Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Leaders 100 Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.7%‡ | ||||||||
CHINA — 99.7% | ||||||||
Communication Services — 4.8% | ||||||||
Focus Media Information Technology, Cl A | 464,600 | $ | 676,673 | |||||
Consumer Discretionary — 35.1% | ||||||||
Anhui Xinhua Media, Cl A | 26,900 | 19,652 | ||||||
Anhui Zhongding Sealing Parts, Cl A | 33,100 | 61,888 | ||||||
Changchun Faway Automobile Components, Cl A | 24,300 | 38,326 | ||||||
Chongqing Department Store, Cl A | 9,200 | 39,088 | ||||||
Dashang, Cl A | 9,300 | 29,883 | ||||||
FAWER Automotive Parts, Cl A | 31,900 | 31,451 | ||||||
Fuyao Glass Industry Group, Cl A | 63,400 | 548,053 | ||||||
Great Wall Motor, Cl A | 55,100 | 371,748 | ||||||
Gree Electric Appliances of Zhuhai, Cl A | 81,935 | 660,720 | ||||||
Guangzhou Automobile Group, Cl A | 98,400 | 197,231 | ||||||
Guangzhou Shangpin Home Collection, Cl A | 4,460 | 61,100 | ||||||
Haier Smart Home, Cl A | 157,500 | 631,624 | ||||||
Hisense Home Appliances Group, Cl A | 20,400 | 45,373 | ||||||
Huayu Automotive Systems, Cl A | 71,200 | 289,501 | ||||||
KingClean Electric, Cl A | 3,700 | 35,638 | ||||||
Lao Feng Xiang, Cl A | 5,700 | 46,732 | ||||||
Loncin Motor, Cl A | 46,400 | 26,070 | ||||||
Luolai Lifestyle Technology, Cl A | 18,700 | 38,755 | ||||||
Markor International Home Furnishings, Cl A * | 51,500 | 33,558 | ||||||
Rainbow Digital Commercial, Cl A | 21,700 | 22,033 | ||||||
SAIC Motor, Cl A | 158,500 | 538,976 | ||||||
TCL Technology Group, Cl A | 522,500 | 618,669 | ||||||
Vatti, Cl A | 31,500 | 35,201 | ||||||
Wanxiang Qianchao, Cl A | 59,800 | 49,148 | ||||||
Weifu High-Technology Group, Cl A | 22,700 | 73,186 | ||||||
Wuchan Zhongda Group, Cl A | 137,300 | 167,246 | ||||||
Wuhan Department Store Group, Cl A | 20,900 | 37,848 | ||||||
Xiamen Comfort Science & Technology Group, Cl A | 19,800 | 69,352 | ||||||
Zhejiang Meida Industrial, Cl A | 11,700 | 33,103 | ||||||
Zhejiang Semir Garment, Cl A | 36,600 | 67,695 | ||||||
Zhejiang Wanfeng Auto Wheel, Cl A | 69,200 | 59,980 | ||||||
4,978,828 | ||||||||
Consumer Staples — 8.2% | ||||||||
Anhui Kouzi Distillery, Cl A | 16,300 | 170,774 | ||||||
Anhui Yingjia Distillery, Cl A | 10,800 | 74,052 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 126,400 | 720,542 | ||||||
Opple Lighting, Cl A | 6,800 | 27,018 | ||||||
Sichuan Swellfun, Cl A | 8,800 | 172,095 | ||||||
1,164,481 |
1 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Leaders 100 Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Energy — 0.7% | ||||||||
Yanzhou Coal Mining, Cl A | 40,400 | $ | 96,047 | |||||
Financials — 11.5% | ||||||||
China Life Insurance, Cl A | 75,300 | 394,982 | ||||||
Guotai Junan Securities, Cl A | 200,200 | 531,111 | ||||||
Haitong Securities, Cl A | 396,797 | 706,279 | ||||||
1,632,372 | ||||||||
Health Care — 2.4% | ||||||||
China Animal Healthcare *(A)(B)(C) | 4,000 | — | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 31,800 | 166,608 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 52,200 | 170,719 | ||||||
337,327 | ||||||||
Industrials — 22.0% | ||||||||
Anhui Construction Engineering Group, Cl A | 54,400 | 32,669 | ||||||
Camel Group, Cl A | 30,400 | 54,440 | ||||||
China Railway Group, Cl A | 460,400 | 373,402 | ||||||
China State Construction Engineering, Cl A | 948,500 | 682,654 | ||||||
CNHTC Jinan Truck, Cl A | 11,400 | 47,747 | ||||||
Daqin Railway, Cl A | 239,100 | 243,509 | ||||||
Dare Power Dekor Home, Cl A | 14,800 | 27,214 | ||||||
Fujian Longking, Cl A | 33,900 | 44,704 | ||||||
Jiangsu Expressway, Cl A | 22,400 | 33,838 | ||||||
Ningbo Construction, Cl A | 30,800 | 17,543 | ||||||
Ningbo Zhoushan Port, Cl A | 107,100 | 65,478 | ||||||
Shandong Hi-speed, Cl A | 28,200 | 26,843 | ||||||
Shanghai International Port Group, Cl A | 157,100 | 115,986 | ||||||
Shanghai Mechanical and Electrical Industry, Cl A | 14,600 | 36,721 | ||||||
Shanghai Waigaoqiao Free Trade Zone Group, Cl A | 16,900 | 38,661 | ||||||
Sinoma International Engineering, Cl A | 47,100 | 66,850 | ||||||
Sinosteel Engineering & Technology, Cl A | 28,400 | 41,803 | ||||||
Sinotrans, Cl A | 71,300 | 55,730 | ||||||
Tian Di Science & Technology, Cl A | 74,900 | 45,212 | ||||||
Titan Wind Energy Suzhou, Cl A | 40,700 | 54,491 | ||||||
Tongling Jingda Special Magnet Wire, Cl A | 60,800 | 60,039 | ||||||
Weichai Power, Cl A | 214,700 | 593,837 | ||||||
Yutong Bus, Cl A | 61,294 | 118,493 | ||||||
ZBOM Home Collection, Cl A | 7,080 | 35,023 | ||||||
Zhuzhou Kibing Group, Cl A | 72,800 | 209,132 | ||||||
3,122,019 | ||||||||
Information Technology — 0.9% | ||||||||
Accelink Technologies, Cl A | 19,000 | 72,343 | ||||||
Hanergy Thin Film Power Group *(A)(B)(C) | 65,064 | — | ||||||
Shenzhen SDG Information, Cl A * | 26,200 | 32,928 | ||||||
Skyworth Digital, Cl A | 19,200 | 25,290 | ||||||
130,561 |
2 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Leaders 100 Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — 12.7% | ||||||||
Anhui Truchum Advanced Materials & Technology, Cl A | 36,200 | $ | 48,914 | |||||
China Jushi, Cl A | 108,628 | 260,774 | ||||||
China Lumena New Materials *(A)(B)(C) | 718 | — | ||||||
DeHua TB New Decoration Materials, Cl A | 24,600 | 37,542 | ||||||
Fangda Special Steel Technology, Cl A | 48,800 | 51,210 | ||||||
Hoshine Silicon Industry, Cl A | 8,500 | 101,184 | ||||||
ORG Technology, Cl A | 76,400 | 60,781 | ||||||
Sansteel Minguang Fujian, Cl A | 55,400 | 57,794 | ||||||
Shandong Chenming Paper Holdings, Cl A | 55,300 | 69,672 | ||||||
Shanying International Holding, Cl A | 146,200 | 78,069 | ||||||
Tianhe Chemicals Group *(A)(B)(C) | 40,000 | — | ||||||
Wanhua Chemical Group, Cl A | 43,800 | 737,723 | ||||||
Xinfengming Group, Cl A | 25,400 | 79,807 | ||||||
Xinyangfeng Agricultural Technology, Cl A | 29,500 | 71,366 | ||||||
Xinyu Iron & Steel, Cl A | 72,000 | 62,184 | ||||||
Zibo Qixiang Tengda Chemical, Cl A | 43,600 | 83,814 | ||||||
1,800,834 | ||||||||
Real Estate — 0.7% | ||||||||
Financial Street Holdings, Cl A | 54,000 | 56,417 | ||||||
Shenzhen Huaqiang Industry, Cl A | 14,200 | 37,165 | ||||||
93,582 | ||||||||
Utilities — 0.7% | ||||||||
Shenergy, Cl A | 111,000 | 105,488 | ||||||
TOTAL CHINA | 14,138,212 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $13,992,557) | 14,138,212 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $13,992,557) | 14,138,212 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.3% | 40,980 | |||||||
NET ASSETS — 100% | $ | 14,179,192 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $0 and represents 0.0% of Net Assets. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $0 and represents 0.0% of Net Assets. |
Cl — Class |
3 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Leaders 100 Index ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
China | ||||||||||||||||
Communication Services | $ | 676,673 | $ | — | $ | — | $ | 676,673 | ||||||||
Consumer Discretionary | 4,978,828 | — | — | 4,978,828 | ||||||||||||
Consumer Staples | 1,164,481 | — | — | 1,164,481 | ||||||||||||
Energy | 96,047 | — | — | 96,047 | ||||||||||||
Financials | 1,632,372 | — | — | 1,632,372 | ||||||||||||
Health Care | 337,327 | — | — | 337,327 | ||||||||||||
Industrials | 3,122,019 | — | — | 3,122,019 | ||||||||||||
Information Technology | 130,561 | — | — | 130,561 | ||||||||||||
Materials | 1,800,834 | — | — | 1,800,834 | ||||||||||||
Real Estate | 93,582 | — | — | 93,582 | ||||||||||||
Utilities | 105,488 | — | — | 105,488 | ||||||||||||
Total Common Stock | 14,138,212 | — | — | 14,138,212 | ||||||||||||
Total Investments in Securities | $ | 14,138,212 | $ | — | $ | — | $ | 14,138,212 |
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-001-1600
4 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CSI China Internet ETF
Shares | Value | |||||||
COMMON STOCK — 98.6%‡ | ||||||||
CHINA — 98.2% | ||||||||
Communication Services — 35.3% | ||||||||
Archosaur Games (A) | 2,576,000 | $ | 4,922,557 | |||||
Autohome ADR | 647,229 | 41,396,767 | ||||||
Baidu ADR * | 999,122 | 203,720,976 | ||||||
Bilibili ADR * | 1,757,370 | 214,117,961 | ||||||
China Literature * (A) | 4,923,000 | 54,739,797 | ||||||
DouYu International Holdings ADR * | 1,612,859 | 11,031,955 | ||||||
HUYA ADR * (A) | 730,295 | 12,889,707 | ||||||
iQIYI ADR * | 3,709,243 | 57,790,006 | ||||||
JOYY ADR | 576,585 | 38,037,312 | ||||||
Kuaishou Technology, Cl B * | 7,066,000 | 177,244,835 | ||||||
Momo ADR * | 1,420,752 | 21,751,713 | ||||||
NetEase ADR | 1,616,723 | 186,327,326 | ||||||
Tencent Holdings | 6,064,575 | 456,062,350 | ||||||
Tencent Music Entertainment Group ADR * | 6,403,507 | 99,126,288 | ||||||
Weibo ADR * | 692,821 | 36,456,241 | ||||||
XD * | 2,554,200 | 22,529,755 | ||||||
Zhihu ADR * (A) | 4,228,210 | 57,334,528 | ||||||
1,695,480,074 | ||||||||
Consumer Discretionary — 44.6% | ||||||||
17 Education & Technology Group ADR * (A) | 1,866,721 | 6,813,532 | ||||||
Alibaba Group Holding * | 800 | 22,663 | ||||||
Alibaba Group Holding ADR * | 1,909,904 | 433,128,029 | ||||||
Baozun ADR * | 593,155 | 21,021,413 | ||||||
Dada Nexus ADR * | 918,538 | 26,646,787 | ||||||
Gaotu Techedu ADR * (A) | 1,458,200 | 21,537,614 | ||||||
JD Health International * (A) | 12,325,100 | 176,643,076 | ||||||
JD.com ADR * | 3,622,226 | 289,089,857 | ||||||
Koolearn Technology Holding * | 4,147,500 | 5,196,492 | ||||||
Meituan, Cl B * | 9,734,100 | 401,605,187 | ||||||
Pinduoduo ADR * | 2,517,160 | 319,729,663 | ||||||
TAL Education Group ADR * | 4,886,397 | 123,283,796 | ||||||
Tongcheng-Elong Holdings * | 11,473,400 | 28,720,990 | ||||||
Trip.com Group ADR * | 4,964,528 | 176,042,163 | ||||||
Vipshop Holdings ADR * | 4,554,065 | 91,445,625 | ||||||
Youdao ADR * (A) | 826,096 | 19,074,557 | ||||||
2,140,001,444 | ||||||||
Financials — 3.5% | ||||||||
360 DigiTech ADR * | 1,151,809 | 48,191,689 | ||||||
Lufax Holding ADR * (A) | 6,932,770 | 78,340,301 | ||||||
ZhongAn Online P&C Insurance, Cl H * (A) | 6,932,900 | 39,236,008 | ||||||
165,767,998 |
5 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CSI China Internet ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — 3.8% | ||||||||
Alibaba Health Information Technology * | 39,158,000 | $ | 86,828,970 | |||||
Ping An Healthcare and Technology * (A) | 5,544,400 | 69,038,609 | ||||||
Yidu Tech * (A) | 5,414,300 | 28,445,494 | ||||||
184,313,073 | ||||||||
Industrials — 0.6% | ||||||||
51job ADR * | 339,899 | 26,433,945 | ||||||
Information Technology — 6.3% | ||||||||
21Vianet Group ADR * | 1,354,311 | 31,081,437 | ||||||
Agora ADR * (A) | 877,811 | 36,832,950 | ||||||
Chindata Group Holdings ADR * | 1,463,295 | 22,081,122 | ||||||
Kingsoft | 9,389,000 | 56,279,474 | ||||||
Kingsoft Cloud Holdings ADR * | 996,878 | 33,824,070 | ||||||
Ming Yuan Cloud Group Holdings | 11,226,000 | 55,726,327 | ||||||
Weimob * | 23,536,000 | 51,885,669 | ||||||
Yeahka * (A) | 2,408,000 | 15,147,189 | ||||||
302,858,238 | ||||||||
Real Estate — 4.1% | ||||||||
KE Holdings ADR * | 4,133,247 | 197,073,217 | ||||||
TOTAL CHINA | 4,711,927,989 | |||||||
HONG KONG — 0.4% | ||||||||
Communication Services — 0.4% | ||||||||
Alibaba Pictures Group * | 143,954,000 | 20,019,743 | ||||||
TOTAL HONG KONG | 20,019,743 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $5,003,444,684) | 4,731,947,732 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 3.7% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 0.030% | 178,147,417 | 178,147,417 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $178,147,417) | 178,147,417 | |||||||
TOTAL INVESTMENTS — 102.3% | ||||||||
(Cost $5,181,592,101) | 4,910,095,149 | |||||||
OTHER ASSETS LESS LIABILITIES — (2.3)% | (109,675,527 | ) | ||||||
NET ASSETS — 100% | $ | 4,800,419,622 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at June 30, 2021. The total market value of securities on loan at June 30, 2021 was $171,149,340. |
(B) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(C) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of June 30, 2021 was $178,147,417. |
ADR — American Depositary Receipt |
Cl — Class |
6 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CSI China Internet ETF
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-002-1600
7 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — 99.8%‡ | ||||||||
CHINA — 99.8% | ||||||||
Communication Services — 1.3% | ||||||||
Beijing Enlight Media, Cl A | 381,359 | $ | 638,073 | |||||
China South Publishing & Media Group, Cl A | 231,311 | 315,773 | ||||||
Focus Media Information Technology, Cl A | 1,883,532 | 2,743,298 | ||||||
G-bits Network Technology Xiamen, Cl A | 9,308 | 763,559 | ||||||
Giant Network Group, Cl A | 217,187 | 447,091 | ||||||
Kunlun Tech, Cl A | 150,914 | 382,608 | ||||||
Leo Group, Cl A | 869,706 | 314,991 | ||||||
Mango Excellent Media, Cl A | 228,420 | 2,425,317 | ||||||
NanJi E-Commerce, Cl A | 315,993 | 477,840 | ||||||
Perfect World, Cl A | 252,201 | 933,333 | ||||||
Wuhu Sanqi Interactive Entertainment Network Technology Group, Cl A | 274,531 | 1,020,645 | ||||||
Zhejiang Century Huatong Group, Cl A * | 968,765 | 962,640 | ||||||
11,425,168 | ||||||||
Consumer Discretionary — 7.9% | ||||||||
BYD, Cl A | 232,609 | 9,036,715 | ||||||
Changzhou Xingyu Automotive Lighting Systems, Cl A | 35,401 | 1,236,790 | ||||||
China Tourism Group Duty Free, Cl A | 250,503 | 11,635,613 | ||||||
Chongqing Changan Automobile, Cl A | 572,534 | 2,328,826 | ||||||
Ecovacs Robotics, Cl A | 60,355 | 2,130,644 | ||||||
FAW Jiefang Group, Cl A | 403,003 | 674,910 | ||||||
Fuyao Glass Industry Group, Cl A | 256,989 | 2,221,509 | ||||||
Great Wall Motor, Cl A | 285,843 | 1,928,523 | ||||||
Guangdong Xinbao Electrical Appliances Holdings, Cl A | 106,400 | 432,296 | ||||||
Haier Smart Home, Cl A | 809,475 | 3,246,244 | ||||||
Hang Zhou Great Star Industrial, Cl A * | 148,600 | 783,842 | ||||||
Hangzhou Robam Appliances, Cl A | 123,326 | 887,601 | ||||||
Huayu Automotive Systems, Cl A | 404,579 | 1,645,029 | ||||||
Huizhou Desay Sv Automotive, Cl A | 59,600 | 1,015,465 | ||||||
Jason Furniture Hangzhou, Cl A | 82,177 | 982,942 | ||||||
Joyoung, Cl A | 99,687 | 501,301 | ||||||
Kuang-Chi Technologies, Cl A * | 279,990 | 901,831 | ||||||
Liaoning Cheng Da, Cl A | 198,809 | 640,352 | ||||||
Midea Group, Cl A | 451,839 | 4,991,255 | ||||||
NavInfo, Cl A * | 296,579 | 674,789 | ||||||
Ningbo Joyson Electronic, Cl A | 176,175 | 695,882 | ||||||
Ningbo Tuopu Group, Cl A | 143,220 | 829,725 | ||||||
Offcn Education Technology, Cl A * | 293,995 | 950,580 | ||||||
Oppein Home Group, Cl A | 64,305 | 1,412,932 | ||||||
SAIC Motor, Cl A | 999,513 | 3,398,826 | ||||||
Sailun Group, Cl A | 398,835 | 616,693 | ||||||
Shandong Linglong Tyre, Cl A | 176,288 | 1,193,471 | ||||||
Shanghai Jinjiang International Hotels, Cl A | 118,800 | 1,047,178 | ||||||
Shanghai Yuyuan Tourist Mart Group, Cl A | 420,669 | 754,630 | ||||||
Shenzhen MTC, Cl A * | 582,900 | 547,637 |
8 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Shenzhen Overseas Chinese Town, Cl A | 1,052,482 | $ | 1,211,987 | |||||
Songcheng Performance Development, Cl A | 339,881 | 883,785 | ||||||
Suning.com, Cl A *(A)(B)(C) | 1,230,359 | 1,056,903 | ||||||
Suofeiya Home Collection, Cl A | 58,684 | 219,809 | ||||||
TCL Technology Group, Cl A | 1,800,500 | 2,131,891 | ||||||
Wangfujing Group, Cl A | 99,937 | 446,718 | ||||||
Weifu High-Technology Group, Cl A | 107,674 | 347,144 | ||||||
Wuchan Zhongda Group, Cl A | 651,830 | 793,998 | ||||||
Xiamen Intretech, Cl A | 83,858 | 505,028 | ||||||
Zhejiang Semir Garment, Cl A | 289,488 | 535,437 | ||||||
Zhejiang Supor, Cl A | 71,165 | 702,634 | ||||||
68,179,365 | ||||||||
Consumer Staples — 18.2% | ||||||||
Angel Yeast, Cl A | 107,110 | 901,529 | ||||||
Anhui Gujing Distillery, Cl A | 49,250 | 1,825,669 | ||||||
Anhui Kouzi Distillery, Cl A | 77,958 | 816,762 | ||||||
Beijing Dabeinong Technology Group, Cl A | 545,300 | 573,925 | ||||||
Beijing Shunxin Agriculture, Cl A | 96,390 | 629,287 | ||||||
Beijing Yanjing Brewery, Cl A | 362,942 | 406,711 | ||||||
By-health, Cl A | 220,998 | 1,125,368 | ||||||
C&S Paper, Cl A | 170,458 | 726,857 | ||||||
Chacha Food, Cl A | 65,215 | 435,046 | ||||||
Chongqing Brewery, Cl A * | 62,088 | 1,902,276 | ||||||
Chongqing Fuling Zhacai Group, Cl A * | 115,383 | 672,562 | ||||||
DaShenLin Pharmaceutical Group, Cl A | 102,753 | 812,850 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 450,469 | 8,990,768 | ||||||
Fu Jian Anjoy Foods, Cl A | 30,751 | 1,209,031 | ||||||
Fujian Sunner Development, Cl A | 161,933 | 598,522 | ||||||
Guangdong Haid Group, Cl A | 213,229 | 2,693,065 | ||||||
Heilongjiang Agriculture, Cl A | 228,900 | 530,014 | ||||||
Henan Shuanghui Investment & Development, Cl A | 370,497 | 1,823,569 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 780,475 | 4,449,088 | ||||||
Jiangsu King’s Luck Brewery JSC, Cl A | 160,907 | 1,348,851 | ||||||
Jiangsu Yanghe Brewery Joint-Stock, Cl A | 193,418 | 6,202,931 | ||||||
Jiangxi Zhengbang Technology, Cl A | 402,913 | 745,229 | ||||||
JiuGui Liquor, Cl A | 41,700 | 1,649,708 | ||||||
Jonjee Hi-Tech Industrial And Commercial Holding, Cl A | 103,614 | 673,883 | ||||||
Juewei Food, Cl A | 79,100 | 1,031,960 | ||||||
Kweichow Moutai, Cl A | 161,189 | 51,311,735 | ||||||
Laobaixing Pharmacy Chain JSC, Cl A | 52,560 | 428,560 | ||||||
Luzhou Laojiao, Cl A | 187,946 | 6,863,490 | ||||||
Muyuan Foods, Cl A | 675,345 | 6,357,442 | ||||||
New Hope Liuhe, Cl A * | 578,251 | 1,312,976 | ||||||
Proya Cosmetics, Cl A | 25,959 | 790,359 | ||||||
Qianhe Condiment and Food, Cl A | 102,800 | 418,307 | ||||||
Shanghai Bailian Group, Cl A | 208,500 | 650,267 | ||||||
Shanghai Bairun Investment Holding Group, Cl A | 96,234 | 1,411,892 |
9 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — continued | ||||||||
Shanghai Jahwa United, Cl A | 88,100 | $ | 820,067 | |||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 111,826 | 7,754,096 | ||||||
Sichuan Swellfun, Cl A | 63,421 | 1,240,278 | ||||||
Toly Bread, Cl A | 123,836 | 598,014 | ||||||
Tongwei, Cl A | 577,680 | 3,868,874 | ||||||
Tsingtao Brewery, Cl A | 91,024 | 1,629,341 | ||||||
Wens Foodstuffs Group | 817,841 | 1,819,014 | ||||||
Wuliangye Yibin, Cl A | 498,179 | 22,969,507 | ||||||
Yifeng Pharmacy Chain, Cl A | 89,806 | 779,652 | ||||||
Yihai Kerry Arawana Holdings, Cl A | 162,315 | 2,134,438 | ||||||
Yixintang Pharmaceutical Group, Cl A | 76,700 | 393,066 | ||||||
Yonghui Superstores, Cl A | 1,237,054 | 905,650 | ||||||
Yuan Longping High-tech Agriculture, Cl A * | 169,557 | 420,950 | ||||||
157,653,436 | ||||||||
Energy — 1.8% | ||||||||
China Merchants Energy Shipping, Cl A | 1,051,410 | 751,839 | ||||||
China Petroleum & Chemical, Cl A | 4,087,384 | 2,758,305 | ||||||
China Shenhua Energy, Cl A | 846,378 | 2,557,140 | ||||||
COSCO SHIPPING Energy Transportation, Cl A | 446,404 | 425,617 | ||||||
Guanghui Energy, Cl A * | 869,529 | 448,166 | ||||||
Offshore Oil Engineering, Cl A | 569,240 | 396,478 | ||||||
PetroChina, Cl A | 2,770,395 | 2,268,337 | ||||||
Shaanxi Coal Industry, Cl A | 1,283,198 | 2,353,545 | ||||||
Shanxi Coking Coal Energy Group, Cl A | 532,492 | 684,896 | ||||||
Shanxi Lu’an Environmental Energy Development, Cl A | 388,862 | 710,813 | ||||||
Shanxi Meijin Energy, Cl A * | 550,300 | 643,919 | ||||||
Yantai Jereh Oilfield Services Group, Cl A | 124,459 | 861,081 | ||||||
Yanzhou Coal Mining, Cl A | 322,003 | 765,528 | ||||||
15,625,664 | ||||||||
Financials — 19.4% | ||||||||
Agricultural Bank of China, Cl A | 9,558,607 | 4,482,781 | ||||||
AVIC Industry-Finance Holdings, Cl A | 1,159,552 | 694,563 | ||||||
Bank of Beijing, Cl A | 2,713,098 | 2,045,054 | ||||||
Bank of Chengdu, Cl A | 469,600 | 918,725 | ||||||
Bank of China, Cl A | 4,507,600 | 2,148,852 | ||||||
Bank of Communications, Cl A | 5,036,699 | 3,819,904 | ||||||
Bank of Hangzhou, Cl A | 760,980 | 1,737,303 | ||||||
Bank of Jiangsu, Cl A | 1,895,253 | 2,082,744 | ||||||
Bank of Nanjing, Cl A | 1,284,126 | 2,090,902 | ||||||
Bank of Ningbo, Cl A | 770,944 | 4,650,114 | ||||||
Bank of Shanghai, Cl A | 1,823,001 | 2,313,721 | ||||||
BOC International China, Cl A | 241,000 | 768,040 | ||||||
Caitong Securities, Cl A | 466,508 | 757,434 | ||||||
Changjiang Securities, Cl A | 718,872 | 814,466 | ||||||
China Construction Bank, Cl A | 1,231,326 | 1,267,375 |
10 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
China Everbright Bank, Cl A | 5,306,484 | $ | 3,104,624 | |||||
China Galaxy Securities, Cl A | 558,649 | 932,112 | ||||||
China Great Wall Securities, Cl A | 333,068 | 573,771 | ||||||
