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Global ETF Survey 2026
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KCAI ETF · KraneShares China Alpha Index ETF
The KCAI Exchange Traded Fund (ETF) is provided by KraneShares. It is built to track an index: Qi China Alpha Index. The KCAI ETF provides physical exposure, so by buying it you actually own parts of all the 41 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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CLOSED
This fund is part ofChina Blended Cap1M perf.-5.02%
Last price
$31.29
1M perf.
-5.27%
1M flows
-€6.9M
AuM
€2.8M
TER
0.79%
Rating
Not rated
KCAI
$31.29
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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KCAI
$31.47
-0.69%
China Blended Cap
-2.21%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.27%  | -0.69% | +40.74%  | N/A | N/A | -0.85% | -0.85% | +3.38% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
7/2/2026
$31.47
1D NAV change
-1.19%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
41
Inception date
8/28/2024
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
KCAI tracks the Qi China Alpha Index, which seeks to outperform the CSI 300 Index by applying a systematic machine learning approach. KCAI’s index was developed by its index provider Quant Insight (Qi) to generate excess returns in China A-Shares through an alpha optimization filtering process combined with proprietary AI technology.​
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.69% | +40.74% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure
Countries
China
99.79%
Unavailable
0.21%
Sectors
Finance
38.94%
Industrials
25.65%
Technology
13.20%
Consumer Cyclicals
11.49%
Non-Energy Materials
9.17%
Healthcare
1.34%
Unavailable
0.21%
Diversification
Total weight of top 15 holdings out of 41
Top 15 holdings
Data as of May 31, 2026
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Sustainability
Integrates ESG criteria
No
SDG
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Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of June 30, 2026
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KCAI
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
KraneShares
KraneShares ID Card
Number of funds
47
Total AuM
€8.12B
Expense ratio range
0.3% - 1.27%
Average expense ratio
0.8396%
Top 5 funds by KraneShares
| AuM | ||
|---|---|---|
KWEB | KraneShares CSI China Internet ETF | €4.33B |
AGIX | KraneShares Public-Private AI & Technology ETF | €671M |
KWEB | KraneShares CSI China Internet UCITS ETF | €401M |
KMLM | KFA Mount Lucas Index Strategy ETF | €267M |
IVOL | Quadratic Interest Rate Volatility and Inflation Hedge ETF | €242M |
Frequently asked questions about KCAI
What does KraneShares China Alpha Index ETF, KCAI, invest in?
KCAI is a Passive ETF. This ETF provides exposure to Other Large Cap Chinese Equities.
Which benchmark or index does KCAI replicate?
KCAI tracks the Quant Insight China Alpha NTR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of KCAI?
KCAI carries a total expense ratio (TER) of 0.79%, indicating the annual cost for holding the fund.
When was KCAI launched?
KCAI was introduced to the market on August 28, 2024. It trades on United States
Who is the ETF issuer of KCAI?
KraneShares China Alpha Index ETF, KCAI, is provided by KraneShares. Learn more about KraneShares here.
What is the current assets under management (AUM) of KCAI?
KCAI oversees €2.8M in assets as of July 2, 2026.
How has KCAI performed lately?
Based on data from July 2, 2026, KCAI returned -5.27% over the past month, -0.69% over the last three months and 3.38% year-to-date.
What are the latest inflows or outflows for KCAI?
As of July 2, 2026, KCAI recorded net flows of -€7M over the last month and -€4.2M year-to-date.
Does KCAI distribute dividends?
KCAI follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 34.31%.
What are the main country or region exposures of KCAI?
As of May 31, 2026, KCAI has significant geographic allocations in China.
In which sector or theme does KCAI invest in?
As of May 31, 2026, KCAI focuses largely on Finance, Industrials and Technology.
How many securities does KCAI hold and how diversified is it?
As of May 31, 2026, KCAI holds 41 positions in its portfolio, with 48.87% of assets concentrated in its top 15 holdings.
What are the main positions in KCAI?
As of May 31, 2026, KCAI top three holdings include Suzhou TFC Optical Communication Co., Ltd., Zhongji Innolight Co., Ltd. and Eoptolink Technology Inc., Ltd..
What is the base currency of KCAI?
The base currency of KCAI is USD.
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