ETF Evaluator:
Kraneshares Sust Ultra Shrt Dur Idx ETF ()
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(as of Nov 13)
Best Performing in Ultrashort Bond Over the Last Year
| 5.0% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
| 4.8% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 4.6% | American Century® Ultrashort Income ETF (FUSI) |
| 4.6% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 4.5% | VanEck IG Floating Rate ETF (FLTR) |
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ETF Details
Kraneshares Sust Ultra Shrt Dur Idx ETF Overview
Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH) is a passively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). KraneShares launched the ETF in 2024.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index.
Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of the underlying index and other instruments that have economic characteristics similar to those in the underlying index. The fund is non-diversified.
About Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH)
There are 2 members of the management team with an average tenure of 2.28 years: James Maund (2024) and Jonathan Shelon (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Solactive ISS SuS 0-1Y USD Cor IG TR USD index with a weighting of 100%. Kraneshares Sust Ultra Shrt Dur Idx ETF has 64 securities in its portfolio. The top 10 holdings constitute 28.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Kraneshares Sust Ultra Shrt Dur Idx ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Kraneshares Sust Ultra Shrt Dur Idx ETF has 14.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 67.3% (52.4% domestic bond, 14.9% foreign bond and 0.0% convertible bond). Kraneshares Sust Ultra Shrt Dur Idx ETF has 32.7% of the portfolio in cash.
Assets Under Management
The fund has $160 million in total assets, which is below the $5 billion average for the Ultrashort Bond 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.
KCSH 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 Sust Ultra Shrt Dur Idx ETF expense ratio is below average compared to funds in the Ultrashort Bond category. Kraneshares Sust Ultra Shrt Dur Idx ETF has an expense ratio of 0.20%, which is 9% lower than its category average, making the fund expense ratio grade a C. 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 Sust Ultra Shrt Dur Idx 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 59% for the Ultrashort Bond category.
Recently, in the month of October 2026, Kraneshares Sust Ultra Shrt Dur Idx ETF returned 0.4%, which earned it a grade of C, as the Ultrashort Bond category had an average return of 0.4%. 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 Sust Ultra Shrt Dur Idx ETF has a trailing yield of 3.83%, which is below the 3.96% category average.
The fund normally distributes its income monthly 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.
Kraneshares Sust Ultra Shrt Dur Idx ETF Grades
Year to date, the ETF has returned 3.0%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.7% over the past year (grade of D).
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KCSH Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| KCSH Return (NAV) | 0.4% | 0.9% | 3.7% | na | na | na |
| KCSH Return (Price) | 0.4% | 0.9% | 3.7% | na | na | na |
| NAV +/- Price Return | -0.040% | 0.040% | 0.003% | na | na | na |
| Ultrashort Bond Avg | 0.4% | 0.9% | 3.8% | 5.0% | 4.1% | 3.0% |
| KCSH Grade (NAV) | C | C | D | na | na | na |
| +/- Category (NAV) | -0.0% | 0.0% | -0.2% | na | na | na |
| KCSH Tax-Cost Ratio | na | na | 1.6% | na | na | na |
KCSH Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| KCSH Return (NAV) | 3.0% | 4.5% | na | na | na | na | na | na | na | na | na |
| KCSH Return (Price) | 3.0% | 3.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.026% | -0.157% | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 3.1% | 4.8% | 5.8% | 6.0% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| KCSH Grade (NAV) | D | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | -0.3% | 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: | 3.8% |
| Total Assets: | $ 160 Mil |
| Share Class Assets: | $ 160 Mil |
| Turnover: | na |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.3 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Maund James (2024), Shelon Jonathan (2024) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 64 |
| % in Top 10 Holdings: | 28.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 52.4% |
| Foreign Bond: | 14.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 32.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | KraneShares |
| Phone Number: | 855-857-2638 |
| Website: | http://www.kraneshares.com |
| Inception Date: | July 22, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.22% |
