KCNY

KraneShares E Fund China Commercial Paper ETF
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*Unless otherwise stated, data provided by FactSet.

KCNY Fund Description

The KraneShares E Fund China Commercial Paper ETF tracks an index of China onshore investment-grade commercial paper denominated in renminbi and issued by corporations and sovereign and quasi-sovereign entities.

KCNY Factset Analytics Insight

KCNY aims to provide a money market mutual fund-like combination of capital preservation, current income and liquidity in the context of the Chinese market. To do so, the fund relies on RMB Qualified Foreign Institutional Investors (R-QFII) quota and access to China's interbank market. The fund holds investment-grade coupon-bearing commercial paper issued by government and quasi-government entities and corporations (both state-owned and private). The fund tries to minimize credit and duration risk by holding only investment-grade paper with less than 1 year remaining in maturity. Since the fund holds securities denominated in renminbi and doesn't use any currency hedges, FX volatility will play a role in the fund's performance. KCNY sees poor trading volume and the spreads are sizeable, though it also experiences sporadic volume spikes. Underlying liquidity is strong, however. KCNY charges a reasonable fee for its unique exposure to China's onshore debt market, but the turnover in the commercial paper market poses a hurdle to tracking, and the fund's modest asset base raises some closure concerns.

KCNY CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
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  • 3 Years
  • 5 Years
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/24/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
KCNY 0.61% -3.77% -0.46% 0.57% 0.75% -- --
KCNY (NAV) 0.88% -3.82% -1.40% 0.62% 0.81% -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KCNY Top 10 Holdings

KCNY Summary Data

KraneShares
12/03/14
Open-Ended Fund
0.62%
$12.05M
$62.98K
0.57%

KCNY Portfolio Data

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07/05/16
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KCNY Index Data

Market Value
Credit Rating
N/A

KCNY Portfolio Management

0.62%
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KCNY Tax Exposures

20.00% / 39.60%
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Ordinary income
No

KCNY Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

KCNY Factset Analytics Block Liquidity

As of 09/25/18
5
4
3
2
1

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

KCNY Tradability

1,833
$62.98K
1,163
$38.10K
0.57%
$0.20
-0.12%
1.04% / -1.29%
None
0.00%
50,000
0.02
0.06%
61.39%
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$34.43
N/A

KCNY Sector/Industry Breakdown


KCNY
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KCNY Top 10 Holdings

67.21%
21.93%
6.24%
2.49%
1.94%
0.20%
-0.01%
100%

KCNY Top 5 Countries


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KCNY Top 5 Currencies


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KCNY Economic Development


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KCNY Performance Statistics

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KCNY HOLDINGS STATISTICS


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KCNY MATURITY DISTRIBUTION


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KCNY CREDIT BREAKDOWN


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