KraneShares CICC China 5G & Semiconductor Index ETF
KFVG
New York Stock Exchange Arca- -
USD
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- -
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
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Nov 24, 2020
- CIK
- 0001547576
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares CICC China 5G & Semiconductor Index ETF (KFVG) is an exchange-traded fund that seeks to track the performance of the CICC China 5G and Semiconductor Leaders Index, which measures companies engaged in 5G and semiconductor-related businesses in China, including 5G equipment, semiconductors, electronic components, and big data centers. The ETF provides investors with exposure to Chinese companies listed across mainland China, Hong Kong, and the United States, primarily in the information technology sector with allocations to industrials and communication services; it targets growth and value stocks across diversified market capitalizations in these high-tech segments. KFVG trades on the New York Stock Exchange under the ticker KFVG with a net expense ratio of 0.65% (net of waivers through August 1, 2025), distributes dividends annually, and as of recent data holds net assets of approximately $7.9 million primarily in cash equivalents following operational wind-down. Launched on November 23, 2020, by Krane Funds Advisors, LLC (KraneShares), headquartered at 280 Park Avenue, 32nd Floor, New York, NY 10017, with additional offices in San Francisco and London, the ETF was developed in partnership with China International Capital Corporation (CICC), leveraging CICC's top-ranked research team. KraneShares, majority-owned by CICC and founded in 2013, specializes in China-focused ETFs and innovative strategies targeting China's economic trends, such as 5G adoption and semiconductor self-sufficiency under initiatives like Made in China 2025. In a major recent development, KraneShares Trust announced the liquidation and termination of KFVG on August 27, 2024, with shares ceasing trading on the NYSE on September 19, 2024, and final cash distributions to remaining shareholders on or about September 27, 2024, based on net asset value less transaction costs. Upon closure, the fund's portfolio shifted to 100% cash holdings, reflecting a strategic decision by the adviser amid low assets under management and market conditions; no new purchases were accepted post-closing date, limiting secondary market activity to select broker-dealers until liquidation. This operational change marks a significant wind-down for the ETF, which had initially surpassed $100 million in AUM shortly after inception but faced performance challenges, including negative returns since launch.