China Life Insurance, Cl A | 356,339 | 1,869,154 | ||||||
China Merchants Bank, Cl A | 2,644,401 | 22,179,759 | ||||||
China Merchants Securities, Cl A | 952,447 | 2,803,894 | ||||||
China Minsheng Banking, Cl A | 4,550,540 | 3,106,075 | ||||||
China Pacific Insurance Group, Cl A | 878,340 | 3,938,415 | ||||||
China Zheshang Bank, Cl A | 2,145,200 | 1,318,162 | ||||||
Chongqing Rural Commercial Bank, Cl A | 1,149,600 | 709,954 | ||||||
CITIC Securities, Cl A | 1,366,410 | 5,274,579 | ||||||
CSC Financial, Cl A | 555,700 | 2,703,306 | ||||||
Dongxing Securities, Cl A | 358,910 | 607,178 | ||||||
East Money Information, Cl A | 1,326,319 | 6,731,312 | ||||||
Everbright Securities, Cl A | 501,433 | 1,388,461 | ||||||
First Capital Securities, Cl A | 546,917 | 604,408 | ||||||
Founder Securities, Cl A | 1,056,311 | 1,530,305 | ||||||
GF Securities, Cl A | 759,596 | 1,779,996 | ||||||
Guangzhou Yuexiu Financial Holdings Group, Cl A | 236,296 | 463,020 | ||||||
Guolian Securities, Cl A | 207,600 | 494,832 | ||||||
Guosen Securities, Cl A | 822,516 | 1,368,558 | ||||||
Guotai Junan Securities, Cl A | 964,614 | 2,559,026 | ||||||
Guoyuan Securities, Cl A | 567,263 | 699,767 | ||||||
Haitong Securities, Cl A | 1,238,887 | 2,205,159 | ||||||
Hithink RoyalFlush Information Network, Cl A | 69,800 | 1,218,422 | ||||||
Huaan Securities, Cl A | 614,340 | 529,632 | ||||||
Huatai Securities, Cl A | 944,095 | 2,308,783 | ||||||
Huaxi Securities, Cl A | 338,031 | 503,841 | ||||||
Huaxia Bank, Cl A | 1,645,515 | 1,576,533 | ||||||
Hubei Biocause Pharmaceutical, Cl A | 636,145 | 356,431 | ||||||
Industrial & Commercial Bank of China, Cl A | 8,072,626 | 6,459,750 | ||||||
Industrial Bank, Cl A | 2,665,722 | 8,478,852 | ||||||
Industrial Securities, Cl A | 859,258 | 1,284,728 | ||||||
Jiangsu Changshu Rural Commercial Bank, Cl A | 352,849 | 338,603 | ||||||
Nanjing Securities, Cl A | 479,140 | 780,168 | ||||||
New China Life Insurance, Cl A | 267,666 | 1,902,001 | ||||||
Northeast Securities, Cl A | 301,364 | 394,147 | ||||||
Orient Securities, Cl A | 775,635 | 1,199,314 | ||||||
Pacific Securities, Cl A * | 877,600 | 460,476 | ||||||
People’s Insurance Group of China, Cl A | 769,094 | 705,902 | ||||||
Ping An Bank, Cl A | 2,490,141 | 8,718,201 | ||||||
Ping An Insurance Group of China, Cl A | 1,390,034 | 13,829,664 | ||||||
Postal Savings Bank of China, Cl A | 3,412,500 | 2,651,470 | ||||||
Qingdao Rural Commercial Bank, Cl A | 715,249 | 473,818 | ||||||
SDIC Capital, Cl A | 835,293 | 1,097,633 | ||||||
Sealand Securities, Cl A | 700,947 | 460,004 | ||||||
Shanghai Pudong Development Bank, Cl A | 3,766,487 | 5,829,708 | ||||||
Shanxi Securities, Cl A | 462,195 | 480,019 |
11 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Shenwan Hongyuan Group, Cl A | 2,891,781 | $ | 2,094,699 | |||||
Sinolink Securities, Cl A | 393,200 | 772,298 | ||||||
SooChow Securities, Cl A | 504,393 | 651,096 | ||||||
Southwest Securities, Cl A | 863,800 | 651,107 | ||||||
Tianfeng Securities, Cl A * | 1,126,500 | 847,379 | ||||||
Western Securities, Cl A | 580,933 | 741,806 | ||||||
Zheshang Securities, Cl A * | 504,082 | 1,020,515 | ||||||
168,354,805 | ||||||||
Health Care — 12.0% | ||||||||
Aier Eye Hospital Group, Cl A | 685,853 | 7,534,898 | ||||||
Apeloa Pharmaceutical, Cl A | 153,297 | 697,575 | ||||||
Asymchem Laboratories Tianjin, Cl A | 31,124 | 1,794,934 | ||||||
Autobio Diagnostics, Cl A | 76,182 | 893,429 | ||||||
Beijing Tiantan Biological Products, Cl A | 178,433 | 945,902 | ||||||
Betta Pharmaceuticals, Cl A | 53,700 | 899,648 | ||||||
BGI Genomics, Cl A | 53,820 | 987,958 | ||||||
CanSino Biologics, Cl A * | 12,274 | 1,477,569 | ||||||
Changchun High & New Technology Industry Group, Cl A | 51,862 | 3,106,495 | ||||||
China National Medicines, Cl A | 97,200 | 497,370 | ||||||
China Resources Sanjiu Medical & Pharmaceutical, Cl A | 126,047 | 521,875 | ||||||
Chongqing Zhifei Biological Products, Cl A | 205,313 | 5,933,909 | ||||||
Daan Gene, Cl A | 180,741 | 594,185 | ||||||
Dong-E-E-Jiao, Cl A | 500 | 2,779 | ||||||
Dong-E-E-Jiao, Cl E | 83,709 | 465,262 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 182,839 | 957,939 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 58,939 | 1,457,500 | ||||||
Guangzhou Wondfo Biotech, Cl A | 57,882 | 579,550 | ||||||
Hangzhou Tigermed Consulting, Cl A | 48,110 | 1,439,387 | ||||||
Huadong Medicine, Cl A | 224,539 | 1,599,022 | ||||||
Hualan Biological Engineering, Cl A | 234,157 | 1,329,373 | ||||||
Humanwell Healthcare Group, Cl A | 212,300 | 928,937 | ||||||
Intco Medical Technology, Cl A | 45,754 | 883,800 | ||||||
Jafron Biomedical, Cl A | 102,547 | 1,370,711 | ||||||
Jiangsu Hengrui Medicine, Cl A | 821,076 | 8,637,955 | ||||||
Jiangsu Yuyue Medical Equipment & Supply, Cl A | 130,236 | 768,614 | ||||||
Jilin Aodong Pharmaceutical Group, Cl A | 149,695 | 358,897 | ||||||
Joincare Pharmaceutical Group Industry, Cl A | 251,734 | 534,962 | ||||||
Joinn Laboratories China, Cl A | 29,600 | 841,840 | ||||||
Jointown Pharmaceutical Group, Cl A | 241,277 | 573,984 | ||||||
Lepu Medical Technology Beijing, Cl A | 231,611 | 1,151,450 | ||||||
Livzon Pharmaceutical Group, Cl A | 80,493 | 623,178 | ||||||
Maccura Biotechnology, Cl A | 71,716 | 467,203 | ||||||
Meinian Onehealth Healthcare Holdings, Cl A * | 508,808 | 717,435 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical, Cl A | 101,180 | 653,825 | ||||||
Ovctek China, Cl A | 109,240 | 1,750,822 | ||||||
Pharmaron Beijing, Cl A | 84,700 | 2,844,680 |
12 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Shandong Buchang Pharmaceuticals, Cl A | 147,055 | $ | 511,894 | |||||
Shandong Pharmaceutical Glass | 76,609 | 402,559 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 258,024 | 2,880,622 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 249,959 | 817,483 | ||||||
Shanghai RAAS Blood Products, Cl A | 876,245 | 1,015,822 | ||||||
Shenzhen Hepalink Pharmaceutical Group, Cl A | 133,800 | 329,899 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 87,918 | 2,027,563 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 156,051 | 11,594,803 | ||||||
Shenzhen Salubris Pharmaceuticals, Cl A * | 138,266 | 704,080 | ||||||
Shijiazhuang Yiling Pharmaceutical, Cl A | 156,469 | 706,197 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 187,070 | 577,641 | ||||||
Tonghua Dongbao Pharmaceutical, Cl A | 261,806 | 483,831 | ||||||
Topchoice Medical, Cl A * | 41,106 | 2,614,914 | ||||||
Walvax Biotechnology, Cl A | 198,044 | 1,891,286 | ||||||
Winning Health Technology Group, Cl A | 277,363 | 698,468 | ||||||
WuXi AppTec, Cl A | 328,642 | 7,965,214 | ||||||
Yifan Pharmaceutical, Cl A | 159,021 | 424,575 | ||||||
Yunnan Baiyao Group, Cl A | 163,981 | 2,937,056 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 77,450 | 5,374,035 | ||||||
Zhejiang Huahai Pharmaceutical, Cl A | 187,322 | 605,382 | ||||||
Zhejiang Jiuzhou Pharmaceutical, Cl A | 108,092 | 812,758 | ||||||
Zhejiang NHU, Cl A | 330,861 | 1,468,707 | ||||||
Zhejiang Wolwo Bio-Pharmaceutical, Cl A | 68,091 | 675,762 | ||||||
104,345,403 | ||||||||
Industrials — 13.3% | ||||||||
AECC Aero-Engine Control, Cl A | 147,100 | 474,255 | ||||||
AECC Aviation Power, Cl A | 342,045 | 2,815,941 | ||||||
Air China, Cl A * | 851,310 | 1,025,127 | ||||||
AVIC Electromechanical Systems, Cl A | 504,993 | 787,091 | ||||||
AVICOPTER, Cl A | 76,600 | 625,287 | ||||||
Beijing New Building Materials, Cl A | 216,828 | 1,317,242 | ||||||
Beijing Originwater Technology, Cl A | 407,478 | 461,032 | ||||||
Beijing United Information Technology, Cl A | 44,700 | 691,652 | ||||||
Beijing-Shanghai High Speed Railway, Cl A | 5,251,100 | 4,299,484 | ||||||
China Eastern Airlines, Cl A * | 1,456,300 | 1,145,051 | ||||||
China National Chemical Engineering, Cl A | 633,000 | 858,259 | ||||||
China Railway Group, Cl A | 2,613,100 | 2,119,326 | ||||||
China Southern Airlines, Cl A * | 1,311,702 | 1,222,199 | ||||||
China State Construction Engineering, Cl A | 4,000,000 | 2,878,878 | ||||||
Contemporary Amperex Technology, Cl A | 298,933 | 24,744,324 | ||||||
COSCO SHIPPING Holdings, Cl A * | 1,242,064 | 5,871,153 | ||||||
Dongfang Electric, Cl A | 361,786 | 614,284 | ||||||
Eve Energy, Cl A | 242,445 | 3,899,999 | ||||||
Fangda Carbon New Material, Cl A | 494,762 | 569,743 | ||||||
Gotion High-tech, Cl A * | 166,468 | 1,122,352 | ||||||
Guangdong Kinlong Hardware Products, Cl A | 41,718 | 1,252,990 | ||||||
Hangzhou Oxygen Plant Group, Cl A | 125,500 | 671,900 |
13 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Hefei Meiya Optoelectronic Technology, Cl A | 87,924 | $ | 758,823 | |||||
Hongfa Technology, Cl A | 96,872 | 940,105 | ||||||
Jiangsu Hengli Hydraulic, Cl A | 167,510 | 2,227,642 | ||||||
Jiangsu Zhongtian Technology, Cl A | 398,577 | 616,911 | ||||||
Metallurgical Corp of China, Cl A | 2,320,721 | 1,070,409 | ||||||
Ming Yang Smart Energy Group, Cl A | 253,900 | 636,238 | ||||||
NARI Technology, Cl A | 711,701 | 2,560,024 | ||||||
Power Construction Corp of China, Cl A | 1,988,691 | 1,191,211 | ||||||
Riyue Heavy Industry, Cl A | 124,600 | 522,248 | ||||||
Sany Heavy Industry, Cl A | 1,088,629 | 4,898,186 | ||||||
SF Holding, Cl A | 584,659 | 6,126,348 | ||||||
Shanghai Construction Group, Cl A | 1,146,430 | 489,741 | ||||||
Shanghai Electric Group, Cl A | 1,384,644 | 908,687 | ||||||
Shanghai International Airport, Cl A * | 123,659 | 921,196 | ||||||
Shanghai International Port Group, Cl A | 1,205,008 | 889,649 | ||||||
Shanghai M&G Stationery, Cl A | 118,955 | 1,556,891 | ||||||
Shenzhen Inovance Technology, Cl A | 331,011 | 3,804,589 | ||||||
Sichuan Road & Bridge, Cl A | 621,800 | 603,432 | ||||||
Sinotrans, Cl A | 563,922 | 440,778 | ||||||
Spring Airlines, Cl A * | 119,161 | 1,049,438 | ||||||
Sungrow Power Supply, Cl A | 186,978 | 3,329,855 | ||||||
Sunwoda Electronic, Cl A | 204,700 | 1,031,603 | ||||||
Suzhou Gold Mantis Construction Decoration, Cl A | 345,541 | 423,580 | ||||||
Suzhou Maxwell Technologies, Cl A | 13,420 | 944,469 | ||||||
TBEA, Cl A | 482,889 | 960,419 | ||||||
Topsec Technologies Group, Cl A | 151,570 | 463,800 | ||||||
Weichai Power, Cl A | 870,471 | 2,407,627 | ||||||
Wuxi Shangji Automation, Cl A | 35,800 | 991,574 | ||||||
XCMG Construction Machinery, Cl A | 1,018,387 | 1,004,066 | ||||||
Xiamen C & D, Cl A | 368,718 | 462,264 | ||||||
Xinjiang Goldwind Science & Technology, Cl A | 448,600 | 844,312 | ||||||
Yantai Eddie Precision Machinery, Cl A | 108,985 | 723,154 | ||||||
YTO Express Group, Cl A | 410,800 | 636,465 | ||||||
Yunda Holding, Cl A | 376,862 | 789,206 | ||||||
Yutong Bus, Cl A | 285,136 | 551,219 | ||||||
Zhefu Holding Group, Cl A | 691,400 | 533,999 | ||||||
Zhejiang Chint Electrics, Cl A | 275,958 | 1,425,737 | ||||||
Zhejiang Dingli Machinery, Cl A | 62,540 | 568,110 | ||||||
Zhejiang HangKe Technology, Cl A | 52,130 | 685,831 | ||||||
Zhejiang Sanhua Intelligent Controls, Cl A | 460,800 | 1,710,299 | ||||||
Zhejiang Weixing New Building Materials, Cl A | 207,043 | 662,386 | ||||||
Zhuzhou Kibing Group, Cl A | 349,200 | 1,003,142 | ||||||
Zoomlion Heavy Industry Science and Technology, Cl H | 907,760 | 1,298,235 | ||||||
115,131,467 |
14 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 12.9% | ||||||||
360 Security Technology, Cl A * | 619,253 | $ | 1,170,291 | |||||
Addsino, Cl A | 208,671 | 609,459 | ||||||
Avary Holding Shenzhen, Cl A | 200,300 | 1,112,356 | ||||||
Beijing BDStar Navigation, Cl A * | 65,399 | 435,969 | ||||||
Beijing E-Hualu Information Technology, Cl A * | 83,644 | 348,385 | ||||||
Beijing Shiji Information Technology, Cl A | 128,779 | 468,606 | ||||||
Beijing Sinnet Technology, Cl A | 198,716 | 442,593 | ||||||
Beijing Yuanliu Hongyuan Electronic Technology, Cl A | 29,800 | 590,018 | ||||||
BOE Technology Group, Cl A | 4,345,245 | 4,196,713 | ||||||
Chaozhou Three-Circle Group, Cl A | 233,131 | 1,530,668 | ||||||
China Greatwall Technology Group, Cl A | 380,681 | 860,249 | ||||||
China National Software & Service, Cl A | 64,242 | 566,071 | ||||||
China Railway Signal & Communication, Cl A | 933,897 | 822,473 | ||||||
China TransInfo Technology, Cl A | 203,525 | 526,071 | ||||||
DHC Software, Cl A | 401,119 | 492,330 | ||||||
Fiberhome Telecommunication Technologies, Cl A | 145,738 | 420,238 | ||||||
Flat Glass Group, Cl A | 147,000 | 899,403 | ||||||
Foxconn Industrial Internet, Cl A | 935,019 | 1,795,984 | ||||||
GCL System Integration Technology, Cl A * | 753,940 | 406,094 | ||||||
Gigadevice Semiconductor Beijing, Cl A | 85,262 | 2,479,662 | ||||||
GoerTek, Cl A | 438,349 | 2,899,779 | ||||||
GRG Banking Equipment, Cl A | 310,167 | 625,533 | ||||||
Guangzhou Haige Communications Group, Cl A | 296,765 | 434,524 | ||||||
Guangzhou Shiyuan Electronic Technology, Cl A | 85,779 | 1,650,166 | ||||||
Hangzhou First Applied Material, Cl A | 118,494 | 1,928,117 | ||||||
Hangzhou Silan Microelectronics, Cl A (A)(B)(C) | 168,400 | 1,468,745 | ||||||
Huagong Tech, Cl A | 129,403 | 471,077 | ||||||
Hundsun Technologies, Cl A | 133,969 | 1,933,586 | ||||||
Iflytek, Cl A | 285,520 | 2,986,518 | ||||||
Ingenic Semiconductor, Cl A | 60,980 | 952,522 | ||||||
JA Solar Technology, Cl A | 138,207 | 1,048,181 | ||||||
JCET Group, Cl A | 228,300 | 1,331,457 | ||||||
Lakala Payment, Cl A | 102,985 | 449,982 | ||||||
Lens Technology, Cl A | 638,166 | 2,904,952 | ||||||
Leyard Optoelectronic, Cl A | 327,464 | 396,352 | ||||||
Lingyi iTech Guangdong, Cl A | 905,600 | 1,288,138 | ||||||
LONGi Green Energy Technology, Cl A | 677,579 | 9,317,059 | ||||||
Luxshare Precision Industry, Cl A | 897,877 | 6,392,710 | ||||||
Maxscend Microelectronics, Cl A | 42,776 | 3,558,681 | ||||||
Montage Technology, Cl A | 98,015 | 946,342 | ||||||
NAURA Technology Group, Cl A | 63,617 | 2,731,232 | ||||||
Ninestar, Cl A | 139,900 | 697,243 | ||||||
OFILM Group, Cl A | 346,905 | 476,797 | ||||||
Raytron Technology, Cl A | 57,690 | 891,399 | ||||||
Sanan Optoelectronics, Cl A | 574,731 | 2,851,038 | ||||||
Sangfor Technologies, Cl A | 53,110 | 2,132,999 | ||||||
SG Micro, Cl A | 30,542 | 1,194,716 | ||||||
Shanghai Baosight Software, Cl A | 145,013 | 1,142,444 | ||||||
Shengyi Technology, Cl A | 297,716 | 1,078,733 |
15 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Shennan Circuits, Cl A | 63,543 | $ | 1,092,973 | |||||
Shenzhen Goodix Technology, Cl A | 59,529 | 1,194,385 | ||||||
Shenzhen Kaifa Technology, Cl A | 202,862 | 600,971 | ||||||
Shenzhen SC New Energy Technology, Cl A | 45,127 | 810,293 | ||||||
Shenzhen Sunlord Electronics, Cl A | 105,000 | 630,080 | ||||||
Shenzhen Sunway Communication, Cl A | 124,545 | 595,270 | ||||||
Suzhou Dongshan Precision Manufacturing, Cl A | 222,292 | 717,021 | ||||||
Thunder Software Technology, Cl A | 55,017 | 1,337,436 | ||||||
Tianjin 712 Communication & Broadcasting, Cl A | 99,340 | 555,062 | ||||||
Tianjin Zhonghuan Semiconductor, Cl A | 389,174 | 2,325,099 | ||||||
Tianma Microelectronics, Cl A | 319,478 | 701,177 | ||||||
Tianshui Huatian Technology, Cl A | 356,239 | 848,575 | ||||||
TongFu Microelectronics, Cl A | 172,785 | 642,911 | ||||||
Unigroup Guoxin Microelectronics, Cl A | 77,875 | 1,858,509 | ||||||
Unisplendour, Cl A | 366,994 | 1,242,844 | ||||||
Universal Scientific Industrial Shanghai, Cl A | 189,600 | 493,306 | ||||||
Will Semiconductor Shanghai, Cl A | 111,328 | 5,548,436 | ||||||
Wingtech Technology, Cl A | 159,700 | 2,395,185 | ||||||
Wuhan Guide Infrared, Cl A | 301,190 | 1,285,717 | ||||||
Wuhu Token Science, Cl A | 316,000 | 403,996 | ||||||
WUS Printed Circuit Kunshan, Cl A | 222,050 | 531,682 | ||||||
Wuxi Lead Intelligent Equipment, Cl A | 94,348 | 878,226 | ||||||
Yealink Network Technology, Cl A | 115,821 | 1,502,248 | ||||||
Yonyou Network Technology, Cl A | 419,690 | 2,160,534 | ||||||
Zhejiang Dahua Technology, Cl A | 384,423 | 1,255,458 | ||||||
Zhejiang Jingsheng Mechanical & Electrical, Cl A | 167,091 | 1,306,035 | ||||||
Zhongji Innolight, Cl A | 92,710 | 552,743 | ||||||
ZTE, Cl A | 495,094 | 2,546,410 | ||||||
112,367,237 | ||||||||
Materials — 9.3% | ||||||||
Aluminum Corp of China, Cl A * | 1,678,300 | 1,376,752 | ||||||
Anhui Conch Cement, Cl A | 513,309 | 3,261,387 | ||||||
Anhui Honglu Steel Construction Group, Cl A | 67,484 | 609,470 | ||||||
Baoshan Iron & Steel, Cl A | 2,857,604 | 3,379,137 | ||||||
BBMG, Cl A | 1,073,712 | 447,044 | ||||||
Chifeng Jilong Gold Mining, Cl A * | 214,200 | 496,971 | ||||||
China Jushi, Cl A | 520,392 | 1,249,259 | ||||||
China Molybdenum, Cl A | 2,266,818 | 1,810,409 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 466,221 | 1,493,732 | ||||||
Ganfeng Lithium, Cl A | 143,165 | 2,683,215 | ||||||
GEM, Cl A | 621,900 | 900,000 | ||||||
Guangdong Hongda Blasting, Cl A | 96,498 | 414,767 | ||||||
Guangzhou Tinci Materials Technology, Cl A | 119,076 | 1,964,311 | ||||||
Hengli Petrochemical, Cl A | 752,702 | 3,057,013 | ||||||
Hengyi Petrochemical, Cl A | 478,507 | 885,047 | ||||||
Hesteel, Cl A | 1,367,259 | 520,591 |
16 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Huafon Chemical, Cl A | 594,700 | $ | 1,307,063 | |||||
Huaxin Cement, Cl A | 177,060 | 481,507 | ||||||
Hunan Valin Steel, Cl A | 796,782 | 813,943 | ||||||
Inner Mongolia BaoTou Steel Union, Cl A * | 5,850,600 | 1,403,597 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group, Cl A | 1,096,945 | 864,197 | ||||||
Jiangsu Eastern Shenghong, Cl A | 413,700 | 1,338,265 | ||||||
Jiangsu Shagang, Cl A | 284,134 | 479,798 | ||||||
Jiangsu Yangnong Chemical, Cl A | 40,299 | 697,156 | ||||||
Jiangsu Yoke Technology, Cl A | 60,200 | 754,730 | ||||||
Jiangxi Copper, Cl A | 269,771 | 934,471 | ||||||
Kingfa Sci & Tech, Cl A | 334,526 | 1,080,076 | ||||||
Lomon Billions Group, Cl A | 287,388 | 1,538,169 | ||||||
Luxi Chemical Group, Cl A | 247,600 | 717,792 | ||||||
Ningxia Baofeng Energy Group, Cl A | 784,200 | 1,660,440 | ||||||
Pangang Group Vanadium Titanium & Resources, Cl A * | 1,105,931 | 391,989 | ||||||
Rongsheng Petrochemical, Cl A | 1,299,313 | 3,473,093 | ||||||
Shandong Gold Mining, Cl A | 463,942 | 1,380,154 | ||||||
Shandong Hualu Hengsheng Chemical, Cl A | 271,399 | 1,300,107 | ||||||
Shandong Nanshan Aluminum, Cl A | 1,553,490 | 865,608 | ||||||
Shandong Sinocera Functional Material, Cl A | 130,500 | 984,681 | ||||||
Shandong Sun Paper Industry JSC, Cl A | 341,138 | 704,891 | ||||||
Shanghai Putailai New Energy Technology, Cl A | 89,072 | 1,883,225 | ||||||
Shanxi Taigang Stainless Steel, Cl A | 740,532 | 858,491 | ||||||
Shenghe Resources Holding, Cl A | 225,900 | 606,983 | ||||||
Shenzhen Capchem Technology, Cl A | 53,378 | 827,002 | ||||||
Sinoma Science & Technology, Cl A | 218,199 | 883,826 | ||||||
Sinopec Shanghai Petrochemical, Cl A | 786,340 | 457,624 | ||||||
Skshu Paint, Cl A | 48,258 | 1,314,596 | ||||||
Tangshan Jidong Cement, Cl A | 173,520 | 331,686 | ||||||
Tongkun Group, Cl A | 297,422 | 1,108,971 | ||||||
Tongling Nonferrous Metals Group, Cl A | 1,355,404 | 570,622 | ||||||
Transfar Zhilian, Cl A | 425,779 | 508,100 | ||||||
Wanhua Chemical Group, Cl A | 402,873 | 6,785,584 | ||||||
Weihai Guangwei Composites, Cl A | 67,377 | 792,045 | ||||||
Xiamen Tungsten, Cl A | 182,680 | 588,966 | ||||||
Yintai Gold, Cl A | 357,543 | 526,283 | ||||||
Yunnan Aluminium, Cl A * | 406,600 | 748,901 | ||||||
Yunnan Energy New Material, Cl A | 113,931 | 4,128,133 | ||||||
Zhejiang Huayou Cobalt, Cl A | 155,659 | 2,751,381 | ||||||
Zhejiang Juhua, Cl A | 351,004 | 480,258 | ||||||
Zhejiang Longsheng Group, Cl A | 422,971 | 899,513 | ||||||
Zhejiang Satellite Petrochemical, Cl A | 220,779 | 1,339,194 | ||||||
Zhongjin Gold, Cl A | 630,079 | 840,645 | ||||||
Zijin Mining Group, Cl A | 2,532,563 | 3,798,345 | ||||||
80,751,206 |
17 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — 2.2% | ||||||||
China Fortune Land Development, Cl A * | 503,930 | $ | 408,707 | |||||
China Merchants Property Operation & Service, Cl A | 136,475 | 362,899 | ||||||
China Merchants Shekou Industrial Zone Holdings, Cl A | 1,016,608 | 1,722,971 | ||||||
China Vanke, Cl A | 1,247,899 | 4,598,850 | ||||||
Financial Street Holdings, Cl A | 384,887 | 402,113 | ||||||
Gemdale, Cl A | 586,807 | 930,049 | ||||||
Greenland Holdings, Cl A | 1,054,508 | 889,522 | ||||||
Jiangsu Zhongnan Construction Group, Cl A | 486,641 | 445,904 | ||||||
Jinke Properties Group, Cl A | 694,866 | 622,716 | ||||||
Poly Developments and Holdings Group, Cl A | 1,535,958 | 2,862,306 | ||||||
RiseSun Real Estate Development, Cl A | 559,850 | 488,721 | ||||||
Seazen Holdings, Cl A | 290,160 | 1,868,277 | ||||||
