Schedule of Investments (Unaudited) December 31, 2023
KraneShares CSI China Internet ETF
Shares | Value | |||||||
COMMON STOCK — 99.8% ‡ | ||||||||
CHINA — 99.4% | ||||||||
Communication Services — 39.4% | ||||||||
Autohome ADR | 2,300,718 | $ | 64,558,147 | |||||
Baidu, Cl A * | 14,935,334 | 222,063,287 | ||||||
Bilibili, Cl Z * (A) | 8,831,224 | 105,858,651 | ||||||
China Literature * | 16,117,000 | 59,959,768 | ||||||
iQIYI ADR * | 17,860,112 | 87,157,347 | ||||||
JOYY ADR | 1,157,390 | 45,948,383 | ||||||
Kanzhun ADR | 13,625,210 | 226,314,738 | ||||||
Kingsoft | 34,084,200 | 105,196,127 | ||||||
Kuaishou Technology, Cl B * | 30,041,000 | 203,708,877 | ||||||
NetEase | 15,134,705 | 272,514,042 | ||||||
Tencent Holdings | 13,227,475 | 497,350,553 | ||||||
Tencent Music Entertainment Group ADR * | 21,368,730 | 192,532,257 | ||||||
Weibo ADR | 2,926,450 | 32,044,627 | ||||||
2,115,206,804 | ||||||||
Consumer Discretionary — 42.7% | ||||||||
Alibaba Group Holding | 52,727,864 | 510,495,101 | ||||||
East Buy Holding * (A) | 13,935,000 | 49,611,388 | ||||||
JD.com, Cl A | 16,263,990 | 234,319,931 | ||||||
Meituan, Cl B * | 33,866,548 | 355,209,385 | ||||||
PDD Holdings ADR * | 2,968,052 | 434,255,688 | ||||||
TAL Education Group ADR * | 15,887,368 | 200,657,458 | ||||||
Tongcheng Travel Holdings * | 41,591,800 | 76,913,843 | ||||||
Trip.com Group * | 6,304,300 | 224,122,747 | ||||||
Vipshop Holdings ADR * | 11,808,577 | 209,720,328 | ||||||
2,295,305,869 | ||||||||
Consumer Staples — 6.2% | ||||||||
Alibaba Health Information Technology * | 167,906,000 | 91,172,041 | ||||||
JD Health International * | 39,494,500 | 197,762,062 | ||||||
Ping An Healthcare and Technology * (A) | 20,423,900 | 46,452,730 | ||||||
335,386,833 | ||||||||
Financials — 2.8% | ||||||||
Lufax Holding ADR | 7,118,113 | 21,852,606 | ||||||
Qifu Technology ADR | 5,022,494 | 79,455,855 | ||||||
ZhongAn Online P&C Insurance, Cl H * | 21,732,400 | 49,651,474 | ||||||
150,959,935 | ||||||||
Health Care — 0.2% | ||||||||
YSB * (A) | 11,889,600 | 12,546,542 | ||||||
Industrials — 4.0% | ||||||||
Full Truck Alliance ADR * | 30,411,859 | 213,187,132 |
1
Schedule of Investments (Unaudited) December 31, 2023
KraneShares CSI China Internet ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Real Estate — 4.1% | ||||||||
KE Holdings ADR | 13,733,093 | $ | 222,613,437 | |||||
TOTAL CHINA | 5,345,206,552 | |||||||
HONG KONG — 0.4% | ||||||||
Consumer Discretionary — 0.4% | ||||||||
Fenbi * (A) | 38,393,500 | 22,568,360 | ||||||
TOTAL HONG KONG | 22,568,360 | |||||||
TOTAL COMMON STOCK (Cost $6,834,517,186) | 5,367,774,912 | |||||||
SHORT-TERM INVESTMENT — 1.3% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 5.230% (B) (C) | 68,614,119 | 68,614,119 | ||||||
TOTAL SHORT-TERM INVESTMENT (Cost $68,614,119) | 68,614,119 | |||||||
TOTAL INVESTMENTS — 101.1% (Cost $6,903,131,305) | 5,436,389,031 | |||||||
OTHER ASSETS LESS LIABILITIES – (1.1)% | (60,588,656 | ) | ||||||
NET ASSETS - 100% | $ | 5,375,800,375 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Certain securities or partial positions of certain securities are on loan at December 31, 2023. |
(B) | The rate shown is the 7-day effective yield as of December 31, 2023. |
(C) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of December 31, 2023 was $68,614,119. |
See “Glossary” for abbreviations.
KRS-QH-002-2100
2
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Bosera MSCI China A 50 Connect Index ETF
Shares | Value | |||||||
COMMON STOCK — 98.4% ‡ | ||||||||
CHINA — 98.4% | ||||||||
Communication Services — 1.8% | ||||||||
China United Network Communications, Cl A | 5,028,000 | $ | 3,092,807 | |||||
Focus Media Information Technology, Cl A | 2,283,202 | 2,026,491 | ||||||
5,119,298 | ||||||||
Consumer Discretionary — 5.7% | ||||||||
BYD, Cl A | 395,900 | 11,008,651 | ||||||
China Tourism Group Duty Free, Cl A | 426,332 | 5,010,775 | ||||||
16,019,426 | ||||||||
Consumer Staples — 14.4% | ||||||||
Foshan Haitian Flavouring & Food, Cl A | 336,242 | 1,792,038 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 461,912 | 1,735,267 | ||||||
Jiangsu Yanghe Brewery JSC, Cl A | 109,322 | 1,687,286 | ||||||
Kweichow Moutai, Cl A | 91,189 | 22,103,785 | ||||||
Luzhou Laojiao, Cl A | 106,746 | 2,689,712 | ||||||
Muyuan Foods, Cl A | 396,545 | 2,293,307 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 88,516 | 2,868,199 | ||||||
Wuliangye Yibin, Cl A | 281,679 | 5,550,429 | ||||||
40,720,023 | ||||||||
Energy — 3.3% | ||||||||
China Petroleum & Chemical, Cl A | 2,883,640 | 2,259,741 | ||||||
China Shenhua Energy, Cl A | 599,947 | 2,641,398 | ||||||
PetroChina, Cl A | 1,963,600 | 1,946,889 | ||||||
Shaanxi Coal Industry, Cl A | 881,716 | 2,586,727 | ||||||
9,434,755 | ||||||||
Financials — 18.3% | ||||||||
Agricultural Bank of China, Cl A | 9,445,607 | 4,828,527 | ||||||
Bank of Communications, Cl A | 4,352,499 | 3,508,601 | ||||||
Bank of Ningbo, Cl A | 732,318 | 2,068,213 | ||||||
China Merchants Bank, Cl A | 2,287,567 | 8,937,465 | ||||||
China Pacific Insurance Group, Cl A | 759,114 | 2,535,142 | ||||||
CITIC Securities, Cl A | 1,357,921 | 3,884,624 | ||||||
East Money Information, Cl A | 1,758,431 | 3,467,176 | ||||||
Industrial & Commercial Bank of China, Cl A | 6,976,026 | 4,682,948 | ||||||
Industrial Bank, Cl A | 2,303,622 | 5,244,181 | ||||||
Ping An Bank, Cl A | 2,151,967 | 2,837,818 | ||||||
Ping An Insurance Group of China, Cl A | 1,193,398 | 6,754,197 | ||||||
Shanghai Pudong Development Bank, Cl A | 3,254,846 | 3,026,021 | ||||||
51,774,913 | ||||||||
Health Care — 8.6% | ||||||||
Aier Eye Hospital Group, Cl A | 1,441,881 | 3,203,460 | ||||||
Jiangsu Hengrui Pharmaceuticals, Cl A | 985,939 | 6,262,677 |
3
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Bosera MSCI China A 50 Connect Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Health Care (continued) | ||||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 187,353 | $ | 7,646,095 | |||||
WuXi AppTec, Cl A | 396,682 | 4,053,392 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 93,250 | 3,169,054 | ||||||
24,334,678 | ||||||||
Industrials — 14.3% | ||||||||
Beijing-Shanghai High Speed Railway, Cl A | 8,471,700 | 5,853,547 | ||||||
China State Construction Engineering, Cl A | 7,231,758 | 4,885,088 | ||||||
Contemporary Amperex Technology, Cl A | 758,655 | 17,394,331 | ||||||
NARI Technology, Cl A | 1,385,915 | 4,344,244 | ||||||
SF Holding, Cl A | 844,459 | 4,791,190 | ||||||
Sungrow Power Supply, Cl A | 256,238 | 3,151,966 | ||||||
40,420,366 | ||||||||
Information Technology — 16.4% | ||||||||
Beijing Kingsoft Office Software, Cl A | 167,714 | 7,447,570 | ||||||
BOE Technology Group, Cl A | 13,619,345 | 7,459,406 | ||||||
Foxconn Industrial Internet, Cl A | 4,811,700 | 10,217,244 | ||||||
LONGi Green Energy Technology, Cl A | 2,754,391 | 8,858,181 | ||||||
Luxshare Precision Industry, Cl A | 2,596,750 | 12,563,272 | ||||||
46,545,673 | ||||||||
Materials — 10.1% | ||||||||
Wanhua Chemical Group, Cl A | 1,385,099 | 14,943,025 | ||||||
Zijin Mining Group, Cl A | 7,864,892 | 13,762,401 | ||||||
28,705,426 | ||||||||
Real Estate — 1.5% | ||||||||
China Vanke, Cl A | 1,344,900 | 1,975,628 | ||||||
Poly Developments and Holdings Group, Cl A | 1,655,477 | 2,301,663 | ||||||
4,277,291 | ||||||||
Utilities — 4.0% | ||||||||
China Three Gorges Renewables Group, Cl A | 3,360,700 | 2,062,503 | ||||||
China Yangtze Power, Cl A | 2,872,870 | 9,416,733 | ||||||
11,479,236 | ||||||||
TOTAL CHINA | 278,831,085 | |||||||
TOTAL COMMON STOCK (Cost $345,577,948) | 278,831,085 |
4
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Bosera MSCI China A 50 Connect Index ETF (concluded)
Number of Rights | Value | ||||||
RIGHTS — 0.0% | |||||||
CHINA — 0.0% | |||||||
Health Care — 0.0% | |||||||
Kangmei Pharma ‡‡ * (A) | 61,390 | $ | — | ||||
TOTAL CHINA | — | ||||||
TOTAL RIGHTS (Cost $–) | — | ||||||
TOTAL INVESTMENTS — 98.4% (Cost $345,577,948) | 278,831,085 | ||||||
OTHER ASSETS LESS LIABILITIES – 1.6% | 4,505,343 | ||||||
NET ASSETS - 100% | $ | 283,336,428 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. | |
(A) | Level 3 security in accordance with fair value hierarchy. | |
‡‡ | Expiration date not available. |
Amounts designated as “ -” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-003-2000
5
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Bloomberg China Bond Inclusion Index ETF
Face Amount (A) | Value | |||||||
CORPORATE OBLIGATIONS — 40.6% | ||||||||
CHINA — 27.1% | ||||||||
Financials — 17.8% | ||||||||
China Everbright Bank | ||||||||
2.470%, 10/20/2025 | $ | 4,000,000 | $ | 560,052 | ||||
Utilities — 9.3% | ||||||||
China Three Gorges | ||||||||
4.150%, 05/11/2026 | 2,000,000 | 290,661 | ||||||
TOTAL CHINA | 850,713 | |||||||
SUPRANATIONAL — 13.5% | ||||||||
Government — 13.5% | ||||||||
New Development Bank | ||||||||
2.450%, 01/27/2025 | 3,000,000 | 421,321 | ||||||
TOTAL CORPORATE OBLIGATIONS (Cost $1,314,560) | 1,272,034 | |||||||
GLOBAL BONDS — 13.6% | ||||||||
CHINA — 13.6% | ||||||||
Agricultural Development Bank of China | ||||||||
2.630%, 06/07/2028 | 200,000 | 28,199 | ||||||
China Development Bank | ||||||||
2.820%, 05/22/2033 | 1,000,000 | 141,442 | ||||||
China Government Bond | ||||||||
2.600%, 09/15/2030 | 800,000 | 112,766 | ||||||
Export-Import Bank of China | ||||||||
3.180%, 03/11/2032 | 1,000,000 | 144,449 | ||||||
426,856 | ||||||||
TOTAL GLOBAL BONDS (Cost $422,948) | 426,856 | |||||||
TOTAL INVESTMENTS — 54.2% (Cost $1,737,508) | 1,698,890 | |||||||
OTHER ASSETS LESS LIABILITIES – 45.8% | 1,435,673 | |||||||
NET ASSETS - 100% | $ | 3,134,563 |
(A) | In CNY unless otherwise indicated. |
See “Glossary” for abbreviations.
KRS-QH-004-1900
6
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.7% ‡ | ||||||||
CHINA — 99.4% | ||||||||
Communication Services — 12.4% | ||||||||
Autohome ADR | 456 | $ | 12,795 | |||||
Baidu, Cl A * | 5,750 | 85,493 | ||||||
Bilibili, Cl Z * | 1,100 | 13,186 | ||||||
Focus Media Information Technology, Cl A | 25,000 | 22,189 | ||||||
iQIYI ADR * | 2,365 | 11,541 | ||||||
Kingsoft | 12,600 | 38,888 | ||||||
Kuaishou Technology, Cl B * | 6,300 | 42,720 | ||||||
NetEase | 3,400 | 61,220 | ||||||
Tencent Holdings | 12,658 | 475,939 | ||||||
Tencent Music Entertainment Group ADR * | 3,190 | 28,742 | ||||||
792,713 | ||||||||
Consumer Discretionary — 22.9% | ||||||||
Alibaba Group Holding | 32,524 | 314,887 | ||||||
ANTA Sports Products | 4,000 | 38,804 | ||||||
BYD, Cl A | 2,000 | 55,613 | ||||||
BYD, Cl H | 3,000 | 82,371 | ||||||
China Tourism Group Duty Free, Cl A | 2,000 | 23,506 | ||||||
Chongqing Changan Automobile, Cl A | 24,338 | 57,524 | ||||||
Fuyao Glass Industry Group, Cl A | 7,100 | 37,282 | ||||||
Geely Automobile Holdings | 20,000 | 22,002 | ||||||
Great Wall Motor, Cl H | 14,500 | 18,830 | ||||||
Guangzhou Automobile Group, Cl H | 22,000 | 10,227 | ||||||
H World Group ADR | 681 | 22,773 | ||||||
Haier Smart Home, Cl A | 7,400 | 21,824 | ||||||
Haier Smart Home, Cl H | 9,800 | 27,673 | ||||||
Huayu Automotive Systems, Cl A | 4,000 | 9,145 | ||||||
JD.com, Cl A | 5,372 | 77,393 | ||||||
Li Auto, Cl A * | 3,100 | 58,399 | ||||||
Li Ning | 6,500 | 17,398 | ||||||
Meituan, Cl B * | 9,966 | 104,526 | ||||||
New Oriental Education & Technology Group * | 5,000 | 35,378 | ||||||
NIO ADR * | 4,002 | 36,298 | ||||||
PDD Holdings ADR * | 1,171 | 171,329 | ||||||
SAIC Motor, Cl A | 10,157 | 19,300 | ||||||
Shenzhou International Group Holdings | 3,300 | 33,978 | ||||||
TAL Education Group ADR * | 2,520 | 31,828 | ||||||
TravelSky Technology, Cl H | 6,000 | 10,373 | ||||||
Trip.com Group * | 1,400 | 49,771 | ||||||
Vipshop Holdings ADR * | 1,609 | 28,576 | ||||||
Yum China Holdings | 1,055 | 44,764 | ||||||
1,461,772 |
7
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Staples — 10.4% | ||||||||
Alibaba Health Information Technology * | 22,000 | $ | 11,946 | |||||
Anhui Gujing Distillery, Cl A | 1,200 | 39,233 | ||||||
China Mengniu Dairy | 12,000 | 32,272 | ||||||
China Resources Beer Holdings | 6,000 | 26,279 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 5,133 | 27,357 | ||||||
Guangdong Haid Group, Cl A | 4,300 | 27,120 | ||||||
Henan Shuanghui Investment & Development, Cl A | 4,600 | 17,255 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 6,700 | 25,170 | ||||||
Jiangsu Yanghe Brewery JSC, Cl A | 1,400 | 21,608 | ||||||
Kweichow Moutai, Cl A | 800 | 193,916 | ||||||
Luzhou Laojiao, Cl A | 2,000 | 50,394 | ||||||
Muyuan Foods, Cl A | 7,502 | 43,386 | ||||||
New Hope Liuhe, Cl A * | 11,800 | 15,445 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 1,460 | 47,309 | ||||||
Tingyi Cayman Islands Holding | 12,000 | 14,630 | ||||||
Want Want China Holdings | 20,000 | 12,089 | ||||||
Wuliangye Yibin, Cl A | 2,800 | 55,173 | ||||||
660,582 | ||||||||
Energy — 4.3% | ||||||||
China Oilfield Services, Cl H | 14,000 | 14,307 | ||||||
China Petroleum & Chemical, Cl A | 40,800 | 31,973 | ||||||
China Petroleum & Chemical, Cl H | 84,500 | 44,260 | ||||||
China Shenhua Energy, Cl H | 10,000 | 34,257 | ||||||
PetroChina, Cl A | 19,600 | 19,433 | ||||||
PetroChina, Cl H | 59,984 | 39,638 | ||||||
Shaanxi Coal Industry, Cl A | 10,400 | 30,511 | ||||||
Shanxi Lu’an Environmental Energy Development, Cl A | 6,700 | 20,616 | ||||||
Yankuang Energy Group, Cl H | 21,000 | 39,910 | ||||||
274,905 | ||||||||
Financials — 21.2% | ||||||||
Agricultural Bank of China, Cl A | 76,600 | 39,157 | ||||||
Agricultural Bank of China, Cl H | 91,397 | 35,231 | ||||||
Bank of Beijing, Cl A | 24,600 | 15,650 | ||||||
Bank of China, Cl A | 30,400 | 17,034 | ||||||
Bank of China, Cl H | 210,396 | 80,294 | ||||||
Bank of Communications, Cl A | 38,200 | 30,793 | ||||||
Bank of Communications, Cl H | 37,000 | 23,076 | ||||||
Bank of Hangzhou, Cl A | 12,400 | 17,432 | ||||||
Bank of Jiangsu, Cl A | 19,400 | 18,227 | ||||||
Bank of Nanjing, Cl A | 12,300 | 12,748 | ||||||
Bank of Ningbo, Cl A | 6,300 | 17,792 | ||||||
Bank of Shanghai, Cl A | 16,304 | 13,669 | ||||||
China CITIC Bank, Cl H | 28,000 | 13,196 | ||||||
China Construction Bank, Cl A | 10,500 | 9,600 |
8
