KCCB
KraneShares CCBS China Corporate High Yield Bond USD Index ETFKCCB 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
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
KCCB Summary Data
KCCB Portfolio Data
KCCB Index Data
KCCB Portfolio Management
KCCB Tax Exposures
KCCB Fund Structure
KCCB Factset Analytics Block Liquidity
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
KCCB Top 10 Holdings[View All]
KCCB Performance Statistics
KCCB MSCI ESG Ratings
KCCB Holdings Statistics
KCCB Avg Life Maturity Distribution
KCCB OAS Breakdown
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.