Shanghai Lingang Holdings, Cl A | 207,622 | 575,224 | ||||||
Shanghai Zhangjiang High-Tech Park Development, Cl A | 201,345 | 569,363 | ||||||
Yango Group, Cl A | 530,542 | 427,005 | ||||||
Youngor Group, Cl A | 601,775 | 613,804 | ||||||
Zhejiang China Commodities City Group, Cl A | 714,400 | 569,455 | ||||||
Zhongtian Financial Group, Cl A * | 901,950 | 381,114 | ||||||
18,739,000 | ||||||||
Utilities — 1.5% | ||||||||
China Yangtze Power, Cl A | 2,399,936 | 7,666,898 | ||||||
ENN Natural Gas, Cl A | 246,600 | 630,160 | ||||||
Huadian Power International, Cl A | 873,985 | 465,343 | ||||||
Huaneng Power International, Cl A | 954,110 | 623,191 | ||||||
SDIC Power Holdings, Cl A | 894,052 | 1,329,831 | ||||||
Shenergy, Cl A | 639,304 | 607,556 | ||||||
Shenzhen Energy Group, Cl A | 515,352 | 731,448 | ||||||
Sichuan Chuantou Energy, Cl A | 476,936 | 910,193 | ||||||
12,964,620 | ||||||||
TOTAL CHINA | 865,537,371 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $636,763,931) | 865,537,371 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $636,763,931) | 865,537,371 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.2% | 1,917,905 | |||||||
NET ASSETS — 100% | $ | 867,455,276 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $2,519,721 and represents 0.3% of Net Assets. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $2,519,721 and represents 0.3% of Net Assets. |
Cl — Class |
JSC — Joint-Stock Company |
18 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bosera MSCI China A Share ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
China | ||||||||||||||||
Communication Services | $ | 11,425,168 | $ | — | $ | — | $ | 11,425,168 | ||||||||
Consumer Discretionary | 67,128,389 | — | 1,050,976 | 68,179,365 | ||||||||||||
Consumer Staples | 157,653,436 | — | — | 157,653,436 | ||||||||||||
Energy | 15,625,664 | — | — | 15,625,664 | ||||||||||||
Financials | 168,354,805 | — | — | 168,354,805 | ||||||||||||
Health Care | 104,345,403 | — | — | 104,345,403 | ||||||||||||
Industrials | 115,131,467 | — | — | 115,131,467 | ||||||||||||
Information Technology | 110,898,492 | — | 1,468,745 | 112,367,237 | ||||||||||||
Materials | 80,751,206 | — | — | 80,751,206 | ||||||||||||
Real Estate | 18,739,000 | — | — | 18,739,000 | ||||||||||||
Utilities | 12,964,620 | — | — | 12,964,620 | ||||||||||||
Total Common Stock | 863,017,650 | — | 2,519,721 | 865,537,371 | ||||||||||||
Total Investments in Securities | $ | 863,017,650 | $ | — | $ | 2,519,721 | $ | 865,537,371 |
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-003-1500
19 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bloomberg Barclays China Bond Inclusion Index ETF †
Face | Value | |||||||
GLOBAL BONDS — 81.7% | ||||||||
China — 81.7% | ||||||||
Agricultural Development Bank of China | ||||||||
4.180%, 05/04/2022 | 3,790,000 | $ | 594,502 | |||||
China Development Bank | ||||||||
3.650%, 05/21/2029 | 3,120,000 | 487,467 | ||||||
3.300%, 03/03/2026 | 2,360,000 | 366,481 | ||||||
3.090%, 06/18/2030 | 820,000 | 122,607 | ||||||
China Everbright Bank | ||||||||
3.450%, 03/24/2024 | 10,000,000 | 1,556,343 | ||||||
China Government Bond | ||||||||
4.080%, 10/22/2048 | 1,190,000 | 197,160 | ||||||
4.050%, 07/24/2047 | 930,000 | 152,319 | ||||||
3.390%, 03/16/2050 | 1,560,000 | 228,276 | ||||||
3.290%, 05/23/2029 | 1,600,000 | 250,722 | ||||||
3.280%, 12/03/2027 | 1,750,000 | 274,652 | ||||||
3.220%, 12/06/2025 | 3,260,000 | 510,434 | ||||||
2.750%, 08/08/2022 | 2,240,000 | 347,548 | ||||||
2.360%, 07/02/2023 | 2,950,000 | 453,453 | ||||||
1.990%, 04/09/2025 | 1,710,000 | 255,984 | ||||||
China National Petroleum, MTN | ||||||||
3.580%, 10/17/2024 | 10,000,000 | 1,557,707 | ||||||
China Southern Power Grid, MTN | ||||||||
4.870%, 04/12/2023 | 10,000,000 | 1,590,393 | ||||||
Export-Import Bank of China | ||||||||
3.860%, 05/20/2029 | 1,030,000 | 162,761 | ||||||
3.230%, 03/23/2030 | 1,160,000 | 175,455 | ||||||
2.930%, 03/02/2025 | 1,240,000 | 190,296 | ||||||
2.050%, 04/07/2022 | 3,040,000 | 468,811 | ||||||
TOTAL GLOBAL BONDS | ||||||||
(Cost $10,134,745) | 9,943,371 | |||||||
TOTAL INVESTMENTS — 81.7% | ||||||||
(Cost $10,134,745) | 9,943,371 | |||||||
OTHER ASSETS LESS LIABILITIES — 18.3% | 2,232,067 | |||||||
NET ASSETS — 100% | $ | 12,175,438 | ||||||
(A) | In CNY unless otherwise indicated. |
† | Effective June 4, 2021, the name of the Fund changed from KraneShares E Fund China Commercial Paper ETF to KraneShares Bloomberg Barclays China Bond Inclusion Index ETF. |
MTN — Medium Term Note |
20 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Bloomberg Barclays China Bond Inclusion Index ETF †
As of June 30, 2021, all of the Fund’s investments were considered Level 2 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-004-1400
21 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.2%‡ | ||||||||
CHINA — 95.2% | ||||||||
Communication Services — 13.4% | ||||||||
Autohome ADR | 380 | $ | 24,305 | |||||
Baidu ADR * | 1,562 | 318,492 | ||||||
Focus Media Information Technology, Cl A | 24,800 | 36,120 | ||||||
iQIYI ADR * | 2,161 | 33,668 | ||||||
JOYY ADR | 367 | 24,211 | ||||||
Momo ADR * | 821 | 12,570 | ||||||
NetEase ADR | 2,810 | 323,852 | ||||||
Oriental Pearl Group, Cl A | 14,440 | 18,305 | ||||||
Tencent Holdings | 29,958 | 2,252,873 | ||||||
Tencent Music Entertainment Group ADR * | 2,182 | 33,777 | ||||||
Weibo ADR * | 378 | 19,890 | ||||||
3,098,063 | ||||||||
Consumer Discretionary — 29.5% | ||||||||
Alibaba Group Holding * | 80,808 | 2,289,223 | ||||||
ANTA Sports Products | 13,000 | 306,006 | ||||||
BYD, Cl A | 4,000 | 155,398 | ||||||
BYD, Cl H | 6,500 | 194,351 | ||||||
China Grand Automotive Services Group, Cl A * | 5,100 | 2,273 | ||||||
China Tourism Group Duty Free, Cl A | 3,900 | 181,151 | ||||||
Chongqing Changan Automobile, Cl A | 27,400 | 111,452 | ||||||
Dongfeng Motor Group, Cl H | 26,000 | 23,369 | ||||||
Fuyao Glass Industry Group, Cl A | 14,300 | 123,615 | ||||||
Geely Automobile Holdings | 38,000 | 119,639 | ||||||
Great Wall Motor, Cl H | 39,500 | 127,668 | ||||||
Guangzhou Automobile Group, Cl H | 28,000 | 25,131 | ||||||
Haier Smart Home, Cl A | 14,400 | 57,748 | ||||||
Haier Smart Home, Cl H | 19,000 | 66,303 | ||||||
Huayu Automotive Systems, Cl A | 7,900 | 32,122 | ||||||
Huazhu Group ADR * | 887 | 46,842 | ||||||
JD.com ADR * | 6,800 | 542,708 | ||||||
Meituan, Cl B * | 16,900 | 697,253 | ||||||
NavInfo, Cl A * | 11,700 | 26,620 | ||||||
New Oriental Education & Technology Group ADR * | 11,700 | 95,823 | ||||||
NIO ADR * | 12,570 | 668,724 | ||||||
Pinduoduo ADR * | 2,028 | 257,597 | ||||||
SAIC Motor, Cl A | 12,857 | 43,720 | ||||||
Shenzhen Overseas Chinese Town, Cl A | 31,200 | 35,928 | ||||||
Shenzhou International Group Holdings | 6,500 | 164,135 | ||||||
Suning.com, Cl A *(A)(B)(C) | 22,200 | 19,070 | ||||||
Suofeiya Home Collection, Cl A | 5,300 | 19,852 | ||||||
TAL Education Group ADR * | 2,287 | 57,701 | ||||||
Trip.com Group ADR * | 3,394 | 120,351 | ||||||
Vipshop Holdings ADR * | 3,341 | 67,087 | ||||||
Yum China Holdings | 2,094 | 138,728 | ||||||
6,817,588 |
22 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — 8.3% | ||||||||
Anhui Gujing Distillery, Cl A | 2,400 | $ | 88,967 | |||||
China Mengniu Dairy | 17,000 | 102,777 | ||||||
China Resources Beer Holdings | 24,000 | 215,559 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 6,708 | 133,883 | ||||||
Guangdong Haid Group, Cl A | 8,900 | 112,406 | ||||||
Henan Shuanghui Investment & Development, Cl A | 8,900 | 43,805 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 13,100 | 74,676 | ||||||
Jiangsu Yanghe Brewery Joint-Stock, Cl A | 2,700 | 86,589 | ||||||
Kweichow Moutai, Cl A | 1,400 | 445,666 | ||||||
Luzhou Laojiao, Cl A | 3,900 | 142,422 | ||||||
Muyuan Foods, Cl A | 14,602 | 137,458 | ||||||
New Hope Liuhe, Cl A * | 23,400 | 53,132 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 2,400 | 166,418 | ||||||
Sun Art Retail Group | 19,500 | 14,514 | ||||||
Tingyi Cayman Islands Holding | 24,000 | 47,902 | ||||||
Want Want China Holdings | 39,000 | 27,621 | ||||||
Yonghui Superstores, Cl A | 27,300 | 19,986 | ||||||
1,913,781 | ||||||||
Energy — 1.5% | ||||||||
China Oilfield Services, Cl H | 26,000 | 23,302 | ||||||
China Petroleum & Chemical, Cl A | 48,100 | 32,459 | ||||||
China Petroleum & Chemical, Cl H | 160,500 | 81,223 | ||||||
China Shenhua Energy, Cl H | 19,500 | 38,217 | ||||||
Offshore Oil Engineering, Cl A | 32,600 | 22,706 | ||||||
PetroChina, Cl A | 29,800 | 24,400 | ||||||
PetroChina, Cl H | 127,984 | 62,296 | ||||||
Shaanxi Coal Industry, Cl A | 20,800 | 38,150 | ||||||
Shanxi Lu’an Environmental Energy Development, Cl A | 13,000 | 23,763 | ||||||
346,516 | ||||||||
Financials — 15.5% | ||||||||
Agricultural Bank of China, Cl A | 118,400 | 55,527 | ||||||
Agricultural Bank of China, Cl H | 182,397 | 63,415 | ||||||
AVIC Industry-Finance Holdings, Cl A | 39,100 | 23,421 | ||||||
Bank of Beijing, Cl A | 50,700 | 38,216 | ||||||
Bank of China, Cl A | 62,900 | 29,985 | ||||||
Bank of China, Cl H | 417,396 | 149,956 | ||||||
Bank of Communications, Cl A | 78,000 | 59,156 | ||||||
Bank of Communications, Cl H | 53,000 | 35,625 | ||||||
Bank of Hangzhou, Cl A | 24,800 | 56,618 | ||||||
Bank of Jiangsu, Cl A | 40,400 | 44,397 | ||||||
Bank of Nanjing, Cl A | 26,100 | 42,498 | ||||||
Bank of Ningbo, Cl A | 12,800 | 77,206 | ||||||
Bank of Shanghai, Cl A | 33,904 | 43,030 |
23 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Changjiang Securities, Cl A | 37,800 | $ | 42,826 | |||||
China CITIC Bank, Cl H | 53,000 | 25,115 | ||||||
China Construction Bank, Cl A | 22,200 | 22,850 | ||||||
China Construction Bank, Cl H | 558,000 | 439,022 | ||||||
China Everbright Bank, Cl A | 97,500 | 57,044 | ||||||
China Life Insurance, Cl H | 39,483 | 78,296 | ||||||
China Merchants Bank, Cl A | 31,300 | 262,527 | ||||||
China Merchants Bank, Cl H | 25,000 | 213,274 | ||||||
China Merchants Securities, Cl A | 16,900 | 49,752 | ||||||
China Minsheng Banking, Cl A | 57,200 | 39,043 | ||||||
China Minsheng Banking, Cl H | 59,000 | 28,262 | ||||||
China Pacific Insurance Group, Cl A | 9,200 | 41,252 | ||||||
CITIC Securities, Cl A | 20,700 | 79,906 | ||||||
Everbright Securities, Cl A | 18,200 | 50,395 | ||||||
Founder Securities, Cl A | 31,200 | 45,200 | ||||||
GF Securities, Cl A | 9,200 | 21,559 | ||||||
Guosen Securities, Cl A | 20,800 | 34,608 | ||||||
Guotai Junan Securities, Cl A | 14,300 | 37,936 | ||||||
Haitong Securities, Cl A | 22,100 | 39,337 | ||||||
Huatai Securities, Cl A | 11,800 | 28,857 | ||||||
Huaxia Bank, Cl A | 33,900 | 32,479 | ||||||
Hubei Biocause Pharmaceutical, Cl A | 22,200 | 12,439 | ||||||
Industrial & Commercial Bank of China, Cl A | 91,000 | 72,819 | ||||||
Industrial Bank, Cl A | 35,200 | 111,960 | ||||||
Industrial Securities, Cl A | 48,069 | 71,871 | ||||||
New China Life Insurance, Cl A | 3,900 | 27,713 | ||||||
New China Life Insurance, Cl H | 7,900 | 26,958 | ||||||
Noah Holdings ADR * | 807 | 38,090 | ||||||
Orient Securities, Cl A | 24,700 | 38,192 | ||||||
PICC Property & Casualty, Cl H | 49,510 | 43,352 | ||||||
Ping An Bank, Cl A | 36,391 | 127,408 | ||||||
Ping An Insurance Group of China, Cl A | 18,000 | 179,085 | ||||||
Ping An Insurance Group of China, Cl H | 32,500 | 318,269 | ||||||
Shanghai Pudong Development Bank, Cl A | 52,000 | 80,485 | ||||||
Shenwan Hongyuan Group, Cl A | 58,600 | 42,448 | ||||||
3,579,679 | ||||||||
Health Care — 7.2% | ||||||||
3SBio * | 13,000 | 16,070 | ||||||
Alibaba Health Information Technology * | 28,000 | 62,087 | ||||||
Beijing Tongrentang, Cl A | 1,544 | 9,762 | ||||||
Changchun High & New Technology Industry Group, Cl A | 2,400 | 143,758 | ||||||
China Medical System Holdings | 14,000 | 36,867 | ||||||
China Traditional Chinese Medicine Holdings * | 28,000 | 19,181 | ||||||
CSPC Pharmaceutical Group | 61,520 | 89,042 | ||||||
Dong-E-E-Jiao, Cl E | 5,200 | 28,902 | ||||||
Genscript Biotech * | 24,000 | 104,766 |
24 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 4,000 | $ | 20,957 | |||||
Huadong Medicine, Cl A | 5,080 | 36,177 | ||||||
Hualan Biological Engineering, Cl A | 10,480 | 59,498 | ||||||
Hutchmed China ADR * | 1,772 | 69,587 | ||||||
Jiangsu Hengrui Medicine, Cl A | 11,016 | 115,892 | ||||||
Meinian Onehealth Healthcare Holdings, Cl A * | 12,860 | 18,133 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 6,600 | 73,684 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H | 6,000 | 48,443 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 13,000 | 42,516 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 4,000 | 12,351 | ||||||
Sinopharm Group, Cl H | 10,400 | 30,935 | ||||||
Tasly Pharmaceutical Group, Cl A | 1,500 | 3,438 | ||||||
Tonghua Dongbao Pharmaceutical, Cl A | 9,100 | 16,817 | ||||||
Wuxi Biologics Cayman * | 16,000 | 293,181 | ||||||
Yunnan Baiyao Group, Cl A | 2,600 | 46,569 | ||||||
Zai Lab ADR * | 380 | 67,256 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 2,400 | 166,529 | ||||||
Zhejiang NHU, Cl A | 9,360 | 41,550 | ||||||
1,673,948 | ||||||||
Industrials — 5.7% | ||||||||
51job ADR * | 237 | 18,431 | ||||||
AECC Aviation Power, Cl A | 6,600 | 54,336 | ||||||
AVIC Electromechanical Systems, Cl A | 13,000 | 20,262 | ||||||
Beijing Capital International Airport, Cl H * | 24,000 | 15,916 | ||||||
China Conch Venture Holdings | 13,000 | 54,740 | ||||||
China Eastern Airlines, Cl A * | 44,300 | 34,832 | ||||||
China Everbright Environment Group | 26,323 | 14,914 | ||||||
China Gezhouba Group, Cl A | 18,300 | 21,215 | ||||||
China Merchants Port Holdings | 24,741 | 36,128 | ||||||
China Railway Group, Cl H | 39,000 | 20,339 | ||||||
China Southern Airlines, Cl A * | 17,000 | 15,840 | ||||||
CITIC | 30,780 | 33,175 | ||||||
COSCO SHIPPING Holdings, Cl A * | 49,400 | 233,510 | ||||||
Daqin Railway, Cl A | 30,000 | 30,553 | ||||||
Fosun International | 19,500 | 28,073 | ||||||
Guangzhou Baiyun International Airport, Cl A | 13,000 | 22,495 | ||||||
Jiangsu Expressway, Cl H | 26,000 | 29,429 | ||||||
Metallurgical Corp of China, Cl A | 74,100 | 34,178 | ||||||
Power Construction Corp of China, Cl A | 33,900 | 20,306 | ||||||
Sany Heavy Industry, Cl A | 23,400 | 105,286 | ||||||
Shanghai International Airport, Cl A * | 2,600 | 19,369 | ||||||
Shanghai International Port Group, Cl A | 23,400 | 17,276 | ||||||
Shenzhen International Holdings | 23,290 | 32,210 | ||||||
Suzhou Gold Mantis Construction Decoration, Cl A | 14,400 | 17,652 | ||||||
Weichai Power, Cl A | 29,788 | 82,390 | ||||||
Xinjiang Goldwind Science & Technology, Cl A | 18,249 | 34,347 | ||||||
Yutong Bus, Cl A | 11,744 | 22,703 | ||||||
Zhejiang Chint Electrics, Cl A | 6,500 | 33,582 |
25 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Zhejiang Sanhua Intelligent Controls, Cl A | 18,112 | $ | 67,224 | |||||
Zhuzhou CRRC Times Electric, Cl H * | 5,200 | 30,735 | ||||||
Zoomlion Heavy Industry Science and Technology, Cl A | 29,800 | 42,618 | ||||||
ZTO Express Cayman ADR * | 2,458 | 74,600 | ||||||
1,318,664 | ||||||||
Information Technology — 6.1% | ||||||||
AAC Technologies Holdings | 6,500 | 48,630 | ||||||
Aisino, Cl A | 1,600 | 3,227 | ||||||
BOE Technology Group, Cl A | 84,600 | 81,708 | ||||||
DHC Software, Cl A | 17,000 | 20,866 | ||||||
GDS Holdings ADR * | 508 | 39,873 | ||||||
Hanergy Thin Film Power Group *(A)(B)(C) | 4,364 | — | ||||||
Hengtong Optic-electric, Cl A | 6,600 | 11,645 | ||||||
Iflytek, Cl A | 5,300 | 55,438 | ||||||
Kingdee International Software Group * | 26,000 | 88,220 | ||||||
Kingsoft | 24,000 | 143,861 | ||||||
Lenovo Group | 52,000 | 59,795 | ||||||
LONGi Green Energy Technology, Cl A | 14,392 | 197,897 | ||||||
Luxshare Precision Industry, Cl A | 20,674 | 147,195 | ||||||
OFILM Group, Cl A | 11,682 | 16,056 | ||||||
Sanan Optoelectronics, Cl A | 14,300 | 70,937 | ||||||
Sunny Optical Technology Group | 5,100 | 161,159 | ||||||
Tianma Microelectronics, Cl A | 13,000 | 28,532 | ||||||
TravelSky Technology, Cl H | 12,000 | 25,898 | ||||||
Unigroup Guoxin Microelectronics, Cl A | 3,700 | 88,301 | ||||||
Yonyou Network Technology, Cl A | 9,225 | 47,490 | ||||||
Zhejiang Dahua Technology, Cl A | 9,100 | 29,719 | ||||||
ZTE, Cl H | 13,000 | 40,594 | ||||||
1,407,041 | ||||||||
Materials — 3.2% | ||||||||
Anhui Conch Cement, Cl A | 6,500 | 41,299 | ||||||
Anhui Conch Cement, Cl H | 10,000 | 53,053 | ||||||
Baoshan Iron & Steel, Cl A | 32,600 | 38,550 | ||||||
BBMG, Cl A | 50,700 | 21,109 | ||||||
China Molybdenum, Cl H | 105,000 | 62,331 | ||||||
China National Building Material, Cl H | 28,000 | 32,882 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 18,300 | 58,632 | ||||||
China Resources Cement Holdings | 26,000 | 24,708 | ||||||
Ganfeng Lithium, Cl A | 3,900 | 73,094 | ||||||
Hesteel, Cl A | 57,200 | 21,779 | ||||||
Inner Mongolia BaoTou Steel Union, Cl A * | 114,500 | 27,469 | ||||||
Rongsheng Petrochemical, Cl A | 21,150 | 56,534 | ||||||
Shandong Hualu Hengsheng Chemical, Cl A | 10,140 | 48,575 | ||||||
Sinopec Shanghai Petrochemical, Cl A | 58,600 | 34,103 | ||||||
Tianqi Lithium, Cl A * | 1,140 | 10,943 |
26 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Zhejiang Huayou Cobalt, Cl A | 2,480 | $ | 43,836 | |||||
Zhejiang Longsheng Group, Cl A | 19,500 | 41,470 | ||||||
Zijin Mining Group, Cl A | 32,600 | 48,894 | ||||||
739,261 | ||||||||
Real Estate — 2.8% | ||||||||
China Evergrande Group | 13,000 | 16,941 | ||||||
China Fortune Land Development, Cl A * | 2,420 | 1,963 | ||||||
China Jinmao Holdings Group | 52,000 | 17,409 | ||||||
China Merchants Shekou Industrial Zone Holdings, Cl A | 15,600 | 26,439 | ||||||
China Overseas Land & Investment | 31,839 | 72,322 | ||||||
China Resources Land | 24,214 | 98,061 | ||||||
China Vanke, Cl A | 15,543 | 57,280 | ||||||
China Vanke, Cl H | 9,000 | 28,162 | ||||||
CIFI Holdings Group | 53,195 | 41,510 | ||||||
Gemdale, Cl A | 18,200 | 28,846 | ||||||
Greenland Holdings, Cl A | 31,200 | 26,318 | ||||||
Guangzhou R&F Properties | 10,800 | 12,322 | ||||||
KWG Group Holdings | 18,773 | 25,141 | ||||||
Longfor Group Holdings | 13,000 | 72,819 | ||||||
Poly Developments and Holdings Group, Cl A | 22,200 | 41,370 | ||||||
Seazen Holdings, Cl A | 5,200 | 33,482 | ||||||
Shimao Group Holdings | 7,000 | 17,162 | ||||||
Xinhu Zhongbao, Cl A | 54,700 | 25,738 | ||||||
643,285 | ||||||||
Utilities — 2.0% | ||||||||
Beijing Enterprises Water Group | 52,000 | 19,686 | ||||||
China Gas Holdings | 18,600 | 56,764 | ||||||
China Longyuan Power Group, Cl H | 26,000 | 44,796 | ||||||
China Resources Gas Group | 6,000 | 36,004 | ||||||
China Resources Power Holdings | 24,000 | 32,759 | ||||||
ENN Energy Holdings | 3,982 | 75,785 | ||||||
Guangdong Investment | 40,000 | 57,482 | ||||||
Huadian Power International, Cl A | 44,200 | 23,534 | ||||||
Huaneng Power International, Cl H | 89,077 | 34,870 | ||||||
SDIC Power Holdings, Cl A | 23,400 | 34,806 | ||||||
Sichuan Chuantou Energy, Cl A | 23,500 | 44,848 | ||||||
461,334 | ||||||||
TOTAL CHINA | 21,999,160 |
27 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
HONG KONG — 4.0% | ||||||||
Communication Services — 0.2% | ||||||||
Alibaba Pictures Group * | 260,000 | $ | 36,158 | |||||
Consumer Discretionary — 0.1% | ||||||||
Brilliance China Automotive Holdings (A)(B)(C) | 28,000 | 26,320 | ||||||
Energy — 0.2% | ||||||||
Yanzhou Coal Mining, Cl H | 26,000 | 34,953 | ||||||
Financials — 2.3% | ||||||||
China Cinda Asset Management, Cl H | 180,504 | 34,400 | ||||||
China Galaxy Securities, Cl H | 65,500 | 39,051 | ||||||
China Huarong Asset Management, Cl H *(A)(B)(C) | 298,000 | 37,222 | ||||||
China Pacific Insurance Group, Cl H | 18,400 | 57,931 | ||||||
China Taiping Insurance Holdings | 10,600 | 17,635 | ||||||
CITIC Securities, Cl H | 13,000 | 32,609 | ||||||
Far East Horizon | 14,000 | 14,639 | ||||||
GF Securities, Cl H | 26,000 | 33,681 | ||||||
Huatai Securities, Cl H | 15,800 | 23,194 | ||||||
Industrial & Commercial Bank of China, Cl H | 375,441 | 220,454 | ||||||
People’s Insurance Group of China, Cl H | 52,452 | 17,493 | ||||||
528,309 | ||||||||
Health Care — 0.3% | ||||||||
Sino Biopharmaceutical | 63,500 | 62,307 | ||||||
Information Technology — 0.2% | ||||||||
Kingboard Holdings | 7,000 | 38,850 | ||||||
Materials — 0.2% | ||||||||
Nine Dragons Paper Holdings | 40,000 | 51,302 | ||||||
Real Estate — 0.5% | ||||||||
Country Garden Holdings | 63,612 | 71,264 | ||||||
Sunac China Holdings | 13,000 | 44,612 | ||||||
115,876 | ||||||||
TOTAL HONG KONG | 894,075 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $22,190,273) | 22,893,235 | |||||||
TOTAL INVESTMENTS — 99.2% | ||||||||