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Financials (continued) | ||||||||
China Construction Bank, Cl H | 196,000 | $ | 116,718 | |||||
China Everbright Bank, Cl A | 48,100 | 19,590 | ||||||
China Galaxy Securities, Cl H | 33,500 | 17,718 | ||||||
China Life Insurance, Cl H | 20,483 | 26,546 | ||||||
China Merchants Bank, Cl A | 15,600 | 60,949 | ||||||
China Merchants Bank, Cl H | 11,500 | 40,059 | ||||||
China Merchants Securities, Cl A | 8,300 | 15,899 | ||||||
China Minsheng Banking, Cl A | 44,600 | 23,426 | ||||||
China Minsheng Banking, Cl H | 26,000 | 8,824 | ||||||
China Pacific Insurance Group, Cl A | 6,300 | 21,039 | ||||||
China Pacific Insurance Group, Cl H | 9,400 | 18,972 | ||||||
CITIC Securities, Cl A | 13,845 | 39,607 | ||||||
CITIC Securities, Cl H | 7,000 | 14,289 | ||||||
East Money Information, Cl A | 13,700 | 27,013 | ||||||
Everbright Securities, Cl A | 9,000 | 19,490 | ||||||
GF Securities, Cl A | 8,800 | 17,660 | ||||||
Guosen Securities, Cl A | 9,500 | 11,394 | ||||||
Guotai Junan Securities, Cl A | 7,300 | 15,255 | ||||||
Haitong Securities, Cl A | 11,000 | 14,475 | ||||||
Huatai Securities, Cl A | 10,400 | 20,375 | ||||||
Huatai Securities, Cl H | 8,000 | 10,102 | ||||||
Huaxia Bank, Cl A | 16,200 | 12,786 | ||||||
Industrial & Commercial Bank of China, Cl A | 58,600 | 39,338 | ||||||
Industrial & Commercial Bank of China, Cl H | 135,441 | 66,259 | ||||||
Industrial Bank, Cl A | 17,500 | 39,839 | ||||||
Industrial Securities, Cl A | 24,169 | 19,924 | ||||||
New China Life Insurance, Cl A | 3,500 | 15,301 | ||||||
New China Life Insurance, Cl H | 4,800 | 9,356 | ||||||
Orient Securities, Cl A | 12,300 | 15,028 | ||||||
People’s Insurance Group of China, Cl H | 47,452 | 14,585 | ||||||
PICC Property & Casualty, Cl H | 25,510 | 30,317 | ||||||
Ping An Bank, Cl A | 17,391 | 22,934 | ||||||
Ping An Insurance Group of China, Cl A | 8,900 | 50,371 | ||||||
Ping An Insurance Group of China, Cl H | 16,500 | 74,697 | ||||||
Shanghai Pudong Development Bank, Cl A | 25,000 | 23,242 | ||||||
Shenwan Hongyuan Group, Cl A | 28,700 | 17,896 | ||||||
1,355,172 | ||||||||
Health Care — 5.6% | ||||||||
Beijing Tongrentang, Cl A | 1,844 | 13,907 | ||||||
Changchun High & New Technology Industry Group, Cl A | 1,200 | 24,571 | ||||||
China Medical System Holdings | 8,000 | 14,179 | ||||||
CSPC Pharmaceutical Group | 39,520 | 36,744 | ||||||
Genscript Biotech * | 12,000 | 30,520 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 2,800 | 11,246 |
9
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Health Care (continued) | ||||||||
Huadong Medicine, Cl A | 2,580 | $ | 15,022 | |||||
Jiangsu Hengrui Pharmaceuticals, Cl A | 4,916 | 31,226 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 3,400 | 11,952 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 6,600 | 15,507 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 1,000 | 40,811 | ||||||
Sinopharm Group, Cl H | 5,600 | 14,666 | ||||||
Wuxi Biologics Cayman * | 10,000 | 37,907 | ||||||
Yunnan Baiyao Group, Cl A | 1,840 | 12,701 | ||||||
Zai Lab * | 4,400 | 12,115 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 600 | 20,391 | ||||||
Zhejiang NHU, Cl A | 6,132 | 14,605 | ||||||
358,070 | ||||||||
Industrials — 6.6% | ||||||||
AECC Aviation Power, Cl A | 3,400 | 17,849 | ||||||
China Eastern Airlines, Cl A * | 21,400 | 11,661 | ||||||
China Energy Engineering, Cl A | 69,737 | 20,567 | ||||||
China Merchants Port Holdings | 15,998 | 21,800 | ||||||
China Railway Group, Cl H | 23,000 | 10,250 | ||||||
China Southern Airlines, Cl A * | 20,100 | 16,259 | ||||||
CITIC | 20,780 | 20,757 | ||||||
Contemporary Amperex Technology, Cl A | 3,100 | 71,076 | ||||||
COSCO SHIPPING Holdings, Cl A | 21,420 | 28,818 | ||||||
Daqin Railway, Cl A | 13,600 | 13,771 | ||||||
Fosun International | 15,000 | 8,817 | ||||||
Metallurgical Corp of China, Cl A | 35,600 | 15,299 | ||||||
Power Construction Corp of China, Cl A | 20,400 | 14,010 | ||||||
Sany Heavy Industry, Cl A | 11,800 | 22,819 | ||||||
SF Holding, Cl A | 3,900 | 22,127 | ||||||
Shanghai International Airport, Cl A * | 1,800 | 8,286 | ||||||
Shanghai International Port Group, Cl A | 15,000 | 10,322 | ||||||
Weichai Power, Cl A | 15,088 | 28,923 | ||||||
Zhejiang Chint Electrics, Cl A | 3,300 | 9,969 | ||||||
Zhuzhou CRRC Times Electric, Cl H | 2,700 | 7,711 | ||||||
Zoomlion Heavy Industry Science and Technology, Cl A | 14,100 | 12,931 | ||||||
ZTO Express Cayman ADR | 1,232 | 26,217 | ||||||
420,239 | ||||||||
Information Technology — 5.3% | ||||||||
BOE Technology Group, Cl A | 41,900 | 22,949 | ||||||
GDS Holdings, Cl A * | 8,300 | 9,630 | ||||||
Iflytek, Cl A | 2,800 | 18,238 | ||||||
Kingboard Holdings | 4,000 | 9,569 | ||||||
Kingdee International Software Group * | 14,000 | 20,403 | ||||||
Lenovo Group | 28,000 | 39,157 | ||||||
LONGi Green Energy Technology, Cl A | 8,429 | 27,107 |
10
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Luxshare Precision Industry, Cl A | 10,274 | $ | 49,707 | |||||
Sunny Optical Technology Group | 2,600 | 23,591 | ||||||
Unigroup Guoxin Microelectronics, Cl A * | 2,019 | 19,125 | ||||||
Xiaomi, Cl B * | 37,400 | 74,718 | ||||||
Yonyou Network Technology, Cl A | 4,625 | 11,555 | ||||||
ZTE, Cl H | 6,600 | 14,741 | ||||||
340,490 | ||||||||
Materials — 3.9% | ||||||||
Anhui Conch Cement, Cl A | 4,600 | 14,574 | ||||||
Anhui Conch Cement, Cl H | 6,000 | 13,862 | ||||||
Baoshan Iron & Steel, Cl A | 24,900 | 20,737 | ||||||
China National Building Material, Cl H | 16,000 | 6,844 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 9,200 | 24,988 | ||||||
CMOC Group, Cl H | 48,000 | 26,248 | ||||||
Ganfeng Lithium Group, Cl A | 2,720 | 16,349 | ||||||
Inner Mongolia BaoTou Steel Union, Cl A * | 56,000 | 11,482 | ||||||
Rongsheng Petrochemical, Cl A | 10,950 | 15,916 | ||||||
Shandong Hualu Hengsheng Chemical, Cl A | 4,740 | 18,366 | ||||||
Tianqi Lithium, Cl A | 2,040 | 15,983 | ||||||
Wanhua Chemical Group, Cl A | 2,500 | 26,971 | ||||||
Zhejiang Huayou Cobalt, Cl A | 2,104 | 9,730 | ||||||
Zijin Mining Group, Cl A | 17,000 | 29,748 | ||||||
251,798 | ||||||||
Real Estate — 3.1% | ||||||||
China Merchants Shekou Industrial Zone Holdings, Cl A | 8,000 | 10,707 | ||||||
China Overseas Land & Investment | 14,839 | 26,149 | ||||||
China Resources Land | 12,214 | 43,797 | ||||||
China Vanke, Cl A | 9,143 | 13,431 | ||||||
China Vanke, Cl H | 11,700 | 10,818 | ||||||
Country Garden Holdings * | 79,612 | 7,953 | ||||||
Gemdale, Cl A | 9,300 | 5,694 | ||||||
KE Holdings ADR | 1,875 | 30,394 | ||||||
Longfor Group Holdings | 8,500 | 13,607 | ||||||
Poly Developments and Holdings Group, Cl A | 11,100 | 15,433 | ||||||
Seazen Holdings, Cl A * | 5,600 | 8,973 | ||||||
Shenzhen Overseas Chinese Town, Cl A * | 24,000 | 10,482 | ||||||
197,438 | ||||||||
Utilities — 3.7% | ||||||||
China Gas Holdings | 13,200 | 13,034 | ||||||
China Longyuan Power Group, Cl H | 14,000 | 10,614 | ||||||
China Resources Gas Group | 6,700 | 21,965 | ||||||
China Resources Power Holdings | 12,000 | 24,035 | ||||||
China Yangtze Power, Cl A | 18,700 | 61,295 |
11
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities (continued) | ||||||||
ENN Energy Holdings | 2,482 | $ | 18,277 | |||||
Guangdong Investment | 14,000 | 10,184 | ||||||
Huadian Power International, Cl A | 44,400 | 32,050 | ||||||
Huaneng Power International, Cl H * | 39,077 | 20,718 | ||||||
Sichuan Chuantou Energy, Cl A | 11,800 | 25,056 | ||||||
237,228 | ||||||||
TOTAL CHINA | 6,350,407 | |||||||
HONG KONG — 0.3% | ||||||||
Health Care — 0.3% | ||||||||
Sino Biopharmaceutical | 39,500 | 17,553 | ||||||
TOTAL HONG KONG | 17,553 | |||||||
TOTAL COMMON STOCK (Cost $8,406,727) | 6,367,960 |
Number of Rights | |||||||
RIGHTS — 0.0% | |||||||
CHINA — 0.0% | |||||||
Health Care — 0.0% | |||||||
Kangmei Pharma ‡‡ * (A) | 446 | — | |||||
TOTAL CHINA | — | ||||||
TOTAL RIGHTS (Cost $–) | — | ||||||
TOTAL INVESTMENTS — 99.7% (Cost $8,406,727) | 6,367,960 | ||||||
OTHER ASSETS LESS LIABILITIES – 0.3% | 18,418 | ||||||
NET ASSETS - 100% | $ | 6,386,378 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. | |
‡‡ | Expiration date not available. | |
(A) | Level 3 security in accordance with fair value hierarchy. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-011-1200
12
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF
Shares | Value | |||||||
COMMON STOCK — 100.0% ‡ | ||||||||
CHINA — 44.1% | ||||||||
Energy — 2.4% | ||||||||
China Petroleum & Chemical, Cl H | 190,000 | $ | 99,519 | |||||
Financials — 4.1% | ||||||||
Bank of Changsha, Cl A | 9,300 | 8,908 | ||||||
Bank of Chengdu, Cl A | 8,800 | 13,916 | ||||||
Bank of Hangzhou, Cl A | 13,700 | 19,259 | ||||||
Bank of Jiangsu, Cl A | 41,355 | 38,854 | ||||||
Bank of Nanjing, Cl A | 23,891 | 24,761 | ||||||
Bank of Ningbo, Cl A | 14,846 | 41,928 | ||||||
Bank of Suzhou, Cl A | 7,400 | 6,714 | ||||||
Chongqing Rural Commercial Bank, Cl A | 20,200 | 11,574 | ||||||
165,914 | ||||||||
Industrials — 17.1% | ||||||||
Beijing New Building Materials, Cl A | 3,708 | 12,165 | ||||||
Beijing-Shanghai High Speed Railway, Cl A | 112,400 | 77,663 | ||||||
China Communications Services, Cl H | 20,000 | 8,299 | ||||||
China Energy Engineering, Cl A | 75,100 | 22,148 | ||||||
China First Heavy Industries, Cl A * | 13,200 | 5,339 | ||||||
China Railway Group, Cl H | 32,500 | 14,484 | ||||||
China State Construction Engineering, Cl A | 95,000 | 64,173 | ||||||
China XD Electric, Cl A | 11,800 | 8,170 | ||||||
CRRC, Cl H | 35,000 | 15,419 | ||||||
CSSC Science & Technology, Cl A | 3,500 | 9,113 | ||||||
Daqin Railway, Cl A | 35,332 | 35,776 | ||||||
Dongfang Electric, Cl A | 6,500 | 13,346 | ||||||
Goldwind Science & Technology, Cl A | 8,100 | 9,100 | ||||||
Gongniu Group, Cl A | 1,000 | 13,433 | ||||||
Gotion High-tech, Cl A * | 4,200 | 12,681 | ||||||
Jiangsu Expressway, Cl H | 10,000 | 8,990 | ||||||
Jiangsu Zhongtian Technology, Cl A | 7,500 | 13,155 | ||||||
Jiangxi Special Electric Motor, Cl A * | 4,000 | 7,584 | ||||||
Liaoning Port, Cl A | 43,400 | 8,838 | ||||||
Metallurgical Corp of China, Cl A | 41,300 | 17,748 | ||||||
Ming Yang Smart Energy Group, Cl A | 4,800 | 8,453 | ||||||
NARI Technology, Cl A | 18,252 | 57,212 | ||||||
Ningbo Deye Technology, Cl A | 1,000 | 11,783 | ||||||
Ningbo Orient Wires & Cables, Cl A | 1,600 | 9,606 | ||||||
Ningbo Ronbay New Energy Technology, Cl A | 961 | 5,371 | ||||||
North Industries Group Red Arrow, Cl A | 2,800 | 5,521 | ||||||
Power Construction Corp of China, Cl A | 40,000 | 27,470 | ||||||
Range Intelligent Computing Technology Group, Cl A | 3,400 | 12,114 | ||||||
Shanghai Construction Group, Cl A | 20,300 | 6,671 | ||||||
Shanghai Electric Group, Cl A * | 29,500 | 17,276 |
13
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Industrials (continued) | ||||||||
Shanghai International Port Group, Cl A | 16,010 | $ | 11,017 | |||||
Shenzhen Inovance Technology, Cl A | 3,050 | 27,045 | ||||||
Sichuan Road & Bridge, Cl A | 16,800 | 17,672 | ||||||
Sieyuan Electric, Cl A | 1,600 | 11,693 | ||||||
TBEA, Cl A | 11,867 | 22,999 | ||||||
Titan Wind Energy Suzhou, Cl A * | 3,800 | 6,190 | ||||||
Xiangtan Electric Manufacturing, Cl A * | 2,800 | 6,244 | ||||||
Yangzijiang Shipbuilding Holdings | 19,500 | 22,026 | ||||||
Zhejiang Expressway, Cl H | 12,000 | 8,007 | ||||||
Zhejiang Weixing New Building Materials, Cl A | 3,700 | 7,519 | ||||||
Zhuzhou CRRC Times Electric, Cl H | 3,800 | 10,852 | ||||||
Zhuzhou Kibing Group, Cl A | 6,300 | 6,052 | ||||||
696,417 | ||||||||
Materials — 3.8% | ||||||||
Anhui Conch Cement, Cl H | 9,500 | 21,948 | ||||||
Beijing Oriental Yuhong Waterproof Technology, Cl A | 3,000 | 8,089 | ||||||
China National Building Material, Cl H | 31,000 | 13,260 | ||||||
China Northern Rare Earth Group High-Tech, Cl A | 8,524 | 23,152 | ||||||
China Rare Earth Resources And Technology, Cl A | 2,300 | 8,938 | ||||||
Henan Shenhuo Coal & Power, Cl A | 5,300 | 12,504 | ||||||
Jinduicheng Molybdenum, Cl A | 7,500 | 9,953 | ||||||
Sinomine Resource Group, Cl A | 1,600 | 8,384 | ||||||
Western Mining, Cl A | 5,500 | 11,022 | ||||||
Xiamen Tungsten, Cl A | 3,300 | 7,962 | ||||||
Yintai Gold, Cl A | 6,300 | 13,271 | ||||||
Yunnan Chihong Zinc & Germanium, Cl A | 11,900 | 8,440 | ||||||
Yunnan Tin, Cl A | 3,800 | 7,642 | ||||||
154,565 | ||||||||
Utilities — 16.7% | ||||||||
Beijing Enterprises Holdings | 4,000 | 13,908 | ||||||
CECEP Solar Energy, Cl A | 9,100 | 7,131 | ||||||
CECEP Wind-Power, Cl A | 11,800 | 4,972 | ||||||
CGN Power, Cl H | 82,000 | 21,423 | ||||||
China Gas Holdings | 20,800 | 20,537 | ||||||
China Longyuan Power Group, Cl H | 26,000 | 19,712 | ||||||
China National Nuclear Power, Cl A | 42,800 | 45,080 | ||||||
China Power International Development | 38,000 | 13,967 | ||||||
China Resources Gas Group | 7,100 | 23,277 | ||||||
China Resources Power Holdings | 14,635 | 29,313 | ||||||
China Three Gorges Renewables Group, Cl A | 66,100 | 40,566 | ||||||
China Yangtze Power, Cl A | 55,800 | 182,902 | ||||||
Datang International Power Generation, Cl A | 23,900 | 8,123 | ||||||
ENN Energy Holdings | 6,000 | 44,182 | ||||||
ENN Natural Gas, Cl A | 5,900 | 13,937 |
14
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities (continued) | ||||||||
GD Power Development, Cl A | 40,500 | $ | 23,661 | |||||
Huadian Power International, Cl A | 19,542 | 14,106 | ||||||
Huaneng Power International, Cl H * | 33,000 | 17,496 | ||||||
Kunlun Energy | 30,000 | 27,047 | ||||||
SDIC Power Holdings, Cl A | 16,906 | 31,292 | ||||||
Shanghai Electric Power, Cl A | 6,600 | 7,841 | ||||||
Shenergy, Cl A | 11,219 | 10,116 | ||||||
Shenzhen Energy Group, Cl A | 11,100 | 10,055 | ||||||
Sichuan Chuantou Energy, Cl A | 10,284 | 21,837 | ||||||
Wintime Energy Group, Cl A * | 51,200 | 9,851 | ||||||
Zhejiang Zheneng Electric Power, Cl A * | 25,700 | 16,639 | ||||||
678,971 | ||||||||
TOTAL CHINA | 1,795,386 | |||||||
INDIA — 4.9% | ||||||||
Energy — 0.5% | ||||||||
Great Eastern Shipping | 1,863 | 21,869 | ||||||
Industrials — 1.2% | ||||||||
AIA Engineering | 791 | 35,071 | ||||||
GMM Pfaudler | 629 | 12,184 | ||||||
47,255 | ||||||||
