KraneShares Bosera MSCI China A 50 Connect Index ETF

KBA is passively managed to provide US-listed physical A-share exposure that excludes small-caps. By definition, A-share ETFs hold stocks listed in Shanghai or Shenzhen. The parent index is a broad portfolio of large- and mid-cap, RMB-denominated A-shares that are weighted by market capitalization. Two of the largest stocks from each GICS sector are included in the index and the remaining stocks are selected by market capitalization until total security count reaches 50. Holdings are weighted based on their market-cap weights in the parent index, with sector weights adjusted to mirror that of the parent index. The index is rebalanced on a quarterly basis. Prior to December 26, 2017, KBA tracked an A-shares index without the MSCI EM inclusion constraint (MSCI China A International Index). On January 5, 2022, the fund started tracking a new index, which adds GICS sector diversification to its previously tracked MSCI China A Index.