(Cost $22,190,273) | 22,893,235 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.8% | 194,419 | |||||||
NET ASSETS — 100% | $ | 23,087,654 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
28 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Index ETF
(A) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $82,612 and represents 0.4% of Net Assets. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $82,612 and represents 0.4% of Net Assets. |
ADR — American Depositary Receipt |
Cl — Class |
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
China | ||||||||||||||||
Communication Services | $ | 3,098,063 | $ | — | $ | — | $ | 3,098,063 | ||||||||
Consumer Discretionary | 6,798,518 | — | 19,070 | 6,817,588 | ||||||||||||
Consumer Staples | 1,913,781 | — | — | 1,913,781 | ||||||||||||
Energy | 346,516 | — | — | 346,516 | ||||||||||||
Financials | 3,579,679 | — | — | 3,579,679 | ||||||||||||
Health Care | 1,673,948 | — | — | 1,673,948 | ||||||||||||
Industrials | 1,318,664 | — | — | 1,318,664 | ||||||||||||
Information Technology | 1,407,041 | — | — | 1,407,041 | ||||||||||||
Materials | 739,261 | — | — | 739,261 | ||||||||||||
Real Estate | 643,285 | — | — | 643,285 | ||||||||||||
Utilities | 461,334 | — | — | 461,334 | ||||||||||||
Hong Kong | ||||||||||||||||
Communication Services | 36,158 | — | — | 36,158 | ||||||||||||
Consumer Discretionary | — | — | 26,320 | 26,320 | ||||||||||||
Energy | 34,953 | — | — | 34,953 | ||||||||||||
Financials | 491,087 | — | 37,222 | 528,309 | ||||||||||||
Health Care | 62,307 | — | — | 62,307 | ||||||||||||
Information Technology | 38,850 | — | — | 38,850 | ||||||||||||
Materials | 51,302 | — | — | 51,302 | ||||||||||||
Real Estate | 115,876 | — | — | 115,876 | ||||||||||||
Total Common Stock | 22,810,623 | — | 82,612 | 22,893,235 | ||||||||||||
Total Investments in Securities | $ | 22,810,623 | $ | — | $ | 82,612 | $ | 22,893,235 |
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-011-0700
29 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — 98.4%‡ | ||||||||
CHINA — 45.0% | ||||||||
Energy — 1.7% | ||||||||
China Petroleum & Chemical, Cl H | 332,000 | $ | 168,012 | |||||
Guanghui Energy, Cl A * | 30,100 | 15,514 | ||||||
183,526 | ||||||||
Financials — 4.1% | ||||||||
Bank of Chengdu, Cl A | 15,700 | 30,716 | ||||||
Bank of Guiyang, Cl A | 16,227 | 17,983 | ||||||
Bank of Hangzhou, Cl A | 26,700 | 60,956 | ||||||
Bank of Jiangsu, Cl A | 63,455 | 69,732 | ||||||
Bank of Nanjing, Cl A | 43,991 | 71,629 | ||||||
Bank of Ningbo, Cl A | 25,046 | 151,070 | ||||||
Chongqing Rural Commercial Bank, Cl H | 33,425 | 13,213 | ||||||
Qingdao Rural Commercial Bank, Cl A | 24,800 | 16,429 | ||||||
431,728 | ||||||||
Industrials — 25.3% | ||||||||
Beijing New Building Materials, Cl A | 7,408 | 45,004 | ||||||
Beijing-Shanghai High Speed Railway, Cl A | 172,800 | 141,485 | ||||||
China Communications Services, Cl H | 36,000 | 17,987 | ||||||
China Conch Venture Holdings | 24,500 | 103,163 | ||||||
China Gezhouba Group, Cl A | 14,550 | 16,868 | ||||||
China Lesso Group Holdings | 16,000 | 39,475 | ||||||
China Railway Group, Cl H | 56,500 | 29,466 | ||||||
China Railway Hi-tech Industry, Cl A | 7,976 | 10,000 | ||||||
China State Construction Engineering, Cl A | 165,800 | 119,329 | ||||||
Contemporary Amperex Technology, Cl A | 9,800 | 811,200 | ||||||
Daqin Railway, Cl A | 58,432 | 59,509 | ||||||
Dongfang Electric, Cl A | 12,400 | 21,054 | ||||||
Gotion High-tech, Cl A * | 5,800 | 39,104 | ||||||
Guangdong Kinlong Hardware Products, Cl A | 1,300 | 39,045 | ||||||
Hangzhou Oxygen Plant Group, Cl A | 4,100 | 21,950 | ||||||
Jiangsu Expressway, Cl H | 18,000 | 20,374 | ||||||
Jiangsu Hengli Hydraulic, Cl A | 5,800 | 77,132 | ||||||
Metallurgical Corp of China, Cl A | 79,200 | 36,530 | ||||||
Ming Yang Smart Energy Group, Cl A | 8,800 | 22,052 | ||||||
NARI Technology, Cl A | 24,000 | 86,329 | ||||||
Riyue Heavy Industry, Cl A | 4,400 | 18,442 | ||||||
Sany Heavy Equipment International Holdings | 15,000 | 15,201 | ||||||
Sany Heavy Industry, Cl A | 37,200 | 167,378 | ||||||
Shanghai Construction Group, Cl A | 39,700 | 16,959 | ||||||
Shanghai Electric Group, Cl A | 47,600 | 31,238 | ||||||
Shanghai International Port Group, Cl A | 42,010 | 31,016 | ||||||
Shenzhen Inovance Technology, Cl A | 11,250 | 129,306 | ||||||
Shenzhen International Holdings | 18,572 | 25,685 |
30 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Sichuan Road & Bridge, Cl A | 21,300 | $ | 20,671 | |||||
Sinotruk Hong Kong | 10,500 | 22,498 | ||||||
Suzhou Gold Mantis Construction Decoration, Cl A | 11,800 | 14,465 | ||||||
Suzhou Maxwell Technologies, Cl A | 400 | 28,151 | ||||||
TBEA, Cl A | 16,875 | 33,563 | ||||||
Topsec Technologies Group, Cl A | 5,100 | 15,606 | ||||||
Wuxi Shangji Automation, Cl A | 1,200 | 33,237 | ||||||
XCMG Construction Machinery, Cl A | 34,648 | 34,161 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 11,600 | 18,134 | ||||||
Yangzijiang Shipbuilding Holdings | 54,100 | 56,748 | ||||||
Yantai Eddie Precision Machinery, Cl A | 3,780 | 25,082 | ||||||
Yutong Bus, Cl A | 9,597 | 18,552 | ||||||
Zhefu Holding Group, Cl A | 23,900 | 18,459 | ||||||
Zhejiang Expressway, Cl H | 22,000 | 19,576 | ||||||
Zhejiang Weixing New Building Materials, Cl A | 7,200 | 23,035 | ||||||
Zhuzhou CRRC Times Electric, Cl H * | 8,100 | 47,875 | ||||||
Zhuzhou Kibing Group, Cl A | 12,000 | 34,472 | ||||||
Zoomlion Heavy Industry Science and Technology | 19,000 | 19,891 | ||||||
2,676,457 | ||||||||
Materials — 3.2% | ||||||||
Anhui Conch Cement, Cl H | 17,000 | 90,190 | ||||||
China National Building Material, Cl H | 57,000 | 66,939 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 15,524 | 49,737 | ||||||
China Resources Cement Holdings | 36,000 | 34,211 | ||||||
Guangdong Hongda Blasting, Cl A | 3,400 | 14,614 | ||||||
Huaxin Cement, Cl A | 6,000 | 16,317 | ||||||
Shenghe Resources Holding, Cl A | 7,100 | 19,077 | ||||||
Tangshan Jidong Cement, Cl A | 5,400 | 10,322 | ||||||
Xiamen Tungsten, Cl A | 6,100 | 19,667 | ||||||
Yintai Gold, Cl A | 12,100 | 17,811 | ||||||
338,885 | ||||||||
Utilities — 10.7% | ||||||||
Beijing Enterprises Holdings | 8,000 | 28,381 | ||||||
China Gas Holdings | 44,200 | 134,891 | ||||||
China Longyuan Power Group, Cl H | 49,000 | 84,423 | ||||||
China Power International Development | 59,000 | 12,915 | ||||||
China Resources Gas Group | 13,500 | 81,009 | ||||||
China Resources Power Holdings | 28,635 | 39,085 | ||||||
China Yangtze Power, Cl A | 94,400 | 301,573 | ||||||
ENN Energy Holdings | 11,100 | 211,256 | ||||||
GD Power Development, Cl A | 73,800 | 27,757 | ||||||
Huadian Power International, Cl A | 30,042 | 15,996 | ||||||
Huaneng Power International, Cl H | 53,000 | 20,747 | ||||||
Kunlun Energy | 58,000 | 53,475 | ||||||
SDIC Power Holdings, Cl A | 31,006 | 46,119 |
31 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — continued | ||||||||
Shenergy, Cl A | 21,919 | $ | 20,831 | |||||
Shenzhen Energy Group, Cl A | 13,900 | 19,728 | ||||||
Sichuan Chuantou Energy, Cl A | 16,384 | 31,267 | ||||||
1,129,453 | ||||||||
TOTAL CHINA | 4,760,049 | |||||||
HONG KONG — 0.3% | ||||||||
Industrials — 0.3% | ||||||||
Hutchison Port Holdings Trust, Cl U | 118,700 | 26,708 | ||||||
TOTAL HONG KONG | 26,708 | |||||||
INDIA — 1.7% | ||||||||
Industrials — 0.4% | ||||||||
AIA Engineering | 1,575 | 45,348 | ||||||
Materials — 1.3% | ||||||||
PI Industries | 3,028 | 118,562 | ||||||
Vinati Organics | 941 | 23,167 | ||||||
141,729 | ||||||||
TOTAL INDIA | 187,077 | |||||||
INDONESIA — 1.7% | ||||||||
Energy — 0.4% | ||||||||
Adaro Energy | 520,800 | 43,280 | ||||||
Materials — 1.3% | ||||||||
Barito Pacific | 1,013,700 | 59,773 | ||||||
Indah Kiat Pulp & Paper | 99,000 | 50,866 | ||||||
Pabrik Kertas Tjiwi Kimia | 50,700 | 27,273 | ||||||
137,912 | ||||||||
TOTAL INDONESIA | 181,192 | |||||||
ISRAEL — 2.0% | ||||||||
Materials — 2.0% | ||||||||
ICL Group | 25,470 | 172,822 | ||||||
Israel * | 137 | 41,523 | ||||||
TOTAL ISRAEL | 214,345 | |||||||
JORDAN — 0.3% | ||||||||
Financials — 0.3% | ||||||||
Arab Bank | 4,626 | 34,646 | ||||||
TOTAL JORDAN | 34,646 |
32 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
KAZAKHSTAN — 0.7% | ||||||||
Energy — 0.7% | ||||||||
NAC Kazatomprom JSC GDR | 2,400 | $ | 74,655 | |||||
TOTAL KAZAKHSTAN | 74,655 | |||||||
KUWAIT — 5.0% | ||||||||
Financials — 3.8% | ||||||||
Kuwait Finance House KSCP | 158,773 | 399,962 | ||||||
Industrials — 1.2% | ||||||||
Agility Public Warehousing KSC | 42,053 | 128,127 | ||||||
TOTAL KUWAIT | 528,089 | |||||||
MALAYSIA — 2.2% | ||||||||
Industrials — 0.7% | ||||||||
Pentamaster | 18,100 | 20,186 | ||||||
Sime Darby | 98,900 | 51,934 | ||||||
72,120 | ||||||||
Materials — 1.5% | ||||||||
Petronas Chemicals Group | 82,500 | 160,171 | ||||||
TOTAL MALAYSIA | 232,291 | |||||||
PHILIPPINES — 3.0% | ||||||||
Industrials — 3.0% | ||||||||
Aboitiz Equity Ventures | 69,600 | 60,097 | ||||||
International Container Terminal Services | 35,160 | 117,909 | ||||||
JG Summit Holdings | 105,062 | 133,762 | ||||||
TOTAL PHILIPPINES | 311,768 | |||||||
POLAND — 2.2% | ||||||||
Materials — 2.2% | ||||||||
KGHM Polska Miedz | 4,807 | 236,941 | ||||||
TOTAL POLAND | 236,941 | |||||||
RUSSIA — 10.4% | ||||||||
Energy — 4.2% | ||||||||
Rosneft Oil | 44,830 | 350,399 | ||||||
Sovcomflot OAO | 10,680 | 13,595 | ||||||
Surgutneftegas * | 159,900 | 80,230 | ||||||
444,224 |
33 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — 6.2% | ||||||||
MMC Norilsk Nickel PJSC | 1,420 | $ | 481,239 | |||||
Polymetal International | 7,924 | 171,651 | ||||||
652,890 | ||||||||
TOTAL RUSSIA | 1,097,114 | |||||||
SINGAPORE — 9.3% | ||||||||
Financials — 6.1% | ||||||||
Oversea-Chinese Banking | 72,112 | 641,079 | ||||||
Industrials — 3.2% | ||||||||
Keppel | 32,300 | 131,439 | ||||||
Singapore Airlines * | 30,400 | 109,686 | ||||||
Singapore Technologies Engineering | 35,400 | 101,918 | ||||||
343,043 | ||||||||
TOTAL SINGAPORE | 984,122 | |||||||
SOUTH AFRICA — 7.3% | ||||||||
Financials — 0.2% | ||||||||
Ninety One | 5,543 | 16,596 | ||||||
Materials — 7.1% | ||||||||
Anglo American Platinum | 1,767 | 204,115 | ||||||
Impala Platinum Holdings | 27,180 | 448,262 | ||||||
Kumba Iron Ore | 2,211 | 99,192 | ||||||
751,569 | ||||||||
TOTAL SOUTH AFRICA | 768,165 | |||||||
THAILAND — 6.4% | ||||||||
Energy — 4.2% | ||||||||
PTT | 361,500 | 442,710 | ||||||
Industrials — 0.2% | ||||||||
Thoresen Thai Agencies | 49,400 | 26,049 | ||||||
Materials — 2.0% | ||||||||
Indorama Ventures | 57,500 | 73,109 | ||||||
PTT Global Chemical | 76,912 | 141,585 | ||||||
214,694 | ||||||||
TOTAL THAILAND | 683,453 | |||||||
TURKEY — 0.3% | ||||||||
Industrials — 0.3% | ||||||||
Turk Hava Yollari AO * | 19,771 | 30,427 | ||||||
TOTAL TURKEY | 30,427 |
34 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
Shares/ Number of Rights | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED ARAB EMIRATES — 0.6% | ||||||||
Industrials — 0.6% | ||||||||
Air Arabia PJSC * | 83,020 | $ | 30,061 | |||||
Aramex PJSC | 26,490 | 28,126 | ||||||
TOTAL UNITED ARAB EMIRATES | 58,187 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $8,806,383) | 10,409,229 | |||||||
PREFERRED STOCK — 0.9% | ||||||||
RUSSIA — 0.9% | ||||||||
Energy — 0.9% | ||||||||
Surgutneftegas PJSC (A) | 158,200 | 100,318 | ||||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $87,712) | 100,318 | |||||||
RIGHTS — 0.0% | ||||||||
SINGAPORE — 0.0% | ||||||||
Industrials — 0.0% | ||||||||
Singapore Airlines, Expires 06/23/2021* | 58,938 | 44 | ||||||
TOTAL RIGHTS | ||||||||
(Cost $ —) | 44 | |||||||
TOTAL INVESTMENTS — 99.3% | ||||||||
(Cost $8,894,095) | 10,509,591 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.7% | 70,793 | |||||||
NET ASSETS — 100% | $ | 10,580,384 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Currently, no stated interest rate. |
CL — Class
GDR — Global Depositary Receipt
JSC — Joint-Stock Company
PJSC — Public Joint-Stock Company
35 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI One Belt One Road Index ETF
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-006-0800
36 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Consumer Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.9%‡ | ||||||||
ARGENTINA — 4.0% | ||||||||
Consumer Discretionary — 4.0% | ||||||||
MercadoLibre * | 2,722 | $ | 4,240,304 | |||||
TOTAL ARGENTINA | 4,240,304 | |||||||
BRAZIL — 11.6% | ||||||||
Consumer Discretionary — 2.4% | ||||||||
B2W Cia Digital * | 196,970 | 2,600,961 | ||||||
Financials — 2.6% | ||||||||
XP, Cl A * | 62,495 | 2,721,657 | ||||||
Information Technology — 6.6% | ||||||||
Cielo | 936,080 | 679,042 | ||||||
Pagseguro Digital, Cl A * | 50,243 | 2,809,589 | ||||||
StoneCo, Cl A * | 41,298 | 2,769,444 | ||||||
TOTVS | 109,500 | 821,602 | ||||||
7,079,677 | ||||||||
TOTAL BRAZIL | 12,402,295 | |||||||
CHINA — 38.7% | ||||||||
Communication Services — 13.2% | ||||||||
Baidu, Cl A * | 152,964 | 3,927,583 | ||||||
Bilibili, Cl Z * | 24,596 | 3,027,843 | ||||||
NetEase | 161,000 | 3,646,723 | ||||||
Tencent Holdings | 46,875 | 3,525,048 | ||||||
14,127,197 | ||||||||
Consumer Discretionary — 23.2% | ||||||||
Alibaba Group Holding * | 134,100 | 3,798,940 | ||||||
JD.com, Cl A * | 97,900 | 3,850,018 | ||||||
Meituan, Cl B * | 94,900 | 3,915,342 | ||||||
New Oriental Education & Technology Group * | 305,200 | 2,515,217 | ||||||
Pinduoduo ADR * | 28,617 | 3,634,932 | ||||||
TAL Education Group ADR * | 92,549 | 2,335,011 | ||||||
Trip.com Group * | 66,800 | 2,374,087 | ||||||
Vipshop Holdings ADR * | 115,840 | 2,326,067 | ||||||
24,749,614 | ||||||||
Health Care — 2.3% | ||||||||
Alibaba Health Information Technology * | 1,086,000 | 2,408,097 | ||||||
TOTAL CHINA | 41,284,908 | |||||||
EGYPT — 0.7% | ||||||||
Information Technology — 0.7% | ||||||||
Fawry for Banking & Payment Technology Services SAE * | 639,157 | 774,156 | ||||||
TOTAL EGYPT | 774,156 |
37 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Consumer Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
GERMANY — 2.4% | ||||||||
Consumer Discretionary — 2.4% | ||||||||
Delivery Hero * | 18,999 | $ | 2,509,948 | |||||
TOTAL GERMANY | 2,509,948 | |||||||
GREECE — 0.7% | ||||||||
Consumer Discretionary — 0.7% | ||||||||
OPAP | 46,802 | 705,438 | ||||||
TOTAL GREECE | 705,438 | |||||||
INDIA — 4.0% | ||||||||
Communication Services — 2.5% | ||||||||
Info Edge India | 40,661 | 2,689,080 | ||||||
Consumer Discretionary — 0.8% | ||||||||
MakeMyTrip * | 27,374 | 822,589 | ||||||
Industrials — 0.7% | ||||||||
IndiaMart InterMesh | 7,848 | 738,253 | ||||||
TOTAL INDIA | 4,249,922 | |||||||
JAPAN — 2.4% | ||||||||
Communication Services — 2.4% | ||||||||
Nexon | 113,900 | 2,540,917 | ||||||
TOTAL JAPAN | 2,540,917 | |||||||
MALAYSIA — 0.7% | ||||||||
Information Technology — 0.7% | ||||||||
My EG Services | 1,646,400 | 705,912 | ||||||
TOTAL MALAYSIA | 705,912 | |||||||
RUSSIA — 5.7% | ||||||||
Communication Services — 4.9% | ||||||||
Mail.Ru Group GDR * | 113,066 | 2,562,075 | ||||||
Yandex, Cl A * | 38,397 | 2,716,588 | ||||||
5,278,663 | ||||||||
Industrials — 0.8% | ||||||||
HeadHunter Group ADR | 21,256 | 900,617 | ||||||
TOTAL RUSSIA | 6,179,280 | |||||||
SOUTH AFRICA — 3.3% | ||||||||
Consumer Discretionary — 3.3% | ||||||||
Naspers, Cl N | 16,552 | 3,475,517 | ||||||
TOTAL SOUTH AFRICA | 3,475,517 |
38 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Consumer Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH KOREA — 17.3% | ||||||||
Communication Services — 15.2% | ||||||||
AfreecaTV | 8,661 | $ | 915,206 | |||||
Com2uSCorp | 6,656 | 731,117 | ||||||
Kakao | 22,434 | 3,247,118 | ||||||
NAVER | 7,953 | 2,948,433 | ||||||
NCSoft | 3,442 | 2,506,273 | ||||||
Netmarble | 20,814 | 2,476,647 | ||||||
NHN * | 11,500 | 851,663 | ||||||
Pearl Abyss * | 14,780 | 993,514 | ||||||
Studio Dragon * | 9,154 | 778,718 | ||||||
Webzen * (A) | 27,373 | 752,292 | ||||||
16,200,981 | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Lotte Tour Development * | 38,517 | 689,178 | ||||||
Information Technology — 1.5% | ||||||||
Douzone Bizon | 10,881 | 801,956 | ||||||
NHN KCP * | 16,486 | 850,541 | ||||||
1,652,497 | ||||||||
TOTAL SOUTH KOREA | 18,542,656 | |||||||
TAIWAN — 7.7% | ||||||||
Communication Services — 4.2% | ||||||||
International Games System | 24,000 | 723,553 | ||||||
Sea ADR * | 13,762 | 3,779,046 | ||||||
4,502,599 | ||||||||
Consumer Discretionary — 3.5% | ||||||||
momo.com | 55,000 | 3,720,951 | ||||||
TOTAL TAIWAN | 8,223,550 | |||||||
UNITED ARAB EMIRATES — 0.7% | ||||||||
Information Technology — 0.7% | ||||||||
Network International Holdings * | 143,625 | 725,585 | ||||||
TOTAL UNITED ARAB EMIRATES | 725,585 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $100,172,742) | 106,560,388 |
39 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Consumer Technology Index ETF
Shares | Value | |||||||
SHORT-TERM INVESTMENT(B)(C) — 0.7% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 0.030% | 724,205 | $ | 724,205 | |||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $724,205) | 724,205 | |||||||
TOTAL INVESTMENTS — 100.6% | ||||||||
(Cost $100,896,947) | 107,284,593 | |||||||
OTHER ASSETS LESS LIABILITIES — (0.6)% | (632,671 | ) | ||||||
NET ASSETS — 100% | $ | 106,651,922 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at June 30, 2021. The total market value of securities on loan at June 30, 2021 was $689,618. |
(B) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(C) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of June 30, 2021 was $724,205. |
ADR — American Depositary Receipt |
Cl — Class |
GDR — Global Depositary Receipt |
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-007-0800
40 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China Clean Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.5%‡ | ||||||||
CHINA — 97.3% | ||||||||
Consumer Discretionary — 43.1% | ||||||||
BYD, Cl A | 81,700 | $ | 3,173,994 | |||||
BYD, Cl H | 569,000 | 17,013,180 | ||||||
Li Auto ADR * | 473,485 | 16,543,566 | ||||||
NIO ADR * | 378,165 | 20,118,378 | ||||||
Niu Technologies ADR * | 55,128 | 1,799,929 | ||||||
Tianneng Power International | 1,261,885 | 2,206,635 | ||||||
XPeng ADR * | 328,475 | 14,590,860 | ||||||
Yadea Group Holdings | 2,210,694 | 4,753,966 | ||||||
80,200,508 | ||||||||
Industrials — 21.4% | ||||||||
Beijing-Shanghai High Speed Railway, Cl A | 4,693,200 | 3,842,688 | ||||||
China Conch Venture Holdings | 1,367,500 | 5,758,191 | ||||||
China Everbright Environment Group | 7,023,216 | 3,979,236 | ||||||
Contemporary Amperex Technology, Cl A | 144,650 | 11,973,474 | ||||||
CT Environmental Group *(A)(B)(C) | 329,000 | 1,059 | ||||||
Dynagreen Environmental Protection Group, Cl H | 808,000 | 371,442 | ||||||
Gotion High-tech, Cl A * | 151,600 | 1,022,110 | ||||||
Riyue Heavy Industry, Cl A | 117,400 | 492,070 | ||||||
Sungrow Power Supply, Cl A | 173,600 | 3,091,608 | ||||||
Xinjiang Goldwind Science & Technology, Cl A | 405,935 | 764,012 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 1,501,604 | 2,347,389 | ||||||
Zhuzhou CRRC Times Electric, Cl H * | 1,036,900 | 6,128,590 | ||||||
39,771,869 | ||||||||
Information Technology — 18.5% | ||||||||
China Railway Signal & Communication, Cl A | 843,775 | 743,103 | ||||||
GCL System Integration Technology, Cl A * | 710,400 | 382,642 | ||||||
GCL-Poly Energy Holdings *(A)(B)(C) | 18,411,000 | 4,338,499 | ||||||
JA Solar Technology, Cl A | 126,000 | 955,602 | ||||||
JinkoSolar Holding ADR * | 65,210 | 3,653,064 | ||||||
Kingsoft Cloud Holdings ADR * | 101,912 | 3,457,874 | ||||||
LONGi Green Energy Technology, Cl A | 595,173 | 8,183,934 | ||||||
Sanan Optoelectronics, Cl A | 520,530 | 2,582,166 | ||||||
Wuxi Lead Intelligent Equipment, Cl A | 84,320 | 784,882 | ||||||
Xinyi Solar Holdings | 4,339,588 | 9,365,555 | ||||||
34,447,321 | ||||||||
Real Estate — 6.8% | ||||||||
China Evergrande Group | 3,718,000 | 4,845,079 | ||||||
Shimao Group Holdings | 2,363,000 | 5,793,509 | ||||||
SOHO China * | 3,952,500 | 2,122,359 | ||||||
12,760,947 |
41 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China Clean Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Utilities — 7.5% | ||||||||
Beijing Enterprises Water Group | 8,748,500 | $ | 3,312,012 | |||||
China Datang Renewable Power, Cl H | 4,293,000 | 1,232,755 | ||||||
China Everbright Greentech | 1,215,000 | 463,105 | ||||||
China Everbright Water | 1,727,357 | 327,686 | ||||||
China Longyuan Power Group, Cl H | 4,979,800 | 8,579,837 | ||||||
13,915,395 | ||||||||