Materials — 3.2% | ||||||||
Carborundum Universal | 2,125 | 28,432 | ||||||
Navin Fluorine International | 601 | 27,829 | ||||||
PI Industries | 1,555 | 65,701 | ||||||
Vinati Organics | 479 | 10,036 | ||||||
131,998 | ||||||||
TOTAL INDIA | 201,122 | |||||||
INDONESIA — 3.8% | ||||||||
Energy — 2.1% | ||||||||
Adaro Energy Indonesia | 266,100 | 41,132 | ||||||
Indo Tambangraya Megah | 7,400 | 12,328 | ||||||
Medco Energi Internasional | 116,000 | 8,702 | ||||||
Petrindo Jaya Kreasi * (A) | 29,800 | 25,983 | ||||||
88,145 | ||||||||
Materials — 1.7% | ||||||||
Indah Kiat Pulp & Paper | 45,600 | 24,656 | ||||||
Merdeka Copper Gold * | 182,000 | 31,915 | ||||||
Pabrik Kertas Tjiwi Kimia | 25,900 | 12,280 | ||||||
68,851 | ||||||||
TOTAL INDONESIA | 156,996 |
15
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
ISRAEL — 4.9% | ||||||||
Industrials — 2.6% | ||||||||
Elbit Systems | 501 | $ | 106,853 | |||||
Materials — 2.3% | ||||||||
ICL Group | 14,738 | 74,941 | ||||||
Israel * | 65 | 16,605 | ||||||
91,546 | ||||||||
TOTAL ISRAEL | 198,399 | |||||||
KAZAKHSTAN — 1.2% | ||||||||
Energy — 1.2% | ||||||||
NAC Kazatomprom JSC GDR | 1,209 | 49,448 | ||||||
TOTAL KAZAKHSTAN | 49,448 | |||||||
KUWAIT — 9.1% | ||||||||
Financials — 9.1% | ||||||||
Kuwait Finance House | 156,280 | 369,273 | ||||||
TOTAL KUWAIT | 369,273 | |||||||
MALAYSIA — 2.9% | ||||||||
Industrials — 0.9% | ||||||||
Pentamaster | 9,400 | 9,410 | ||||||
Sime Darby | 51,100 | 26,134 | ||||||
35,544 | ||||||||
Materials — 2.0% | ||||||||
Petronas Chemicals Group | 52,300 | 81,495 | ||||||
TOTAL MALAYSIA | 117,039 | |||||||
PHILIPPINES — 4.9% | ||||||||
Industrials — 4.9% | ||||||||
Aboitiz Equity Ventures | 31,040 | 25,000 | ||||||
Ayala | 4,770 | 58,661 | ||||||
International Container Terminal Services | 18,250 | 81,338 | ||||||
JG Summit | 49,442 | 34,063 | ||||||
TOTAL PHILIPPINES | 199,062 | |||||||
POLAND — 2.0% | ||||||||
Materials — 2.0% | ||||||||
KGHM Polska Miedz | 2,578 | 80,443 | ||||||
TOTAL POLAND | 80,443 | |||||||
RUSSIA — 0.0% | ||||||||
Energy — 0.0% | ||||||||
Rosneft Oil PJSC (A) | 33,666 | — |
16
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Energy (continued) | ||||||||
Sovcomflot PJSC (A) | 9,110 | $ | — | |||||
Surgutneftegas PJSC (A) | 143,400 | — | ||||||
— | ||||||||
Materials — 0.0% | ||||||||
MMC Norilsk Nickel PJSC (A) | 1,239 | — | ||||||
Polymetal International * (A) | 7,154 | — | ||||||
Segezha Group PJSC * (A) | 78,500 | — | ||||||
— | ||||||||
TOTAL RUSSIA | — | |||||||
SINGAPORE — 9.8% | ||||||||
Financials — 6.1% | ||||||||
Oversea-Chinese Banking | 25,312 | 249,455 | ||||||
Industrials — 3.7% | ||||||||
Keppel | 11,100 | 59,493 | ||||||
Singapore Airlines | 11,300 | 56,196 | ||||||
Singapore Technologies Engineering | 11,900 | 35,093 | ||||||
150,782 | ||||||||
TOTAL SINGAPORE | 400,237 | |||||||
SOUTH AFRICA — 3.0% | ||||||||
Materials — 3.0% | ||||||||
Impala Platinum Holdings | 16,831 | 84,001 | ||||||
Kumba Iron Ore | 1,199 | 40,307 | ||||||
TOTAL SOUTH AFRICA | 124,308 | |||||||
THAILAND — 6.0% | ||||||||
Energy — 5.3% | ||||||||
PTT | 206,200 | 215,972 | ||||||
Materials — 0.7% | ||||||||
Indorama Ventures | 34,400 | 27,463 | ||||||
TOTAL THAILAND | 243,435 | |||||||
TURKEY — 2.5% | ||||||||
Industrials — 2.2% | ||||||||
Otokar Otomotiv Ve Savunma Sanayi A.S. * | 785 | 11,310 | ||||||
Turk Hava Yollari AO * | 10,307 | 79,778 | ||||||
91,088 | ||||||||
Materials — 0.3% | ||||||||
Nuh Cimento Sanayi | 1,122 | 11,739 | ||||||
TOTAL TURKEY | 102,827 |
17
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI One Belt One Road Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
UNITED ARAB EMIRATES — 0.9% | ||||||||
Industrials — 0.9% | ||||||||
Air Arabia PJSC | 48,641 | $ | 37,347 | |||||
TOTAL UNITED ARAB EMIRATES | 37,347 | |||||||
TOTAL COMMON STOCK | 4,075,322 | |||||||
PREFERRED STOCK — 0.0% | ||||||||
RUSSIA— 0.0% | ||||||||
Energy — 0.0% | ||||||||
Surgutneftegas PJSC (A) (B) | 136,600 | — | ||||||
TOTAL PREFERRED STOCK | — | |||||||
TOTAL INVESTMENTS — 100.0% | 4,075,322 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.0% | (676 | ) | ||||||
NET ASSETS - 100% | $ | 4,074,646 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. | |
(A) | Level 3 security in accordance with fair value hierarchy. | |
(B) | Currently, no stated interest rate. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-006-1300
18
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Emerging Markets Consumer Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — 97.7% ‡ | ||||||||
AUSTRALIA — 0.7% | ||||||||
Consumer Discretionary — 0.7% | ||||||||
IDP Education | 4,967 | $ | 67,886 | |||||
TOTAL AUSTRALIA | 67,886 | |||||||
BRAZIL — 4.4% | ||||||||
Consumer Discretionary — 2.9% | ||||||||
Americanas * | 337,800 | 63,282 | ||||||
MercadoLibre * | 141 | 221,587 | ||||||
284,869 | ||||||||
Financials — 0.8% | ||||||||
Pagseguro Digital, Cl A * | 5,998 | 74,795 | ||||||
Information Technology — 0.7% | ||||||||
TOTVS | 9,500 | 65,888 | ||||||
TOTAL BRAZIL | 425,552 | |||||||
CHINA — 42.9% | ||||||||
Communication Services — 13.1% | ||||||||
Baidu, Cl A * | 16,364 | 243,305 | ||||||
Bilibili, Cl Z * | 18,800 | 225,353 | ||||||
Kuaishou Technology, Cl B * | 33,000 | 223,774 | ||||||
NetEase | 14,900 | 268,288 | ||||||
Tencent Holdings | 8,175 | 307,378 | ||||||
1,268,098 | ||||||||
Consumer Discretionary — 18.1% | ||||||||
Alibaba Group Holding | 36,200 | 350,477 | ||||||
JD.com, Cl A | 25,675 | 369,907 | ||||||
Meituan, Cl B * | 30,498 | 319,873 | ||||||
PDD Holdings ADR * | 2,161 | 316,176 | ||||||
Tongcheng Travel Holdings * | 38,800 | 71,751 | ||||||
Trip.com Group * | 6,800 | 241,745 | ||||||
Vipshop Holdings ADR * | 4,015 | 71,307 | ||||||
1,741,236 | ||||||||
Consumer Staples — 5.7% | ||||||||
Alibaba Health Information Technology * | 428,000 | 232,402 | ||||||
JD Health International * | 49,550 | 248,113 | ||||||
Ping An Healthcare and Technology * | 29,700 | 67,551 | ||||||
548,066 | ||||||||
Information Technology — 6.0% | ||||||||
GDS Holdings, Cl A * | 225,300 | 261,408 | ||||||
Hua Hong Semiconductor * | 32,000 | 77,372 |
19
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Emerging Markets Consumer Technology Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Kingdee International Software Group * | 167,000 | $ | 243,382 | |||||
582,162 | ||||||||
TOTAL CHINA | 4,139,562 | |||||||
GREECE — 0.8% | ||||||||
Consumer Discretionary — 0.8% | ||||||||
OPAP | 4,491 | 76,251 | ||||||
TOTAL GREECE | 76,251 | |||||||
HONG KONG — 0.7% | ||||||||
Communication Services — 0.7% | ||||||||
Alibaba Pictures Group * | 1,110,000 | 68,233 | ||||||
TOTAL HONG KONG | 68,233 | |||||||
INDIA — 3.2% | ||||||||
Consumer Discretionary — 2.4% | ||||||||
Zomato * | 159,114 | 236,528 | ||||||
Financials — 0.8% | ||||||||
One 97 Communications * | 9,547 | 72,905 | ||||||
TOTAL INDIA | 309,433 | |||||||
JAPAN — 2.1% | ||||||||
Communication Services — 2.1% | ||||||||
Nexon | 11,100 | 202,308 | ||||||
TOTAL JAPAN | 202,308 | |||||||
RUSSIA — 0.0% | ||||||||
Communication Services — 0.0% | ||||||||
HeadHunter Group PLC ADR * (A) | 11,746 | — | ||||||
Ozon Holdings PLC ADR * (A) | 58,005 | — | ||||||
VK GDR * (A) | 49,503 | — | ||||||
Yandex, Cl A * (A) | 31,479 | — | ||||||
TOTAL RUSSIA | — | |||||||
SINGAPORE — 3.5% | ||||||||
Communication Services — 3.5% | ||||||||
Sea ADR * | 8,448 | 342,144 | ||||||
TOTAL SINGAPORE | 342,144 | |||||||
SOUTH AFRICA — 3.2% | ||||||||
Consumer Discretionary — 3.2% | ||||||||
Naspers, Cl N | 1,780 | 304,461 | ||||||
TOTAL SOUTH AFRICA | 304,461 |
20
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Emerging Markets Consumer Technology Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
SOUTH KOREA — 20.6% | ||||||||
Communication Services — 14.6% | ||||||||
Kakao | 5,987 | $ | 252,422 | |||||
Kakao Games * | 3,685 | 73,963 | ||||||
Krafton * | 1,430 | 214,961 | ||||||
NAVER * | 1,403 | 244,019 | ||||||
NCSoft | 1,348 | 251,723 | ||||||
Netmarble * | 5,386 | 242,974 | ||||||
Pearl Abyss * | 2,374 | 71,428 | ||||||
Wemade | 1,302 | 61,567 | ||||||
1,413,057 | ||||||||
Consumer Discretionary — 2.3% | ||||||||
Coupang, Cl A * | 13,779 | 223,082 | ||||||
Information Technology — 3.7% | ||||||||
SK Hynix | 3,216 | 353,338 | ||||||
TOTAL SOUTH KOREA | 1,989,477 | |||||||
TAIWAN — 14.9% | ||||||||
Consumer Discretionary — 0.7% | ||||||||
momo.com | 4,300 | 71,315 | ||||||
Information Technology — 14.2% | ||||||||
Nanya Technology | 99,000 | 251,609 | ||||||
Powerchip Semiconductor Manufacturing | 73,000 | 70,049 | ||||||
Taiwan Semiconductor Manufacturing | 18,000 | 347,795 | ||||||
United Microelectronics | 144,000 | 246,799 | ||||||
Vanguard International Semiconductor | 91,000 | 241,655 | ||||||
VisEra Technologies | 8,000 | 72,074 | ||||||
Win Semiconductors | 13,000 | 67,350 | ||||||
WPG Holdings | 26,000 | 69,129 | ||||||
1,366,460 | ||||||||
TOTAL TAIWAN | 1,437,775 | |||||||
URUGUAY — 0.7% | ||||||||
Financials — 0.7% | ||||||||
Dlocal, Cl A * | 3,765 | 66,603 | ||||||
TOTAL URUGUAY | 66,603 | |||||||
TOTAL COMMON STOCK (Cost $16,838,871) | 9,429,685 | |||||||
TOTAL INVESTMENTS — 97.7% (Cost $16,838,871) | 9,429,685 | |||||||
OTHER ASSETS LESS LIABILITIES – 2.3% | 220,435 | |||||||
NET ASSETS - 100% | $ | 9,650,120 |
21
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Emerging Markets Consumer Technology Index ETF (concluded)
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. | |
(A) | Level 3 security in accordance with fair value hierarchy. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-007-1300
22
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI China Clean Technology Index ETF
Shares | Value | |||||||
COMMON STOCK — 100.0% ‡ | ||||||||
CHINA — 97.4% | ||||||||
Consumer Discretionary — 44.0% | ||||||||
BYD, Cl A | 19,600 | $ | 545,010 | |||||
BYD, Cl H | 187,000 | 5,134,474 | ||||||
Li Auto, Cl A * | 314,800 | 5,930,305 | ||||||
NIO ADR * | 834,679 | 7,570,539 | ||||||
Seres Group, Cl A * | 120,500 | 1,289,512 | ||||||
Tianneng Power International | 894,000 | 754,488 | ||||||
XPeng, Cl A * | 738,600 | 5,363,175 | ||||||
Yadea Group Holdings | 1,638,694 | 2,879,265 | ||||||
29,466,768 | ||||||||
Industrials — 22.4% | ||||||||
Beijing Easpring Material Technology, Cl A | 40,400 | 216,735 | ||||||
Beijing-Shanghai High Speed Railway, Cl A | 3,924,900 | 2,711,921 | ||||||
China Conch Environment Protection Holdings * | 1,581,500 | 315,954 | ||||||
China Conch Venture Holdings | 1,926,500 | 1,598,724 | ||||||
China Everbright Environment Group | 4,889,216 | 1,590,386 | ||||||
Contemporary Amperex Technology, Cl A | 129,350 | 2,965,717 | ||||||
Dynagreen Environmental Protection Group, Cl H | 511,000 | 153,787 | ||||||
Farasis Energy Gan Zhou, Cl A * | 97,373 | 223,036 | ||||||
Ginlong Technologies, Cl A | 31,950 | 313,640 | ||||||
Goldwind Science & Technology, Cl A | 275,835 | 309,901 | ||||||
GoodWe Technologies, Cl A | 13,818 | 253,407 | ||||||
Gotion High-tech, Cl A * | 142,100 | 429,058 | ||||||
Hoymiles Power Electronics, Cl A | 6,669 | 252,876 | ||||||
Ming Yang Smart Energy Group, Cl A | 181,500 | 319,637 | ||||||
Ningbo Deye Technology, Cl A | 34,280 | 403,911 | ||||||
Pylon Technologies, Cl A | 14,037 | 208,960 | ||||||
Shuangliang Eco-Energy Systems, Cl A | 149,500 | 177,621 | ||||||
Sungrow Power Supply, Cl A | 118,700 | 1,460,120 | ||||||
Titan Wind Energy Suzhou, Cl A * | 139,209 | 226,782 | ||||||
Zhejiang Chint Electrics, Cl A | 171,700 | 518,674 | ||||||
Zhejiang Weiming Environment Protection, Cl A | 136,200 | 306,041 | ||||||
14,956,888 | ||||||||
Information Technology — 19.8% | ||||||||
China Railway Signal & Communication, Cl A | 574,215 | 353,209 | ||||||
Flat Glass Group, Cl A | 126,600 | 474,710 | ||||||
Flat Glass Group, Cl H | 572,000 | 965,475 | ||||||
Hengdian Group DMEGC Magnetics, Cl A | 130,000 | 247,198 | ||||||
JA Solar Technology, Cl A | 264,668 | 770,148 | ||||||
Kingdee International Software Group * | 2,089,000 | 3,044,460 | ||||||
Kingsoft Cloud Holdings ADR * | 152,069 | 574,821 | ||||||
LONGi Green Energy Technology, Cl A | 605,946 | 1,948,736 | ||||||
Risen Energy, Cl A | 91,100 | 225,812 |
23
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI China Clean Technology Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Sanan Optoelectronics, Cl A | 398,700 | $ | 775,496 | |||||
Shanghai Aiko Solar Energy, Cl A | 146,120 | 361,986 | ||||||
Tuya ADR * | 302,953 | 696,792 | ||||||
Xinyi Solar Holdings | 4,831,588 | 2,821,528 | ||||||
13,260,371 | ||||||||
Materials — 0.3% | ||||||||
Shenzhen Dynanonic, Cl A | 22,140 | 189,760 | ||||||
Real Estate — 0.9% | ||||||||
Guangzhou R&F Properties, Cl H * | 2,249,600 | 328,428 | ||||||
SOHO China * | 2,808,000 | 269,704 | ||||||
598,132 | ||||||||
Utilities — 10.0% | ||||||||
Beijing Enterprises Water Group | 5,352,500 | 1,192,712 | ||||||
CECEP Solar Energy, Cl A | 312,400 | 244,810 | ||||||
CECEP Wind-Power, Cl A | 517,500 | 218,029 | ||||||
China Datang Renewable Power, Cl H | 3,165,000 | 729,585 | ||||||
China Longyuan Power Group, Cl H | 3,803,800 | 2,883,825 | ||||||
China Three Gorges Renewables Group, Cl A | 2,287,700 | 1,403,990 | ||||||
6,672,951 | ||||||||
TOTAL CHINA | 65,144,870 | |||||||
HONG KONG — 2.6% | ||||||||
Industrials — 0.2% | ||||||||
China High Speed Transmission Equipment Group * | 653,000 | 136,311 | ||||||
Real Estate — 0.8% | ||||||||
Yuexiu Real Estate Investment Trust † | 3,259,000 | 525,877 | ||||||
Utilities — 1.6% | ||||||||
Canvest Environmental Protection Group | 649,000 | 310,015 | ||||||
Concord New Energy Group | 9,250,000 | 758,144 | ||||||
1,068,159 | ||||||||
TOTAL HONG KONG | 1,730,347 | |||||||
TOTAL COMMON STOCK (Cost $86,600,771) | 66,875,217 | |||||||
TOTAL INVESTMENTS — 100.0% (Cost $86,600,771) | 66,875,217 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.0% | 29,370 | |||||||
NET ASSETS - 100% | $ | 66,904,587 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. |
24
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI China Clean Technology Index ETF (concluded)
† | Real Estate Investment Trust |
See “Glossary” for abbreviations.
