ETF Evaluator:
KraneShares Asia AI Technology ETF (KAIT)
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(as of Oct 13)
Best Performing in Technology Over the Last Year
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ETF Details
KraneShares Asia AI Technology ETF Overview
KraneShares Asia AI Technology ETF (KAIT) is an actively managed Sector Equity Technology exchange-traded fund (ETF). KraneShares launched the ETF in 2026.
The investment seeks growth of capital.
Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the publicly-traded and privately offered securities of Asia AI Technology companies and other instruments that have economic characteristics similar to such securities. It is non-diversified.
About KraneShares Asia AI Technology ETF (KAIT)
There are 2 members of the management team with an average tenure of 0.12 years: James Maund (2026) and Jonathan Shelon (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive Asia AI Technology TR USD index with a weighting of 100%. KraneShares Asia AI Technology ETF has 53 securities in its portfolio. The top 10 holdings constitute 41.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
KraneShares Asia AI Technology ETF is part of the Equity global asset class and is within the Sector Equity ETF group. KraneShares Asia AI Technology ETF has 99.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). KraneShares Asia AI Technology ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
KAIT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The KraneShares Asia AI Technology ETF expense ratio is high compared to funds in the Technology category. KraneShares Asia AI Technology ETF has an expense ratio of 1.00%, which is 81% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. KraneShares Asia AI Technology ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 42% for the Technology category.
Recently, in the month of September 2026, KraneShares Asia AI Technology ETF returned 4.0%, which earned it a grade of C, as the Technology category had an average return of 3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
KraneShares Asia AI Technology ETF has a trailing yield of 0.00%, which is below the 0.45% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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KAIT Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| KAIT Return (NAV) | 4.0% | na | na | na | na | na |
| KAIT Return (Price) | 4.5% | na | na | na | na | na |
| NAV +/- Price Return | -0.508% | na | na | na | na | na |
| Technology Avg | 3.1% | -2.1% | 33.2% | 30.4% | 12.7% | 19.0% |
| KAIT Grade (NAV) | C | na | na | na | na | na |
| +/- Category (NAV) | 0.9% | na | na | na | na | na |
| KAIT Tax-Cost Ratio | na | na | na | na | na | na |
KAIT Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| KAIT Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| KAIT Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 32.6% | 23.1% | 20.0% | 43.5% | -35.4% | 17.3% | 51.6% | 37.9% | -3.3% | 32.3% | 15.5% |
| KAIT Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | na |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | Solactive Asia AI Technology TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Maund James (2026), Shelon Jonathan (2026) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 53 |
| % in Top 10 Holdings: | 41.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | KraneShares |
| Phone Number: | 855-857-2638 |
| Website: | http://www.kraneshares.com |
| Inception Date: | August 18, 2026 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.55% |
