KraneShares MSCI One Belt One Road Index ETF
$27.54−0.45 (−1.60%)
- Expense ratio
- 0.79%
- Fund size
- $4M
- 1Y return
- +15.2%
- Yield · Last 12 months
- 1.84%
- Holdings
- 129
- Volume · 30D
- 0M sh
- NAV per share
- $27.91
- 52W range
The ETF.net OBOR Grade
Score 26 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 18Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 11Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 55Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 31Category rank
Our read on OBOR
DA one-idea fund: the build-out of China's One Belt One Road. It buys companies worldwide (developed, emerging and frontier) whose revenue rides on China infrastructure, not just Chinese-listed names.
OBOR seeks to track the price and yield performance of an MSCI index designed to identify companies that may benefit from China’s One Belt One Road infrastructure initiative.
Why people hold it
- Launched in 2017 as a rare direct route to the Belt and Road theme, tracking MSCI's Global China Infrastructure Exposure Index.kraneshares.com
- The screen is revenue-based, not address-based: developed, emerging and frontier market companies with high revenue exposure to China infrastructure development.msci.com
- Roughly 130 holdings spread the theme across a supply chain rather than a handful of contractors.
Worth knowing
- At 0.79%, it costs more than the typical infrastructure ETF (cohort median 0.55%); broader peers like IGF (0.37%) and PAVE (0.47%) charge less.
- Small and thinly traded, so spreads can be wide and limit orders matter. Sub-scale funds also carry more closure risk than large ones.
- One policy program, one government's priorities drive the theme, and cash comes back only once or twice a year, not monthly.
OBOR Holdings
- Stocks
- 129
- 47%
- O39.SI
Sectors
- Materials27.1%
- Financials24.5%
- Industrials22.8%
- Utilities13.2%
- Energy8.5%
- Consumer Discr.3.5%
- Technology0.4%
Geography
- China39.25%
- Singapore12.71%
- South Africa10.88%
- Kuwait9.36%
- India7.29%
- Thailand4.45%
- Poland4.02%
- Israel2.71%
- 9.32%
Developed 15% · Emerging 85%
OBOR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OBOR |
|---|---|
| Year to date | +5.5% |
| 1 month | −0.8% |
| 3 months | +3.6% |
| 1 year | +15.2% |
| 3 years | +13.4% |
| 5 years | +1.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OBOR |
|---|---|---|
| 2026 YTD | +5.5% | |
| 2025 | +27.8% | |
| 2024 | +8.6% | |
| 2023 | −7.9% | |
| 2022 | −21.9% | |
| 2021 | +17.1% | |
| 2020 | +13.4% |
OBOR in the news
ETF.net Research hasn’t filed on OBOR yet — coverage lands here as it’s written.
OBOR Dividends
- 1.84%
- $0.51
- $0.51 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 22, 2025 | Dec 23, 2025 | $0.51 |
| Dec 17, 2024 | Dec 18, 2024 | $0.82 |
| Dec 18, 2023 | Dec 20, 2023 | $0.69 |
| Dec 28, 2022 | Dec 30, 2022 | $1.08 |
| Dec 29, 2021 | Dec 31, 2021 | $0.99 |
| Dec 29, 2020 | Dec 31, 2020 | $0.55 |
| Dec 27, 2019 | Dec 31, 2019 | $1.05 |
| Dec 26, 2018 | Dec 28, 2018 | $0.61 |
| Dec 19, 2017 | Dec 22, 2017 | $0.03 |
OBOR Risk
- 12.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.73
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −34.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OBOR Cost
- The middle half of Infrastructure funds
- Median 0.55%
26 of the 33 Infrastructure funds charge less.