KRS-QH-008-1300
25
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Electric Vehicles and Future Mobility Index ETF
Shares | Value | |||||||
COMMON STOCK — 91.4% ‡ | ||||||||
AUSTRALIA — 8.6% | ||||||||
Materials — 8.6% | ||||||||
Arcadium Lithium * | 302,047 | $ | 2,310,406 | |||||
IGO | 386,593 | 2,387,321 | ||||||
Lynas Rare Earths * | 478,264 | 2,336,625 | ||||||
Mineral Resources | 30,695 | 1,466,135 | ||||||
Pilbara Minerals (A) | 1,402,445 | 3,779,995 | ||||||
TOTAL AUSTRALIA | 12,280,482 | |||||||
BELGIUM — 2.0% | ||||||||
Materials — 2.0% | ||||||||
Umicore | 103,650 | 2,850,988 | ||||||
TOTAL BELGIUM | 2,850,988 | |||||||
CANADA — 2.9% | ||||||||
Industrials — 2.5% | ||||||||
Magna International | 59,909 | 3,557,011 | ||||||
Materials — 0.4% | ||||||||
Lithium Americas * (A) | 81,045 | 522,435 | ||||||
TOTAL CANADA | 4,079,446 | |||||||
CHINA — 31.5% | ||||||||
Consumer Discretionary — 17.8% | ||||||||
BAIC BluePark New Energy Technology, Cl A * | 803,900 | 692,063 | ||||||
BYD, Cl A | 162,200 | 4,510,238 | ||||||
Geely Automobile Holdings | 2,698,000 | 2,968,005 | ||||||
Guangzhou Automobile Group, Cl H | 1,436,000 | 667,561 | ||||||
Li Auto, Cl A * | 253,900 | 4,783,051 | ||||||
NIO ADR * (A) | 434,280 | 3,938,920 | ||||||
Seres Group, Cl A * | 215,300 | 2,304,000 | ||||||
Shenzhen Kedali Industry, Cl A | 38,736 | 459,462 | ||||||
XPeng, Cl A * (A) | 367,200 | 2,666,339 | ||||||
Yadea Group Holdings | 570,000 | 1,001,517 | ||||||
Zhejiang Leapmotor Technology * (A) | 305,500 | 1,396,719 | ||||||
25,387,875 | ||||||||
Industrials — 6.6% | ||||||||
Beijing Easpring Material Technology, Cl A | 73,800 | 395,916 | ||||||
China Baoan Group, Cl A | 374,407 | 617,299 | ||||||
Contemporary Amperex Technology, Cl A | 211,220 | 4,842,824 | ||||||
Eve Energy, Cl A | 296,860 | 1,759,331 | ||||||
Gotion High-tech, Cl A * | 257,989 | 778,974 | ||||||
Guangzhou Great Power Energy & Technology, Cl A | 72,800 | 289,233 | ||||||
Hunan Yuneng New Energy Battery Material, Cl A | 69,034 | 329,144 |
26
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Electric Vehicles and Future Mobility Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Industrials (continued) | ||||||||
Qingdao TGOOD Electric, Cl A | 152,400 | $ | 430,194 | |||||
9,442,915 | ||||||||
Materials — 7.1% | ||||||||
Chengxin Lithium Group, Cl A | 133,300 | 425,887 | ||||||
CMOC Group, Cl A | 2,575,200 | 1,880,606 | ||||||
CNGR Advanced Material, Cl A | 97,050 | 669,616 | ||||||
Ganfeng Lithium Group, Cl A | 235,158 | 1,413,470 | ||||||
GEM, Cl A | 746,340 | 572,285 | ||||||
Guangzhou Tinci Materials Technology, Cl A | 279,494 | 984,427 | ||||||
Ningbo Shanshan, Cl A | 328,000 | 627,385 | ||||||
Shanghai Putailai New Energy Technology, Cl A | 293,300 | 862,114 | ||||||
Shenzhen Senior Technology Material, Cl A | 186,900 | 404,741 | ||||||
Tianqi Lithium, Cl H (A) | 52,200 | 288,457 | ||||||
Xiamen Tungsten, Cl A | 205,351 | 495,454 | ||||||
Youngy, Cl A | 37,400 | 284,731 | ||||||
Zhejiang Huayou Cobalt, Cl A | 248,863 | 1,150,895 | ||||||
10,060,068 | ||||||||
TOTAL CHINA | 44,890,858 | |||||||
GERMANY — 3.5% | ||||||||
Consumer Discretionary — 2.5% | ||||||||
Mercedes-Benz Group | 20,543 | 1,419,443 | ||||||
Vitesco Technologies Group * | 8,709 | 752,318 | ||||||
Volkswagen | 10,153 | 1,328,483 | ||||||
3,500,244 | ||||||||
Information Technology — 1.0% | ||||||||
Infineon Technologies | 35,392 | 1,477,827 | ||||||
TOTAL GERMANY | 4,978,071 | |||||||
JAPAN — 7.2% | ||||||||
Consumer Discretionary — 3.4% | ||||||||
Panasonic Holdings | 483,800 | 4,792,359 | ||||||
Industrials — 3.8% | ||||||||
Nidec | 134,200 | 5,421,116 | ||||||
TOTAL JAPAN | 10,213,475 | |||||||
NETHERLANDS — 0.5% | ||||||||
Industrials — 0.5% | ||||||||
Alfen Beheer BV * (A) | 11,200 | 745,792 | ||||||
TOTAL NETHERLANDS | 745,792 |
27
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Electric Vehicles and Future Mobility Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
SOUTH KOREA — 13.7% | ||||||||
Industrials — 9.4% | ||||||||
Ecopro | 18,517 | $ | 4,140,769 | |||||
L&F | 13,177 | 2,087,202 | ||||||
LG Energy Solution * | 9,942 | 3,300,105 | ||||||
POSCO Future M | 13,947 | 3,887,703 | ||||||
13,415,779 | ||||||||
Information Technology — 3.9% | ||||||||
Samsung SDI * | 14,982 | 5,490,725 | ||||||
Materials — 0.4% | ||||||||
SK IE Technology * | 10,286 | 630,146 | ||||||
TOTAL SOUTH KOREA | 19,536,650 | |||||||
SWEDEN — 0.5% | ||||||||
Consumer Discretionary — 0.5% | ||||||||
Volvo Car, Cl B * | 247,315 | 799,037 | ||||||
TOTAL SWEDEN | 799,037 | |||||||
UNITED STATES — 21.0% | ||||||||
Consumer Discretionary — 13.6% | ||||||||
Aptiv * | 63,617 | 5,707,717 | ||||||
Fisker * (A) | 106,810 | 186,918 | ||||||
Ford Motor | 126,495 | 1,541,974 | ||||||
Lucid Group * (A) | 421,367 | 1,773,955 | ||||||
Rivian Automotive, Cl A * | 203,250 | 4,768,245 | ||||||
Tesla * | 22,167 | 5,508,056 | ||||||
19,486,865 | ||||||||
Industrials — 1.5% | ||||||||
ChargePoint Holdings * (A) | 168,870 | 395,156 | ||||||
Nikola * | 389,083 | 340,370 | ||||||
Plug Power * (A) | 305,976 | 1,376,892 | ||||||
2,112,418 | ||||||||
Information Technology — 1.1% | ||||||||
SolarEdge Technologies * | 16,512 | 1,545,523 | ||||||
Materials — 4.8% | ||||||||
Albemarle | 25,636 | 3,703,889 | ||||||
Livent * | 91,921 | 1,652,739 |
28
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Electric Vehicles and Future Mobility Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Materials (continued) | ||||||||
MP Materials * | 73,582 | $ | 1,460,603 | |||||
6,817,231 | ||||||||
TOTAL UNITED STATES | 29,962,037 | |||||||
TOTAL COMMON STOCK (Cost $176,269,685) | 130,336,836 | |||||||
PREFERRED STOCK — 4.8% | ||||||||
CHILE— 2.7% | ||||||||
Industrials — 2.7% | ||||||||
Sociedad Quimica y Minera de Chile (B) | 62,976 | 3,796,797 | ||||||
GERMANY— 2.1% | ||||||||
Consumer Discretionary — 2.1% | ||||||||
Dr Ing hc F Porsche (B) | 33,824 | 2,985,372 | ||||||
TOTAL PREFERRED STOCK (Cost $8,423,308) | 6,782,169 | |||||||
SHORT-TERM INVESTMENT — 11.4% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 5.230% (C) (D) | 16,256,613 | 16,256,613 | ||||||
TOTAL SHORT-TERM INVESTMENT (Cost $16,256,613) | 16,256,613 | |||||||
TOTAL INVESTMENTS — 107.6% (Cost $200,949,606) | 153,375,618 | |||||||
OTHER ASSETS LESS LIABILITIES – (7.6)% | (10,831,545 | ) | ||||||
NET ASSETS - 100% | $ | 142,544,073 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Certain securities or partial positions of certain securities are on loan at December 31, 2023. | |
(B) | Currently, no stated interest rate. | |
(C) | The rate shown is the 7-day effective yield as of December 31, 2023. | |
(D) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of December 31, 2023 was $16,256,613. |
See “Glossary” for abbreviations.
KRS-QH-009-1200
29
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Health Care Index ETF
Shares | Value | |||||||
COMMON STOCK — 97.0% ‡ | ||||||||
CHINA — 93.0% | ||||||||
Health Care — 93.0% | ||||||||
3SBio | 493,500 | $ | 475,264 | |||||
Aier Eye Hospital Group, Cl A | 719,014 | 1,597,450 | ||||||
Akeso * | 135,000 | 802,198 | ||||||
Apeloa Pharmaceutical, Cl A | 92,992 | 200,987 | ||||||
Asymchem Laboratories Tianjin, Cl A | 27,124 | 442,255 | ||||||
Autobio Diagnostics, Cl A | 45,630 | 365,330 | ||||||
BeiGene * | 183,218 | 2,583,361 | ||||||
Beijing Tiantan Biological Products, Cl A | 125,942 | 547,234 | ||||||
Beijing Tongrentang, Cl A | 107,290 | 809,127 | ||||||
Beijing Wantai Biological Pharmacy Enterprise, Cl A | 65,022 | 686,052 | ||||||
Betta Pharmaceuticals, Cl A | 33,263 | 240,809 | ||||||
BGI Genomics, Cl A | 32,827 | 221,287 | ||||||
Bloomage Biotechnology, Cl A | 38,362 | 360,583 | ||||||
Changchun High & New Technology Industry Group, Cl A | 31,508 | 645,152 | ||||||
China Medical System Holdings | 357,000 | 632,753 | ||||||
China Meheco, Cl A | 117,400 | 184,164 | ||||||
China National Medicines, Cl A | 59,155 | 237,763 | ||||||
China Resources Pharmaceutical Group | 415,500 | 272,972 | ||||||
China Resources Sanjiu Medical & Pharmaceutical, Cl A | 74,690 | 521,632 | ||||||
China Traditional Chinese Medicine Holdings | 798,000 | 401,629 | ||||||
Chongqing Taiji Industry Group, Cl A * | 43,000 | 280,563 | ||||||
Chongqing Zhifei Biological Products, Cl A | 185,672 | 1,593,463 | ||||||
CSPC Innovation Pharmaceutical, Cl A | 92,400 | 475,197 | ||||||
CSPC Pharmaceutical Group | 2,346,889 | 2,182,020 | ||||||
Dong-E-E-Jiao, Cl A | 50,140 | 347,289 | ||||||
Genscript Biotech * | 310,000 | 788,443 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl A | 110,240 | 442,781 | ||||||
Guangzhou Kingmed Diagnostics Group, Cl A | 36,799 | 323,359 | ||||||
Hangzhou Tigermed Consulting, Cl A | 29,650 | 228,894 | ||||||
Hansoh Pharmaceutical Group | 322,000 | 649,893 | ||||||
Huadong Medicine, Cl A | 135,841 | 790,940 | ||||||
Hualan Biological Engineering, Cl A | 140,847 | 437,736 | ||||||
Hubei Jumpcan Pharmaceutical, Cl A | 70,900 | 312,949 | ||||||
Humanwell Healthcare Group, Cl A | 125,200 | 437,108 | ||||||
Hygeia Healthcare Holdings | 93,000 | 420,424 | ||||||
Imeik Technology Development, Cl A | 16,800 | 694,428 | ||||||
Innovent Biologics * | 325,000 | 1,779,300 | ||||||
iRay Technology, Cl A | 7,361 | 336,223 | ||||||
Jiangsu Hengrui Pharmaceuticals, Cl A | 493,028 | 3,131,710 | ||||||
Jiangsu Nhwa Pharmaceutical, Cl A | 75,600 | 287,935 | ||||||
Jiangsu Yuyue Medical Equipment & Supply, Cl A | 78,710 | 382,242 | ||||||
Joincare Pharmaceutical Group Industry, Cl A | 150,545 | 262,797 | ||||||
Jointown Pharmaceutical Group, Cl A | 302,575 | 297,876 |
30
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Health Care Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Health Care (continued) | ||||||||
Lepu Medical Technology Beijing, Cl A | 148,000 | $ | 335,882 | |||||
Livzon Pharmaceutical Group, Cl A | 49,059 | 241,209 | ||||||
Meinian Onehealth Healthcare Holdings, Cl A * | 305,183 | 257,584 | ||||||
MGI Tech, Cl A | 32,208 | 389,087 | ||||||
Microport Scientific * | 217,700 | 234,747 | ||||||
Nanjing King-Friend Biochemical Pharmaceutical, Cl A | 125,084 | 263,497 | ||||||
Ovctek China, Cl A | 71,093 | 225,442 | ||||||
Pharmaron Beijing, Cl A | 116,475 | 474,040 | ||||||
Shandong Buchang Pharmaceuticals, Cl A | 86,583 | 206,833 | ||||||
Shandong Weigao Group Medical Polymer, Cl H | 653,200 | 636,591 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl A | 169,529 | 595,920 | ||||||
Shanghai Fosun Pharmaceutical Group, Cl H | 130,500 | 284,112 | ||||||
Shanghai Junshi Biosciences, Cl A * | 60,663 | 356,365 | ||||||
Shanghai Pharmaceuticals Holding, Cl A | 222,994 | 523,929 | ||||||
Shanghai Pharmaceuticals Holding, Cl H | 194,500 | 284,456 | ||||||
Shanghai RAAS Blood Products, Cl A | 521,434 | 585,832 | ||||||
Shanghai United Imaging Healthcare, Cl A | 64,524 | 1,241,529 | ||||||
Shenzhen Kangtai Biological Products, Cl A | 88,677 | 338,114 | ||||||
Shenzhen Mindray Bio-Medical Electronics, Cl A | 95,855 | 3,911,954 | ||||||
Shenzhen New Industries Biomedical Engineering, Cl A | 59,400 | 652,344 | ||||||
Shenzhen Salubris Pharmaceuticals, Cl A | 86,765 | 397,964 | ||||||
Shijiazhuang Yiling Pharmaceutical, Cl A | 130,650 | 423,292 | ||||||
Sichuan Kelun Pharmaceutical, Cl A | 115,415 | 470,860 | ||||||
Sinopharm Group, Cl H | 353,200 | 925,004 | ||||||
Tonghua Dongbao Pharmaceutical, Cl A | 156,791 | 238,470 | ||||||
Topchoice Medical, Cl A * | 25,441 | 273,146 | ||||||
Walvax Biotechnology, Cl A | 129,600 | 427,899 | ||||||
WuXi AppTec, Cl A (A) | 201,120 | 2,055,092 | ||||||
WuXi AppTec, Cl H | 97,184 | 988,822 | ||||||
Wuxi Biologics Cayman * | 996,135 | 3,776,065 | ||||||
Yunnan Baiyao Group, Cl A | 140,823 | 972,032 | ||||||
Zai Lab * | 243,400 | 670,176 | ||||||
Zhangzhou Pientzehuang Pharmaceutical, Cl A | 47,634 | 1,618,817 | ||||||
Zhejiang Huahai Pharmaceutical, Cl A | 117,572 | 242,224 | ||||||
Zhejiang Jiuzhou Pharmaceutical, Cl A | 70,000 | 238,000 | ||||||
Zhejiang NHU, Cl A | 240,630 | 573,137 | ||||||
TOTAL CHINA | 55,442,039 | |||||||
HONG KONG — 2.1% | ||||||||
Health Care — 2.1% | ||||||||
Sino Biopharmaceutical | 2,842,750 | 1,263,274 | ||||||
TOTAL HONG KONG | 1,263,274 |
31
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI All China Health Care Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
UNITED STATES — 1.9% | ||||||||
Health Care — 1.9% | ||||||||
Legend Biotech ADR * | 19,058 | $ | 1,146,720 | |||||
TOTAL UNITED STATES | 1,146,720 | |||||||
TOTAL COMMON STOCK (Cost $67,235,393) | 57,852,033 |
Number of Rights | |||||||
RIGHTS — 0.0% | |||||||
CHINA — 0.0% | |||||||
Health Care — 0.0% | |||||||
Kangmei Pharma ‡‡ * (B) | 109,673 | — | |||||
TOTAL CHINA | — | ||||||
TOTAL RIGHTS (Cost $–) | — |
Shares | ||||||||
SHORT-TERM INVESTMENT — 1.6% | ||||||||
Invesco Government & Agency Portfolio, Cl Institutional, 5.230% (C) (D) | 939,253 | 939,253 | ||||||
TOTAL SHORT-TERM INVESTMENT (Cost $939,253) | 939,253 | |||||||
TOTAL INVESTMENTS — 98.6% | 58,791,286 | |||||||
OTHER ASSETS LESS LIABILITIES – 1.4% | 821,665 | |||||||
NET ASSETS - 100% | $ | 59,612,951 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
(A) | Certain securities or partial positions of certain securities are on loan at December 31, 2023. | |
(B) | Level 3 security in accordance with fair value hierarchy. | |
(C) | The rate shown is the 7-day effective yield as of December 31, 2023. | |
(D) | This security was purchased with cash collateral held from securities on loan. The total value of such security as of December 31, 2023 was $939,253. |
‡‡ | Expiration date not available. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-010-1200
32
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Asia Pacific High Income Bond ETF
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS — 94.3% | ||||||||
AUSTRALIA — 3.3% | ||||||||
Financials — 3.3% | ||||||||
Macquarie Bank | ||||||||
6.125%, USSW5 + 3.703% (A) (B) | $ | 250,000 | $ | 232,263 | ||||
QBE Insurance Group, MTN | ||||||||
5.250%, H15T5Y + 3.047% (A) (B) | 250,000 | 238,042 | ||||||
470,305 | ||||||||
TOTAL AUSTRALIA | 470,305 | |||||||
CHINA — 23.1% | ||||||||
Consumer Discretionary — 2.6% | ||||||||
Fortune Star BVI | ||||||||
6.850%, 07/02/2024 | 200,000 | 192,200 | ||||||
5.000%, 05/18/2026 | 250,000 | 180,562 | ||||||
372,762 | ||||||||
Financials — 6.4% | ||||||||
Huarong Finance 2017, MTN | ||||||||
4.250%, 11/07/2027 | 200,000 | 182,054 | ||||||
Huarong Finance 2019, MTN | ||||||||
4.250%, (A) (B) | 400,000 | 371,296 | ||||||
ZhongAn Online P&C Insurance | ||||||||
3.125%, 07/16/2025 | 400,000 | 368,394 | ||||||
921,744 | ||||||||
Materials — 1.7% | ||||||||
China Hongqiao Group | ||||||||
6.250%, 06/08/2024 | 250,000 | 247,700 | ||||||
Real Estate — 10.6% | ||||||||
Fuqing Investment Management, MTN | ||||||||
3.250%, 06/23/2025 | 200,000 | 160,067 | ||||||
Greentown China Holdings | ||||||||
5.650%, 07/13/2025 | 200,000 | 169,494 | ||||||
4.700%, 04/29/2025 | 200,000 | 173,434 | ||||||
Pingan Real Estate Capital, MTN | ||||||||
2.750%, 07/29/2024 | 250,000 | 234,568 | ||||||
RKPF Overseas 2019 A | ||||||||
6.700%, 09/30/2024 | 400,000 | 312,400 | ||||||
Shui On Development Holding | ||||||||
5.500%, 03/03/2025 | 200,000 | 113,049 | ||||||
Vanke Real Estate Hong Kong, MTN | ||||||||
4.200%, 06/07/2024 | 200,000 | 186,100 | ||||||
Yanlord Land HK | ||||||||
6.800%, 02/27/2024 | 200,000 | 190,100 | ||||||
1,539,212 |
33
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Asia Pacific High Income Bond ETF (continued)
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS (continued) | ||||||||
Utilities — 1.8% | ||||||||
China Oil & Gas Group | ||||||||
4.700%, 06/30/2026 | $ | 300,000 | $ | 260,957 | ||||
TOTAL CHINA | 3,342,375 | |||||||
HONG KONG — 9.6% | ||||||||
Consumer Discretionary — 5.5% | ||||||||
Li & Fung, MTN | ||||||||
5.000%, 08/18/2025 | 250,000 | 238,735 | ||||||
Melco Resorts Finance | ||||||||
5.750%, 07/21/2028 | 200,000 | 183,472 | ||||||
5.625%, 07/17/2027 | 200,000 | 185,499 | ||||||
5.250%, 04/26/2026 | 200,000 | 192,500 | ||||||
800,206 | ||||||||
Financials — 1.3% | ||||||||
PCGI Intermediate, MTN | ||||||||
4.750%, 10/28/2024 | 200,000 | 190,100 | ||||||
Industrials — 2.8% | ||||||||
Celestial Miles | ||||||||
5.750%, (A) (B) | 400,000 | 398,600 | ||||||
TOTAL HONG KONG | 1,388,906 | |||||||
INDIA — 21.5% | ||||||||
Communication Services — 1.4% | ||||||||
Network i2i | ||||||||
5.650%, H15T5Y + 4.274% (A) (B) | 200,000 | 197,086 | ||||||
Energy — 7.4% | ||||||||
Greenko Power II | ||||||||
4.300%, 12/13/2028 | 180,000 | 162,045 | ||||||
Greenko Solar Mauritius | ||||||||
5.550%, 01/29/2025 | 400,000 | 389,840 | ||||||
India Clean Energy Holdings, MTN | ||||||||
4.500%, 04/18/2027 | 400,000 | 350,085 | ||||||
India Cleantech Energy | ||||||||
4.700%, 08/10/2026 | 176,800 | 160,446 | ||||||
1,062,416 | ||||||||
Financials — 3.2% | ||||||||
Axis Bank, MTN | ||||||||
4.100%, H15T5Y + 3.315% (A) (B) | 200,000 | 182,067 | ||||||
Shriram Finance, MTN | ||||||||
4.150%, 07/18/2025 | 300,000 | 287,250 | ||||||
469,317 | ||||||||
Industrials — 6.8% | ||||||||
GMR Hyderabad International Airport | ||||||||
4.250%, 10/27/2027 | 200,000 | 182,600 |
34
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Asia Pacific High Income Bond ETF (continued)
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS (continued) | ||||||||
Industrials (continued) | ||||||||
India Airport Infrastructure | ||||||||
6.250%, 10/25/2025 | $ | 250,000 | $ | 245,515 | ||||
JSW Steel | ||||||||
3.950%, 04/05/2027 | 200,000 | 184,714 | ||||||
Magnum Holdings | ||||||||
5.375%, 10/31/2026 | 400,000 | 372,000 | ||||||
984,829 | ||||||||
Materials — 2.7% | ||||||||
Periama Holdings | ||||||||
5.950%, 04/19/2026 | 400,000 | 393,456 | ||||||
TOTAL INDIA | 3,107,104 | |||||||
INDONESIA — 6.6% | ||||||||
Financials — 2.5% | ||||||||
Bank Negara Indonesia Persero | ||||||||
4.300%, H15T5Y + 3.466% (A) (B) | 400,000 | 351,413 | ||||||
Materials — 4.1% | ||||||||
Bukit Makmur Mandiri Utama | ||||||||
7.750%, 02/10/2026 | 200,000 | 188,760 | ||||||
Nickel Industries | ||||||||
11.250%, 10/21/2028 | 200,000 | 209,000 | ||||||
6.500%, 04/01/2024 | 200,000 | 198,300 | ||||||
596,060 | ||||||||
TOTAL INDONESIA | 947,473 | |||||||
MACAU — 12.7% | ||||||||
Consumer Discretionary — 12.7% | ||||||||
Champion Path Holdings | ||||||||
4.500%, 01/27/2026 | 200,000 | 185,977 | ||||||
MGM China Holdings | ||||||||
5.875%, 05/15/2026 | 200,000 | 195,478 | ||||||
5.250%, 06/18/2025 | 200,000 | 196,250 | ||||||
4.750%, 02/01/2027 | 200,000 | 190,250 | ||||||
Studio City Finance | ||||||||
6.500%, 01/15/2028 | 200,000 | 184,750 | ||||||
Wynn Macau | ||||||||
5.625%, 08/26/2028 | 200,000 | 185,332 | ||||||
5.500%, 10/01/2027 | 200,000 | 188,805 | ||||||
5.500%, 01/15/2026 | 250,000 | 243,969 | ||||||
5.125%, 12/15/2029 | 300,000 | 266,470 | ||||||
1,837,281 | ||||||||
TOTAL MACAU | 1,837,281 |
35
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Asia Pacific High Income Bond ETF (continued)
Face Amount | Value | |||||||
CORPORATE OBLIGATIONS (continued) | ||||||||
PHILIPPINES — 6.9% | ||||||||
Communication Services — 1.3% | ||||||||
Globe Telecom | ||||||||
4.200%, (A) (B) | $ | 200,000 | $ | 188,186 | ||||
Consumer Discretionary — 1.3% | ||||||||
Jollibee Worldwide Pte | ||||||||
3.900%, (A) (B) | 200,000 | 194,500 | ||||||
Consumer Staples — 1.4% | ||||||||
Royal Capital BV | ||||||||
5.000%, (A) (B) | 200,000 | 195,000 | ||||||
Energy — 1.6% | ||||||||
SMC Global Power Holdings | ||||||||
6.500%, (A) (B) | 250,000 | 236,203 | ||||||
Financials — 1.3% | ||||||||
Rizal Commercial Banking | ||||||||
6.500%, H15T5Y + 6.236% (A) (B) | 200,000 | 187,593 | ||||||
TOTAL PHILIPPINES | 1,001,482 | |||||||
THAILAND — 7.7% | ||||||||
Financials — 7.7% | ||||||||
Bangkok Bank, MTN | ||||||||
5.000%, H15T5Y + 4.729% (A) (B) | 200,000 | 191,108 | ||||||
Kasikornbank, MTN | ||||||||
4.000%, H15T5Y + 3.337% (A) (B) | 400,000 | 355,967 | ||||||
Krung Thai Bank | ||||||||
4.400%, H15T5Y + 3.530% (A) (B) | 400,000 | 370,600 | ||||||
TMBThanachart Bank, MTN | ||||||||
4.900%, H15T5Y + 3.256% (A) (B) | 200,000 | 194,924 | ||||||
1,112,599 | ||||||||
TOTAL THAILAND | 1,112,599 | |||||||
UNITED KINGDOM — 1.4% | ||||||||
Financials — 1.4% | ||||||||
Standard Chartered | ||||||||
7.750%, H15T5Y + 4.976% (A) (B) | 200,000 | 204,242 | ||||||
VIETNAM — 1.5% | ||||||||
Utilities — 1.5% | ||||||||
Mong Duong Finance Holdings BV | ||||||||
5.125%, 05/07/2029 | 230,573 | 213,563 | ||||||
TOTAL CORPORATE OBLIGATIONS (Cost $13,901,618) | 13,625,330 | |||||||
TOTAL INVESTMENTS — 94.3% (Cost $13,901,618) | 13,625,330 | |||||||
OTHER ASSETS LESS LIABILITIES – 5.7% | 820,546 | |||||||
NET ASSETS - 100% | $ | 14,445,876 |
36
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Asia Pacific High Income Bond ETF (concluded)
(A) | Perpetual security with no stated maturity date. | |
(B) | Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
See “Glossary” for abbreviations.
