KraneShares Asia Pacific High Income USD Bond ETF
KCCB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Jun 28, 2018
- CIK
- 0001547576
- Similar Companies
- Business
- KraneShares Trust - KraneShares Asia Pacific High Yield Bond ETF (KCCB) is an actively managed exchange-traded fund that provides exposure to USD-denominated high yield debt securities issued by corporate, quasi-sovereign, and sovereign issuers in the Asia-Pacific region, including high yield and unrated fixed income securities rated Ba1/BB+ or lower by at least one independent credit rating agency; the fund invests in securities with varying maturities and may include derivatives, other investment companies such as ETFs, and engage in securities lending. Launched in June 2018 under the original ticker KCCB as the KraneShares CCBS China Corporate High Yield Bond USD Index ETF tracking the Solactive USD China Corporate High Yield Bond Index, the fund transitioned to active management on August 1, 2021 with sub-advisor Nikko Asset Management Americas, Inc. (now Amova Asset Management, Inc.), expanded its scope beyond China to the broader Asia-Pacific high yield bond market benchmarked against the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Corporate Index, and underwent name changes including to KraneShares Asia Pacific High Income USD Bond ETF (KHYB) effective August 2, 2021 through July 31, 2024 before reverting to its current branding. KraneShares Trust, the registrant, maintains its principal executive offices at 280 Park Avenue, 32nd Floor, New York, New York 10017, with Krane Funds Advisors, LLC serving as investment manager since the firm's founding in 2013 (though some sources note 2012). The ETF targets investors seeking higher yields from the Asia high yield bond market, which features lower default rates compared to global peers, and operates primarily through U.S. exchanges with a total annual fund operating expense of 0.69% and monthly distributions; as of late 2024, net assets stood at approximately $17 million with holdings concentrated in top issuers such as Wynn Macau Ltd., Manappuram Finance Ltd., and Muthoot Finance Ltd.