KraneShares Asia Pacific High Income USD Bond ETF
KHYB
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Alvaro Torres
- Full Time Employees
- 187
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Jul 9, 2018
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares Asia Pacific High Income USD Bond ETF (KHYB) is an actively managed exchange-traded fund that provides exposure to USD-denominated high yield debt securities issued by corporate, quasi-sovereign and sovereign entities in the Asia Pacific region excluding Japan; the fund invests primarily in high yield fixed income securities rated Ba1/BB+ or lower by at least one independent credit rating agency, employing fundamental and quantitative analysis with bottom-up and top-down security selection to construct its portfolio. KHYB benchmarks its performance against the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Corporate Index and distributes income on a monthly basis, targeting investors seeking higher yields from the Asia high yield bond market, which features lower default rates compared to global peers. The ETF trades on the NYSE under ticker KHYB with a total annual fund operating expense ratio of 0.69% and net assets of approximately $17 million as of recent data. Launched on June 26, 2018, and headquartered at 280 Park Avenue, 32nd Floor, New York, New York, KHYB operates as a series of KraneShares Trust, with sub-advisory management provided by Amova Asset Management, Inc.; Krane Funds Advisors, LLC serves as the primary investment adviser. The fund was formerly known as the KraneShares CCBS China Corporate High Yield Bond USD ETF prior to August 1, 2021, and as the KraneShares Asia Pacific High Income Bond ETF from August 2, 2021, to August 1, 2024, reflecting a strategic expansion in its investment mandate beyond China-focused high yield bonds to broader Asia Pacific high income USD-denominated debt. Top holdings as of late 2024 include Wynn Macau Ltd. 5 5/8% 08/26/28, Manappuram Finance Ltd. MTN 7 3/8% 05/12/28, and Muthoot Finance Ltd. 6 3/8% 04/23/29, alongside positions in issuers from India, Thailand, Indonesia, and other regional markets. KraneShares, the issuer founded in 2013, maintains offices in New York, San Francisco, and London, focusing on ETFs with exposure to China, climate, and uncorrelated assets through partnerships such as with Nikko Asset Management Americas, Inc. for related strategies; recent market dynamics include a decade-low in Asia high yield USD bond issuance during 2024, positioning the sector for potential appreciation amid constrained supply. The ETF has sustained monthly distributions, with a 12-month distribution rate of 9.21% and 30-day SEC yield of 5.87% as of December 2024 data, supported by ongoing portfolio adjustments to navigate regional credit conditions. KHYB serves institutional and individual investors pursuing income and diversification in emerging Asia fixed income, with geographic focus spanning China, India, Southeast Asia, and other ex-Japan Pacific markets.