KRS-QH-012-1200
37
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF
Shares | Value | |||||||
COMMON STOCK — 95.8% ‡ | ||||||||
AUSTRALIA — 0.2% | ||||||||
Materials — 0.2% | ||||||||
Anglogold Ashanti | 6,111 | $ | 118,096 | |||||
TOTAL AUSTRALIA | 118,096 | |||||||
BRAZIL — 6.0% | ||||||||
Communication Services — 0.1% | ||||||||
Telefonica Brasil | 7,500 | 82,510 | ||||||
Consumer Discretionary — 0.2% | ||||||||
Lojas Renner | 13,125 | 47,068 | ||||||
Magazine Luiza * | 81,800 | 36,374 | ||||||
83,442 | ||||||||
Consumer Staples — 0.6% | ||||||||
Ambev | 70,200 | 198,420 | ||||||
Raia Drogasil | 19,168 | 116,012 | ||||||
314,432 | ||||||||
Energy — 1.0% | ||||||||
Petroleo Brasileiro | 58,300 | 467,831 | ||||||
Ultrapar Participacoes | 17,000 | 92,776 | ||||||
560,607 | ||||||||
Financials — 1.2% | ||||||||
B3 - Brasil Bolsa Balcao | 77,700 | 232,735 | ||||||
Banco Bradesco | 37,188 | 116,978 | ||||||
Banco do Brasil | 17,000 | 193,847 | ||||||
Banco Santander Brasil | 5,700 | 37,901 | ||||||
BB Seguridade Participacoes | 9,400 | 65,116 | ||||||
646,577 | ||||||||
Industrials — 0.8% | ||||||||
CCR | 15,000 | 43,787 | ||||||
Localiza Rent a Car | 10,820 | 141,665 | ||||||
Rumo | 15,000 | 70,868 | ||||||
WEG | 22,500 | 170,964 | ||||||
427,284 | ||||||||
Materials — 1.8% | ||||||||
Klabin | 9,400 | 42,998 | ||||||
Suzano | 11,100 | 127,119 | ||||||
Vale | 49,100 | 780,328 | ||||||
950,445 | ||||||||
Utilities — 0.3% | ||||||||
Cia de Saneamento Basico do Estado de Sao Paulo | 3,800 | 58,960 |
38
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities (continued) | ||||||||
Equatorial Energia | 16,800 | $ | 123,538 | |||||
182,498 | ||||||||
TOTAL BRAZIL | 3,247,795 | |||||||
CHILE — 0.7% | ||||||||
Consumer Discretionary — 0.0% | ||||||||
Falabella * | 9,584 | 24,144 | ||||||
Energy — 0.1% | ||||||||
Empresas Copec | 4,984 | 36,583 | ||||||
Financials — 0.3% | ||||||||
Banco de Chile | 848,290 | 100,528 | ||||||
Banco de Credito e Inversiones | 828 | 22,619 | ||||||
Banco Santander Chile | 845,703 | 41,642 | ||||||
164,789 | ||||||||
Materials — 0.1% | ||||||||
Empresas CMPC | 16,173 | 31,484 | ||||||
Utilities — 0.2% | ||||||||
Enel Americas * | 364,876 | 40,737 | ||||||
Enel Chile | 915,040 | 59,715 | ||||||
100,452 | ||||||||
TOTAL CHILE | 357,452 | |||||||
COLOMBIA — 0.2% | ||||||||
Financials — 0.2% | ||||||||
Bancolombia | 9,393 | 80,498 | ||||||
TOTAL COLOMBIA | 80,498 | |||||||
CZECH REPUBLIC — 0.2% | ||||||||
Financials — 0.0% | ||||||||
Komercni Banka | 924 | 29,953 | ||||||
Utilities — 0.2% | ||||||||
CEZ | 1,966 | 84,315 | ||||||
TOTAL CZECH REPUBLIC | 114,268 | |||||||
EGYPT — 0.1% | ||||||||
Financials — 0.1% | ||||||||
Commercial International Bank Egypt SAE | 33,668 | 79,410 | ||||||
TOTAL EGYPT | 79,410 |
39
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
GREECE — 0.1% | ||||||||
Communication Services — 0.1% | ||||||||
Hellenic Telecommunications Organization | 2,950 | $ | 42,038 | |||||
TOTAL GREECE | 42,038 | |||||||
HUNGARY — 0.4% | ||||||||
Energy — 0.1% | ||||||||
MOL Hungarian Oil & Gas | 4,593 | 37,513 | ||||||
Financials — 0.2% | ||||||||
OTP Bank Nyrt | 2,816 | 128,590 | ||||||
Health Care — 0.1% | ||||||||
Richter Gedeon Nyrt | 2,270 | 57,405 | ||||||
TOTAL HUNGARY | 223,508 | |||||||
INDIA — 20.2% | ||||||||
Communication Services — 1.0% | ||||||||
Bharti Airtel | 41,706 | 517,330 | ||||||
Consumer Discretionary — 1.9% | ||||||||
Bajaj Auto | 1,044 | 85,278 | ||||||
Eicher Motors | 1,669 | 83,105 | ||||||
Mahindra & Mahindra | 11,822 | 245,692 | ||||||
Maruti Suzuki India | 1,917 | 237,336 | ||||||
Tata Motors | 23,173 | 217,197 | ||||||
Titan | 3,962 | 174,997 | ||||||
1,043,605 | ||||||||
Consumer Staples — 2.1% | ||||||||
Dabur India | 21,489 | 143,891 | ||||||
Godrej Consumer Products | 11,667 | 158,600 | ||||||
Hindustan Unilever | 11,561 | 370,106 | ||||||
ITC | 55,602 | 308,767 | ||||||
Nestle India | 516 | 164,822 | ||||||
1,146,186 | ||||||||
Energy — 0.6% | ||||||||
Bharat Petroleum | 9,657 | 52,298 | ||||||
Indian Oil | 77,334 | 120,675 | ||||||
Oil & Natural Gas | 56,510 | 139,248 | ||||||
312,221 | ||||||||
Financials — 6.1% | ||||||||
Axis Bank | 35,222 | 466,572 | ||||||
Bajaj Finance | 3,223 | 283,815 | ||||||
Bajaj Finserv | 4,928 | 99,835 |
40
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Financials (continued) | ||||||||
HDFC Bank | 41,133 | $ | 844,891 | |||||
HDFC Life Insurance | 12,820 | 99,631 | ||||||
ICICI Bank | 59,389 | 711,266 | ||||||
Jio Financial Services * | 27,959 | 78,269 | ||||||
Kotak Mahindra Bank | 21,976 | 503,912 | ||||||
State Bank of India | 27,786 | 214,388 | ||||||
3,302,579 | ||||||||
Health Care — 0.9% | ||||||||
Aurobindo Pharma | 3,337 | 43,470 | ||||||
Cipla | 7,564 | 113,287 | ||||||
Dr Reddy’s Laboratories | 1,452 | 101,168 | ||||||
Sun Pharmaceutical Industries | 13,878 | 210,045 | ||||||
467,970 | ||||||||
Industrials — 0.7% | ||||||||
Larsen & Toubro | 9,199 | 389,787 | ||||||
Information Technology — 4.2% | ||||||||
HCL Technologies | 16,684 | 293,947 | ||||||
Infosys ADR | 58,563 | 1,076,388 | ||||||
Tata Consultancy Services | 13,878 | 632,646 | ||||||
Tech Mahindra | 9,578 | 146,483 | ||||||
Wipro | 23,160 | 131,172 | ||||||
2,280,636 | ||||||||
Materials — 1.8% | ||||||||
Asian Paints | 6,212 | 253,993 | ||||||
Grasim Industries | 4,189 | 107,466 | ||||||
Hindalco Industries | 25,859 | 191,067 | ||||||
JSW Steel | 10,967 | 116,011 | ||||||
UltraTech Cement | 1,489 | 187,938 | ||||||
UPL | 6,901 | 48,701 | ||||||
Vedanta | 16,838 | 52,317 | ||||||
957,493 | ||||||||
Utilities — 0.9% | ||||||||
GAIL India | 38,937 | 75,849 | ||||||
NTPC | 62,140 | 232,352 | ||||||
Power Grid Corp of India | 52,726 | 150,295 | ||||||
458,496 | ||||||||
TOTAL INDIA | 10,876,303 | |||||||
INDONESIA — 3.2% | ||||||||
Communication Services — 0.4% | ||||||||
Telkom Indonesia Persero | 851,700 | 218,498 |
41
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Staples — 0.1% | ||||||||
Charoen Pokphand Indonesia | 116,500 | $ | 38,021 | |||||
Unilever Indonesia | 120,300 | 27,581 | ||||||
65,602 | ||||||||
Energy — 0.2% | ||||||||
Adaro Energy Indonesia | 427,600 | 66,096 | ||||||
United Tractors | 26,900 | 39,528 | ||||||
105,624 | ||||||||
Financials — 2.2% | ||||||||
Bank Central Asia | 804,900 | 491,399 | ||||||
Bank Mandiri Persero | 665,700 | 261,576 | ||||||
Bank Negara Indonesia Persero | 248,000 | 86,575 | ||||||
Bank Rakyat Indonesia Persero | 925,100 | 343,976 | ||||||
1,183,526 | ||||||||
Industrials — 0.3% | ||||||||
Astra International | 369,600 | 135,626 | ||||||
TOTAL INDONESIA | 1,708,876 | |||||||
MALAYSIA — 2.1% | ||||||||
Communication Services — 0.2% | ||||||||
CelcomDigi Bhd | 55,200 | 49,014 | ||||||
Maxis | 55,200 | 46,250 | ||||||
95,264 | ||||||||
Consumer Discretionary — 0.1% | ||||||||
Genting | 36,200 | 36,397 | ||||||
Consumer Staples — 0.1% | ||||||||
Sime Darby Plantation | 41,900 | 40,669 | ||||||
Financials — 1.2% | ||||||||
CIMB Group Holdings | 152,155 | 193,712 | ||||||
Hong Leong Bank | 9,700 | 39,898 | ||||||
Malayan Banking | 103,416 | 200,080 | ||||||
Public Bank | 239,800 | 223,883 | ||||||
657,573 | ||||||||
Health Care — 0.1% | ||||||||
IHH Healthcare | 36,200 | 47,505 | ||||||
Materials — 0.1% | ||||||||
Petronas Chemicals Group | 55,200 | 86,013 | ||||||
Utilities — 0.3% | ||||||||
Petronas Gas | 9,400 | 35,595 |
42
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities (continued) | ||||||||
Tenaga Nasional | 68,400 | $ | 149,453 | |||||
185,048 | ||||||||
TOTAL MALAYSIA | 1,148,469 | |||||||
MEXICO — 4.9% | ||||||||
Communication Services — 0.7% | ||||||||
America Movil | 421,600 | 391,862 | ||||||
Consumer Staples — 1.6% | ||||||||
Fomento Economico Mexicano | 30,600 | 399,338 | ||||||
Grupo Bimbo, Ser A | 20,600 | 104,554 | ||||||
Wal-Mart de Mexico | 79,400 | 335,567 | ||||||
839,459 | ||||||||
Financials — 0.9% | ||||||||
Grupo Financiero Banorte, Cl O | 41,900 | 422,501 | ||||||
Grupo Financiero Inbursa, Cl O | 28,100 | 77,507 | ||||||
500,008 | ||||||||
Industrials — 0.5% | ||||||||
Grupo Aeroportuario del Pacifico, Cl B | 7,620 | 133,384 | ||||||
Grupo Aeroportuario del Sureste, Cl B | 4,845 | 142,325 | ||||||
275,709 | ||||||||
Materials — 1.0% | ||||||||
Cemex * | 231,600 | 180,800 | ||||||
Grupo Mexico | 41,900 | 233,024 | ||||||
Southern Copper | 1,316 | 113,268 | ||||||
527,092 | ||||||||
Real Estate — 0.2% | ||||||||
Fibra Uno Administracion † | 52,200 | 94,231 | ||||||
TOTAL MEXICO | 2,628,361 | |||||||
PERU — 0.6% | ||||||||
Financials — 0.3% | ||||||||
Credicorp | 1,226 | 183,814 | ||||||
Materials — 0.3% | ||||||||
Cia de Minas Buenaventura SAA ADR | 10,522 | 160,356 | ||||||
TOTAL PERU | 344,170 | |||||||
PHILIPPINES — 1.1% | ||||||||
Financials — 0.2% | ||||||||
BDO Unibank | 46,664 | 109,971 |
43
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Industrials — 0.4% | ||||||||
Ayala | 5,520 | $ | 67,885 | |||||
JG Summit | 69,335 | 47,768 | ||||||
SM Investments | 5,520 | 86,924 | ||||||
202,577 | ||||||||
Real Estate — 0.5% | ||||||||
Ayala Land | 190,100 | 118,265 | ||||||
SM Prime | 259,500 | 154,177 | ||||||
272,442 | ||||||||
TOTAL PHILIPPINES | 584,990 | |||||||
POLAND — 1.7% | ||||||||
Communication Services — 0.1% | ||||||||
CD Projekt | 1,119 | 32,726 | ||||||
Consumer Discretionary — 0.3% | ||||||||
LPP | 47 | 193,510 | ||||||
Energy — 0.2% | ||||||||
ORLEN | 5,186 | 86,384 | ||||||
Financials — 1.0% | ||||||||
Bank Polska Kasa Opieki | 3,061 | 118,361 | ||||||
Powszechna Kasa Oszczednosci Bank Polski * | 15,293 | 195,701 | ||||||
Powszechny Zaklad Ubezpieczen | 11,109 | 133,542 | ||||||
Santander Bank Polska | 593 | 73,864 | ||||||
521,468 | ||||||||
Materials — 0.1% | ||||||||
KGHM Polska Miedz | 2,134 | 66,588 | ||||||
TOTAL POLAND | 900,676 | |||||||
QATAR — 1.2% | ||||||||
Financials — 1.0% | ||||||||
Masraf Al Rayan | 72,430 | 51,562 | ||||||
Qatar Islamic Bank | 21,239 | 121,916 | ||||||
Qatar National Bank | 75,297 | 331,919 | ||||||
505,397 | ||||||||
Industrials — 0.2% | ||||||||
Industries Qatar | 33,778 | 119,675 | ||||||
TOTAL QATAR | 625,072 |
44
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
ROMANIA — 0.2% | ||||||||
Real Estate — 0.2% | ||||||||
NEPI Rockcastle | 17,319 | $ | 119,687 | |||||
TOTAL ROMANIA | 119,687 | |||||||
RUSSIA — 0.0% | ||||||||
Communication Services — 0.0% | ||||||||
Mobile TeleSystems PJSC ADR (A) (B) | 3,839 | — | ||||||
Consumer Discretionary — 0.0% | ||||||||
X5 Retail Group GDR * (A) (B) | 915 | — | ||||||
Energy — 0.0% | ||||||||
Gazprom PJSC * (A) (B) | 89,700 | — | ||||||
LUKOIL PJSC (A) (B) | 3,729 | — | ||||||
Novatek PJSC GDR * (A) (B) | 756 | — | ||||||
Rosneft Oil PJSC (A) (B) | 10,270 | — | ||||||
Tatneft PJSC (A) (B) | 16,537 | — | ||||||
— | ||||||||
Financials — 0.0% | ||||||||
Sberbank of Russia PJSC (A) (B) | 99,330 | — | ||||||
Materials — 0.0% | ||||||||
Alrosa PJSC (A) (B) | 18,910 | — | ||||||
MMC Norilsk Nickel PJSC (A) (B) | 670 | — | ||||||
Novolipetsk Steel PJSC * (A) (B) | 8,860 | — | ||||||
Severstal PAO * (A) (B) | 1,512 | — | ||||||
— | ||||||||
TOTAL RUSSIA | — | |||||||
SOUTH AFRICA — 5.7% | ||||||||
Communication Services — 0.4% | ||||||||
MTN Group | 25,954 | 163,920 | ||||||
Vodacom Group | 13,625 | 78,975 | ||||||
242,895 | ||||||||
Consumer Discretionary — 1.5% | ||||||||
Absa Group | 11,118 | 99,529 | ||||||
Naspers, Cl N | 3,548 | 606,870 | ||||||
Woolworths Holdings | 28,601 | 112,918 | ||||||
819,317 | ||||||||
Consumer Staples — 0.6% | ||||||||
Bid | 5,186 | 120,990 | ||||||
Clicks Group | 3,112 | 55,427 |
45
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Staples (continued) | ||||||||
Shoprite Holdings | 9,900 | $ | 148,899 | |||||
325,316 | ||||||||
Energy — 0.2% | ||||||||
Exxaro Resources | 8,267 | 92,437 | ||||||
Financials — 2.1% | ||||||||
Capitec Bank | 1,607 | 178,065 | ||||||
Discovery | 11,052 | 86,833 | ||||||
FirstRand | 69,269 | 278,439 | ||||||
Nedbank Group | 7,008 | 82,867 | ||||||
Old Mutual | 132,372 | 94,533 | ||||||
Remgro | 13,513 | 120,060 | ||||||
Sanlam | 22,525 | 89,669 | ||||||
Standard Bank Group | 20,393 | 232,059 | ||||||
1,162,525 | ||||||||
Industrials — 0.3% | ||||||||
Bidvest Group | 4,152 | 57,280 | ||||||
Sasol | 8,611 | 87,247 | ||||||
144,527 | ||||||||
Materials — 0.6% | ||||||||
Anglo American Platinum | 1,085 | 57,194 | ||||||
Gold Fields | 16,498 | 250,598 | ||||||
307,792 | ||||||||
TOTAL SOUTH AFRICA | 3,094,809 | |||||||
SOUTH KOREA — 17.8% | ||||||||
Communication Services — 1.0% | ||||||||