TOTAL CHINA | 181,096,040 | |||||||
HONG KONG — 2.2% | ||||||||
Industrials — 0.3% | ||||||||
China High Speed Transmission Equipment Group * | 806,000 | 511,674 | ||||||
Real Estate — 0.9% | ||||||||
Yuexiu Real Estate Investment Trust † | 3,170,000 | 1,632,790 | ||||||
Utilities — 1.0% | ||||||||
Beijing Energy International Holding * | 13,150,000 | 482,594 | ||||||
Canvest Environmental Protection Group | 963,000 | 560,500 | ||||||
Concord New Energy Group | 10,720,000 | 814,437 | ||||||
1,857,531 | ||||||||
TOTAL HONG KONG | 4,001,995 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $157,447,058) | 185,098,035 | |||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $157,447,058) | 185,098,035 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.5% | 938,241 | |||||||
NET ASSETS — 100% | $ | 186,036,276 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
† | Real Estate Investment Trust |
(A) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $4,339,558 and represents 2.3% of Net Assets. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $4,339,558 and represents 2.3% of Net Assets. |
ADR — American Depositary Receipt |
Cl — Class |
42 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China Clean Technology Index ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them: | ||||||||||||||||
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | ||||||||||||||||
China | ||||||||||||||||
Consumer Discretionary | $ | 80,200,508 | $ | — | $ | — | $ | 80,200,508 | ||||||||
Industrials | 39,770,810 | — | 1,059 | 39,771,869 | ||||||||||||
Information Technology | 30,108,822 | — | 4,338,499 | 34,447,321 | ||||||||||||
Real Estate | 12,760,947 | — | — | 12,760,947 | ||||||||||||
Utilities | 13,915,395 | — | — | 13,915,395 | ||||||||||||
Hong Kong | 4,001,995 | — | — | 4,001,995 | ||||||||||||
Total Common Stock | 180,758,477 | — | 4,339,558 | 185,098,035 | ||||||||||||
Total Investments in Securities | $ | 180,758,477 | $ | — | $ | 4,339,558 | $ | 185,098,035 |
The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value:
Common Stock | ||||
Beginning balance as of March 31, 2021 | $ | — | ||
Accrued discounts/premiums | — | |||
Realized gain/(loss) | — | |||
Change in unrealized appreciation/(depreciation) | — | |||
Purchases | — | |||
Sales | ||||
Transfer into Level 3 | 4,339,558 | |||
Transfer out of Level 3 | — | |||
Ending balance as of June 30, 2021 | $ | 4,339,558 |
For the period ended June 30, 2021, the transfers in and out of Level 3 occurred due to a halt in trading of these securities.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-008-0800
43 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Electric Vehicles and Future Mobility Index ETF
Shares | Value | |||||||
COMMON STOCK — 100.4%‡ | ||||||||
AUSTRALIA — 2.6% | ||||||||
Materials — 2.6% | ||||||||
Lynas Rare Earths * | 367,243 | $ | 1,574,292 | |||||
Mineral Resources | 67,603 | 2,726,959 | ||||||
Orocobre * | 121,866 | 591,947 | ||||||
Pilbara Minerals * | 883,403 | 961,662 | ||||||
TOTAL AUSTRALIA | 5,854,860 | |||||||
BELGIUM — 2.1% | ||||||||
Materials — 2.1% | ||||||||
Umicore | 76,294 | 4,659,576 | ||||||
TOTAL BELGIUM | 4,659,576 | |||||||
CANADA — 2.5% | ||||||||
Industrials — 2.5% | ||||||||
Ballard Power Systems * | 56,105 | 1,018,526 | ||||||
Magna International | 48,618 | 4,506,087 | ||||||
TOTAL CANADA | 5,524,613 | |||||||
CHINA — 42.3% | ||||||||
Consumer Discretionary — 20.1% | ||||||||
BAIC Motor, Cl H | 726,500 | 270,361 | ||||||
BYD, Cl A | 187,400 | 7,280,373 | ||||||
Dongfeng Motor Group, Cl H | 1,178,000 | 1,058,794 | ||||||
Geely Automobile Holdings | 1,974,000 | 6,214,941 | ||||||
Guangzhou Automobile Group, Cl H | 1,158,000 | 1,039,327 | ||||||
Li Auto ADR * | 195,334 | 6,824,970 | ||||||
NIO ADR * | 278,160 | 14,798,112 | ||||||
Niu Technologies ADR * | 13,913 | 454,260 | ||||||
Shenzhen Kedali Industry, Cl A | 38,600 | 522,167 | ||||||
Tianneng Power International (A) | 289,868 | 506,887 | ||||||
XPeng ADR * | 102,909 | 4,571,218 | ||||||
Yadea Group Holdings | 434,000 | 933,291 | ||||||
44,474,701 | ||||||||
Industrials — 10.4% | ||||||||
China Baoan Group, Cl A | 676,500 | 1,913,008 | ||||||
Contemporary Amperex Technology, Cl A | 160,447 | 13,281,078 | ||||||
Eve Energy, Cl A | 293,870 | 4,727,228 | ||||||
Gotion High-tech, Cl A * | 337,289 | 2,274,052 | ||||||
Qingdao TGOOD Electric, Cl A | 190,900 | 889,666 | ||||||
23,085,032 |
44 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Electric Vehicles and Future Mobility Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — 1.3% | ||||||||
Wuxi Lead Intelligent Equipment, Cl A | 312,476 | $ | 2,908,643 | |||||
Materials — 10.5% | ||||||||
Beijing Easpring Material Technology, Cl A | 125,900 | 1,094,952 | ||||||
Ganfeng Lithium, Cl A | 271,427 | 5,087,116 | ||||||
GEM, Cl A | 1,330,900 | 1,926,049 | ||||||
Guangzhou Tinci Materials Technology, Cl A | 188,747 | 3,113,624 | ||||||
Jinduicheng Molybdenum, Cl A | 259,101 | 259,869 | ||||||
Shanghai Putailai New Energy Technology, Cl A | 82,220 | 1,738,355 | ||||||
Xiamen Tungsten, Cl A | 239,685 | 772,753 | ||||||
Yunnan Energy New Material, Cl A | 114,900 | 4,163,243 | ||||||
Zhejiang Huayou Cobalt, Cl A | 287,004 | 5,072,995 | ||||||
23,228,956 | ||||||||
TOTAL CHINA | 93,697,332 | |||||||
GERMANY — 8.4% | ||||||||
Consumer Discretionary — 3.9% | ||||||||
Bayerische Motoren Werke | 45,520 | 4,821,156 | ||||||
Volkswagen | 11,823 | 3,880,990 | ||||||
8,702,146 | ||||||||
Information Technology — 4.5% | ||||||||
Infineon Technologies | 246,914 | 9,903,031 | ||||||
TOTAL GERMANY | 18,605,177 | |||||||
HONG KONG — 0.9% | ||||||||
Consumer Discretionary — 0.9% | ||||||||
Brilliance China Automotive Holdings (B)(C)(D) | 2,170,000 | 2,039,828 | ||||||
TOTAL HONG KONG | 2,039,828 | |||||||
JAPAN — 6.6% | ||||||||
Consumer Discretionary — 2.2% | ||||||||
Panasonic | 424,700 | 4,918,928 | ||||||
Industrials — 4.4% | ||||||||
Nidec | 83,100 | 9,639,720 | ||||||
TOTAL JAPAN | 14,558,648 | |||||||
NETHERLANDS — 4.4% | ||||||||
Information Technology — 4.4% | ||||||||
NXP Semiconductors | 47,748 | 9,822,718 | ||||||
TOTAL NETHERLANDS | 9,822,718 |
45 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Electric Vehicles and Future Mobility Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH KOREA — 4.9% | ||||||||
Industrials — 0.3% | ||||||||
Ecopro | 4,037 | $ | 760,332 | |||||
Information Technology — 2.6% | ||||||||
L&F | 7,028 | 572,275 | ||||||
Samsung SDI | 8,275 | 5,128,935 | ||||||
5,701,210 | ||||||||
Materials — 2.0% | ||||||||
LG Chem | 5,944 | 4,486,436 | ||||||
TOTAL SOUTH KOREA | 10,947,978 | |||||||
SWEDEN — 0.2% | ||||||||
Industrials — 0.2% | ||||||||
PowerCell Sweden * (A) | 16,746 | 442,336 | ||||||
TOTAL SWEDEN | 442,336 | |||||||
UNITED KINGDOM — 0.5% | ||||||||
Industrials — 0.5% | ||||||||
ITM Power * | 187,860 | 1,181,846 | ||||||
TOTAL UNITED KINGDOM | 1,181,846 | |||||||
UNITED STATES — 25.0% | ||||||||
Consumer Discretionary — 10.3% | ||||||||
Aptiv * | 67,980 | 10,695,293 | ||||||
Gentherm * | 13,528 | 961,164 | ||||||
Tesla * | 16,518 | 11,227,285 | ||||||
22,883,742 | ||||||||
Industrials — 4.7% | ||||||||
Ballard Power Systems * | 41,454 | 751,146 | ||||||
ChargePoint Holdings * | 61,270 | 2,128,520 | ||||||
Nikola * | 91,065 | 1,644,634 | ||||||
Plug Power * | 169,446 | 5,793,359 | ||||||
10,317,659 | ||||||||
Information Technology — 7.2% | ||||||||
Analog Devices | 60,787 | 10,465,090 | ||||||
SolarEdge Technologies * | 19,933 | 5,508,883 | ||||||
15,973,973 |
46 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Electric Vehicles and Future Mobility Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — 2.8% | ||||||||
Albemarle | 29,648 | $ | 4,994,502 | |||||
Livent * | 60,018 | 1,161,949 | ||||||
6,156,451 | ||||||||
TOTAL UNITED STATES | 55,331,825 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $206,228,010) | 222,666,737 | |||||||
SHORT-TERM INVESTMENT(E)(F) — 0.3% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 0.030% | 703,014 | 703,014 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $703,014) | 703,014 | |||||||
TOTAL INVESTMENTS — 100.7% | ||||||||
(Cost $206,931,024) | 223,369,751 | |||||||
OTHER ASSETS LESS LIABILITIES — (0.7)% | (1,548,336 | ) | ||||||
NET ASSETS — 100% | $ | 221,821,415 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at June 30, 2021. The total market value of securities on loan at June 30, 2021 was $668,778. |
(B) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $2,039,828 and represents 0.9% of Net Assets. |
(C) | Level 3 security in accordance with fair value hierarchy. |
(D) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $2,039,828 and represents 0.9% of Net Assets. |
(E) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(F) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of June 30, 2021 was $703,014. |
ADR — American Depositary Receipt |
Cl — Class |
47 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Electric Vehicles and Future Mobility Index ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
Australia | $ | 5,854,860 | $ | — | $ | — | $ | 5,854,860 | ||||||||
Belgium | 4,659,576 | — | — | 4,659,576 | ||||||||||||
Canada | 5,524,613 | — | — | 5,524,613 | ||||||||||||
China | 93,697,332 | — | — | 93,697,332 | ||||||||||||
Germany | 18,605,177 | — | — | 18,605,177 | ||||||||||||
Hong Kong | ||||||||||||||||
Consumer Discretionary | — | — | 2,039,828 | 2,039,828 | ||||||||||||
Japan | 14,558,648 | — | — | 14,558,648 | ||||||||||||
Netherlands | 9,822,718 | — | — | 9,822,718 | ||||||||||||
South Korea | 10,947,978 | — | — | 10,947,978 | ||||||||||||
Sweden | 442,336 | — | — | 442,336 | ||||||||||||
United Kingdom | 1,181,846 | — | — | 1,181,846 | ||||||||||||
United States | 55,331,825 | — | — | 55,331,825 | ||||||||||||
Total Common Stock | 220,626,909 | — | 2,039,828 | 222,666,737 | ||||||||||||
Short-Term Investment | 703,014 | — | — | 703,014 | ||||||||||||
Total Investments in Securities | $ | 221,329,923 | $ | — | $ | 2,039,828 | $ | 223,369,751 |
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-009-0700
48 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Health Care Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.9%‡ | ||||||||
CHINA — 97.7% | ||||||||
Health Care — 97.7% | ||||||||
3SBio * | 737,500 | $ | 911,684 | |||||
Aier Eye Hospital Group, Cl A | 979,256 | 10,758,268 | ||||||
Akeso * | 170,000 | 1,371,453 | ||||||
Alibaba Health Information Technology * | 2,420,000 | 5,366,109 | ||||||
Apeloa Pharmaceutical, Cl A | 218,392 | 993,789 | ||||||
Asymchem Laboratories Tianjin, Cl A | 43,603 | 2,514,604 | ||||||
Autobio Diagnostics, Cl A | 106,730 | 1,251,682 | ||||||
BeiGene ADR * | 27,726 | 9,515,286 | ||||||
Beijing Tiantan Biological Products, Cl A | 250,818 | 1,329,626 | ||||||
Beijing Tongrentang, Cl A | 181,590 | 1,148,138 | ||||||
Betta Pharmaceuticals, Cl A | 77,263 | 1,294,404 | ||||||
BGI Genomics, Cl A | 77,227 | 1,417,634 | ||||||
Burning Rock Biotech ADR * (A) | 26,230 | 772,736 | ||||||
CanSino Biologics, Cl A * | 17,274 | 2,079,479 | ||||||
CanSino Biologics, Cl H * (A) | 48,600 | 2,582,120 | ||||||
Changchun High & New Technology Industry Group, Cl A | 72,808 | 4,361,144 | ||||||
China Medical System Holdings | 835,000 | 2,198,826 | ||||||
China National Medicines, Cl A | 133,255 | 681,862 | ||||||
China Resources Pharmaceutical Group | 947,500 | 590,521 | ||||||
China Resources Sanjiu Medical & Pharmaceutical, Cl A | 179,090 | 741,491 | ||||||
China Traditional Chinese Medicine Holdings * | 1,658,000 | 1,135,814 | ||||||
Chongqing Zhifei Biological Products, Cl A | 301,049 | 8,700,849 | ||||||
CSPC Pharmaceutical Group | 5,304,889 | 7,678,097 | ||||||
Daan Gene, Cl A | 248,647 | 817,425 | ||||||
Dong-E-E-Jiao, Cl A | 3,600 | 20,009 | ||||||
Dong-E-E-Jiao, Cl E | 116,640 | 648,296 | ||||||
Genscript Biotech * | 674,000 | 2,942,189 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 255,640 | 1,339,362 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 82,999 | 2,052,478 | ||||||
Guangzhou Wondfo Biotech, Cl A | 81,217 | 813,195 | ||||||
Hangzhou Tigermed Consulting, Cl A | 67,950 | 2,032,973 | ||||||
Hangzhou Tigermed Consulting, Cl H | 74,600 | 1,748,321 | ||||||
Hansoh Pharmaceutical Group | 708,000 | 3,099,725 | ||||||
Huadong Medicine, Cl A | 307,841 | 2,192,244 | ||||||
Hualan Biological Engineering, Cl A | 313,947 | 1,782,362 | ||||||
Humanwell Healthcare Group, Cl A | 296,300 | 1,296,486 | ||||||
Hutchmed China ADR * | 43,800 | 1,720,026 | ||||||
I-Mab ADR * | 19,461 | 1,633,751 | ||||||
Imeik Technology Development, Cl A | 31,300 | 3,821,779 | ||||||
Innovent Biologics * | 692,500 | 8,074,567 | ||||||
Intco Medical Technology, Cl A | 62,729 | 1,211,695 | ||||||
Jafron Biomedical, Cl A | 146,790 | 1,962,092 | ||||||
Jiangsu Hengrui Medicine, Cl A | 1,133,729 | 11,927,152 | ||||||
Jiangsu Yuyue Medical Equipment & Supply, Cl A | 175,310 | 1,034,627 |
49 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Health Care Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Jilin Aodong Pharmaceutical Group, Cl A | 206,234 | $ | 494,450 | |||||
Jinxin Fertility Group * | 764,000 | 1,928,237 | ||||||
Jinyu Bio-Technology, Cl A | 190,377 | 514,186 | ||||||
Joincare Pharmaceutical Group Industry, Cl A | 347,345 | 738,145 | ||||||
Joinn Laboratories China, Cl A | 41,900 | 1,191,658 | ||||||
Jointown Pharmaceutical Group, Cl A | 332,206 | 790,300 | ||||||
Lepu Medical Technology Beijing, Cl A | 319,800 | 1,589,880 | ||||||
Livzon Pharmaceutical Group, Cl A | 113,259 | 876,853 | ||||||
Maccura Biotechnology, Cl A | 102,400 | 667,097 | ||||||
Meinian Onehealth Healthcare Holdings, Cl A * | 718,283 | 1,012,802 | ||||||
Microport Scientific | 378,000 | 3,390,189 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical, Cl A | 141,517 | 914,483 | ||||||
Ovctek China, Cl A | 153,693 | 2,463,284 | ||||||
Pharmaron Beijing, Cl A | 116,600 | 3,916,053 | ||||||
Pharmaron Beijing, Cl H | 78,100 | 2,081,768 | ||||||
Ping An Healthcare and Technology * (A) | 265,000 | 3,299,768 | ||||||
Shandong Buchang Pharmaceuticals, Cl A | 208,983 | 727,463 | ||||||
Shandong Pharmaceutical Glass, Cl A | 109,200 | 573,816 | ||||||
Shandong Weigao Group Medical Polymer, Cl H | 1,460,000 | 3,406,607 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 354,829 | 3,961,370 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H (A) | 292,500 | 2,361,590 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 349,494 | 1,143,009 | ||||||
Shanghai Pharmaceuticals Holding, Cl H | 469,300 | 1,024,914 | ||||||
Shanghai RAAS Blood Products, Cl A | 1,206,034 | 1,398,143 | ||||||
Shenzhen Hepalink Pharmaceutical Group, Cl A | 185,128 | 456,455 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 120,998 | 2,790,454 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 216,399 | 16,078,742 | ||||||
Shenzhen Salubris Pharmaceuticals, Cl A * | 192,365 | 979,563 | ||||||
Shijiazhuang Yiling Pharmaceutical, Cl A | 220,293 | 994,257 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 255,415 | 788,678 | ||||||
Sinopharm Group, Cl H | 768,000 | 2,284,463 | ||||||
SSY Group | 800,000 | 714,925 | ||||||
Tasly Pharmaceutical Group, Cl A | 125,892 | 288,578 | ||||||
Tonghua Dongbao Pharmaceutical, Cl A | 358,191 | 661,957 | ||||||
Topchoice Medical, Cl A * | 57,741 | 3,673,131 | ||||||
Venus MedTech Hangzhou, Cl H * | 128,500 | 1,071,406 | ||||||
Walvax Biotechnology, Cl A | 277,600 | 2,651,032 | ||||||
Winning Health Technology Group, Cl A | 371,200 | 934,772 | ||||||
WuXi AppTec, Cl A | 459,520 | 11,137,271 | ||||||
WuXi AppTec, Cl H | 203,084 | 4,741,159 | ||||||
Wuxi Biologics Cayman * | 1,313,135 | 24,061,643 | ||||||
Xiamen Kingdomway Group, Cl A | 110,155 | 762,118 | ||||||
Xian International Medical Investment, Cl A * | 402,000 | 1,170,375 | ||||||
Yifan Pharmaceutical, Cl A | 224,888 | 600,435 | ||||||
Yunnan Baiyao Group, Cl A | 219,345 | 3,928,679 | ||||||
Zai Lab ADR * | 45,702 | 8,088,797 |
50 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI All China Health Care Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 103,034 | $ | 7,149,236 | |||||
Zhejiang Huahai Pharmaceutical, Cl A | 266,972 | 862,793 | ||||||
Zhejiang Jiuzhou Pharmaceutical, Cl A | 153,100 | 1,151,179 | ||||||
Zhejiang NHU, Cl A | 452,908 | 2,010,479 | ||||||
Zhejiang Wolwo Bio-Pharmaceutical, Cl A | 94,536 | 938,212 | ||||||
TOTAL CHINA | 263,003,224 | |||||||
HONG KONG — 2.2% | ||||||||
Health Care — 2.2% | ||||||||
Sino Biopharmaceutical | 6,104,750 | 5,990,097 | ||||||
TOTAL HONG KONG | 5,990,097 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $222,649,880) | 268,993,321 | |||||||
SHORT-TERM INVESTMENT(B)(C) — 2.3% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 0.030% | 6,215,997 | 6,215,997 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $6,215,997) | 6,215,997 | |||||||
TOTAL INVESTMENTS — 102.2% | ||||||||
(Cost $228,865,877) | 275,209,318 | |||||||
OTHER ASSETS LESS LIABILITIES — (2.2)% | (5,840,438 | ) | ||||||
NET ASSETS — 100% | $ | 269,368,880 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at June 30, 2021. The total market value of securities on loan at June 30, 2021 was $5,934,761. |
(B) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(C) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of June 30, 2021 was $6,215,997. |
ADR — American Depositary Receipt |
Cl — Class |
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-010-0700
51 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CCBS China Corporate High Yield Bond USD Index ETF
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS — 88.7% | ||||||||
CHINA — 60.6% | ||||||||
Communications Services — 2.2% | ||||||||
Proven Honour Capital | ||||||||
4.125%, 05/19/2025 | $ | 200,000 | $ | 210,202 | ||||
Consumer Discretionary — 4.4% | ||||||||
Fortune Star BVI | ||||||||
6.850%, 07/02/2024 | 200,000 | 213,308 | ||||||
GLP China Holdings | ||||||||
4.974%, 02/26/2024 | 200,000 | 215,172 | ||||||
428,480 | ||||||||
Financials — 37.2% | ||||||||
Agile Group Holdings | ||||||||
8.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+11.254% ‡ | 200,000 | 208,126 | ||||||
Bank of Communications | ||||||||
3.800%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.345% ‡ | 300,000 | 311,278 | ||||||
Central Plaza Development | ||||||||
5.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+8.066% ‡ | 200,000 | 178,103 | ||||||
CFLD Cayman Investment | ||||||||
8.600%, 04/08/2024 | 200,000 | 70,060 | ||||||
China Evergrande Group | ||||||||
9.500%, 03/29/2024 | 200,000 | 140,102 | ||||||
China Mengniu Dairy | ||||||||
3.000%, 07/18/2024 | 200,000 | 209,884 | ||||||
Chouzhou International Investment | ||||||||
4.000%, 02/18/2025 | 200,000 | 203,607 | ||||||
Country Garden Holdings | ||||||||
8.000%, 01/27/2024 | 200,000 | 210,248 | ||||||
Easy Tactic | ||||||||
8.625%, 02/27/2024 | 200,000 | 177,003 | ||||||
Kaisa Group Holdings | ||||||||
9.375%, 06/30/2024 | 600,000 | 566,401 | ||||||
KWG Group Holdings | ||||||||
7.875%, 09/01/2023 | 200,000 | 204,000 | ||||||
Poly Real Estate Finance | ||||||||
3.875%, 03/25/2024 | 200,000 | 209,913 | ||||||
Ronshine China Holdings | ||||||||
7.350%, 12/15/2023 | 200,000 | 188,018 | ||||||
Shimao Group Holdings | ||||||||
6.125%, 02/21/2024 | 300,000 | 309,150 | ||||||
Sunac China Holdings | ||||||||
8.350%, 04/19/2023 | 200,000 | 207,105 |
52 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CCBS China Corporate High Yield Bond USD Index ETF
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS — continued | ||||||||
Financials — continued | ||||||||
Westwood Group Holdings | ||||||||
5.375%, 10/19/2023 | $ | 200,000 | $ | 215,315 | ||||
3,608,313 | ||||||||
Information Technology — 2.2% | ||||||||
Lenovo Group | ||||||||
4.750%, 03/29/2023 | 200,000 | 211,005 | ||||||
Materials — 4.2% | ||||||||
Bluestar Finance Holdings | ||||||||
3.875%, VAR US Treas Yield Curve Rate T Note Const Mat 3 Yr+6.651% ‡ | 200,000 | 203,107 | ||||||
CNAC HK Finbridge | ||||||||
3.350%, VAR US Treas Yield Curve Rate T Note Const Mat 3 Yr+6.194% ‡ | 200,000 | 201,757 | ||||||
404,864 | ||||||||
Real Estate — 10.4% | ||||||||
China Aoyuan Group | ||||||||
7.950%, 02/19/2023 | 200,000 | 198,104 | ||||||
China SCE Group Holdings | ||||||||
7.000%, 05/02/2025 | 200,000 | 202,559 | ||||||
Redsun Properties Group | ||||||||
9.700%, 04/16/2023 | 200,000 | 202,605 | ||||||
Shui On Development Holding | ||||||||
6.400%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+7.627% ‡ | 200,000 | 202,261 | ||||||
Well Hope Development | ||||||||
