KraneShares Trust - KraneShares E Fund China Commercial Paper ETF
KCNY
New York Stock Exchange Arca- -
USD
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Capital Structure
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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
- Dec 4, 2014
- CIK
- 0001547576
- Similar Companies
- Business
- KraneShares Trust - KraneShares E Fund China Commercial Paper ETF (KCNY) is an exchange-traded fund that provides investors with exposure to a diversified basket of investment-grade commercial paper denominated in onshore renminbi (RMB or CNY) issued by sovereign, quasi-sovereign, and corporate issuers in the People's Republic of China; the fund invests at least 80% of its total assets in such securities traded on China's inter-bank bond market, with remaining terms to maturity between one month and one year and an average weighted maturity of less than six months. KCNY seeks to preserve principal while offering attractive monthly distributions and daily liquidity, targeting investors with short-term horizons, money market allocations, or requirements for high-grade, RMB-denominated fixed income instruments rated investment-grade by Chinese credit rating agencies. The ETF tracks the CSI Diversified High Grade Commercial Paper Index and features a net expense ratio of 0.58%, with instruments selected for their high credit quality to minimize volatility. Launched on December 2, 2014, and listed on the New York Stock Exchange, KCNY operates as part of the KraneShares Trust, an ETF sponsor founded in 2013 and headquartered at 280 Park Avenue, 32nd Floor, New York, New York 10017; KraneShares partners with E Fund Management, one of China's largest asset managers with over $200 billion in assets under management as of late 2019, headquartered in Guangzhou with offices in Beijing, Shanghai, and Hong Kong. The fund focuses on China's onshore money market segment within the broader fixed income and global ex-U.S. bonds category, serving institutional and individual investors seeking RMB exposure amid China's economic growth; it emphasizes securities from the inter-bank market, providing a low-duration, principal-preserving alternative to traditional cash equivalents with yields historically around 2% as of 2020 data. In recent developments, KraneShares Trust has continued expanding its ETF suite without specific changes reported for KCNY itself, including the launch of new products like the KraneShares SSE STAR Market 50 Index ETF (KSTR) highlighting Chinese AI and semiconductor innovators in 2025, and the KraneShares Man Buyout Beta Index ETF (BUYO) in 2024 applying private equity strategies to U.S. equities; the firm also published 2025 estimated per-share distributions across its funds in December 2025 and maintains its strategic partnership with E Fund established at KCNY's inception.