Kakao | 3,963 | 167,087 | ||||||
NAVER | 1,945 | 338,287 | ||||||
NCSoft | 286 | 53,407 | ||||||
558,781 | ||||||||
Consumer Discretionary — 2.1% | ||||||||
Coway | 668 | 29,668 | ||||||
Hyundai Mobis | 1,063 | 195,614 | ||||||
Hyundai Motor | 2,322 | 366,897 | ||||||
Kangwon Land | 1,500 | 18,635 | ||||||
Kia | 4,626 | 359,189 | ||||||
LG Electronics * | 1,763 | 139,354 | ||||||
1,109,357 | ||||||||
Consumer Staples — 0.6% | ||||||||
Amorepacific | 650 | 73,181 | ||||||
KT&G | 2,605 | 175,770 |
46
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Staples (continued) | ||||||||
LG H&H | 155 | $ | 42,725 | |||||
291,676 | ||||||||
Energy — 0.4% | ||||||||
HD Hyundai | 1,624 | 79,819 | ||||||
SK Innovation * | 1,005 | 109,482 | ||||||
S-Oil | 574 | 31,020 | ||||||
220,321 | ||||||||
Financials — 1.9% | ||||||||
DB Insurance | 630 | 40,943 | ||||||
Hana Financial Group | 5,559 | 187,329 | ||||||
Industrial Bank of Korea | 3,230 | 29,744 | ||||||
KB Financial Group | 6,636 | 278,754 | ||||||
Samsung Fire & Marine Insurance | 840 | 171,535 | ||||||
Samsung Life Insurance * | 874 | 46,893 | ||||||
Shinhan Financial Group | 7,092 | 221,092 | ||||||
Woori Financial Group | 6,053 | 61,099 | ||||||
1,037,389 | ||||||||
Health Care — 0.3% | ||||||||
Samsung Biologics * | 271 | 159,919 | ||||||
Industrials — 1.7% | ||||||||
Hyundai Engineering & Construction | 1,005 | 27,234 | ||||||
Hyundai Glovis | 1,092 | 162,371 | ||||||
Korea Aerospace Industries | 2,816 | 109,325 | ||||||
Korea Shipbuilding & Offshore Engineering * | 480 | 45,059 | ||||||
LG | 2,019 | 134,663 | ||||||
Samsung C&T | 1,801 | 181,093 | ||||||
Samsung Heavy Industries * | 17,437 | 104,928 | ||||||
SK Holdings | 724 | 100,064 | ||||||
SK Square * | 1,338 | 54,653 | ||||||
919,390 | ||||||||
Information Technology — 8.0% | ||||||||
LG Display * | 2,740 | 27,104 | ||||||
Samsung Electro-Mechanics | 1,236 | 147,027 | ||||||
Samsung Electronics | 49,846 | 3,038,210 | ||||||
Samsung SDI * | 836 | 306,384 | ||||||
Samsung SDS | 436 | 57,551 | ||||||
SK Hynix | 6,845 | 752,052 | ||||||
4,328,328 | ||||||||
Materials — 1.6% | ||||||||
Hyundai Steel | 1,005 | 28,483 | ||||||
Korea Zinc | 98 | 37,894 |
47
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Materials (continued) | ||||||||
LG Chemical | 743 | $ | 287,877 | |||||
Lotte Chemical | 229 | 27,240 | ||||||
POSCO Holdings | 1,264 | 490,231 | ||||||
871,725 | ||||||||
Utilities — 0.2% | ||||||||
Korea Electric Power * | 7,862 | 115,375 | ||||||
TOTAL SOUTH KOREA | 9,612,261 | |||||||
TAIWAN — 25.1% | ||||||||
Communication Services — 1.1% | ||||||||
Chunghwa Telecom | 75,000 | 293,250 | ||||||
Far EasTone Telecommunications | 55,000 | 143,008 | ||||||
Taiwan Mobile | 55,000 | 176,700 | ||||||
612,958 | ||||||||
Consumer Staples — 0.6% | ||||||||
President Chain Store | 19,000 | 166,843 | ||||||
Uni-President Enterprises | 75,000 | 182,060 | ||||||
348,903 | ||||||||
Energy — 0.1% | ||||||||
Formosa Petrochemical | 19,000 | 49,960 | ||||||
Financials — 5.7% | ||||||||
Cathay Financial Holding | 112,000 | 166,957 | ||||||
Chailease Holding | 37,615 | 236,546 | ||||||
Chang Hwa Commercial Bank | 289,150 | 168,645 | ||||||
China Development Financial Holding * | 342,000 | 139,851 | ||||||
CTBC Financial Holding | 278,000 | 256,799 | ||||||
E.Sun Financial Holding | 238,397 | 200,409 | ||||||
First Financial Holding | 238,605 | 213,023 | ||||||
Fubon Financial Holding | 134,827 | 284,674 | ||||||
Hua Nan Financial Holdings | 192,567 | 140,235 | ||||||
Mega Financial Holding | 155,414 | 198,505 | ||||||
Shanghai Commercial & Savings Bank | 117,000 | 178,414 | ||||||
Shin Kong Financial Holding * | 566,000 | 163,213 | ||||||
SinoPac Financial Holdings | 133,211 | 85,507 | ||||||
Taishin Financial Holding | 418,300 | 246,696 | ||||||
Taiwan Cooperative Financial Holding | 213,114 | 185,404 | ||||||
Yuanta Financial Holding | 229,285 | 206,197 | ||||||
3,071,075 | ||||||||
Industrials — 0.3% | ||||||||
Far Eastern New Century | 168,000 | 170,789 |
48
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology — 15.5% | ||||||||
ASE Technology Holding | 59,000 | $ | 259,527 | |||||
Asustek Computer | 19,000 | 303,042 | ||||||
AUO | 151,600 | 89,654 | ||||||
Catcher Technology | 19,000 | 120,102 | ||||||
Delta Electronics | 38,000 | 388,166 | ||||||
Hon Hai Precision Industry | 168,000 | 572,034 | ||||||
Innolux | 195,001 | 90,859 | ||||||
Lite-On Technology | 75,000 | 285,919 | ||||||
MediaTek | 19,000 | 628,370 | ||||||
Novatek Microelectronics | 19,000 | 320,066 | ||||||
Pegatron | 58,000 | 164,983 | ||||||
Quanta Computer | 57,000 | 416,953 | ||||||
Taiwan Semiconductor Manufacturing | 230,000 | 4,444,046 | ||||||
United Microelectronics | 150,000 | 257,083 | ||||||
8,340,804 | ||||||||
Materials — 1.8% | ||||||||
Asia Cement | 75,000 | 101,293 | ||||||
China Steel | 248,000 | 218,178 | ||||||
Formosa Chemicals & Fibre | 57,000 | 115,707 | ||||||
Formosa Plastics | 75,000 | 193,545 | ||||||
Nan Ya Plastics | 94,000 | 203,679 | ||||||
Taiwan Cement | 111,404 | 126,503 | ||||||
958,905 | ||||||||
TOTAL TAIWAN | 13,553,394 | |||||||
THAILAND — 2.1% | ||||||||
Communication Services — 0.2% | ||||||||
Advanced Info Service | 18,100 | 115,072 | ||||||
115,072 | ||||||||
Consumer Staples — 0.3% | ||||||||
CP ALL | 92,000 | 150,941 | ||||||
150,941 | ||||||||
Energy — 0.6% | ||||||||
PTT | 195,800 | 205,078 | ||||||
PTT Exploration & Production | 26,800 | 117,384 | ||||||
322,462 | ||||||||
Health Care — 0.3% | ||||||||
Bangkok Dusit Medical Services, Cl F | 172,500 | 140,244 | ||||||
140,244 |
49
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Industrials — 0.3% | ||||||||
Airports of Thailand | 83,800 | $ | 146,695 | |||||
146,695 | ||||||||
Materials — 0.3% | ||||||||
Indorama Ventures | 57,000 | 45,507 | ||||||
PTT Global Chemical | 46,300 | 52,225 | ||||||
Siam Cement | 9,600 | 86,064 | ||||||
183,796 | ||||||||
Real Estate — 0.1% | ||||||||
Central Pattana | 26,800 | 54,962 | ||||||
54,962 | ||||||||
TOTAL THAILAND | 1,114,172 | |||||||
TURKEY — 0.7% | ||||||||
Consumer Staples — 0.3% | ||||||||
BIM Birlesik Magazalar | 12,951 | 131,883 | ||||||
Energy — 0.2% | ||||||||
Turkiye Petrol Rafinerileri | 25,928 | 125,540 | ||||||
Financials — 0.2% | ||||||||
Akbank | 92,656 | 114,573 | ||||||
TOTAL TURKEY | 371,996 | |||||||
UNITED ARAB EMIRATES — 1.2% | ||||||||
Communication Services — 0.4% | ||||||||
Emirates Telecommunications Group PJSC | 40,529 | 216,728 | ||||||
Financials — 0.6% | ||||||||
Abu Dhabi Commercial Bank PJSC | 41,131 | 102,807 | ||||||
First Abu Dhabi Bank PJSC | 60,622 | 230,421 | ||||||
333,228 | ||||||||
Real Estate — 0.2% | ||||||||
Emaar Properties PJSC | 45,408 | 97,919 | ||||||
TOTAL UNITED ARAB EMIRATES | 647,875 | |||||||
UNITED STATES — 0.1% | ||||||||
Consumer Staples — 0.1% | ||||||||
JBS | 11,200 | 57,434 | ||||||
TOTAL UNITED STATES | 57,434 | |||||||
TOTAL COMMON STOCK (Cost $49,790,833) | 51,651,610 |
50
Schedule of Investments (Unaudited) December 31, 2023
KraneShares MSCI Emerging Markets ex China Index ETF (concluded)
Shares | Value | |||||||
PREFERRED STOCK — 4.0% | ||||||||
BRAZIL— 2.7% | ||||||||
Energy — 0.9% | ||||||||
Petroleo Brasileiro (C) | 62,700 | $ | 480,679 | |||||
Financials — 1.6% | ||||||||
Banco Bradesco (C) | 84,371 | 296,834 | ||||||
Itau Unibanco Holding (C) | 60,400 | 422,387 | ||||||
Itausa (C) | 79,676 | 170,093 | ||||||
889,314 | ||||||||
Materials — 0.1% | ||||||||
Gerdau (C) | 13,475 | 65,910 | ||||||
Utilities — 0.1% | ||||||||
Cia Energetica de Minas Gerais (C) | 15,523 | 36,686 | ||||||
TOTAL BRAZIL | 1,472,589 | |||||||
CHILE— 0.3% | ||||||||
Industrials — 0.3% | ||||||||
Sociedad Quimica y Minera de Chile (C) | 2,347 | 141,500 | ||||||
COLOMBIA— 0.1% | ||||||||
Financials — 0.1% | ||||||||
Bancolombia (C) | 5,694 | 43,976 | ||||||
RUSSIA— 0.0% | ||||||||
Energy — 0.0% | ||||||||
Surgutneftegas PJSC (A) (B) (C) | 50,900 | — | ||||||
SOUTH KOREA— 0.9% | ||||||||
Information Technology — 0.9% | ||||||||
Samsung Electronics (C) | 10,176 | 492,247 | ||||||
TOTAL PREFERRED STOCK (Cost $1,910,363) | 2,150,312 | |||||||
TOTAL INVESTMENTS — 99.8% (Cost $51,701,196) | 53,801,922 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.2% | 102,931 | |||||||
NET ASSETS - 100% | $ | 53,904,853 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. |
† | Real Estate Investment Trust |
(A) | Level 3 security in accordance with fair value hierarchy. |
(B) | Due to the financial uncertainty surrounding Russia and its markets, and the inability to liquidate the positions due to market closures and restrictions, the Russian securities have been determined to be worthless. |
(C) | Currently, no stated interest rate. |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-014-1000
51
Schedule of Investments (Unaudited) December 31, 2023
KraneShares CICC China 5G & Semiconductor Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.7% ‡ | ||||||||
CHINA — 99.7% | ||||||||
Communication Services — 1.1% | ||||||||
Kunlun Tech, Cl A * | 24,700 | $ | 129,734 | |||||
Information Technology — 98.6% | ||||||||
ACM Research Shanghai, Cl A | 9,111 | 133,595 | ||||||
Advanced Micro-Fabrication Equipment China, Cl A | 12,234 | 263,902 | ||||||
Avary Holding Shenzhen, Cl A | 47,585 | 149,158 | ||||||
Beijing Kingsoft Office Software, Cl A | 9,660 | 428,966 | ||||||
BOE Technology Group, Cl A | 756,830 | 414,521 | ||||||
BYD Electronic International | 45,500 | 213,266 | ||||||
Cambricon Technologies, Cl A * | 9,532 | 180,664 | ||||||
Chaozhou Three-Circle Group, Cl A | 39,264 | 162,391 | ||||||
China Resources Microelectronics, Cl A | 27,421 | 172,099 | ||||||
China Zhenhua Group Science & Technology, Cl A | 11,300 | 93,376 | ||||||
Foxconn Industrial Internet, Cl A | 417,974 | 887,533 | ||||||
GigaDevice Semiconductor, Cl A | 13,700 | 177,758 | ||||||
GoerTek, Cl A | 68,922 | 203,361 | ||||||
Guangzhou Shiyuan Electronic Technology, Cl A | 14,400 | 92,541 | ||||||
Guobo Electronics, Cl A | 8,464 | 94,534 | ||||||
Hangzhou Silan Microelectronics, Cl A | 34,200 | 109,652 | ||||||
Hua Hong Semiconductor * | 27,000 | 65,282 | ||||||
Hygon Information Technology, Cl A | 50,838 | 506,766 | ||||||
Iflytek, Cl A | 48,300 | 314,602 | ||||||
Ingenic Semiconductor, Cl A | 10,000 | 90,793 | ||||||
JCET Group, Cl A | 36,600 | 153,481 | ||||||
Lingyi iTech Guangdong, Cl A | 141,500 | 134,334 | ||||||
Luxshare Precision Industry, Cl A | 145,205 | 702,513 | ||||||
Maxscend Microelectronics, Cl A | 11,069 | 219,181 | ||||||
Montage Technology, Cl A | 23,784 | 196,268 | ||||||
National Silicon Industry Group, Cl A * | 57,777 | 140,536 | ||||||
NAURA Technology Group, Cl A | 10,418 | 359,493 | ||||||
OFILM Group, Cl A * | 65,800 | 80,487 | ||||||
Sanan Optoelectronics, Cl A | 102,700 | 199,758 | ||||||
SenseTime Group, Cl B * | 526,000 | 78,140 | ||||||
SG Micro, Cl A | 9,900 | 123,753 | ||||||
Shanghai BOCHU Electronic Technology, Cl A | 2,909 | 103,404 | ||||||
Shennan Circuits, Cl A | 10,200 | 101,691 | ||||||
Shenzhen Goodix Technology, Cl A * | 9,400 | 91,220 | ||||||
Shenzhen Transsion Holdings, Cl A | 16,171 | 314,309 | ||||||
Sunny Optical Technology Group | 22,700 | 205,966 | ||||||
TCL Zhonghuan Renewable Energy Technology, Cl A | 83,800 | 184,062 | ||||||
TongFu Microelectronics, Cl A | 29,400 | 95,459 | ||||||
Unigroup Guoxin Microelectronics, Cl A * | 17,600 | 166,716 | ||||||
Will Semiconductor Shanghai, Cl A | 25,206 | 377,737 | ||||||
Wingtech Technology, Cl A * | 26,055 | 154,817 |
52
Schedule of Investments (Unaudited) December 31, 2023
KraneShares CICC China 5G & Semiconductor Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Wuhan Guide Infrared, Cl A | 86,900 | $ | 89,089 | |||||
WUS Printed Circuit Kunshan, Cl A | 38,100 | 118,357 | ||||||
Xiaomi, Cl B * | 402,800 | 804,718 | ||||||
Yealink Network Technology, Cl A | 25,932 | 107,616 | ||||||
Zhejiang Dahua Technology, Cl A | 67,800 | 175,675 | ||||||
Zhejiang Jingsheng Mechanical & Electrical, Cl A | 27,620 | 171,020 | ||||||
Zhongji Innolight, Cl A | 16,900 | 267,980 | ||||||
ZTE, Cl H | 155,400 | 347,078 | ||||||
11,019,618 | ||||||||
TOTAL CHINA | 11,149,352 | |||||||
TOTAL COMMON STOCK (Cost $12,862,796) | 11,149,352 | |||||||
TOTAL INVESTMENTS — 99.7% (Cost $12,862,796) | 11,149,352 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.3% | 31,056 | |||||||
NET ASSETS - 100% | $ | 11,180,408 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
See “Glossary” for abbreviations.