3.875%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+6.927% ‡ | 200,000 | 204,252 | ||||||
1,009,781 | ||||||||
TOTAL CHINA | 5,872,645 | |||||||
HONG KONG — 28.1% | ||||||||
Consumer Discretionary — 4.7% | ||||||||
Li & Fung | ||||||||
5.250% ‡ | 200,000 | 148,100 | ||||||
Melco Resorts Finance | ||||||||
4.875%, 06/06/2025 (A) | 300,000 | 307,050 | ||||||
455,150 | ||||||||
Financials — 21.2% | ||||||||
AIA Group | ||||||||
3.125%, 03/13/2023 | 200,000 | 207,832 | ||||||
Bank of East Asia | ||||||||
5.875%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.257% ‡ | 250,000 | 266,995 |
53 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CCBS China Corporate High Yield Bond USD Index ETF
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS — continued | ||||||||
Financials — continued | ||||||||
China CITIC Bank International | ||||||||
7.100%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.151% ‡ | $ | 200,000 | $ | 220,006 | ||||
CMB Wing Lung Bank | ||||||||
6.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.948% ‡ | 250,000 | 270,006 | ||||||
FWD Group | ||||||||
0.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.865% ‡ | 300,000 | 281,995 | ||||||
Nanyang Commercial Bank | ||||||||
5.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.205% ‡ | 550,000 | 552,739 | ||||||
NWD Finance BVI | ||||||||
5.750% ‡ | 250,000 | 251,745 | ||||||
2,051,318 | ||||||||
Industrials — 2.2% | ||||||||
Celestial Miles | ||||||||
5.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+8.205% ‡ | 200,000 | 211,924 | ||||||
TOTAL HONG KONG | 2,718,392 | |||||||
TOTAL CORPORATE OBLIGATIONS | ||||||||
(Cost $8,692,786) | 8,591,037 | |||||||
TOTAL INVESTMENTS — 88.7% | ||||||||
(Cost $8,692,786) | 8,591,037 | |||||||
OTHER ASSETS LESS LIABILITIES — 11.3% | 1,097,154 | |||||||
NET ASSETS — 100% | $ | 9,688,191 |
‡ | Perpetual security with no stated maturity date. |
(A) | Securities sold within the terms of a private placement memorandum, exempt from registration under section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” The total market value of such securities as of June 30, 2021 was $307,050 and represented 3.2% of the Net Assets of the Fund. |
BVI — British Virgin Islands |
VAR — Variable Rate |
As of June 30, 2021, all of the Fund’s investments were considered Level 2 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-012-0700
54 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.8%‡ | ||||||||
BRAZIL — 8.8% | ||||||||
Health Care — 8.8% | ||||||||
Diagnosticos da America * | 4,400 | $ | 54,173 | |||||
Fleury | 2,500 | 12,914 | ||||||
Hapvida Participacoes e Investimentos | 30,300 | 93,053 | ||||||
Notre Dame Intermedica Participacoes | 4,900 | 82,935 | ||||||
Odontoprev | 4,200 | 10,906 | ||||||
Qualicorp Consultoria e Corretora de Seguros | 2,200 | 12,675 | ||||||
Rede D’Or Sao Luiz * | 16,000 | 220,110 | ||||||
TOTAL BRAZIL | 486,766 | |||||||
CHINA — 45.4% | ||||||||
Consumer Discretionary — 2.1% | ||||||||
JD Health International * | 8,000 | 114,656 | ||||||
Consumer Staples — 1.1% | ||||||||
By-health, Cl A | 3,600 | 18,332 | ||||||
DaShenLin Pharmaceutical Group, Cl A | 2,040 | 16,138 | ||||||
Fu Jian Anjoy Foods, Cl A | 600 | 23,590 | ||||||
58,060 | ||||||||
Health Care — 42.2% | ||||||||
3SBio * | 6,500 | 8,035 | ||||||
Aier Eye Hospital Group, Cl A | 12,537 | 137,734 | ||||||
AK Medical Holdings | 4,000 | 7,057 | ||||||
Akeso * | 2,000 | 16,135 | ||||||
Alphamab Oncology * | 3,000 | 9,600 | ||||||
Apeloa Pharmaceutical, Cl A | 2,800 | 12,741 | ||||||
Ascentage Pharma Group International * | 600 | 3,631 | ||||||
BeiGene * | 2,900 | 78,868 | ||||||
Beijing Tiantan Biological Products, Cl A | 3,320 | 17,600 | ||||||
Beijing Wantai Biological Pharmacy Enterprise, Cl A | 1,400 | 56,162 | ||||||
Betta Pharmaceuticals, Cl A | 1,000 | 16,753 | ||||||
BGI Genomics, Cl A | 1,000 | 18,357 | ||||||
Burning Rock Biotech ADR * | 175 | 5,156 | ||||||
CanSino Biologics, Cl H * | 400 | 21,252 | ||||||
Changchun High & New Technology Industry Group, Cl A | 900 | 53,909 | ||||||
China Evergrande New Energy Vehicle Group * (A) | 28,000 | 104,200 | ||||||
China Medical System Holdings | 6,000 | 15,800 | ||||||
China Resources Medical Holdings | 3,000 | 3,643 | ||||||
Chongqing Zhifei Biological Products, Cl A | 3,813 | 110,202 | ||||||
CStone Pharmaceuticals * | 3,000 | 6,606 | ||||||
Everest Medicines * | 500 | 4,974 | ||||||
Gan & Lee Pharmaceuticals, Cl A | 1,300 | 21,445 | ||||||
Genetron Holdings ADR * | 210 | 4,229 | ||||||
Genscript Biotech * | 4,000 | 17,461 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 1,100 | 27,202 | ||||||
Hangzhou Tigermed Consulting, Cl H | 300 | 7,031 | ||||||
Hansoh Pharmaceutical Group | 14,000 | 61,294 |
55 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Huadong Medicine, Cl A | 4,040 | $ | 28,771 | |||||
Hualan Biological Engineering, Cl A | 4,390 | 24,923 | ||||||
Humanwell Healthcare Group, Cl A | 4,000 | 17,502 | ||||||
Hygeia Healthcare Holdings | 1,400 | 18,388 | ||||||
I-Mab ADR * | 173 | 14,523 | ||||||
Immunotech Biopharm * | 1,000 | 2,475 | ||||||
InnoCare Pharma * | 3,000 | 11,029 | ||||||
Innovent Biologics * | 3,500 | 40,810 | ||||||
Intco Medical Technology, Cl A | 900 | 17,385 | ||||||
Jacobio Pharmaceuticals Group * | 1,800 | 5,041 | ||||||
Jiangsu Hengrui Medicine, Cl A | 15,319 | 161,160 | ||||||
Jinxin Fertility Group * | 6,000 | 15,143 | ||||||
JW Cayman Therapeutics * | 1,000 | 3,213 | ||||||
Kangji Medical Holdings (A) | 3,000 | 4,991 | ||||||
Kintor Pharmaceutical * | 500 | 4,056 | ||||||
Legend Biotech ADR * | 279 | 11,453 | ||||||
Lepu Medical Technology Beijing, Cl A | 4,122 | 20,493 | ||||||
Livzon Pharmaceutical Group, Cl H | 700 | 3,448 | ||||||
Microport Cardioflow Medtech * | 5,000 | 10,520 | ||||||
Microport Scientific | 5,000 | 44,844 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical, Cl A | 2,340 | 15,121 | ||||||
Ocumension Therapeutics * | 1,500 | 5,273 | ||||||
Ovctek China, Cl A | 1,500 | 24,041 | ||||||
Peijia Medical * | 2,000 | 9,310 | ||||||
Ping An Healthcare and Technology * | 2,800 | 34,866 | ||||||
Shandong Weigao Group Medical Polymer, Cl H | 12,000 | 28,000 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H | 1,500 | 12,111 | ||||||
Shanghai Junshi Biosciences, Cl H * | 600 | 4,983 | ||||||
Shanghai Pharmaceuticals Holding, Cl H | 2,300 | 5,023 | ||||||
Shanghai RAAS Blood Products, Cl A | 16,700 | 19,360 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 1,600 | 36,899 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 2,900 | 215,474 | ||||||
Shenzhen Salubris Pharmaceuticals, Cl A * | 2,400 | 12,221 | ||||||
Shijiazhuang Yiling Pharmaceutical, Cl A | 2,800 | 12,637 | ||||||
Sihuan Pharmaceutical Holdings Group | 22,000 | 9,405 | ||||||
Simcere Pharmaceutical Group | 6,000 | 10,801 | ||||||
Sinopharm Group, Cl H | 3,200 | 9,519 | ||||||
Topchoice Medical, Cl A * | 800 | 50,891 | ||||||
Venus MedTech Hangzhou, Cl H * | 1,000 | 8,338 | ||||||
Viva Biotech Holdings | 4,500 | 5,760 | ||||||
Walvax Biotechnology, Cl A | 3,500 | 33,424 | ||||||
WuXi AppTec, Cl H | 998 | 23,299 | ||||||
Wuxi Biologics Cayman * | 10,281 | 188,387 | ||||||
Yunnan Baiyao Group, Cl A | 2,900 | 51,942 | ||||||
Zai Lab * | 200 | 35,128 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 1,400 | 97,142 |
56 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Zhejiang Jiuzhou Pharmaceutical, Cl A | 2,000 | $ | 15,038 | |||||
Zhejiang NHU, Cl A | 6,120 | 27,167 | ||||||
Zhejiang Wolwo Bio-Pharmaceutical, Cl A | 1,200 | 11,909 | ||||||
2,320,714 | ||||||||
TOTAL CHINA | 2,493,430 | |||||||
HUNGARY — 0.7% | ||||||||
Health Care — 0.7% | ||||||||
Richter Gedeon Nyrt | 1,491 | 39,743 | ||||||
TOTAL HUNGARY | 39,743 | |||||||
INDIA — 15.2% | ||||||||
Health Care — 15.2% | ||||||||
Apollo Hospitals Enterprise | 1,132 | 55,128 | ||||||
Aurobindo Pharma | 4,657 | 60,473 | ||||||
Biocon * | 9,515 | 51,774 | ||||||
Cadila Healthcare | 8,568 | 74,372 | ||||||
Cipla | 6,379 | 83,408 | ||||||
Divi’s Laboratories | 2,124 | 125,967 | ||||||
Dr Reddy’s Laboratories | 1,340 | 97,765 | ||||||
Glenmark Pharmaceuticals | 2,279 | 20,008 | ||||||
Laurus Labs | 4,254 | 39,412 | ||||||
Lupin | 3,622 | 55,994 | ||||||
Sun Pharmaceutical Industries | 19,068 | 173,274 | ||||||
TOTAL INDIA | 837,575 | |||||||
INDONESIA — 1.1% | ||||||||
Health Care — 1.1% | ||||||||
Kalbe Farma | 379,200 | 36,613 | ||||||
Mitra Keluarga Karyasehat | 118,700 | 22,921 | ||||||
TOTAL INDONESIA | 59,534 | |||||||
MALAYSIA — 4.1% | ||||||||
Health Care — 4.1% | ||||||||
Hartalega Holdings | 26,400 | 46,740 | ||||||
IHH Healthcare | 72,600 | 95,657 | ||||||
Supermax | 20,780 | 16,518 | ||||||
Top Glove | 64,500 | 64,787 | ||||||
TOTAL MALAYSIA | 223,702 | |||||||
MEXICO — 0.1% | ||||||||
Health Care — 0.1% | ||||||||
Genomma Lab Internacional, Cl B * | 7,900 | 8,162 | ||||||
TOTAL MEXICO | 8,162 |
57 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
SOUTH AFRICA — 1.3% | ||||||||
Health Care — 1.3% | ||||||||
Aspen Pharmacare Holdings * | 3,634 | $ | 41,253 | |||||
Life Healthcare Group Holdings * | 11,117 | 17,689 | ||||||
Netcare * | 11,005 | 10,975 | ||||||
TOTAL SOUTH AFRICA | 69,917 | |||||||
SOUTH KOREA — 20.6% | ||||||||
Consumer Staples — 0.2% | ||||||||
Kolmar BNH | 225 | 10,010 | ||||||
Health Care — 20.4% | ||||||||
Alteogen * | 340 | 25,270 | ||||||
Boryung Pharmaceutical | 429 | 8,990 | ||||||
Bukwang Pharmaceutical | 603 | 10,843 | ||||||
Cellivery Therapeutics * | 134 | 11,994 | ||||||
Celltrion * | 1,010 | 240,807 | ||||||
Celltrion Healthcare * | 1,189 | 122,157 | ||||||
Celltrion Pharm * | 285 | 39,783 | ||||||
Chong Kun Dang Pharmaceutical | 90 | 10,949 | ||||||
Daewoong | 476 | 19,760 | ||||||
Daewoong Pharmaceutical | 88 | 13,441 | ||||||
DongKook Pharmaceutical | 358 | 8,965 | ||||||
Genexine * | 181 | 14,465 | ||||||
Green Cross | 96 | 28,003 | ||||||
Green Cross Holdings | 373 | 11,295 | ||||||
Hanmi Pharm | 95 | 28,218 | ||||||
Hanmi Science | 528 | 35,867 | ||||||
Hugel * | 108 | 22,978 | ||||||
LegoChem Biosciences * | 200 | 9,448 | ||||||
MedPacto * | 150 | 9,337 | ||||||
Mezzion Pharma * | 71 | 8,619 | ||||||
Osstem Implant | 118 | 11,914 | ||||||
Sam Chun Dang Pharm * | 171 | 8,260 | ||||||
Samsung Biologics * | 308 | 230,012 | ||||||
Seegene | 553 | 40,610 | ||||||
Shin Poong Pharmaceutical | 416 | 31,769 | ||||||
SillaJen *(B)(C)(D) | 261 | 2,804 | ||||||
SK Biopharmaceuticals * | 598 | 65,315 | ||||||
ST Pharm * | 147 | 14,698 | ||||||
Yuhan | 549 | 30,761 | ||||||
Yungjin Pharmaceutical * | 1,463 | 7,613 | ||||||
1,124,945 | ||||||||
TOTAL SOUTH KOREA | 1,134,955 |
58 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
Shares/ Number of Rights | Value | |||||||
COMMON STOCK — continued | ||||||||
THAILAND — 2.5% | ||||||||
Health Care — 2.5% | ||||||||
Bangkok Chain Hospital | 20,500 | $ | 14,840 | |||||
Bangkok Dusit Medical Services, Cl F | 124,700 | 89,488 | ||||||
Bumrungrad Hospital | 6,300 | 25,259 | ||||||
Chularat Hospital | 82,800 | 10,282 | ||||||
TOTAL THAILAND | 139,869 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $4,899,317) | 5,493,653 | |||||||
RIGHTS — 0.0% | ||||||||
SOUTH KOREA — 0.0% | ||||||||
Health Care — 0.0% | ||||||||
Boryung Pharmaceutical, Expires 07/11/2021* | 38 | 176 | ||||||
TOTAL RIGHTS | ||||||||
(Cost $–) | 176 | |||||||
SHORT-TERM INVESTMENT(E)(F) — 1.9% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 0.030% | 102,745 | 102,745 | ||||||
TOTAL SHORT-TERM INVESTMENT | ||||||||
(Cost $102,745) | 102,745 | |||||||
TOTAL INVESTMENTS — 101.7% | ||||||||
(Cost $5,002,062) | 5,596,574 | |||||||
OTHER ASSETS LESS LIABILITIES — (1.7)% | (94,319 | ) | ||||||
NET ASSETS — 100% | $ | 5,502,255 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | This security or a partial position of this security is on loan at June 30, 2021. The total market value of securities on loan at June 30, 2021 was $97,553. |
(B) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $2,804 and represents 0.1% of Net Assets. |
(C) | Level 3 security in accordance with fair value hierarchy. |
(D) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $2,804 and represents 0.1% of Net Assets. |
(E) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(F) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of June 30, 2021 was $102,745. |
ADR — American Depositary Receipt |
Cl — Class |
59 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Emerging Markets Healthcare Index ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
Brazil | $ | 486,766 | $ | — | — | 486,766 | ||||||||||
China | 2,493,430 | — | — | 2,493,430 | ||||||||||||
Hungary | 39,743 | — | — | 39,743 | ||||||||||||
India | 837,575 | — | — | 837,575 | ||||||||||||
Indonesia | 59,534 | — | — | 59,534 | ||||||||||||
Malaysia | 223,702 | — | — | 223,702 | ||||||||||||
Mexico | 8,162 | — | — | 8,162 | ||||||||||||
South Africa | 69,917 | — | — | 69,917 | ||||||||||||
South Korea | ||||||||||||||||
Consumer Staples | 10,010 | — | — | 10,010 | ||||||||||||
Health Care | 1,122,141 | — | 2,804 | 1,124,945 | ||||||||||||
Thailand | 139,869 | — | — | 139,869 | ||||||||||||
Total Common Stock | 5,490,849 | — | 2,804 | 5,493,653 | ||||||||||||
Rights | 176 | — | — | 176 | ||||||||||||
Short-Term Investment | 102,745 | — | — | 102,745 | ||||||||||||
Total Investments in Securities | $ | 5,593,770 | $ | — | $ | 2,804 | $ | 5,596,574 |
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-018-0400
60 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — 95.6%‡ | ||||||||
BRAZIL — 5.4% | ||||||||
Communication Services — 0.1% | ||||||||
Telefonica Brasil | 3,200 | $ | 26,784 | |||||
Consumer Discretionary — 0.6% | ||||||||
Lojas Renner | 4,750 | 41,869 | ||||||
Magazine Luiza * | 25,600 | 107,903 | ||||||
149,772 | ||||||||
Consumer Staples — 0.7% | ||||||||
Ambev | 30,400 | 103,416 | ||||||
BRF * | 2,400 | 13,072 | ||||||
JBS | 4,800 | 27,837 | ||||||
Raia Drogasil * | 8,000 | 39,395 | ||||||
183,720 | ||||||||
Energy — 0.6% | ||||||||
Petroleo Brasileiro | 24,800 | 149,704 | ||||||
Ultrapar Participacoes | 4,800 | 17,592 | ||||||
167,296 | ||||||||
Financials — 0.8% | ||||||||
B3 - Brasil Bolsa Balcao | 33,600 | 112,628 | ||||||
Banco Bradesco * | 7,898 | 34,407 | ||||||
Banco do Brasil | 5,600 | 35,858 | ||||||
Banco Santander Brasil | 2,400 | 19,371 | ||||||
BB Seguridade Participacoes | 4,000 | 18,414 | ||||||
220,678 | ||||||||
Industrials — 0.6% | ||||||||
CCR | 6,400 | 17,155 | ||||||
Localiza Rent a Car | 3,220 | 41,069 | ||||||
Rumo * | 6,400 | 24,425 | ||||||
WEG | 9,600 | 64,455 | ||||||
147,104 | ||||||||
Materials — 1.9% | ||||||||
Klabin * | 4,000 | 20,997 | ||||||
Suzano * | 3,200 | 38,142 | ||||||
Vale | 19,200 | 433,333 | ||||||
492,472 | ||||||||
Utilities — 0.1% | ||||||||
Cia de Saneamento Basico do Estado de Sao Paulo * | 1,600 | 11,664 | ||||||
Equatorial Energia | 4,000 | 19,769 | ||||||
31,433 | ||||||||
TOTAL BRAZIL | 1,419,259 |
61 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
CHILE — 0.6% | ||||||||
Consumer Discretionary — 0.1% | ||||||||
Falabella | 4,110 | $ | 18,452 | |||||
Energy — 0.1% | ||||||||
Empresas COPEC | 2,144 | 21,289 | ||||||
Financials — 0.2% | ||||||||
Banco de Chile | 138,306 | 13,770 | ||||||
Banco de Credito e Inversiones | 280 | 11,922 | ||||||
Banco Santander Chile | 365,450 | 18,224 | ||||||
43,916 | ||||||||
Materials — 0.1% | ||||||||
Empresas CMPC | 6,941 | 16,683 | ||||||
Utilities — 0.1% | ||||||||
Enel Americas | 156,873 | 23,226 | ||||||
Enel Chile | 154,643 | 8,973 | ||||||
32,199 | ||||||||
TOTAL CHILE | 132,539 | |||||||
COLOMBIA — 0.1% | ||||||||
Energy — 0.1% | ||||||||
Ecopetrol | 26,664 | 19,437 | ||||||
Financials — 0.0% | ||||||||
Bancolombia | 1,234 | 8,725 | ||||||
TOTAL COLOMBIA | 28,162 | |||||||
CZECH REPUBLIC — 0.1% | ||||||||
Financials — 0.0% | ||||||||
Komercni banka as * | 388 | 13,656 | ||||||
Utilities — 0.1% | ||||||||
CEZ | 828 | 24,561 | ||||||
TOTAL CZECH REPUBLIC | 38,217 | |||||||
EGYPT — 0.1% | ||||||||
Financials — 0.1% | ||||||||
Commercial International Bank Egypt SAE * | 7,246 | 24,086 | ||||||
TOTAL EGYPT | 24,086 | |||||||
GREECE — 0.1% | ||||||||
Communication Services — 0.1% | ||||||||
Hellenic Telecommunications Organization | 1,328 | 22,285 | ||||||
TOTAL GREECE | 22,285 |
62 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
HUNGARY — 0.3% | ||||||||
Energy — 0.1% | ||||||||
MOL Hungarian Oil & Gas * | 1,984 | $ | 15,805 | |||||
Financials — 0.2% | ||||||||
OTP Bank Nyrt * | 1,216 | 65,544 | ||||||
TOTAL HUNGARY | 81,349 | |||||||
INDIA — 14.2% | ||||||||
Communication Services — 0.3% | ||||||||
Bharti Airtel * | 12,323 | 87,146 | ||||||
Consumer Discretionary — 0.9% | ||||||||
Bajaj Auto | 448 | 24,916 | ||||||
Eicher Motors | 720 | 25,874 | ||||||
Mahindra & Mahindra | 4,024 | 42,102 | ||||||
Maruti Suzuki India | 680 | 68,758 | ||||||
Tata Motors * | 10,005 | 45,711 | ||||||
Titan | 1,712 | 39,904 | ||||||
247,265 | ||||||||
Consumer Staples — 1.2% | ||||||||
Dabur India | 2,888 | 22,098 | ||||||
Godrej Consumer Products * | 1,984 | 23,228 | ||||||
Hindustan Unilever | 4,998 | 166,172 | ||||||
ITC | 24,011 | 65,479 | ||||||
Nestle India | 128 | 30,365 | ||||||
307,342 | ||||||||
Energy — 2.2% | ||||||||
Bharat Petroleum | 4,176 | 26,299 | ||||||
Indian Oil | 12,008 | 17,431 | ||||||
Oil & Natural Gas | 7,686 | 12,171 | ||||||
Reliance Industries | 18,470 | 524,468 | ||||||
580,369 | ||||||||
Financials — 3.7% | ||||||||
Axis Bank * | 15,208 | 153,103 | ||||||
Bajaj Finance | 1,280 | 103,596 | ||||||
Bajaj Finserv | 208 | 33,885 | ||||||
Housing Development Finance | 10,955 | 364,810 | ||||||
ICICI Bank | 26,852 | 227,915 | ||||||
Piramal Enterprises | 440 | 14,197 | ||||||
State Bank of India | 12,003 | 67,694 | ||||||
965,200 | ||||||||
Health Care — 0.4% | ||||||||
Aurobindo Pharma | 1,440 | 18,699 | ||||||
Dr Reddy’s Laboratories | 624 | 45,526 |
63 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Sun Pharmaceutical Industries | 5,998 | $ | 54,505 | |||||
118,730 | ||||||||
Industrials — 0.2% | ||||||||
Larsen & Toubro | 3,200 | 64,601 | ||||||
Information Technology — 3.9% | ||||||||
HCL Technologies | 7,205 | 95,333 | ||||||
Infosys ADR | 25,267 | 535,408 | ||||||
Tata Consultancy Services | 5,998 | 269,983 | ||||||
Tech Mahindra | 2,544 | 37,492 | ||||||
Wipro | 10,003 | 73,431 | ||||||
1,011,647 | ||||||||
Materials — 1.1% | ||||||||
Asian Paints | 1,696 | 68,285 | ||||||
Grasim Industries | 1,808 | 36,456 | ||||||
Hindalco Industries | 6,526 | 32,665 | ||||||
JSW Steel | 4,736 | 43,575 | ||||||
UltraTech Cement | 640 | 58,343 | ||||||
UPL | 2,984 | 31,829 | ||||||
Vedanta | 7,270 | 25,709 | ||||||
296,862 | ||||||||
Utilities — 0.3% | ||||||||
GAIL India | 11,210 | 22,569 | ||||||
NTPC | 14,417 | 22,577 | ||||||
Power Grid Corp of India | 12,810 | 40,052 | ||||||
85,198 | ||||||||
TOTAL INDIA | 3,764,360 | |||||||
INDONESIA — 2.0% | ||||||||
Communication Services — 0.3% | ||||||||
Telkom Indonesia Persero | 367,800 | 79,901 | ||||||
Consumer Discretionary — 0.2% | ||||||||
Astra International | 159,800 | 54,442 | ||||||
Consumer Staples — 0.1% | ||||||||
Charoen Pokphand Indonesia | 50,400 | 21,724 | ||||||
Unilever Indonesia | 52,000 | 17,752 | ||||||
39,476 | ||||||||
Energy — 0.1% | ||||||||
United Tractors | 12,000 | 16,759 | ||||||
Financials — 1.3% | ||||||||
Bank Central Asia | 69,600 | 144,600 | ||||||
Bank Mandiri Persero | 144,000 | 58,593 | ||||||
Bank Negara Indonesia Persero | 53,600 | 17,115 |
64 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Bank Rakyat Indonesia Persero | 399,800 | $ | 108,636 | |||||
328,944 | ||||||||
TOTAL INDONESIA | 519,522 | |||||||
MALAYSIA — 1.9% | ||||||||
Communication Services — 0.2% | ||||||||
DiGi.Com | 24,000 | 23,875 | ||||||
Maxis | 24,000 | 25,379 | ||||||
49,254 | ||||||||
Consumer Discretionary — 0.1% | ||||||||
Genting | 16,000 | 19,000 | ||||||
Consumer Staples — 0.1% | ||||||||
Sime Darby Plantation | 18,400 | 17,640 | ||||||
Financials — 1.1% | ||||||||
CIMB Group Holdings | 64,000 | 71,068 | ||||||
Hong Leong Bank | 4,000 | 18,037 | ||||||
Malayan Banking | 44,816 | 87,549 | ||||||
Public Bank | 104,000 | 102,960 | ||||||
279,614 | ||||||||
Health Care — 0.1% | ||||||||
IHH Healthcare | 16,000 | 21,082 | ||||||
Materials — 0.2% | ||||||||
Petronas Chemicals Group | 24,000 | 46,595 | ||||||
Utilities — 0.3% | ||||||||
Petronas Gas | 4,000 | 14,935 | ||||||
Tenaga Nasional | 29,600 | 69,802 | ||||||
84,737 | ||||||||
TOTAL MALAYSIA | 517,922 | |||||||
MEXICO — 3.1% | ||||||||
Communication Services — 0.8% | ||||||||
America Movil | 224,700 | 169,283 | ||||||
