KraneShares MSCI China Clean Technology ETF (KGRN) is an exchange-traded fund that tracks the MSCI China IMI Environment 10/40 Index, providing investors with targeted exposure to Chinese companies deriving at least 50% of their revenues from environmentally beneficial products and services. The fund's holdings span five key clean technology themes, including alternative energy (such as electric vehicles from XPeng Inc., Li Auto Inc., NIO Inc., and BYD Co Ltd; lithium-ion batteries from Contemporary Amperex Technology Co. Ltd.; and solar and power generation from LONGi Green Energy Technology Co. Ltd. and China Yangtze Power Co. Ltd.), sustainable water, green building, pollution prevention, and energy efficiency; top holdings as of late 2025 include BYD Co Ltd-H (8.68%), Li Auto Inc. (8.09%), Contemporary Amperex Technology-A (7.27%), XPeng Inc. (6.89%), and China Yangtze Power Co Ltd-A (4.94%). Launched on October 12, 2017, and issued by KraneShares, a specialist investment manager focused on China and climate strategies with headquarters at 280 Park Avenue, 32nd Floor, New York, NY 10017, KGRN operates primarily in U.S. markets while targeting institutional and individual investors seeking diversification through China's dominant renewable energy sector. In recent developments, the fund distributed an annual dividend of $0.333429 per share on December 18, 2024; achieved a one-year total return of approximately 28.77% as of late 2025 amid China's clean energy contributing a record 10% to GDP in 2024; and benefited from KraneShares' expanded European listings of KGRN on exchanges in the UK, Italy, and Germany in late 2024 to broaden access to its clean technology strategy. KraneShares, founded in 2013, continues to emphasize thematic ETFs aligned with China's environmental commitments, such as CO2 emissions peaking before 2030 and carbon neutrality before 2060, with no major acquisitions or reorganizations reported for KGRN in the last 1-2 years.