KRS-QH-022-0600
53
Schedule of Investments (Unaudited) December 31, 2023
KraneShares CICC China Consumer Leaders Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.7% ‡ | ||||||||
CHINA — 97.1% | ||||||||
Consumer Discretionary — 34.7% | ||||||||
ANTA Sports Products | 20,400 | $ | 197,898 | |||||
Bosideng International Holdings | 84,000 | 37,759 | ||||||
Gree Electric Appliances of Zhuhai, Cl A | 42,100 | 190,203 | ||||||
Haidilao International Holding | 37,000 | 68,896 | ||||||
Haier Smart Home, Cl A | 86,800 | 255,990 | ||||||
Li Ning | 50,500 | 135,166 | ||||||
Midea Group, Cl A | 50,265 | 385,638 | ||||||
Oppein Home Group, Cl A | 3,300 | 32,260 | ||||||
Yum China Holdings | 4,500 | 191,444 | ||||||
Zhejiang Supor, Cl A | 3,400 | 25,312 | ||||||
1,520,566 | ||||||||
Consumer Staples — 60.5% | ||||||||
China Mengniu Dairy | 67,000 | 180,187 | ||||||
China Resources Beer Holdings | 36,000 | 157,673 | ||||||
Chongqing Brewery, Cl A | 4,136 | 38,598 | ||||||
Eastroc Beverage Group, Cl A | 1,800 | 46,136 | ||||||
Foshan Haitian Flavouring & Food, Cl A | 29,527 | 157,368 | ||||||
Henan Shuanghui Investment & Development, Cl A | 21,535 | 80,780 | ||||||
Hengan International Group | 14,000 | 52,084 | ||||||
Inner Mongolia Yili Industrial Group, Cl A | 80,200 | 301,288 | ||||||
Jiangsu Yanghe Brewery JSC, Cl A | 11,517 | 177,754 | ||||||
Kweichow Moutai, Cl A | 1,800 | 436,312 | ||||||
Luzhou Laojiao, Cl A | 8,000 | 201,579 | ||||||
Proya Cosmetics, Cl A | 3,820 | 53,325 | ||||||
Shanghai Bairun Investment Holding Group, Cl A | 11,700 | 40,437 | ||||||
Shanghai Flyco Electrical Appliance, Cl A | 9,917 | 70,332 | ||||||
Shanxi Xinghuacun Fen Wine Factory, Cl A | 6,000 | 194,419 | ||||||
Tsingtao Brewery, Cl H | 16,000 | 107,370 | ||||||
Wuliangye Yibin, Cl A | 18,000 | 354,686 | ||||||
2,650,328 | ||||||||
Real Estate — 1.9% | ||||||||
Shenzhen Overseas Chinese Town, Cl A * | 80,100 | 34,984 | ||||||
Youngor Fashion, Cl A | 54,600 | 50,225 | ||||||
85,209 | ||||||||
TOTAL CHINA | 4,256,103 |
54
Schedule of Investments (Unaudited) December 31, 2023
KraneShares CICC China Consumer Leaders Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
HONG KONG — 2.6% | ||||||||
Consumer Staples — 2.6% | ||||||||
WH Group | 179,500 | $ | 115,858 | |||||
TOTAL HONG KONG | 115,858 | |||||||
TOTAL COMMON STOCK (Cost $5,562,476) | 4,371,961 | |||||||
TOTAL INVESTMENTS — 99.7% (Cost $5,562,476) | 4,371,961 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.3% | 11,557 | |||||||
NET ASSETS - 100% | $ | 4,383,518 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
See “Glossary” for abbreviations.
KRS-QH-023-0600
55
Schedule of Investments (Unaudited) December 31, 2023
KraneShares SSE STAR Market 50 Index ETF
Shares | Value | |||||||
COMMON STOCK — 95.4% ‡ | ||||||||
CHINA — 95.4% | ||||||||
Consumer Discretionary — 2.6% | ||||||||
Beijing Roborock Technology, Cl A | 16,486 | $ | 655,098 | |||||
Tianneng Battery Group, Cl A | 28,443 | 111,526 | ||||||
766,624 | ||||||||
Health Care — 12.3% | ||||||||
Bloomage Biotechnology, Cl A | 40,266 | 378,480 | ||||||
iRay Technology, Cl A | 10,652 | 486,588 | ||||||
MGI Tech, Cl A | 43,433 | 524,690 | ||||||
Shanghai Junshi Biosciences, Cl A * | 96,102 | 564,551 | ||||||
Shanghai United Imaging Healthcare, Cl A | 84,117 | 1,618,525 | ||||||
Sichuan Biokin Pharmaceutical, Cl A * | 7,504 | 147,433 | ||||||
3,720,267 | ||||||||
Industrials — 8.1% | ||||||||
AVIC Chengdu UAS, Cl A | 28,215 | 151,881 | ||||||
GoodWe Technologies, Cl A | 25,294 | 463,849 | ||||||
Hoymiles Power Electronics, Cl A | 8,692 | 329,577 | ||||||
Hunan Changyuan Lico, Cl A | 201,598 | 206,677 | ||||||
Ningbo Ronbay New Energy Technology, Cl A | 60,726 | 339,423 | ||||||
Pylon Technologies, Cl A | 22,022 | 327,828 | ||||||
Sany Heavy Energy, Cl A | 50,390 | 202,534 | ||||||
Yuneng Technology, Cl A | 9,052 | 155,571 | ||||||
Zhuzhou CRRC Times Electric, Cl A | 54,479 | 277,957 | ||||||
2,455,297 | ||||||||
Information Technology — 68.5% | ||||||||
3peak, Cl A | 16,589 | 340,841 | ||||||
ACM Research Shanghai, Cl A | 18,213 | 267,059 | ||||||
Advanced Micro-Fabrication Equipment China, Cl A | 90,597 | 1,954,288 | ||||||
Amlogic Shanghai, Cl A | 69,620 | 612,350 | ||||||
ASR Microelectronics, Cl A * | 43,711 | 432,408 | ||||||
Beijing Kingsoft Office Software, Cl A | 48,247 | 2,142,474 | ||||||
Cambricon Technologies, Cl A * | 43,533 | 825,101 | ||||||
China Railway Signal & Communication, Cl A | 540,523 | 332,484 | ||||||
China Resources Microelectronics, Cl A | 110,356 | 692,612 | ||||||
Everdisplay Optronics Shanghai, Cl A * | 868,802 | 296,490 | ||||||
GalaxyCore, Cl A | 163,052 | 468,735 | ||||||
Guobo Electronics, Cl A | 7,486 | 83,611 | ||||||
Hwatsing Technology, Cl A | 19,930 | 525,358 | ||||||
Hygon Information Technology, Cl A | 192,618 | 1,920,067 | ||||||
Jinko Solar, Cl A | 417,988 | 520,093 | ||||||
Loongson Technology, Cl A * | 29,946 | 465,175 | ||||||
Montage Technology, Cl A | 190,270 | 1,570,130 | ||||||
National Silicon Industry Group, Cl A * | 344,487 | 837,923 | ||||||
Piotech, Cl A | 19,561 | 635,399 |
56
Schedule of Investments (Unaudited) December 31, 2023
KraneShares SSE STAR Market 50 Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Qi An Xin Technology Group, Cl A * | 57,278 | $ | 322,483 | |||||
Shanghai BOCHU Electronic Technology, Cl A | 12,230 | 434,744 | ||||||
Shanghai Fudan Microelectronics Group, Cl A | 55,625 | 301,771 | ||||||
Shenzhen Transsion Holdings, Cl A | 67,426 | 1,310,530 | ||||||
SICC, Cl A * | 35,924 | 333,328 | ||||||
SUPCON Technology, Cl A | 114,978 | 732,280 | ||||||
Suzhou Novosense Microelectronics, Cl A | 17,873 | 418,791 | ||||||
Trina Solar, Cl A | 227,129 | 910,034 | ||||||
Verisilicon Microelectronics Shanghai, Cl A * | 62,668 | 439,695 | ||||||
Xinjiang Daqo New Energy, Cl A | 134,485 | 558,481 | ||||||
20,684,735 | ||||||||
Materials — 3.9% | ||||||||
Cathay Biotech, Cl A | 47,277 | 365,035 | ||||||
Western Superconducting Technologies, Cl A | 95,044 | 710,504 | ||||||
Zhongfu Shenying Carbon Fiber, Cl A | 26,334 | 112,095 | ||||||
1,187,634 | ||||||||
TOTAL CHINA | 28,814,557 | |||||||
TOTAL COMMON STOCK (Cost $37,564,557) | 28,814,557 | |||||||
TOTAL INVESTMENTS — 95.4% (Cost $37,564,557) | 28,814,557 | |||||||
OTHER ASSETS LESS LIABILITIES – 4.6% | 1,403,603 | |||||||
NET ASSETS - 100% | $ | 30,218,160 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
See “Glossary for abbreviations”.
KRS-QH-024-0600
57
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Hang Seng TECH Index ETF
Shares | Value | |||||||
COMMON STOCK — 90.0% ‡ | ||||||||
CHINA — 90.0% | ||||||||
Communication Services — 23.7% | ||||||||
Baidu, Cl A * | 15,650 | $ | 232,689 | |||||
Bilibili, Cl Z * | 6,680 | 80,072 | ||||||
China Literature * | 11,400 | 42,411 | ||||||
Kingsoft | 23,800 | 73,455 | ||||||
Kuaishou Technology, Cl B * | 34,300 | 232,589 | ||||||
NetEase | 12,805 | 230,566 | ||||||
Tencent Holdings | 12,500 | 469,998 | ||||||
Weibo, Cl A | 120 | 1,316 | ||||||
1,363,096 | ||||||||
Consumer Discretionary — 40.1% | ||||||||
Alibaba Group Holding | 53,000 | 513,130 | ||||||
East Buy Holding * | 11,000 | 39,162 | ||||||
Haier Smart Home, Cl H | 59,426 | 167,809 | ||||||
JD.com, Cl A | 36,810 | 530,325 | ||||||
Li Auto, Cl A * | 25,500 | 480,377 | ||||||
Meituan, Cl B * | 21,880 | 229,488 | ||||||
NIO, Cl A * | 2,500 | 23,564 | ||||||
Trip.com Group * | 3,400 | 120,873 | ||||||
XPeng, Cl A * | 28,500 | 206,946 | ||||||
2,311,674 | ||||||||
Consumer Staples — 4.2% | ||||||||
Alibaba Health Information Technology * | 134,000 | 72,761 | ||||||
JD Health International * | 27,100 | 135,699 | ||||||
Ping An Healthcare and Technology * | 15,100 | 34,344 | ||||||
242,804 | ||||||||
Financials — 0.8% | ||||||||
ZhongAn Online P&C Insurance, Cl H * | 21,100 | 48,207 | ||||||
Information Technology — 21.2% | ||||||||
BYD Electronic International | 20,000 | 93,743 | ||||||
GDS Holdings, Cl A * | 9,300 | 10,790 | ||||||
Hua Hong Semiconductor * | 16,000 | 38,686 | ||||||
Kingdee International Software Group * | 70,000 | 102,016 | ||||||
Lenovo Group | 164,000 | 229,349 | ||||||
SenseTime Group, Cl B * | 547,000 | 81,260 | ||||||
Sunny Optical Technology Group | 17,440 | 158,240 |
58
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Hang Seng TECH Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Xiaomi, Cl B * | 253,400 | $ | 506,245 | |||||
1,220,329 | ||||||||
TOTAL CHINA | 5,186,110 | |||||||
TOTAL COMMON STOCK (Cost $5,193,908) | 5,186,110 | |||||||
TOTAL INVESTMENTS — 90.0% (Cost $5,193,908) | 5,186,110 | |||||||
OTHER ASSETS LESS LIABILITIES – 10.0% | 573,820 | |||||||
NET ASSETS - 100% | $ | 5,759,930 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
See “Glossary for abbreviations”.
KRS-QH-028-0600
59
Schedule of Investments (Unaudited) December 31, 2023
KraneShares China Innovation ETF
Shares | Value | |||||||
EXCHANGE - TRADED FUNDS — 98.1% | ||||||||
KraneShares CICC China 5G and Semiconductor Index ETF (A) | 12,862 | $ | 191,325 | |||||
KraneShares CSI China Internet ETF (A) | 15,695 | 423,765 | ||||||
KraneShares MSCI All China Health Care Index ETF (A) | 20,034 | 350,394 | ||||||
KraneShares MSCI China Clean Technology Index ETF (A) | 10,183 | 234,209 | ||||||
KraneShares SSE STAR Market 50 Index ETF * (A) | 9,856 | 121,016 | ||||||
TOTAL EXCHANGE - TRADED FUNDS (Cost $2,281,345) | 1,320,709 | |||||||
TOTAL INVESTMENTS — 98.1% (Cost $2,281,345) | 1,320,709 | |||||||
OTHER ASSETS LESS LIABILITIES – 1.9% | 25,189 | |||||||
NET ASSETS - 100% | $ | 1,345,898 |
* | Non-income producing security. |
(A) | Affiliated Investment. |
Transactions with affiliated companies during the period ended December 31, 2023 are as follows:
Value as of 3/31/2023 | Purchases at Cost | Proceeds from Sale | Change in Unrealized Appreciation/ (Depreciation) | Realized Gain/(Loss) | Value as of 12/31/2023 | Dividend Income | Capital Gain Distributions | |||||||||||||||||||||||
KraneShares CICC China 5G and Semiconductor Index ETF | ||||||||||||||||||||||||||||||
$ | 262,320 | $ | — | $ | (32,787 | ) | $ | (25,624 | ) | $ | (12,584 | ) | $ | 191,325 | $ | 501 | $ | — | ||||||||||||
KraneShares CSI China Internet ETF | ||||||||||||||||||||||||||||||
472,684 | 14,899 | — | (63,818 | ) | — | 423,765 | 7,238 | — | ||||||||||||||||||||||
KraneShares MSCI All China Health Care Index ETF | ||||||||||||||||||||||||||||||
368,272 | 37,900 | — | (55,778 | ) | — | 350,394 | 2,261 | — | ||||||||||||||||||||||
KraneShares MSCI China Clean Technology Index ETF | ||||||||||||||||||||||||||||||
320,491 | — | (29,064 | ) | (41,412 | ) | (15,806 | ) | 234,209 | 1,742 | — | ||||||||||||||||||||
KraneShares SSE STAR Market 50 Index ETF | ||||||||||||||||||||||||||||||
172,534 | — | (4,447 | ) | (44,518 | ) | (2,553 | ) | 121,016 | — | — | ||||||||||||||||||||
$ | 1,596,301 | $ | 52,799 | $ | (66,298 | ) | $ | (231,150 | ) | $ | (30,943 | ) | $ | 1,320,709 | $ | 11,742 | — |
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
KRS-QH-032-0500
60
Schedule of Investments (Unaudited) December 31, 2023
KraneShares S&P Pan Asia Dividend Aristocrats ETF
Shares | Value | |||||||
COMMON STOCK — 99.6% ‡ | ||||||||
AUSTRALIA — 17.8% | ||||||||
Communication Services — 2.1% | ||||||||
CAR Group | 2,600 | $ | 55,246 | |||||
Financials — 1.6% | ||||||||
Steadfast Group | 10,859 | 43,124 | ||||||
Health Care — 3.2% | ||||||||
EBOS Group | 1,286 | 28,905 | ||||||
Sonic Healthcare | 2,600 | 56,914 | ||||||
85,819 | ||||||||
Industrials — 1.2% | ||||||||
Computershare | 1,970 | 32,786 | ||||||
Information Technology — 1.8% | ||||||||
Altium | 857 | 27,397 | ||||||
Technology One | 1,909 | 20,021 | ||||||
47,418 | ||||||||
Materials — 3.5% | ||||||||
Brickworks | 3,032 | 57,846 | ||||||
Northern Star Resources | 3,896 | 36,288 | ||||||
94,134 | ||||||||
Real Estate — 1.9% | ||||||||
Charter Hall Group † | 6,047 | 49,679 | ||||||
Utilities — 2.5% | ||||||||
APA Group | 11,453 | 66,740 | ||||||
TOTAL AUSTRALIA | 474,946 | |||||||
CHINA — 18.2% | ||||||||
Consumer Discretionary — 2.4% | ||||||||
Bosideng International Holdings | 144,000 | 64,729 | ||||||
Financials — 2.1% | ||||||||
Ping An Insurance Group of China, Cl H | 12,000 | 54,325 | ||||||
Health Care — 7.9% | ||||||||
China Medical System Holdings | 52,000 | 92,166 | ||||||
CSPC Pharmaceutical Group | 38,000 | 35,330 | ||||||
Sinopharm Group, Cl H | 31,600 | 82,758 | ||||||
210,254 | ||||||||
Real Estate — 2.4% | ||||||||
China Resources Land | 18,000 | 64,545 |
61
Schedule of Investments (Unaudited) December 31, 2023
KraneShares S&P Pan Asia Dividend Aristocrats ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities — 3.4% | ||||||||
Guangdong Investment | 124,000 | $ | 90,198 | |||||
TOTAL CHINA | 484,051 | |||||||
HONG KONG — 11.3% | ||||||||
Financials — 0.9% | ||||||||
AIA Group | 2,800 | 24,401 | ||||||
Industrials — 1.6% | ||||||||
Techtronic Industries | 3,500 | 41,708 | ||||||
Real Estate — 2.3% | ||||||||
Swire Properties | 30,600 | 61,917 | ||||||
Utilities — 6.5% | ||||||||
CK Infrastructure Holdings | 19,500 | 107,882 | ||||||
Hong Kong & China Gas | 86,000 | 65,861 | ||||||
173,743 | ||||||||
TOTAL HONG KONG | 301,769 | |||||||
INDIA — 1.0% | ||||||||
Information Technology — 1.0% | ||||||||
Infosys ADR | 1,496 | 27,496 | ||||||
TOTAL INDIA | 27,496 | |||||||
INDONESIA — 1.3% | ||||||||
Financials — 1.3% | ||||||||
Bank Central Asia | 56,400 | 34,433 | ||||||
TOTAL INDONESIA | 34,433 | |||||||
JAPAN — 35.6% | ||||||||
Communication Services — 1.7% | ||||||||
Hakuhodo DY Holdings | 1,200 | 9,197 | ||||||
KDDI | 600 | 19,092 | ||||||
Nippon Telegraph & Telephone | 14,200 | 17,355 | ||||||
45,644 | ||||||||
Consumer Discretionary — 3.8% | ||||||||
Fujitsu General | 200 | 3,288 | ||||||
Open House Group | 500 | 14,836 | ||||||
Rinnai | 300 | 6,954 | ||||||
Sekisui Chemical | 1,200 | 17,300 | ||||||
Sekisui House | 1,200 | 26,659 | ||||||
Seria | 600 | 11,189 | ||||||
TS Tech | 1,800 | 21,782 | ||||||
102,008 |
62
Schedule of Investments (Unaudited) December 31, 2023
KraneShares S&P Pan Asia Dividend Aristocrats ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Staples — 4.0% | ||||||||
Asahi Group Holdings | 400 | $ | 14,919 | |||||
Kao | 400 | 16,456 | ||||||
Lion | 800 | 7,425 | ||||||
Morinaga | 800 | 14,518 | ||||||
Seven & i Holdings | 200 | 7,937 | ||||||
Sundrug | 500 | 16,073 | ||||||
Takara Holdings | 2,100 | 18,456 | ||||||
Welcia Holdings | 300 | 5,248 | ||||||
Yakult Honsha | 200 | 4,493 | ||||||
105,525 | ||||||||
Financials — 4.0% | ||||||||
Chiba Bank | 1,800 | 13,004 | ||||||
SBI Holdings | 1,400 | 31,499 | ||||||
Tokio Marine Holdings | 900 | 22,529 | ||||||
Tokyo Century | 2,000 | 21,663 | ||||||
Zenkoku Hosho | 500 | 18,850 | ||||||
107,545 | ||||||||
Health Care — 3.2% | ||||||||
Alfresa Holdings | 1,400 | 23,798 | ||||||
Astellas Pharma | 1,100 | 13,155 | ||||||
Mani | 600 | 9,082 | ||||||
Medipal Holdings | 1,000 | 16,212 | ||||||
Shionogi | 200 | 9,644 | ||||||
Ship Healthcare Holdings | 400 | 6,831 | ||||||
Terumo | 200 | 6,557 | ||||||
85,279 | ||||||||
Industrials — 5.1% | ||||||||
Benefit One | 700 | 10,539 | ||||||
COMSYS Holdings | 1,300 | 28,678 | ||||||
EXEO Group | 1,300 | 28,908 | ||||||
Hikari Tsushin | 100 | 16,584 | ||||||
Kurita Water Industries | 100 | 3,915 | ||||||
Sanwa Holdings | 2,200 | 33,371 | ||||||
SHO-BOND Holdings | 300 | 13,336 | ||||||
135,331 | ||||||||
Information Technology — 4.4% | ||||||||
Azbil | 400 | 13,239 | ||||||
Murata Manufacturing | 600 | 12,738 | ||||||
NEC Networks & System Integration | 1,100 | 18,562 | ||||||
Nomura Research Institute | 300 | 8,727 | ||||||
NTT Data Group | 400 | 5,672 | ||||||
Oracle Japan * | 200 | 15,421 |
63
Schedule of Investments (Unaudited) December 31, 2023
KraneShares S&P Pan Asia Dividend Aristocrats ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Otsuka | 500 | $ | 20,616 | |||||
SCSK | 800 | 15,866 | ||||||
TIS | 300 | 6,611 | ||||||
117,452 | ||||||||
Materials — 3.1% | ||||||||
Nippon Sanso Holdings | 700 | 18,749 | ||||||
Nissan Chemical | 400 | 15,622 | ||||||
Nitto Denko | 300 | 22,450 | ||||||
Shin-Etsu Chemical | 600 | 25,182 | ||||||
82,003 | ||||||||
Real Estate — 5.6% | ||||||||
Aeon Mall | 1,200 | 15,083 | ||||||
Hulic | 2,500 | 26,183 | ||||||
Japan Metropolitan Fund Invest † | 29 | 20,961 | ||||||
Japan Real Estate Investment † | 5 | 20,712 | ||||||
Mori Hills REIT Investment, Cl A † | 18 | 17,901 | ||||||
Nomura Real Estate Holdings | 900 | 23,678 | ||||||
Tokyo Tatemono | 1,600 | 23,969 | ||||||
148,487 | ||||||||
Utilities — 0.7% | ||||||||
Nippon Gas | 1,100 | 18,160 | ||||||
TOTAL JAPAN | 947,434 | |||||||
NEW ZEALAND — 1.3% | ||||||||
Health Care — 1.3% | ||||||||
Fisher & Paykel Healthcare | 2,233 | 33,366 | ||||||
TOTAL NEW ZEALAND | 33,366 | |||||||
PHILIPPINES — 2.3% | ||||||||
Industrials — 2.3% | ||||||||
International Container Terminal Services | 13,880 | 61,862 | ||||||
TOTAL PHILIPPINES | 61,862 | |||||||
TAIWAN — 10.0% | ||||||||
Financials — 1.5% | ||||||||
Chailease Holding | 6,120 | 38,486 | ||||||
Information Technology — 8.5% | ||||||||
Advantech | 4,300 | 52,116 | ||||||
Sinbon Electronics | 6,000 | 58,455 |
64
Schedule of Investments (Unaudited) December 31, 2023
KraneShares S&P Pan Asia Dividend Aristocrats ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Information Technology (continued) | ||||||||
Wistron | 36,000 | $ | 115,658 | |||||
226,229 | ||||||||
TOTAL TAIWAN | 264,715 | |||||||
THAILAND — 0.8% | ||||||||
Financials — 0.8% | ||||||||
Krungthai Card | 17,400 | 22,175 | ||||||
TOTAL THAILAND | 22,175 | |||||||
TOTAL COMMON STOCK (Cost $2,487,282) | 2,652,247 | |||||||
TOTAL INVESTMENTS — 99.6% (Cost $2,487,282) | 2,652,247 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.4% | 9,862 | |||||||
NET ASSETS - 100% | $ | 2,662,109 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. | |
† | Real Estate Investment Trust |
See “Glossary” for abbreviations.
