KraneShares E Fund China Commercial Paper ETF gives details

By Toni Weeks

San Luis Obispo, Calif., Sept. 17 – KraneShares Trust announced details about its new KraneShares E Fund China Commercial Paper ETF, according to an N-1A filing with the Securities and Exchange Commission.

The new exchange-traded fund will seek to provide investment results that correspond, before fees and expenses, to the price and yield performance of a specific foreign fixed-income securities benchmark, the CSI Diversified High Grade Commercial Paper Unhedged index, which tracks the performance of investment-grade on-shore renminbi-denominated commercial paper issued by sovereign, quasi-sovereign and corporate issuers in the People’s Republic of China and traded in the inter-bank bond market. Under normal circumstances, the fund will invest at least 80% of its total assets in securities of the index.

Xiaochen Wang and Qiang Zhang are the portfolio managers.

The fund will list its shares on the NYSE Arca exchange under the symbol “KCNY.”

There will be no shareholder fees. Total annual fund operating expenses are expected to be 0.68%, which consists solely of a 0.68% management fee.

New York-based Krane Funds Advisors, LLC will serve as the investment adviser. E Fund Management (Hong Kong) Co., Ltd. is the fund’s co-adviser.

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