes through an incremental inclusion process. Upon completion, China A-shares are predicted to account for about 20% of the MSCI Emerging Market (EM) Index1.
  • Greater accessibility and inclusion in global indexes has led to significant foreign inflows into the China A-share market over the past several years.

**Formerly the KraneShares Bosera MSCI China A Share ETF

1.) Data from MSCI as of 30/Sept/2021.

Fund Details

Data as of 04/Dec/2025
Ticker KBA
Ticker BDR BKBA39
Primary Exchange NYSE
CUSIP 500767405
ISIN US5007674055
ISIN BDR BRBKBABDR004
Net Assets $224,653,614
Total Annual Fund Operating Expense (Gross) 0.78%
Total Annual Fund Operating Expense (Net) 0.55%*
Inception Date 04/Mar/2014
Distribution Frequency Annual
Premium Discount Chart

Daily Performance

Data as of 04/Dec/2025
Daily Net Asset Value (NAV) and Market Price
NAV $30.36
NAV Daily Change 0.33%
Market Price $30.32
Market Price Daily Change 0.17%
30 Day Median Bid/Ask Spread
0.07%
The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Cumulative %
Data as of: 30/Nov/2025
Fund NAV Closing Price Index
1 Month -1.12% -0.49% -1.26%
3 Month 4.16% 4.18% 4.63%
6 Month 27.19% 28.44% 28.90%
YTD 27.35% 28.66% 29.43%
Since Inception 105.06% 106.38% 129.88%
Avg Annualized %
Data as of month end: 30/Nov/2025
Fund NAV Closing Price Index
1 Year 28.22% 28.23% 30.35%
3 Year 8.46% 7.85% 9.68%
5 Year -0.06% -0.01% 0.88%
10 Year 3.21% 3.34% 3.55%
Since Inception 6.30% 6.36% 7.34%
Avg Annualized %
Data as of quarter end: 30/Sep/2025
Fund NAV Closing Price Index
1 Year 15.94% 18.49% 18.66%
3 Year 8.38% 8.77% 9.83%
5 Year 1.76% 1.71% 2.85%
10 Year 3.95% 4.00% 4.66%
Since Inception 6.38% 6.42% 7.49%
Monthly Returns
Data as of month end: 30/Nov/2025
Fund Return Index Return
Nov 2025 -1.12% -1.26%
Oct 2025 1.27% 0.83%
Sep 2025 4.02% 5.10%
Aug 2025 14.09% 15.22%
Jul 2025 3.99% 3.77%

*Fee waivers are contractual and in effect until August 1, 2024

The Hybrid KBA Index consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, the MSCI China A International Index from October 23, 2014 through December 26, 2017, the MSCI China A Inclusion Index from December 26, 2017 to May 29, 2019, the MSCI China A Index from May 29, 2019 to January 5, 2022, and the MSCI China A 50 Connect Index going forward.

Performance shown for periods before January 5, 2022, reflects that of the prior Fund. Future performance may be different than past performance due to changes, including investment objectives and principal investment strategies. Additionally, before January 5, 2022, the Fund previously sought to track the performance of a different Index before fees and expenses.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Distribution History

2025 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
22/Dec/2025 22/Dec/2025 23/Dec/2025

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

2024 Distributions
Ex-Date Record Date Payable Date Amount
17/Dec/2024 17/Dec/2024 18/Dec/2024 0.511692
2023 Distributions
Ex-Date Record Date Payable Date Amount
18/Dec/2023 19/Dec/2023 20/Dec/2023 0.484915
2022 Distributions
Ex-Date Record Date Payable Date Amount
14/Dec/2022 15/Dec/2022 16/Dec/2022 6.251418
2021 Distributions
Ex-Date Record Date Payable Date Amount
29/Dec/2021 30/Dec/2021 31/Dec/2021 3.936370

View More

2020 Distributions
Ex-Date Record Date Payable Date Amount
29/Dec/2020 30/Dec/2020 31/Dec/2020 0.297564
2019 Distributions
Ex-Date Record Date Payable Date Amount
27/Dec/2019 30/Dec/2019 31/Dec/2019 0.498718
2018 Distributions
Ex-Date Record Date Payable Date Amount
26/Dec/2018 27/Dec/2018 28/Dec/2018 0.519894
27/Dec/2018 27/Dec/2018 28/Dec/2018 0.402905
2017 Distributions
Ex-Date Record Date Payable Date Amount
20/Dec/2017 19/Dec/2017 22/Dec/2017 0.181784
2016 Distributions
Ex-Date Record Date Payable Date Amount
30/Dec/2016 28/Dec/2016 31/Dec/2016 0.460371
2015 Distributions
Ex-Date Record Date Payable Date Amount
30/Jun/2015 26/Jun/2015 01/Jul/2015 0.050048
30/Dec/2015 28/Dec/2015 31/Dec/2015 0.414600
30/Dec/2015 30/Dec/2015 31/Dec/2015 9.510225
2014 Distributions
Ex-Date Record Date Payable Date Amount
30/Dec/2014 26/Dec/2014 31/Dec/2014 0.050048

NAV & Index Chart

Data as of 04/Dec/2025

The NAV & Index Chart reflects the percentage change in index and nav prices on the day prior to the selected time period, and assumes reinvestment of dividends and capital gains. For the NAV & Index Chart since inception, the initial cost basis is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 05/Dec/2025 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CONTEMPORARY A-A 7.81% 300750 CNE100003662 321,311 17,689,393
2 ZIJIN MINING-A 5.94% 601899 CNE100000B24 3,037,742 13,462,010
3 KWEICHOW MOUTAI CO LTD-A 5.26% 600519 CNE0000018R8 58,889 11,915,452
4 FOXCONN INDUST-A 4.97% 601138 CNE1000031P3 1,302,900 11,267,607
5 BYD CO LTD -A 3.96% 002594 CNE100001526 661,200 8,979,473
6 ZHONGJI INNOLI-A 3.82% 300308 CNE100001CY9 113,800 8,647,573
7 CAMBRICON TECHNOLOGIES-A 3.63% 688256 CNE1000041R8 42,839 8,213,266
8 CHINA MERCHANTS BANK-A 3.49% 600036 CNE000001B33 1,284,767 7,898,623
9 JIANGSU HENGRU-A 3.32% 600276 CNE0000014W7 862,687 7,521,634
10 CMOC GROUP LTD-A 3.19% 603993 CNE100001NR0 2,774,900 7,232,263

Holdings are subject to change.

Fund Documents

©2025 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com.br. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

The ability of the Fund to achieve its respective investment objectives is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. If the Fund is unable to obtain sufficient exposure to limited availability of A Share quota, the Fund could seek exposure to the component securities of the Underlying Index by investment in other types of securities. The Fund is subject to political, social or economic instability within China which may cause decline in value. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease.

Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

ETF BDRs – Brazilian Depositary Receipts – are securities issued in Brazil and traded on the Stock Exchange, which are backed by shares of ETFs – Exchange Traded Funds – issued abroad.

Investing in ETF BDRs involves risks, including risks related to the liquidity of receipts in the secondary market. It is recommended that investors carefully read the legal documents of the products available on the website www.b3.com.br, the official source for disclosing information on the BDRs of ETFs, with special attention to the sections relating to the purpose and investment policy, as well as risk factors, fees, expenses and charges.

Investments made in ETF BDRs are not guaranteed by any person or entity, including the service providers of the underlying ETF.

KraneShares does not sell or distribute investment products in Brazil. For information on investing or disinvesting in BDRs of ETFs, the investor must directly contact the depository institution or the brokerage with which he has an account. Available to qualified investors only.

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