KCAI KraneShares China Alpha Index ETF
Quote as of Aug 26, 2026 13:30 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 32.87 | Day Range | 32.79 – 32.99 |
| 52-Week Range | 30.00 – 40.84 | Volume | 1.07K |
| Avg Volume | 3.65K | AUM | $3.3M (Aug 27, 2026) |
| Expense Ratio | 0.79% | Yield (TTM) | 32.72% |
| NAV | 33.17 | Premium/Discount | -0.53% indicative |
| Inception | Aug 27, 2024 | Holdings | 37 |
| Issuer | KraneShares | Exchange | AMEX |
| Category | Artificial Intelligence | Index Tracked | Not stated in source data |
| CUSIP | 500767397 | ISIN | US5007673974 |
| Management | Not stated in source data | ||
About this ETF
The KraneShares China Alpha Index ETF (KCAI) is designed to generate returns that surpass the CSI 300 Index. It achieves this by employing an advanced quantitative methodology, augmented by artificial intelligence, for its rigorous security selection and portfolio weighting process. The fund's investment universe originates from the CSI 300 China A-Shares, specifically excluding any companies currently under U.S. sanctions. Potential holdings are meticulously screened using a diverse set of criteria, including historical pricing data, fundamental financial indicators, prevailing market trends, complex mathematical parameters, market capitalization, and sector classification, among other relevant data points. A sophisticated algorithm then optimizes the portfolio's constituents and their respective weightings to enhance the probability of achieving total returns superior to the benchmark. KCAI primarily invests in a maximum of 50 China A-Shares, with each individual holding capped at 5% of the total assets, facilitated through the Stock Connect Programs. To further diversify or manage risk, up to 20% of the fund's assets may be allocated to other equity investments not present in the underlying index, various derivatives, shares of other investment companies or ETFs, or cash and cash equivalents. The ETF also retains the flexibility to engage in securities lending. Its underlying index is subject to monthly reconstitution and rebalancing, ensuring regular adjustments to the portfolio.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +1.76% | +1.85% | +4.10% | +8.23% | -6.65% | — | — | — | +15.21% |
| Total return | +1.76% | +1.85% | +4.10% | +8.23% | +26.93% | — | — | — | +35.94% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.79% | Annual cost of a $10,000 investment | $79.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 41 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | SUZHOU TFC OPTICAL COMMUNI-A | 300394.SZ | 3.91% | 3.20K | $130.0K |
| 2 | WUS PRINTED CIRCUIT KUNSHA-A | 002463.SZ | 3.31% | 6.10K | $110.0K |
| 3 | COSCO SHIPPING HOLDINGS CO-A | 601919.SS | 3.23% | 42.40K | $107.3K |
| 4 | NAURA TECHNOLOGY GROUP CO-A | 002371.SZ | 3.20% | 1.00K | $106.3K |
| 5 | SATELLITE CHEMICAL CO LTD-A | 002648.SZ | 3.18% | 26.30K | $105.6K |
| 6 | EOPTOLINK TECHNOLOGY INC L-A | 300502.SZ | 3.13% | 1.58K | $103.9K |
| 7 | CHONGQING RURAL COMMERCIAL-A | 601077.SS | 3.12% | 102.50K | $103.8K |
| 8 | CHINA CONSTRUCTION BANK-A | 601939.SS | 3.09% | 65.50K | $102.6K |
| 9 | BANK OF CHINA LTD-A | 601988.SS | 3.08% | 113.60K | $102.2K |
| 10 | AGRICULTURAL BANK OF CHINA-A | 601288.SS | 3.05% | 100.40K | $101.3K |
| 11 | BANK OF JIANGSU CO LTD-A | 600919.SS | 3.04% | 56.90K | $101.1K |
| 12 | BANK OF SHANGHAI CO LTD-A | 601229.SS | 3.03% | 69.50K | $100.7K |
| 13 | BANK OF NANJING CO LTD -A | 601009.SS | 3.02% | 57.20K | $100.2K |
| 14 | IND & COMM BK OF CHINA-A | 601398.SS | 3.01% | 86.50K | $100.0K |
| 15 | FUYAO GLASS INDUSTRY GROUP-A | 600660.SS | 2.95% | 11.60K | $98.0K |
| 16 | BANK OF COMMUNICATIONS CO-A | 601328.SS | 2.92% | 91.80K | $97.2K |
| 17 | SHANGHAI INTERNATIONAL POR-A | 600018.SS | 2.92% | 125.80K | $96.9K |
| 18 | BANK OF BEIJING CO LTD -A | 601169.SS | 2.90% | 127.30K | $96.4K |
| 19 | ZHEJIANG JUHUA CO-A | 600160.SS | 2.89% | 16.70K | $96.1K |
| 20 | CRRC CORP LTD-A | 601766.SS | 2.89% | 107.00K | $96.1K |
| 21 | CHINA CSSC HOLDINGS LTD-A | 600150.SS | 2.86% | 19.00K | $95.2K |
| 22 | CHINA GALAXY SECURITIES CO-A | 601881.SS | 2.86% | 53.00K | $95.2K |
| 23 | HUAXIA BANK CO LTD-A | 600015.SS | 2.85% | 94.80K | $94.6K |
| 24 | GUOTAI HAITONG SECURITIES CO | 601211.SS | 2.83% | 36.40K | $94.1K |
| 25 | DAQIN RAILWAY CO LTD -A | 601006.SS | 2.78% | 133.10K | $92.5K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 32.72% | Paid (last 12 months) | $10.7972 |
| Frequency | Irregular | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 30, 2025 | Last payment | $0.0806 (Dec 31, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 30, 2025 | Dec 30, 2025 | Dec 31, 2025 | $0.0806 |
| Dec 22, 2025 | Dec 22, 2025 | Dec 23, 2025 | $10.7166 |
| Dec 17, 2024 | Dec 17, 2024 | Dec 18, 2024 | $0.5927 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 13.84% / — | Sharpe 1Y / 3Y | 1.77 / — |
| Max drawdown 1Y / 3Y | -5.89% / — | Sortino 1Y | 2.89 |
| Beta vs S&P 500 (3Y) | 0.255 | Correlation vs S&P 500 (1Y) | 0.304 |
| Downside deviation 1Y | 8.49% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 1.07K | Average volume | 3.65K |
| AUM | $3.3M | Premium/Discount | -0.53% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $8.0K | +0.24% | $3.3M → $3.3M |
| 1 Week | $15.6K | +0.47% | $3.3M → $3.3M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for KCAI
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.