KRS-QH-035-0300
65
Schedule of Investments (Unaudited) December 31, 2023
KraneShares China Internet and Covered Call Strategy ETF
Shares | Value | |||||||
EXCHANGE - TRADED FUND — 101.4% | ||||||||
KraneShares CSI China Internet ETF (A) | 4,727,712 | $ | 127,648,224 | |||||
TOTAL EXCHANGE - TRADED FUND (Cost $128,725,927) | 127,648,224 | |||||||
TOTAL INVESTMENTS — 101.4% (Cost $128,725,927) | 127,648,224 | |||||||
OTHER ASSETS LESS LIABILITIES – (1.4)% | (1,786,433 | ) | ||||||
NET ASSETS - 100% | $ | 125,861,791 | ||||||
WRITTEN OPTIONS— (3.9)% (Premiums Received $(5,239,396)) | $ | (4,891,305 | ) |
(A) | Affiliated Investment. |
Written options contracts outstanding as of December 31, 2023 were as follows:
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Market Value | |||||||||||||
WRITTEN OPTIONS — (3.9)% | ||||||||||||||||||
Call Options | ||||||||||||||||||
KWEB US* | (13,280) | (35,856,000 | ) | $ | 27.67 | 01/05/24 | $ | (393,885 | ) | |||||||||
KWEB US* | (4,022) | (10,859,400 | ) | 26.69 | 01/12/24 | (379,355 | ) | |||||||||||
KWEB US* | (942) | (2,543,400 | ) | 26.81 | 01/19/24 | (96,442 | ) | |||||||||||
KWEB US* | (2,285) | (6,169,500 | ) | 27.34 | 01/19/24 | (180,446 | ) | |||||||||||
KWEB US* | (7,175) | (19,372,500 | ) | 25.81 | 01/26/24 | (1,293,150 | ) | |||||||||||
KWEB US* | (1,256) | (3,391,200 | ) | 26.04 | 01/26/24 | (207,655 | ) | |||||||||||
KWEB US* | (942) | (2,543,400 | ) | 26.06 | 01/26/24 | (154,563 | ) | |||||||||||
KWEB US* | (302) | (815,400 | ) | 25.93 | 02/02/24 | (56,115 | ) | |||||||||||
KWEB US* | (604) | (1,630,800 | ) | 26.64 | 02/02/24 | (87,538 | ) | |||||||||||
KWEB US* | (16,469) | (2,042,156 | ) | 27.00 | 02/02/24 | (2,042,156 | ) | |||||||||||
Total Written Options (Premiums Received $5,239,396) | $ | (4,891,305 | ) |
Transactions with affiliated companies during the period ended December 31, 2023 are as follows:
Value as of 3/31/2023 | Purchases at Cost | Proceeds from Sale | Change in Unrealized Appreciation/ (Depreciation) | Realized Gain/(Loss) | Value as of 12/31/2023 | Dividend Income | Capital Gain Distributions | |||||||||||||||||||||||
KraneShares CSI China Internet ETF | ||||||||||||||||||||||||||||||
$ | 5,642,645 | $ | 331,740,803 | $ | (202,716,627 | ) | $ | (749,672 | ) | $ | (6,268,925 | ) | $ | 127,648,224 | $ | 1,980,604 | $ | — |
Amounts designated as “—” are $0 or have been rounded to $0.
KRS-QH-037-0200
66
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Dynamic Emerging Markets Strategy ETF
Shares | Value | |||||||
EXCHANGE - TRADED FUNDS — 99.1% | ||||||||
KraneShares MSCI All China Index ETF (A) | 112,596 | $ | 2,050,249 | |||||
KraneShares MSCI Emerging Markets ex China Index ETF (A) | 56,867 | 1,621,392 | ||||||
TOTAL EXCHANGE - TRADED FUNDS (Cost $3,726,952) | 3,671,641 | |||||||
TOTAL INVESTMENTS — 99.1% (Cost $3,726,952) | 3,671,641 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.9% | 34,720 | |||||||
NET ASSETS - 100% | $ | 3,706,361 |
(A) | Affiliated Investment. |
Transactions with affiliated companies during the period ended December 31, 2023 are as follows:
Change in | ||||||||||||||||||||||||||||||
Value | Unrealized | Value | Capital | |||||||||||||||||||||||||||
as of | Purchases at | Proceeds | Appreciation/ | Realized | as of | Dividend | Gain | |||||||||||||||||||||||
8/25/2023 | Cost | from Sale | (Depreciation) | Gain/(Loss) | 12/31/2023 | Income | Distributions | |||||||||||||||||||||||
KraneShares MSCI All China Index ETF | ||||||||||||||||||||||||||||||
$ | — | $ | 4,550,666 | $ | (2,374,475 | ) | $ | (169,806 | ) | $ | 43,864 | $ | 2,050,249 | $ | 69,182 | $ | — | |||||||||||||
KraneShares MSCI Emerging Markets ex China Index ETF | ||||||||||||||||||||||||||||||
— | 3,137,413 | (1,643,938 | ) | 114,495 | 13,422 | 1,621,392 | 32,365 | — | ||||||||||||||||||||||
$ | — | $ | 7,688,079 | $ | (4,018,413 | ) | $ | (55,311 | ) | $ | 57,286 | $ | 3,671,641 | $ | 101,547 | $ | — |
Amounts designated as “—” are $0 or have been rounded to $0.
KRS-QH-038-0100
67
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Global Luxury Index ETF
Shares | Value | |||||||
COMMON STOCK — 97.7% ‡ | ||||||||
CHINA — 0.4% | ||||||||
Consumer Discretionary — 0.4% | ||||||||
Chow Tai Fook Jewellery Group | 8,600 | $ | 12,798 | |||||
TOTAL CHINA | 12,798 | |||||||
DENMARK — 1.6% | ||||||||
Consumer Discretionary — 1.6% | ||||||||
Pandora | 374 | 51,719 | ||||||
TOTAL DENMARK | 51,719 | |||||||
FRANCE — 37.5% | ||||||||
Consumer Discretionary — 8.9% | ||||||||
Hermes International | 68 | 144,134 | ||||||
Kering | 315 | 138,838 | ||||||
282,972 | ||||||||
Consumer Staples — 4.5% | ||||||||
Pernod Ricard | 724 | 127,763 | ||||||
Remy Cointreau | 105 | 13,339 | ||||||
141,102 | ||||||||
Financials — 10.1% | ||||||||
LVMH Moet Hennessy Louis Vuitton | 397 | 321,719 | ||||||
Health Care — 4.5% | ||||||||
EssilorLuxottica | 708 | 142,029 | ||||||
Materials — 9.5% | ||||||||
L’Oreal | 609 | 303,168 | ||||||
TOTAL FRANCE | 1,190,990 | |||||||
GERMANY — 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
HUGO BOSS | 282 | 21,015 | ||||||
TOTAL GERMANY | 21,015 | |||||||
HONG KONG — 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Melco Resorts & Entertainment ADR * | 2,219 | 19,683 | ||||||
TOTAL HONG KONG | 19,683 | |||||||
ITALY — 8.3% | ||||||||
Consumer Discretionary — 7.4% | ||||||||
Brunello Cucinelli | 165 | 16,149 | ||||||
Ferrari | 419 | 141,262 | ||||||
Moncler | 1,029 | 63,314 |
68
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Global Luxury Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Consumer Discretionary (continued) | ||||||||
PRADA | 2,400 | $ | 13,723 | |||||
234,448 | ||||||||
Consumer Staples — 0.9% | ||||||||
Davide Campari-Milano | 2,559 | 28,876 | ||||||
TOTAL ITALY | 263,324 | |||||||
JAPAN — 5.0% | ||||||||
Consumer Discretionary — 0.3% | ||||||||
Casio Computer | 1,000 | 8,678 | ||||||
Consumer Staples — 4.7% | ||||||||
Kao | 2,100 | 86,395 | ||||||
Shiseido | 2,100 | 63,337 | ||||||
149,732 | ||||||||
TOTAL JAPAN | 158,410 | |||||||
MACAU — 2.9% | ||||||||
Consumer Discretionary — 2.9% | ||||||||
Galaxy Entertainment Group | 10,000 | 56,028 | ||||||
Sands China * | 12,400 | 36,286 | ||||||
TOTAL MACAU | 92,314 | |||||||
SINGAPORE — 0.6% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Genting Singapore | 26,200 | 19,862 | ||||||
TOTAL SINGAPORE | 19,862 | |||||||
SWITZERLAND — 8.5% | ||||||||
Consumer Discretionary — 8.5% | ||||||||
Cie Financiere Richemont, Cl A | 1,691 | 232,559 | ||||||
Swatch Group | 135 | 36,667 | ||||||
TOTAL SWITZERLAND | 269,226 | |||||||
UNITED KINGDOM — 8.3% | ||||||||
Consumer Discretionary — 1.4% | ||||||||
Burberry Group | 1,898 | 34,261 | ||||||
Watches of Switzerland Group * | 1,113 | 10,052 | ||||||
44,313 | ||||||||
Consumer Staples — 6.9% | ||||||||
Diageo | 6,017 | 219,068 | ||||||
TOTAL UNITED KINGDOM | 263,381 |
69
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Global Luxury Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
UNITED STATES — 23.4% | ||||||||
Consumer Discretionary — 17.7% | ||||||||
Boyd Gaming | 365 | $ | 22,853 | |||||
Caesars Entertainment * | 1,095 | 51,334 | ||||||
Capri Holdings * | 549 | 27,582 | ||||||
Deckers Outdoor * | 104 | 69,517 | ||||||
Las Vegas Sands | 1,457 | 71,699 | ||||||
MGM Resorts International * | 1,302 | 58,173 | ||||||
Penn Entertainment * | 743 | 19,333 | ||||||
Ralph Lauren, Cl A | 192 | 27,686 | ||||||
Red Rock Resorts, Cl A | 238 | 12,692 | ||||||
Samsonite International * | 6,900 | 22,754 | ||||||
Signet Jewelers | 199 | 21,344 | ||||||
Tapestry | 1,098 | 40,417 | ||||||
Vail Resorts | 184 | 39,278 | ||||||
VF | 1,982 | 37,262 | ||||||
Wynn Resorts | 460 | 41,911 | ||||||
563,835 | ||||||||
Consumer Staples — 5.7% | ||||||||
Coty, Cl A * | 1,880 | 23,350 | ||||||
Estee Lauder, Cl A | 977 | 142,886 | ||||||
Inter Parfums | 90 | 12,961 | ||||||
179,197 | ||||||||
TOTAL UNITED STATES | 743,032 | |||||||
TOTAL COMMON STOCK (Cost $2,911,414) | 3,105,754 | |||||||
TOTAL INVESTMENTS — 97.7% (Cost $2,911,414) | 3,105,754 | |||||||
OTHER ASSETS LESS LIABILITIES – 2.3% | 73,321 | |||||||
NET ASSETS - 100% | $ | 3,179,075 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. | |
* | Non-income producing security. |
KRS-QH-039-0100
70
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Value Line® Dynamic Dividend Equity Index ETF
Shares | Value | |||||||
COMMON STOCK — 99.5% ‡ | ||||||||
UNITED STATES — 99.5% | ||||||||
Communication Services — 2.0% | ||||||||
Comcast, Cl A | 14,143 | $ | 620,171 | |||||
Consumer Discretionary — 10.0% | ||||||||
Amazon.com * | 7,558 | 1,148,363 | ||||||
Big Lots | 80,903 | 630,234 | ||||||
Home Depot | 2,172 | 752,707 | ||||||
Lowe’s | 2,655 | 590,870 | ||||||
3,122,174 | ||||||||
Consumer Staples — 2.1% | ||||||||
Altria Group | 6,860 | 276,733 | ||||||
Coca-Cola | 2,195 | 129,351 | ||||||
Kimberly-Clark | 2,151 | 261,368 | ||||||
667,452 | ||||||||
Energy — 1.4% | ||||||||
DT Midstream | 7,989 | 437,797 | ||||||
Financials — 10.4% | ||||||||
Annaly Capital Management † | 24,834 | 481,035 | ||||||
CME Group, Cl A | 2,330 | 490,698 | ||||||
Eversource Energy | 4,160 | 256,755 | ||||||
Goldman Sachs Group | 1,598 | 616,460 | ||||||
JPMorgan Chase | 5,146 | 875,335 | ||||||
T Rowe Price Group | 4,729 | 509,266 | ||||||
3,229,549 | ||||||||
Health Care — 6.6% | ||||||||
AbbVie | 2,959 | 458,556 | ||||||
Bristol-Myers Squibb | 5,388 | 276,458 | ||||||
CVS Health | 3,754 | 296,416 | ||||||
Gilead Sciences | 5,529 | 447,904 | ||||||
Pfizer | 20,241 | 582,739 | ||||||
2,062,073 | ||||||||
Industrials — 19.6% | ||||||||
Cummins | 2,086 | 499,743 | ||||||
Emerson Electric | 5,586 | 543,685 | ||||||
Fastenal | 7,903 | 511,877 | ||||||
Honeywell International | 1,730 | 362,798 | ||||||
Illinois Tool Works | 2,067 | 541,430 | ||||||
MSC Industrial Direct, Cl A | 4,667 | 472,580 | ||||||
PACCAR | 5,260 | 513,639 | ||||||
Parker-Hannifin | 1,142 | 526,119 | ||||||
Paychex | 3,916 | 466,435 |
71
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Value Line® Dynamic Dividend Equity Index ETF (continued)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Industrials (continued) | ||||||||
Robert Half | 5,591 | $ | 491,561 | |||||
RTX | 3,721 | 313,085 | ||||||
Snap-on | 850 | 245,514 | ||||||
Union Pacific | 559 | 137,302 | ||||||
Watsco | 1,150 | 492,741 | ||||||
6,118,509 | ||||||||
Information Technology — 20.0% | ||||||||
Adobe * | 1,128 | 672,965 | ||||||
Analog Devices | 2,919 | 579,597 | ||||||
Apple | 6,821 | 1,313,247 | ||||||
Cisco Systems | 12,612 | 637,158 | ||||||
Intuit | 1,011 | 631,905 | ||||||
Juniper Networks | 15,920 | 469,322 | ||||||
Microsoft | 3,506 | 1,318,396 | ||||||
Texas Instruments | 3,596 | 612,974 | ||||||
6,235,564 | ||||||||
Materials — 4.0% | ||||||||
Air Products and Chemicals | 1,902 | 520,768 | ||||||
Packaging Corp of America | 1,554 | 253,162 | ||||||
Sonoco Products | 8,312 | 464,391 | ||||||
1,238,321 | ||||||||
Real Estate — 5.0% | ||||||||
American Tower † | 2,546 | 549,630 | ||||||
Crown Castle † | 4,183 | 481,840 | ||||||
Service Properties Trust † | 59,867 | 511,264 | ||||||
1,542,734 | ||||||||
Utilities — 18.4% | ||||||||
ALLETE | 7,499 | 458,639 | ||||||
American Electric Power | 6,187 | 502,508 | ||||||
Avista | 13,119 | 468,873 | ||||||
Black Hills | 8,517 | 459,492 | ||||||
CMS Energy | 4,281 | 248,598 | ||||||
Entergy | 4,704 | 475,998 | ||||||
Evergy | 9,081 | 474,028 | ||||||
New Jersey Resources | 4,960 | 221,117 | ||||||
NextEra Energy Partners | 18,351 | 558,054 | ||||||
OGE Energy | 12,882 | 449,968 | ||||||
Pinnacle West Capital | 6,162 | 442,678 | ||||||
Public Service Enterprise Group | 7,635 | 466,880 | ||||||
WEC Energy Group | 2,864 | 241,063 |
72
Schedule of Investments (Unaudited) December 31, 2023
KraneShares Value Line® Dynamic Dividend Equity Index ETF (concluded)
Shares | Value | |||||||
COMMON STOCK (continued) | ||||||||
Utilities (continued) | ||||||||
Xcel Energy | 4,000 | $ | 247,640 | |||||
5,715,536 | ||||||||
TOTAL UNITED STATES | 30,989,880 | |||||||
TOTAL COMMON STOCK (Cost $28,489,012) | 30,989,880 | |||||||
TOTAL INVESTMENTS — 99.5% (Cost $28,489,012) | 30,989,880 | |||||||
OTHER ASSETS LESS LIABILITIES – 0.5% | 171,023 | |||||||
NET ASSETS - 100% | $ | 31,160,903 |
‡ | Industries are utilized for compliance purposes, whereas sectors are utilized for reporting. |
* | Non-income producing security. |
† | Real Estate Investment Trust |
See “Glossary” for abbreviations.
KRS-QH-026-0600
73
Schedule of Investments (Unaudited) December 31, 2023
Glossary (abbreviations used in preceding Schedule of Investments):
Fund Abbreviations
ADR — American Depositary Receipt
BV — Business Value
BVI — Business Volume Indicator
Cl — Class
CNY — Chines Yuan
ETF — Exchange-Traded Fund
GDR — Global Depositary Receipt
H15T5Y — US Treas Yield Curve Rate T Note Const Mat 5 Yr
JSC — Joint-Stock Company
MTN — Medium Term Note
PJSC — Public Joint-Stock Company
PLC — Public Limited Company
USSW5 — USD Swap Semi 30/360 5 Yr Curr
74