What this ETF is trying to do

The KRANESHARES MSCI China Clean Technology Index ETF (KGRN) is designed to invest in companies involved in clean technology within China. This includes businesses focused on renewable energy and green technology. The fund holds a total of 51 different holdings.

What the numbers show

The current price of KGRN is $21.68. When looking at how the share price has moved, the data shows a downward trend over several timeframes:

• Year-to-Date (YTD) Price Return: The share price has declined by approximately 19.68%.

• One-Year Price Return: The share price has declined by approximately 31.05%. An estimated price from roughly one year ago was $31.44.

• Three-Year Price Return: The share price has declined by approximately 10.46%.

It is important to distinguish between price return (the change in the share price) and total return (which includes distributions). For KGRN, the one-year total return was approximately -30.47%, which is slightly different from the price return of -31.05%. The three-year total return was approximately -7.66%, while the three-year price return was -10.46%.

Income and distribution explanation

KGRN provides a distribution yield of approximately 1.06%. The trailing distributions over the last year were $0.23 per share. The distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because the payouts are not regular, this ETF may not be a consistent source of cash income.

NAV erosion explanation

The fund has a severe erosion-risk flag. This means that StockValueFinder's screening rules detected significant price deterioration. The fund has an erosion-risk score of 30, which is labeled as "significant price erosion."

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. While the market price of the shares has fallen significantly, we cannot use this alone to prove that the Net Asset Value (NAV) itself has declined.

Top Holdings

The following are the top holdings in the portfolio (note that this is a partial list):

• CGN Power Co Ltd Class H: 10.97%

• China Yangtze Power Co Ltd Class A: 10.08%

• BYD Co Ltd Class H: 7.63%

• China National Nuclear Power Co Ltd Class A: 5.18%

• China Everbright Environment Group Ltd: 4.55%

• China Longyuan Power Group Corp Ltd Class H: 4.36%

• Contemporary Amperex Technology Co Ltd Class A: 3.90%

• SDIC Power Holdings Co Ltd Class A: 3.89%

• Contemporary Amperex Technology Co Ltd Ordinary Shares Class H: 3.73%

• Sungrow Power Supply Co Ltd Class A: 3.73%

Holdings can change over time. This data was updated on October 12, 2026.

Pros

• Provides exposure to the Chinese clean technology sector.

• Includes large companies in the renewable energy space.

Cons

• The fund has experienced significant share-price declines over the last year and year-to-date.

• The distribution yield is relatively low, and payouts are irregular.

• A severe erosion-risk flag has been triggered due to price trends.

Beginner takeaway

KGRN focuses on clean energy in China, but recent data shows the share price has dropped significantly. While it pays some distributions, they are not frequent. Investors should be aware of the severe erosion-risk flag and the fact that high distribution yields do not guarantee that an investment's value will stay stable.