OBOR: KRANESHARES MSCI ONE BELT ONE ROAD INDEX ETF
What this ETF is trying to do
The KRANESHARES MSCI ONE BELT ONE ROAD INDEX ETF (ticker: OBOR) is an exchange-traded fund that tracks a specific index. While the exact goal isn't detailed in the data, it holds a variety of companies across different sectors. Based on its top holdings, the fund includes companies like Oversea-Chinese Banking Corp Ltd and Kuwait Finance House. This is a partial list of its holdings, which means there are other companies in the fund not shown here.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price.
• Total Return: This includes both the share price change and any cash distributions (dividends) paid out.
For OBOR, the numbers show:
• Year-to-Date (YTD): The YTD price return is approximately 1.47%. The YTD total return is also approximately 1.47%.
• One Year: The one-year price return was approximately 4.23%, while the one-year total return was higher at approximately 6.25%.
• Three Year: The three-year price return was approximately 30.91%, and the three-year total return was approximately 43.35%.
An estimated price from roughly one year ago was $25.82. The current price is $26.91.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. OBOR has a distribution yield of approximately 1.91%. This means the cash distributed is about 1.91% of the ETF's price. The trailing distributions were approximately $0.51 per share.
It is important to note that the distribution frequency for this ETF is "irregular" or "less frequent," with only one payout recorded in the last 12 months. A high yield alone does not guarantee that an investor will earn that same amount as a total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes look like erosion, they are not always the same thing.
For this ETF, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The fund has shown positive total returns over the one-year and three-year periods.
• The erosion-risk score suggests the fund is currently considered stable.
Cons
• Distributions are irregular and do not happen on a regular schedule.
• The list of top holdings is only a partial view of the total 126 holdings in the fund.
Beginner takeaway
When studying OBOR, remember that price returns and total returns are different. Total return is a more complete picture because it includes the cash distributions paid to you. Also, while this fund provides some income through its 1.91% yield, the payments are not frequent. Always look at both the price movement and the distributions to understand how an ETF is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | OVERSEA-CHINESE BANKING CORP LTD | n/a | 10.42% |
| 2 | KUWAIT FINANCE HOUSE | n/a | 9.31% |
| 3 | VALTERRA PLATINUM LTD | n/a | 5.03% |
| 4 | CHINA YANGTZE POWER CO LTD CLASS A | n/a | 4.67% |
| 5 | KGHM POLSKA MIEDZ SA | n/a | 4.00% |
| 6 | n/a | n/a | 3.99% |
| 7 | IMPALA PLATINUM HOLDINGS LTD | n/a | 2.79% |
| 8 | TATA MOTORS LTD | n/a | 2.69% |
| 9 | CHINA PETROLEUM & CHEMICAL CORP CLASS H | n/a | 1.90% |
| 10 | SINGAPORE TECHNOLOGIES ENGINEERING LTD | n/a | 1.71% |