KCCB

KraneShares CCBS China Corporate High Yield Bond USD Index ETF
*Unless otherwise stated, data provided by FactSet.

KCCB Fund Description

KCCB tracks a market-value-weighted index of USD-denominated high-yield bonds issued by Chinese companies. Holdings have between 2 and 5 years to maturity, or are perpetual issues.

KCCB Factset Analytics Insight

KCCB is the first high-yield bond ETF focused exclusively on Chinese firms, which the fund defines to include Hong Kong. All holdings are denominated in USD, bypassing direct exposure to currency movements (as well as avoiding RQFII quotas). However, a weakening renminbi could indirectly raise default risk if issuers struggle to make their debt payments with more expensive dollars. While KCCB primarily holds fixed-rate issues with 2 to 5 years left to maturity, perpetual bonds make up a large portion of the portfolio. Perpetual issues are popular in China and offer some of the highest yields in the bond market, but they carry much greater interest rate exposure than a typical junk bond. Most also include a call option allowing the issuer to redeem them at a future date if interest rates fall. In addition to currency risk, credit risk, interest rate risk, and call risk, KCCB carries significant concentration risk—it holds debt from just a handful of issuers, mostly in the financial industry. For investors willing to take the plunge, however, the fund offers the potential for particularly juicy yields.

KCCB MSCI ESG Analytics Insight

KraneShares CCBS China Corporate High Yield Bond USD Index ETF has an MSCI ESG Fund Rating of B based on a score of 2.40 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. KraneShares CCBS China Corporate High Yield Bond USD Index ETF ranks in the 5th percentile within its peer group and in the 19th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

KCCB Charts And Performance

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PERFORMANCE [as of 07/31/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
KCCB 1.61% 6.32% 0.60% 2.48% -- -- --
ticker (NAV) 1.57% 6.01% 1.07% 2.86% -- -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KCCB Summary Data

CICC
KraneShares
06/28/18
Open-Ended Fund
0.69%
$10.03M
$33.04K
0.71%
N/A

KCCB Portfolio Data

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N/A
53

KCCB Index Data

Solactive USD China Corporate High Yield Bond Index
Market Value
U.S. Dollar-Denominated
N/A

KCCB Portfolio Management

0.69%
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KCCB Tax Exposures

20.00% / 39.60%
0.25%
Ordinary income
No

KCCB Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

KCCB Factset Analytics Block Liquidity

As of 08/03/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of KCCB. KCCB is rated a N/A out of 5.

KCCB Tradability

846
$33.04K
130
$5.02K
0.71%
$0.28
0.22%
2.29% / -0.81%
None
100.00%
50,000
0.00
0.05%
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0
$40.13
N/A

KCCB Top 10 Holdings[View All]

5.56%
5.50%
5.13%
3.21%
3.07%
3.04%
2.63%
2.53%
2.48%
2.29%
35.44%

KCCB Performance Statistics

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KCCB MSCI ESG Ratings

2.40 / 10
19.27
5.29
--
5.12%
679.12

KCCB Holdings Statistics

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53
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KCCB Avg Life Maturity Distribution

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KCCB OAS Breakdown

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