KHYB – KraneShares Asia Pacific Hi Inc USD ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a total return that, before fees and expenses, exceeds that of the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Corporate Index (the “underlying index”) over a complete market cycle. Under normal circumstances, the fund will invest at least 80% of its total assets (plus borrowings for investment purposes) in U.S. dollar-denominated fixed income securities of issuers located in the Asia-Pacific region and other instruments that have economic characteristics similar to such securities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
KHYB	KraneShares Asia Pacific High Income USD Bond ETF	ETF	Open			Jun 26, 2018	$15.29M	0.690%	—	—	−$9.63M

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