Grupo Televisa | 16,000 | 45,821 | ||||||
215,104 | ||||||||
Consumer Staples — 0.9% | ||||||||
Fomento Economico Mexicano | 13,600 | 114,842 | ||||||
Grupo Bimbo, Ser A | 8,800 | 19,399 | ||||||
Wal-Mart de Mexico | 34,200 | 111,770 | ||||||
246,011 |
65 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 0.5% | ||||||||
Grupo Financiero Banorte, Cl O | 17,600 | $ | 113,818 | |||||
Grupo Financiero Inbursa, Cl O * | 12,000 | 11,885 | ||||||
125,703 | ||||||||
Industrials — 0.1% | ||||||||
Grupo Aeroportuario del Pacifico, Cl B * | 1,600 | 17,048 | ||||||
Grupo Aeroportuario del Sureste, Cl B * | 1,160 | 21,434 | ||||||
38,482 | ||||||||
Materials — 0.7% | ||||||||
Cemex * | 99,800 | 84,309 | ||||||
Grupo Mexico | 23,200 | 109,250 | ||||||
193,559 | ||||||||
Real Estate — 0.1% | ||||||||
Fibra Uno Administracion † | 22,400 | 24,222 | ||||||
TOTAL MEXICO | 843,081 | |||||||
PERU — 0.8% | ||||||||
Financials — 0.3% | ||||||||
Credicorp * | 565 | 68,427 | ||||||
Materials — 0.5% | ||||||||
Cia de Minas Buenaventura SAA ADR * | 4,565 | 41,313 | ||||||
Southern Copper | 1,345 | 86,511 | ||||||
127,824 | ||||||||
TOTAL PERU | 196,251 | |||||||
PHILIPPINES — 1.1% | ||||||||
Financials — 0.1% | ||||||||
BDO Unibank | 16,780 | 38,912 | ||||||
Industrials — 0.5% | ||||||||
Ayala | 2,400 | 39,332 | ||||||
JG Summit Holdings | 29,415 | 37,450 | ||||||
SM Investments | 2,400 | 49,141 | ||||||
125,923 | ||||||||
Real Estate — 0.5% | ||||||||
Ayala Land | 79,800 | 58,933 | ||||||
SM Prime Holdings | 112,000 | 83,745 | ||||||
142,678 | ||||||||
TOTAL PHILIPPINES | 307,513 |
66 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
POLAND — 1.2% | ||||||||
Communication Services — 0.1% | ||||||||
CD Projekt | 480 | $ | 23,328 | |||||
Consumer Discretionary — 0.1% | ||||||||
LPP | 8 | 27,045 | ||||||
Energy — 0.2% | ||||||||
Polski Koncern Naftowy ORLEN | 2,240 | 45,177 | ||||||
Financials — 0.6% | ||||||||
Bank Polska Kasa Opieki | 1,320 | 32,246 | ||||||
Powszechna Kasa Oszczednosci Bank Polski * | 6,598 | 65,564 | ||||||
Powszechny Zaklad Ubezpieczen | 4,798 | 46,253 | ||||||
Santander Bank Polska * | 256 | 17,107 | ||||||
161,170 | ||||||||
Materials — 0.2% | ||||||||
KGHM Polska Miedz | 920 | 45,347 | ||||||
TOTAL POLAND | 302,067 | |||||||
QATAR — 1.1% | ||||||||
Financials — 0.9% | ||||||||
Masraf Al Rayan QSC | 30,027 | 36,773 | ||||||
Qatar Islamic Bank SAQ | 8,805 | 41,812 | ||||||
Qatar National Bank QPSC | 31,216 | 153,894 | ||||||
232,479 | ||||||||
Industrials — 0.2% | ||||||||
Industries Qatar QSC | 14,001 | 50,951 | ||||||
TOTAL QATAR | 283,430 | |||||||
RUSSIA — 5.4% | ||||||||
Communication Services — 0.1% | ||||||||
Mobile TeleSystems PJSC ADR | 2,786 | 25,798 | ||||||
Consumer Discretionary — 0.1% | ||||||||
X5 Retail Group GDR | 664 | 23,264 | ||||||
Consumer Staples — 0.1% | ||||||||
Magnit PJSC GDR | 1,936 | 28,082 | ||||||
Energy — 3.0% | ||||||||
Gazprom PJSC | 66,360 | 255,561 | ||||||
LUKOIL PJSC | 2,760 | 255,282 | ||||||
Novatek PJSC GDR | 560 | 123,480 | ||||||
Rosneft Oil | 7,600 | 59,403 | ||||||
Tatneft PJSC | 12,234 | 88,958 | ||||||
782,684 |
67 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — 1.2% | ||||||||
Sberbank of Russia PJSC | 73,480 | $ | 307,473 | |||||
Materials — 0.9% | ||||||||
Alrosa PJSC | 14,000 | 25,753 | ||||||
MMC Norilsk Nickel PJSC | 496 | 168,095 | ||||||
Novolipetsk Steel PJSC | 6,560 | 20,632 | ||||||
Severstal PAO | 1,120 | 24,045 | ||||||
238,525 | ||||||||
TOTAL RUSSIA | 1,405,826 | |||||||
SOUTH AFRICA — 6.0% | ||||||||
Communication Services — 0.5% | ||||||||
MTN Group * | 11,214 | 81,073 | ||||||
MultiChoice Group | 2,272 | 18,671 | ||||||
Vodacom Group | 3,400 | 30,662 | ||||||
130,406 | ||||||||
Consumer Discretionary — 2.5% | ||||||||
Absa Group * | 4,800 | 45,624 | ||||||
Mr Price Group | 1,296 | 19,108 | ||||||
Naspers, Cl N | 2,756 | 578,693 | ||||||
Woolworths Holdings * | 5,260 | 19,859 | ||||||
663,284 | ||||||||
Consumer Staples — 0.4% | ||||||||
Bid * | 2,240 | 48,570 | ||||||
Clicks Group | 1,344 | 23,126 | ||||||
Shoprite Holdings | 2,248 | 24,472 | ||||||
Tiger Brands | 872 | 12,764 | ||||||
108,932 | ||||||||
Energy — 0.1% | ||||||||
Exxaro Resources | 1,392 | 16,419 | ||||||
Financials — 1.6% | ||||||||
Capitec Bank Holdings | 756 | 89,292 | ||||||
Discovery * | 1,952 | 17,262 | ||||||
FirstRand | 29,926 | 112,316 | ||||||
Nedbank Group * | 2,680 | 32,071 | ||||||
Old Mutual | 26,406 | 24,966 | ||||||
Remgro | 2,840 | 22,793 | ||||||
Sanlam | 9,733 | 41,832 | ||||||
Standard Bank Group | 8,807 | 78,709 | ||||||
419,241 | ||||||||
Industrials — 0.3% | ||||||||
Bidvest Group | 1,792 | 23,903 | ||||||
Sasol * | 3,720 | 56,797 | ||||||
80,700 |
68 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — 0.5% | ||||||||
Anglo American Platinum | 276 | $ | 31,882 | |||||
AngloGold Ashanti | 2,640 | 49,087 | ||||||
Gold Fields | 4,328 | 38,919 | ||||||
119,888 | ||||||||
Real Estate — 0.1% | ||||||||
Growthpoint Properties † | 16,010 | 16,707 | ||||||
NEPI Rockcastle | 2,152 | 15,255 | ||||||
31,962 | ||||||||
TOTAL SOUTH AFRICA | 1,570,832 | |||||||
SOUTH KOREA — 23.3% | ||||||||
Communication Services — 2.8% | ||||||||
Kakao | 1,757 | 254,310 | ||||||
NAVER | 1,000 | 370,732 | ||||||
NCSoft | 120 | 87,377 | ||||||
SK Telecom | 104 | 29,552 | ||||||
741,971 | ||||||||
Consumer Discretionary — 2.5% | ||||||||
Coway | 288 | 20,127 | ||||||
Fila Holdings | 256 | 13,230 | ||||||
Hyundai Mobis | 456 | 118,236 | ||||||
Hyundai Motor | 1,000 | 212,671 | ||||||
Kangwon Land * | 648 | 15,479 | ||||||
Kia | 2,000 | 159,126 | ||||||
LG Electronics | 760 | 110,341 | ||||||
649,210 | ||||||||
Consumer Staples — 1.0% | ||||||||
Amorepacific | 284 | 63,551 | ||||||
E-MART | 104 | 14,776 | ||||||
KT&G | 1,125 | 84,314 | ||||||
LG Household & Health Care | 64 | 100,136 | ||||||
262,777 | ||||||||
Energy — 0.5% | ||||||||
SK Innovation * | 424 | 111,257 | ||||||
S-Oil * | 248 | 22,573 | ||||||
133,830 | ||||||||
Financials — 1.9% | ||||||||
DB Insurance | 272 | 13,236 | ||||||
Hana Financial Group | 2,398 | 98,058 | ||||||
Industrial Bank of Korea | 1,392 | 12,979 | ||||||
KB Financial Group | 2,862 | 141,810 | ||||||
Samsung Fire & Marine Insurance | 365 | 71,467 | ||||||
Samsung Life Insurance | 376 | 26,644 | ||||||
Shinhan Financial Group | 3,062 | 110,391 |
69 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Financials — continued | ||||||||
Woori Financial Group | 2,614 | $ | 26,577 | |||||
501,162 | ||||||||
Health Care — 1.0% | ||||||||
Celltrion * | 592 | 141,146 | ||||||
Celltrion Healthcare * | 272 | 27,945 | ||||||
Samsung Biologics * | 117 | 87,375 | ||||||
256,466 | ||||||||
Industrials — 1.3% | ||||||||
Hyundai Engineering & Construction | 432 | 22,364 | ||||||
Hyundai Heavy Industries Holdings | 240 | 15,089 | ||||||
Korea Shipbuilding & Offshore Engineering * | 208 | 24,750 | ||||||
LG | 885 | 80,551 | ||||||
Samsung C&T | 777 | 94,180 | ||||||
Samsung Heavy Industries * | 2,390 | 14,240 | ||||||
SK Holdings | 315 | 79,019 | ||||||
330,193 | ||||||||
Information Technology — 10.4% | ||||||||
LG Display * | 1,184 | 25,759 | ||||||
Samsung Electro-Mechanics | 539 | 84,716 | ||||||
Samsung Electronics | 26,790 | 1,919,773 | ||||||
Samsung SDI | 360 | 223,132 | ||||||
Samsung SDS | 184 | 30,227 | ||||||
SK Hynix | 3,750 | 424,566 | ||||||
2,708,173 | ||||||||
Materials — 1.8% | ||||||||
Hyundai Steel | 432 | 20,600 | ||||||
Korea Zinc | 40 | 15,327 | ||||||
LG Chem | 320 | 241,531 | ||||||
Lotte Chemical | 96 | 22,377 | ||||||
POSCO | 544 | 168,105 | ||||||
467,940 | ||||||||
Utilities — 0.3% | ||||||||
Korea Electric Power | 3,394 | 74,893 | ||||||
TOTAL SOUTH KOREA | 6,126,615 | |||||||
TAIWAN — 25.4% | ||||||||
Communication Services — 1.0% | ||||||||
Chunghwa Telecom | 32,000 | 130,929 | ||||||
Far EasTone Telecommunications | 21,000 | 48,689 | ||||||
Taiwan Mobile | 21,000 | 76,877 | ||||||
256,495 |
70 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Staples — 0.6% | ||||||||
President Chain Store | 8,000 | $ | 75,513 | |||||
Uni-President Enterprises | 32,000 | 84,070 | ||||||
159,583 | ||||||||
Energy — 0.1% | ||||||||
Formosa Petrochemical | 8,000 | 30,579 | ||||||
Financials — 4.7% | ||||||||
Cathay Financial Holding | 48,000 | 92,856 | ||||||
Chailease Holding | 10,071 | 73,194 | ||||||
Chang Hwa Commercial Bank | 120,243 | 69,697 | ||||||
China Development Financial Holding | 146,000 | 68,906 | ||||||
CTBC Financial Holding | 96,000 | 78,213 | ||||||
E.Sun Financial Holding | 89,094 | 84,098 | ||||||
First Financial Holding | 97,282 | 79,257 | ||||||
Fubon Financial Holding | 48,000 | 127,311 | ||||||
Hua Nan Financial Holdings | 81,567 | 54,012 | ||||||
Mega Financial Holding | 64,000 | 75,456 | ||||||
Shanghai Commercial & Savings Bank | 50,000 | 81,202 | ||||||
Shin Kong Financial Holding | 246,000 | 84,141 | ||||||
SinoPac Financial Holdings | 56,000 | 27,636 | ||||||
Taishin Financial Holding | 156,310 | 85,553 | ||||||
Taiwan Cooperative Financial Holding | 84,365 | 64,343 | ||||||
Yuanta Financial Holding | 95,280 | 91,818 | ||||||
1,237,693 | ||||||||
Industrials — 0.3% | ||||||||
Far Eastern New Century | 70,000 | 80,395 | ||||||
Information Technology — 16.4% | ||||||||
ASE Technology Holding | 26,000 | 104,513 | ||||||
Asustek Computer | 8,000 | 106,667 | ||||||
AU Optronics | 82,000 | 66,660 | ||||||
Catcher Technology | 8,000 | 52,257 | ||||||
Delta Electronics | 16,000 | 173,997 | ||||||
Hon Hai Precision Industry | 88,000 | 353,737 | ||||||
Innolux | 48,000 | 35,747 | ||||||
Lite-On Technology | 35,000 | 72,355 | ||||||
MediaTek | 8,000 | 276,214 | ||||||
Novatek Microelectronics | 8,000 | 143,275 | ||||||
Pegatron | 28,000 | 69,139 | ||||||
Quanta Computer | 24,000 | 75,370 | ||||||
Taiwan Semiconductor Manufacturing | 124,000 | 2,648,004 | ||||||
United Microelectronics | 64,000 | 121,970 | ||||||
4,299,905 | ||||||||
Materials — 2.3% | ||||||||
Asia Cement | 32,000 | 58,229 | ||||||
China Steel | 109,000 | 154,918 | ||||||
Formosa Chemicals & Fibre | 23,000 | 69,918 | ||||||
Formosa Plastics | 32,000 | 118,295 |
71 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Materials — continued | ||||||||
Nan Ya Plastics | 40,000 | $ | 119,444 | |||||
Taiwan Cement | 40,370 | 73,894 | ||||||
594,698 | ||||||||
TOTAL TAIWAN | 6,659,348 | |||||||
THAILAND — 2.0% | ||||||||
Communication Services — 0.2% | ||||||||
Advanced Info Service | 8,000 | 42,683 | ||||||
Consumer Staples — 0.3% | ||||||||
CP ALL | 40,000 | 74,883 | ||||||
Energy — 0.5% | ||||||||
PTT | 84,000 | 102,871 | ||||||
PTT Exploration & Production | 11,200 | 40,886 | ||||||
143,757 | ||||||||
Financials — 0.2% | ||||||||
Siam Commercial Bank | 14,400 | 44,031 | ||||||
Health Care — 0.1% | ||||||||
Bangkok Dusit Medical Services, Cl F | 28,000 | 20,093 | ||||||
Industrials — 0.3% | ||||||||
Airports of Thailand | 34,400 | 66,546 | ||||||
Materials — 0.3% | ||||||||
PTT Global Chemical | 18,400 | 33,872 | ||||||
Siam Cement | 3,200 | 43,133 | ||||||
77,005 | ||||||||
Real Estate — 0.1% | ||||||||
Central Pattana | 10,400 | 17,036 | ||||||
TOTAL THAILAND | 486,034 | |||||||
TURKEY — 0.4% | ||||||||
Consumer Staples — 0.1% | ||||||||
BIM Birlesik Magazalar | 5,598 | 40,048 | ||||||
Energy — 0.1% | ||||||||
Turkiye Petrol Rafinerileri * | 1,600 | 17,450 | ||||||
Financials — 0.2% | ||||||||
Akbank | 40,008 | 24,316 | ||||||
Turkiye Garanti Bankasi | 32,012 | 30,584 | ||||||
54,900 | ||||||||
TOTAL TURKEY | 112,398 |
72 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
UNITED ARAB EMIRATES — 0.6% | ||||||||
Communication Services — 0.2% | ||||||||
Emirates Telecommunications Group PJSC | 9,325 | $ | 55,851 | |||||
Financials — 0.3% | ||||||||
Abu Dhabi Commercial Bank PJSC | 11,141 | 20,837 | ||||||
First Abu Dhabi Bank PJSC | 15,211 | 69,157 | ||||||
89,994 | ||||||||
Real Estate — 0.1% | ||||||||
Emaar Properties PJSC | 18,822 | 21,317 | ||||||
TOTAL UNITED ARAB EMIRATES | 167,162 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $23,832,795) | 25,008,258 | |||||||
PREFERRED STOCK (A) — 4.2% | ||||||||
BRAZIL — 2.5% | ||||||||
Consumer Discretionary — 0.1% | ||||||||
Lojas Americanas* | 4,000 | 17,202 | ||||||
Energy — 0.6% | ||||||||
Petroleo Brasileiro | 27,200 | 159,530 | ||||||
Financials — 1.6% | ||||||||
Banco Bradesco* | 33,374 | 171,132 | ||||||
Itau Unibanco Holding | 31,200 | 185,291 | ||||||
Itausa | 28,800 | 63,995 | ||||||
420,418 | ||||||||
Materials — 0.1% | ||||||||
Gerdau | 5,600 | 33,045 | ||||||
Utilities — 0.1% | ||||||||
Cia Energetica de Minas Gerais | 5,381 | 13,007 | ||||||
TOTAL BRAZIL | 643,202 | |||||||
CHILE — 0.1% | ||||||||
Materials — 0.1% | ||||||||
Sociedad Quimica y Minera de Chile | 666 | 31,648 | ||||||
COLOMBIA — 0.1% | ||||||||
Financials — 0.1% | ||||||||
Bancolombia | 2,456 | 17,641 | ||||||
RUSSIA — 0.1% | ||||||||
Energy — 0.1% | ||||||||
Surgutneftegas PJSC | 37,600 | 23,843 |
73 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
PREFERRED STOCK — continued | ||||||||
SOUTH KOREA — 1.4% | ||||||||
Information Technology — 1.4% | ||||||||
Samsung Electronics | 5,596 | $ | 366,226 | |||||
TOTAL PREFERRED STOCK | ||||||||
(Cost $1,005,672) | 1,082,560 | |||||||
TOTAL INVESTMENTS — 99.8% | ||||||||
(Cost $24,838,467) | 26,090,818 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.2% | 61,379 | |||||||
NET ASSETS — 100% | $ | 26,152,197 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
† | Real Estate Investment Trust |
(A) | Currently, no stated interest rate. |
ADR — American Depositary Receipt |
Cl — Class |
GDR — Global Depositary Receipt |
PJSC — Public Joint-Stock Company |
Ser — Series |
74 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI Emerging Markets ex China Index ETF
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-014-0500
75 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
Shares | Value | |||||||
COMMON STOCK — 99.5%‡ | ||||||||
CHINA — 98.4% | ||||||||
Communication Services — 8.3% | ||||||||
Tencent Holdings | 15,300 | $ | 1,150,576 | |||||
Wuhu Sanqi Interactive Entertainment Network Technology Group, Cl A | 1,600 | 5,948 | ||||||
1,156,524 | ||||||||
Consumer Discretionary — 42.3% | ||||||||
Alibaba Group Holding * | 43,336 | 1,227,672 | ||||||
Baozun ADR * | 764 | 27,076 | ||||||
BYD, Cl A | 1,401 | 54,428 | ||||||
BYD, Cl H | 10,000 | 299,001 | ||||||
Changzhou Xingyu Automotive Lighting Systems, Cl A | 200 | 6,987 | ||||||
China East Education Holdings | 7,000 | 10,997 | ||||||
China Education Group Holdings | 9,000 | 20,073 | ||||||
China Tourism Group Duty Free, Cl A | 1,400 | 65,029 | ||||||
Chongqing Changan Automobile, Cl A | 3,200 | 13,016 | ||||||
Dongfeng Motor Group, Cl H | 32,000 | 28,762 | ||||||
Fuyao Glass Industry Group, Cl A | 1,400 | 12,102 | ||||||
Fuyao Glass Industry Group, Cl H | 7,200 | 50,714 | ||||||
Geely Automobile Holdings | 72,000 | 226,685 | ||||||
Great Wall Motor, Cl A | 1,500 | 10,120 | ||||||
Great Wall Motor, Cl H | 40,000 | 129,284 | ||||||
Guangdong Xinbao Electrical Appliances Holdings, Cl A | 600 | 2,438 | ||||||
Guangzhou Automobile Group, Cl H | 36,000 | 32,311 | ||||||
Hangzhou Robam Appliances, Cl A | 700 | 5,038 | ||||||
HengTen Networks Group * | 36,000 | 28,788 | ||||||
Joyoung, Cl A | 500 | 2,514 | ||||||
Kuang-Chi Technologies, Cl A * | 1,500 | 4,831 | ||||||
Li Auto ADR * | 5,899 | 206,111 | ||||||
Li Ning | 27,500 | 335,701 | ||||||
Liaoning Cheng Da, Cl A | 1,100 | 3,543 | ||||||
Meituan, Cl B * | 30,900 | 1,274,859 | ||||||
Minth Group | 10,000 | 47,516 | ||||||
NIO ADR * | 13,019 | 692,611 | ||||||
Shenzhen Overseas Chinese Town, Cl A | 6,000 | 6,909 | ||||||
Shenzhou International Group Holdings | 10,100 | 255,041 | ||||||
Suning.com, Cl A *(A)(B)(C) | 6,900 | 5,927 | ||||||
TCL Technology Group, Cl A | 10,500 | 12,433 | ||||||
Tongcheng-Elong Holdings * | 11,600 | 29,038 | ||||||
Topsports International Holdings | 19,000 | 31,121 | ||||||
Vipshop Holdings ADR * | 5,634 | 113,131 | ||||||
Weifu High-Technology Group, Cl A | 700 | 2,257 | ||||||
Wuchan Zhongda Group, Cl A | 3,500 | 4,263 | ||||||
Xiamen Intretech, Cl A | 400 | 2,409 | ||||||
XPeng ADR * | 4,010 | 178,124 | ||||||
Yadea Group Holdings | 14,000 | 30,106 |
76 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Consumer Discretionary — continued | ||||||||
Yum China Holdings | 5,249 | $ | 347,746 | |||||
Zhongsheng Group Holdings | 7,000 | 58,229 | ||||||
5,894,941 | ||||||||
Consumer Staples — 3.3% | ||||||||
Angel Yeast, Cl A | 700 | 5,892 | ||||||
By-health, Cl A | 1,300 | 6,620 | ||||||
China Feihe | 46,000 | 99,276 | ||||||
China Mengniu Dairy | 39,000 | 235,782 | ||||||
Dali Foods Group | 25,500 | 15,203 | ||||||
Fu Jian Anjoy Foods, Cl A | 200 | 7,863 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 4,500 | 25,652 | ||||||
Uni-President China Holdings | 16,000 | 17,657 | ||||||
Want Want China Holdings | 61,000 | 43,202 | ||||||
457,147 | ||||||||
Energy — 0.0% | ||||||||
Offshore Oil Engineering, Cl A | 3,300 | 2,298 | ||||||
Yantai Jereh Oilfield Services Group, Cl A | 700 | 4,843 | ||||||
7,141 | ||||||||
Financials — 14.0% | ||||||||
China Construction Bank, Cl A | 7,100 | 7,308 | ||||||
China Construction Bank, Cl H | 1,199,000 | 943,347 | ||||||
China Merchants Bank, Cl H | 47,500 | 405,220 | ||||||
Huaxia Bank, Cl A | 9,600 | 9,197 | ||||||
Industrial Bank, Cl A | 15,200 | 48,347 | ||||||
Ping An Insurance Group of China, Cl A | 5,000 | 49,746 | ||||||
Ping An Insurance Group of China, Cl H | 49,500 | 484,747 | ||||||
1,947,912 | ||||||||
Health Care — 12.0% | ||||||||
3SBio * | 16,000 | 19,779 | ||||||
Alibaba Health Information Technology * | 12,000 | 26,609 | ||||||
CanSino Biologics, Cl A * | 200 | 24,076 | ||||||
CanSino Biologics, Cl H * | 1,000 | 53,130 | ||||||
China Medical System Holdings | 17,000 | 44,767 | ||||||
China National Medicines, Cl A | 600 | 3,070 | ||||||
China Resources Pharmaceutical Group | 19,000 | 11,842 | ||||||
China Resources Sanjiu Medical & Pharmaceutical, Cl A | 800 | 3,312 | ||||||
CSPC Pharmaceutical Group | 109,800 | 158,920 | ||||||
Genscript Biotech * | 14,000 | 61,114 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 1,100 | 5,763 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 400 | 9,892 | ||||||
Hansoh Pharmaceutical Group | 16,000 | 70,050 | ||||||
Hutchmed China ADR * | 866 | 34,008 | ||||||
Jafron Biomedical, Cl A | 600 | 8,020 | ||||||
Jinxin Fertility Group * | 16,000 | 40,382 | ||||||
Microport Scientific | 7,000 | 62,781 |
77 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Health Care — continued | ||||||||
Ovctek China, Cl A | 680 | $ | 10,899 | |||||
Pharmaron Beijing, Cl A | 500 | 16,793 | ||||||
Pharmaron Beijing, Cl H | 1,700 | 45,314 | ||||||
Shandong Weigao Group Medical Polymer, Cl H | 32,000 | 74,665 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 1,300 | 14,513 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H | 6,000 | 48,443 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 1,400 | 4,579 | ||||||
Shanghai Pharmaceuticals Holding, Cl H | 9,500 | 20,747 | ||||||
Topchoice Medical, Cl A * | 300 | 19,084 | ||||||
WuXi AppTec, Cl A | 1,920 | 46,535 | ||||||
WuXi AppTec, Cl H | 4,200 | 98,052 | ||||||
Wuxi Biologics Cayman * | 34,000 | 623,010 | ||||||
Yunnan Baiyao Group, Cl A | 900 | 16,120 | ||||||
Zhejiang Jiuzhou Pharmaceutical, Cl A | 600 | 4,511 | ||||||
1,680,780 | ||||||||
Industrials — 7.0% | ||||||||
51job ADR * | 378 | 29,397 | ||||||
Air China, Cl A * | 5,300 | 6,382 | ||||||
Air China, Cl H * | 22,000 | 16,176 | ||||||
A-Living Smart City Services, Cl H | 7,250 | 36,083 | ||||||
China Conch Venture Holdings | 20,500 | 86,320 | ||||||
China Eastern Airlines, Cl A * | 8,300 | 6,526 | ||||||
China Everbright Environment Group | 45,000 | 25,496 | ||||||
China Lesso Group Holdings | 13,000 | 32,074 | ||||||
CITIC | 72,000 | 77,601 | ||||||
Contemporary Amperex Technology, Cl A | 1,800 | 148,996 | ||||||
Country Garden Services Holdings | 18,000 | 194,467 | ||||||
Eve Energy, Cl A | 1,500 | 24,129 | ||||||
Ever Sunshine Lifestyle Services Group | 8,000 | 19,861 | ||||||
Fosun International | 30,500 | 43,909 | ||||||
Gotion High-tech, Cl A * | 1,000 | 6,742 | ||||||
Greentown Service Group | 18,000 | 27,953 | ||||||
Jiangsu Zhongtian Technology, Cl A | 2,200 | 3,405 | ||||||
NARI Technology, Cl A | 4,080 | 14,676 | ||||||
Shanghai Electric Group, Cl A | 7,900 | 5,185 | ||||||
Shanghai M&G Stationery, Cl A | 800 | 10,470 | ||||||
Shenzhen Inovance Technology, Cl A | 1,950 | 22,413 | ||||||
Shenzhen International Holdings | 15,000 | 20,745 | ||||||
Sinotrans, Cl A | 3,300 | 2,579 | ||||||
Sinotruk Hong Kong | 8,500 | 18,213 | ||||||
Sungrow Power Supply, Cl A | 1,100 | 19,590 | ||||||
Xinjiang Goldwind Science & Technology, Cl A | 2,600 | 4,894 | ||||||
Xinjiang Goldwind Science & Technology, Cl H | 9,800 | 15,320 | ||||||
Yutong Bus, Cl A | 1,600 | 3,093 | ||||||
Zhejiang Chint Electrics, Cl A | 1,600 | 8,266 | ||||||
Zhejiang Expressway, Cl H | 18,000 | 16,016 | ||||||
Zhejiang Weixing New Building Materials, Cl A | 1,200 | 3,839 |
78 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Industrials — continued | ||||||||
Zoomlion Heavy Industry Science and Technology | 15,800 | $ | 16,541 | |||||
Zoomlion Heavy Industry Science and Technology, Cl A | 5,100 | 7,294 | ||||||
974,651 | ||||||||
Information Technology — 3.2% | ||||||||
360 Security Technology, Cl A * | 3,600 | 6,803 | ||||||
AAC Technologies Holdings | 9,000 | 67,333 | ||||||
GoerTek, Cl A | 2,700 | 17,861 | ||||||
Kingdee International Software Group * | 33,000 | 111,971 | ||||||
Lenovo Group | 88,000 | 101,192 | ||||||
Unisplendour, Cl A | 2,151 | 7,285 | ||||||
Xinyi Solar Holdings | 60,000 | 129,490 | ||||||
441,935 | ||||||||
Materials — 1.0% | ||||||||
BBMG, Cl A | 6,200 | 2,582 | ||||||
China Jushi, Cl A | 2,986 | 7,168 | ||||||
China Molybdenum, Cl A | 13,200 | 10,542 | ||||||
China Molybdenum, Cl H | 42,000 | 24,932 | ||||||
Ganfeng Lithium, Cl A | 800 | 14,994 | ||||||
Ganfeng Lithium, Cl H | 2,000 | 29,874 | ||||||
GEM, Cl A | 3,500 | 5,065 | ||||||
Lee & Man Paper Manufacturing | 17,000 | 12,938 | ||||||
Shandong Sinocera Functional Material, Cl A | 700 | 5,282 | ||||||
Skshu Paint, Cl A | 340 | 9,262 | ||||||
Transfar Zhilian, Cl A | 2,500 | 2,983 | ||||||
Zhejiang Huayou Cobalt, Cl A | 1,000 | 17,676 | ||||||
143,298 | ||||||||
Real Estate — 4.4% | ||||||||
China Aoyuan Group | 14,000 | 11,808 | ||||||
China Jinmao Holdings Group | 68,000 | 22,766 | ||||||
China Merchants Property Operation & Service, Cl A | 800 | 2,127 | ||||||
China Merchants Shekou Industrial Zone Holdings, Cl A | 5,800 | 9,830 | ||||||
China Overseas Land & Investment | 47,000 | 106,760 | ||||||
China Vanke, Cl A | 7,100 | 26,165 | ||||||
China Vanke, Cl H | 20,700 | 64,772 | ||||||
CIFI Holdings Group | 40,000 | 31,214 | ||||||
Greenland Holdings, Cl A | 6,000 | 5,061 | ||||||
Guangzhou R&F Properties | 20,800 | 23,731 | ||||||
Hopson Development Holdings | 7,900 | 36,215 | ||||||
Jinke Properties Group, Cl A | 4,000 | 3,585 | ||||||
Kaisa Group Holdings | 33,000 | 12,493 | ||||||
KWG Group Holdings | 15,500 | 20,757 | ||||||
Logan Group | 17,000 | 25,437 | ||||||
Longfor Group Holdings | 22,500 | 126,033 | ||||||
Poly Developments and Holdings Group, Cl A | 8,700 | 16,213 | ||||||
Poly Property Services, Cl H | 1,600 | 10,858 | ||||||
Shenzhen Investment | 34,000 | 10,464 |
79 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Real Estate — continued | ||||||||
Shimao Group Holdings | 15,000 | $ | 36,776 | |||||
Zhenro Properties Group | 16,000 | 8,942 | ||||||
612,007 | ||||||||
Utilities — 2.9% | ||||||||
Beijing Enterprises Water Group | 58,000 | 21,958 | ||||||
China Gas Holdings | 38,000 | 115,969 | ||||||
China Resources Gas Group | 12,000 | 72,008 | ||||||
ENN Energy Holdings | 9,800 | 186,514 | ||||||
Sichuan Chuantou Energy, Cl A | 2,800 | 5,343 | ||||||
401,792 | ||||||||
TOTAL CHINA | 13,718,128 | |||||||
HONG KONG — 1.0% | ||||||||
Consumer Staples — 0.1% | ||||||||
Vinda International Holdings | 5,000 | 15,388 | ||||||
Health Care — 0.9% | ||||||||
Sino Biopharmaceutical | 129,000 | 126,577 | ||||||
TOTAL HONG KONG | 141,965 | |||||||
SINGAPORE — 0.1% | ||||||||
Industrials — 0.1% | ||||||||
BOC Aviation | 2,700 | 22,773 | ||||||
TOTAL SINGAPORE | 22,773 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $12,430,518) | 13,882,866 | |||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $12,430,518) | 13,882,866 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.5% | 62,858 | |||||||
NET ASSETS — 100% | $ | 13,945,724 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Security is fair valued using methods determined in good faith by the Fair Value Committee of the Board of Trustees. The total value of such securities as of June 30, 2021 was $5,927 and represents 0.0% of Net Assets. |
(B) | Level 3 security in accordance with fair value hierarchy. |
(C) | Security considered illiquid. The total value of such securities as of June 30, 2021 was $5,927 and represents 0.0% of Net Assets. |
ADR — American Depositary Receipt |
Cl — Class |
80 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares MSCI China ESG Leaders ETF
The following summarizes the market value of the Fund’s investments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3^ | Total | ||||||||||||
Common Stock | ||||||||||||||||
China | ||||||||||||||||
Communication Services | $ | 1,156,524 | $ | — | $ | — | $ | 1,156,524 | ||||||||
Consumer Discretionary | 5,889,014 | — | 5,927 | 5,894,941 | ||||||||||||
Consumer Staples | 457,147 | — | — | 457,147 | ||||||||||||
Energy | 7,141 | — | — | 7,141 | ||||||||||||
Financials | 1,947,912 | — | — | 1,947,912 | ||||||||||||
Health Care | 1,680,780 | — | — | 1,680,780 | ||||||||||||
Industrials | 974,651 | — | — | 974,651 | ||||||||||||
Information Technology | 441,935 | — | — | 441,935 | ||||||||||||
Materials | 143,298 | — | — | 143,298 | ||||||||||||
Real Estate | 612,007 | — | — | 612,007 | ||||||||||||
Utilities | 401,792 | — | — | 401,792 | ||||||||||||
Hong Kong | 141,965 | — | — | 141,965 | ||||||||||||
Singapore | 22,773 | — | — | 22,773 | ||||||||||||
Total Common Stock | 13,876,939 | — | 5,927 | 13,882,866 | ||||||||||||
Total Investments in Securities | $ | 13,876,939 | $ | — | $ | 5,927 | $ | 13,882,866 | ||||||||
^ A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments is only presented when the Fund has over 1% of Level 3 investments at the beginning and/or end of the period in relation to net assets.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-021-0100
81 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Global Carbon ETF
Shares | Value | |||||||
EXCHANGE - TRADED FUND — 1.1% | ||||||||
Schwab Short-Term U.S. Treasury ETF ‡ | 109,950 | $ | 5,631,639 | |||||
TOTAL EXCHANGE - TRADED FUND | ||||||||
(Cost $5,654,285) | 5,631,639 | |||||||
TOTAL INVESTMENTS — 1.1% | ||||||||
(Cost $5,654,285) | 5,631,639 | |||||||
OTHER ASSETS LESS LIABILITIES — 98.9% | 508,031,944 | |||||||
NET ASSETS — 100% | $ | 513,663,583 |
A list of the open futures contracts held by the Fund at June 30, 2021, is as follows:
Type of Contract | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/ (Depreciation) | |||||||||||
Long Contracts | ||||||||||||||||
RGGI Vintage 2021^ | 4,108 | Dec-2021 | $ | 33,384,728 | $ | 34,918,000 | $ | 1,533,272 | ||||||||
CA Carbon 2021^ | 3,429 | Dec-2021 | 67,009,786 | 75,712,320 | 8,702,534 | |||||||||||
CA Carbon 2021^ | 812 | Dec-2022 | 16,698,033 | 18,846,520 | 2,148,487 | |||||||||||
Euro 2021^ | 55 | Sep-2021 | 8,386,812 | 8,157,188 | (229,625 | ) | ||||||||||
ICE ECX Emission 2021^ | 5,278 | Dec-2021 | 301,670,888 | 352,830,582 | 56,099,427 | |||||||||||
ICE ECX Emission 2022^ | 439 | Dec-2022 | 25,322,095 | 29,560,292 | 4,651,366 | |||||||||||
$ | 452,472,342 | $ | 520,024,902 | $ | 72,905,461 |
^ | Security is held by the KFA Global Carbon Subsidiary, Ltd. as of June 30, 2021. |
‡ | For financial information on the Schwab Short-Term U.S. Treasury ETF, please go to the Securities Exchange Commission’s website at http://www.sec.gov. |
CA — California |
ECX — European Climate Exchange |
ETF — Exchange-Traded Fund |
ICE — Intercontinental Exchange |
RGGI — Regional Greenhouse Gas Initiative |
The following summarizes the market value of the Fund’s investments
and other financial instruments used as of June 30, 2021, based on the inputs used to value them:
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Exchange - Traded Fund | $ | 5,631,639 | $ | — | $ | — | $ | 5,631,639 | ||||||||
Total Investments in Securities | $ | 5,631,639 | $ | — | $ | — | $ | 5,631,639 |
Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Futures Contracts* | ||||||||||||||||
Unrealized Appreciation | $ | 73,135,086 | $ | — | $ | — | $ | 73,135,086 | ||||||||
Unrealized Depreciation | (229,625 | ) | — | — | (229,625 | ) | ||||||||||
Total Other Financial Instruments | $ | 72,905,461 | $ | — | $ | — | $ | 72,905,461 |
* Futures are valued at the unrealized appreciation (depreciation) on the instrument.
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
KRS-QH-020-0100
82 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China 5G And Semiconductor Index ETF
Shares | Value | |||||||
COMMON STOCK — 100.0%‡ | ||||||||
CHINA — 100.0% | ||||||||
Information Technology — 100.0% | ||||||||
Advanced Micro-Fabrication Equipment China, Cl A * | 114,988 | $ | 2,952,987 | |||||
Avary Holding Shenzhen, Cl A | 563,285 | 3,128,174 | ||||||
BOE Technology Group, Cl A | 9,207,730 | 8,892,984 | ||||||
BYD Electronic International | 587,000 | 3,854,955 | ||||||
Chaozhou Three-Circle Group, Cl A | 429,164 | 2,817,762 | ||||||
Foxconn Industrial Internet, Cl A | 5,343,174 | 10,263,168 | ||||||
GDS Holdings ADR * | 37,774 | 2,964,881 | ||||||
Gigadevice Semiconductor Beijing, Cl A | 97,160 | 2,825,691 | ||||||
GoerTek, Cl A | 781,722 | 5,171,270 | ||||||
Guangzhou Shiyuan Electronic Technology, Cl A | 180,823 | 3,478,566 | ||||||
Hua Hong Semiconductor * | 339,000 | 1,872,699 | ||||||
JCET Group, Cl A | 405,321 | 2,363,852 | ||||||
Lingyi iTech Guangdong, Cl A | 1,754,977 | 2,496,303 | ||||||
Luxshare Precision Industry, Cl A | 1,569,005 | 11,171,012 | ||||||
Maxscend Microelectronics, Cl A | 40,593 | 3,377,069 | ||||||
Montage Technology, Cl A | 287,773 | 2,778,470 | ||||||
National Silicon Industry Group, Cl A * | 577,092 | 2,606,398 | ||||||
NAURA Technology Group, Cl A | 94,218 | 4,045,008 | ||||||
Sanan Optoelectronics, Cl A | 1,068,609 | 5,300,993 | ||||||
Shenzhen Goodix Technology, Cl A | 121,998 | 2,447,759 | ||||||
Shenzhen Transsion Holdings, Cl A | 185,497 | 6,014,939 | ||||||
Sunny Optical Technology Group | 240,700 | 7,606,093 | ||||||
Unigroup Guoxin Microelectronics, Cl A | 151,800 | 3,622,750 | ||||||
Will Semiconductor Shanghai, Cl A | 239,071 | 11,914,974 | ||||||
Wingtech Technology, Cl A | 318,455 | 4,776,197 | ||||||
Xiaomi, Cl B * | 4,106,800 | 14,278,360 | ||||||
Yealink Network Technology, Cl A | 217,080 | 2,815,621 | ||||||
Zhejiang Dahua Technology, Cl A | 894,400 | 2,920,953 | ||||||
Zhejiang Jingsheng Mechanical & Electrical, Cl A | 318,320 | 2,488,087 | ||||||
ZTE, Cl H | 1,869,000 | 5,836,225 | ||||||
TOTAL CHINA | 147,084,200 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $130,840,516) | 147,084,200 | |||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $130,840,516) | 147,084,200 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.0% | (35,242 | ) | ||||||
NET ASSETS — 100% | $ | 147,048,958 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
ADR — American Depositary Receipt |
Cl — Class |
83 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China 5G And Semiconductor Index ETF
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-022-0100
84 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Consumer Leaders Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.7%‡ | ||||||||
CHINA — 99.7% | ||||||||
Consumer Discretionary — 39.1% | ||||||||
ANTA Sports Products | 115,000 | $ | 2,706,980 | |||||
China Tourism Group Duty Free, Cl A | 57,200 | 2,656,883 | ||||||
Ecovacs Robotics, Cl A | 57,133 | 2,016,901 | ||||||
Gree Electric Appliances of Zhuhai, Cl A | 345,000 | 2,782,064 | ||||||
Haidilao International Holding | 105,000 | 552,998 | ||||||
Haier Smart Home, Cl A | 383,000 | 1,535,948 | ||||||
Hangzhou Robam Appliances, Cl A | 48,300 | 347,624 | ||||||
Hisense Home Appliances Group, Cl H | 36,000 | 49,694 | ||||||
Li Ning | 196,000 | 2,392,629 | ||||||
Midea Group, Cl A | 299,065 | 3,303,632 | ||||||
Oppein Home Group, Cl A | 26,900 | 591,056 | ||||||
Yum China Holdings | 37,835 | 2,506,569 | ||||||
Zhejiang Supor, Cl A | 37,000 | 365,313 | ||||||
21,808,291 | ||||||||
Consumer Staples — 60.6% | ||||||||
China Mengniu Dairy | 279,000 | 1,686,750 | ||||||
Chongqing Brewery, Cl A * | 21,200 | 649,534 | ||||||
Dali Foods Group | 272,500 | 162,465 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 114,510 | 2,285,468 | ||||||
Henan Shuanghui Investment & Development, Cl A | 297,235 | 1,462,977 | ||||||
Hengan International Group | 71,000 | 475,415 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 447,300 | 2,549,828 | ||||||
Jiangsu King’s Luck Brewery JSC, Cl A | 75,200 | 630,386 | ||||||
Jiangsu Yanghe Brewery Joint-Stock, Cl A | 90,000 | 2,886,308 | ||||||
Kweichow Moutai, Cl A | 26,100 | 8,308,484 | ||||||
Luzhou Laojiao, Cl A | 73,700 | 2,691,407 | ||||||
Muyuan Foods, Cl A | 209,592 | 1,973,020 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 26,500 | 1,837,529 | ||||||
Sichuan Swellfun, Cl A | 19,500 | 381,347 | ||||||
Want Want China Holdings | 687,000 | 486,553 | ||||||
Wuliangye Yibin, Cl A | 115,600 | 5,329,962 | ||||||
33,797,433 | ||||||||
TOTAL CHINA | 55,605,724 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $55,644,265) | 55,605,724 | |||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $55,644,265) | 55,605,724 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.3% | 157,892 | |||||||
NET ASSETS — 100% | $ | 55,763,616 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
85 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares CICC China Consumer Leaders Index ETF
Cl — Class |
JSC — Joint-Stock Company |
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-023-0100
86 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Hang Seng TECH Index ETF
Shares | Value | |||||||
COMMON STOCK — 98.2%‡ | ||||||||
CHINA — 96.3% | ||||||||
Communication Services — 23.6% | ||||||||
Autohome, Cl A * | 600 | $ | 9,851 | |||||
Baidu, Cl A * | 2,050 | 52,637 | ||||||
Bilibili, Cl Z * | 380 | 46,779 | ||||||
China Literature * | 5,000 | 55,596 | ||||||
Kuaishou Technology, Cl B * | 7,600 | 190,640 | ||||||
NetEase | 3,200 | 72,481 | ||||||
Tencent Holdings | 2,300 | 172,962 | ||||||
600,946 | ||||||||
Consumer Discretionary — 30.8% | ||||||||
Alibaba Group Holding * | 7,400 | 209,636 | ||||||
Haier Smart Home, Cl H | 22,400 | 78,168 | ||||||
JD Health International * | 8,100 | 116,089 | ||||||
JD.com, Cl A * | 3,000 | 117,978 | ||||||
Koolearn Technology Holding * | 10,500 | 13,156 | ||||||
Meituan, Cl B * | 5,200 | 214,539 | ||||||
Tongcheng-Elong Holdings * | 14,000 | 35,046 | ||||||
784,612 | ||||||||
Financials — 1.9% | ||||||||
ZhongAn Online P&C Insurance, Cl H * | 8,300 | 46,973 | ||||||
Health Care — 5.7% | ||||||||
Alibaba Health Information Technology * | 44,000 | 97,566 | ||||||
Ping An Healthcare and Technology * | 3,900 | 48,562 | ||||||
146,128 | ||||||||
Information Technology — 34.3% | ||||||||
AAC Technologies Holdings | 7,500 | 56,111 | ||||||
BYD Electronic International | 8,500 | 55,821 | ||||||
GDS Holdings, Cl A * | 2,800 | 27,727 | ||||||
Hua Hong Semiconductor * | 7,000 | 38,669 | ||||||
Kingdee International Software Group * | 24,000 | 81,434 | ||||||
Kingsoft | 8,600 | 51,550 | ||||||
Lenovo Group | 68,000 | 78,194 | ||||||
Ming Yuan Cloud Group Holdings | 9,000 | 44,676 | ||||||
Sunny Optical Technology Group | 6,400 | 202,239 | ||||||
Weimob * | 22,000 | 48,500 | ||||||
Xiaomi, Cl B * | 54,600 | 189,831 | ||||||
874,752 | ||||||||
TOTAL CHINA | 2,453,411 |
87 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares Hang Seng TECH Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
HONG KONG — 1.9% | ||||||||
Information Technology — 1.9% | ||||||||
ASM Pacific Technology | 3,500 | $ | 47,412 | |||||
TOTAL HONG KONG | 47,412 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $2,455,822) | 2,500,823 | |||||||
TOTAL INVESTMENTS — 98.2% | ||||||||
(Cost $2,455,822) | 2,500,823 | |||||||
OTHER ASSETS LESS LIABILITIES — 1.8% | 47,071 | |||||||
NET ASSETS — 100% | $ | 2,547,894 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
Cl — Class |
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements.
KRS-QH-028-0100
88 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares SSE STAR Market 50 Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.5%‡ | ||||||||
CHINA — 99.5% | ||||||||
Consumer Discretionary — 7.7% | ||||||||
Autel Intelligent Technology, Cl A | 208,067 | $ | 2,801,450 | |||||
Beijing Roborock Technology, Cl A | 30,821 | 6,015,506 | ||||||
Ninebot * | 73,035 | 962,217 | ||||||
9,779,173 | ||||||||
Health Care — 20.3% | ||||||||
Bloomage Biotechnology, Cl A | 83,228 | 3,579,364 | ||||||
BrightGene Bio-Medical Technology, Cl A | 236,967 | 1,533,481 | ||||||
CanSino Biologics, Cl A * | 39,803 | 4,791,564 | ||||||
Micro-Tech Nanjing, Cl A | 46,238 | 2,230,654 | ||||||
Qingdao Haier Biomedical, Cl A | 146,603 | 2,384,822 | ||||||
Sansure Biotech, Cl A | 41,610 | 640,491 | ||||||
Shanghai Haohai Biological Technology, Cl A | 47,788 | 1,548,098 | ||||||
Shanghai Junshi Biosciences, Cl A * | 87,703 | 1,102,388 | ||||||
Shanghai MicroPort Endovascular MedTech, Cl A | 33,282 | 2,341,848 | ||||||
Shanghai Shen Lian Biomedical, Cl A | 189,436 | 399,053 | ||||||
Shenzhen Chipscreen Biosciences, Cl A * | 284,364 | 2,032,979 | ||||||
Shenzhen Lifotronic Technology, Cl A | 195,214 | 926,389 | ||||||
Suzhou Zelgen Biopharmaceutical * | 166,456 | 1,821,758 | ||||||
Xiamen Amoytop Biotech, Cl A | 94,045 | 525,476 | ||||||
25,858,365 | ||||||||
Industrials — 8.9% | ||||||||
Farasis Energy Gan Zhou, Cl A * | 185,643 | 984,698 | ||||||
Guangdong Jia Yuan Technology Shares, Cl A | 186,817 | 2,630,130 | ||||||
Ningbo Ronbay New Energy Technology, Cl A | 310,285 | 5,820,680 | ||||||
Zhejiang HangKe Technology, Cl A | 139,651 | 1,837,271 | ||||||
11,272,779 | ||||||||
Information Technology — 56.9% | ||||||||
Advanced Micro-Fabrication Equipment China, Cl A * | 309,134 | 7,938,819 | ||||||
Amlogic Shanghai, Cl A | 237,615 | 4,126,454 | ||||||
Anji Microelectronics Technology Shanghai, Cl A | 30,695 | 1,477,537 | ||||||
Appotronics, Cl A | 209,344 | 1,356,993 | ||||||
Arcsoft, Cl A | 234,654 | 2,024,805 | ||||||
Beijing Kingsoft Office Software, Cl A | 209,508 | 12,802,303 | ||||||
Cambricon Technologies * | 41,628 | 890,439 | ||||||
China Railway Signal & Communication, Cl A | 2,989,607 | 2,632,914 | ||||||
China Resources Microelectronics, Cl A | 305,192 | 4,299,523 | ||||||
DBAPP Security, Cl A | 51,372 | 2,003,721 | ||||||
Espressif Systems Shanghai, Cl A | 46,304 | 1,672,888 | ||||||
Guangzhou Fangbang Electronics, Cl A | 36,992 | 532,306 | ||||||
Montage Technology, Cl A | 522,959 | 5,049,209 | ||||||
National Silicon Industry Group, Cl A * | 573,408 | 2,589,759 | ||||||
Piesat Information Technology, Cl A | 115,350 | 735,393 | ||||||
Qi An Xin Technology Group, Cl A * | 86,414 | 1,234,648 | ||||||
Raytron Technology, Cl A | 257,200 | 3,974,133 |
89 |
Schedule of Investments (Unaudited) June 30, 2021
KraneShares SSE STAR Market 50 Index ETF
Shares | Value | |||||||
COMMON STOCK — continued | ||||||||
Information Technology — continued | ||||||||
Shanghai Bright Power Semiconductor, Cl A | 21,508 | $ | 1,116,072 | |||||
Shanghai Friendess Electronic Technology, Cl A | 34,781 | 2,347,139 | ||||||
Shenzhen Transsion Holdings, Cl A | 277,425 | 8,995,804 | ||||||
Suzhou HYC Technology, Cl A | 45,626 | 268,070 | ||||||
Trina Solar, Cl A | 358,579 | 1,573,433 | ||||||
UCloud Technology, Cl A | 244,211 | 1,483,595 | ||||||
Verisilicon Microelectronics Shanghai, Cl A * | 56,454 | 681,291 | ||||||
Willfar Information Technology, Cl A | 115,594 | 477,702 | ||||||
72,284,950 | ||||||||
Materials — 5.7% | ||||||||
Cathay Biotech, Cl A | 48,167 | 781,977 | ||||||
Jiangsu Cnano Technology, Cl A | 214,407 | 3,915,897 | ||||||
Western Superconducting Technologies, Cl A | 255,039 | 2,560,713 | ||||||
7,258,587 | ||||||||
TOTAL CHINA | 126,453,854 | |||||||
TOTAL COMMON STOCK | ||||||||
(Cost $107,934,174) | 126,453,854 | |||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $107,934,174) | 126,453,854 | |||||||
OTHER ASSETS LESS LIABILITIES — 0.5% | 686,262 | |||||||
NET ASSETS — 100% | $ | 127,140,116 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
Cl — Class |
As of June 30, 2021, all of the Fund’s investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance under U.S. GAAP. |
For the period ended June 30, 2021, there have been no transfers in or out of Level 3.
For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
KRS-QH-024-0100
90 |