KraneShares MSCI One Belt One Road Index ETF
$26.93+0.04 (+0.15%)
- 0.79%
- $4M
- +6.6%
- 1.91%
- 0M sh
- $26.89
- low $24.95high $30.07
The ETF.net OBOR Grade
D
Score 25 out of 100
- 32 of 34
Score 25 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 25
- This cap took
- −0
- Published Score
- 25
Cost
The fund’s net expense ratio, ranked against its category.F18 out of 100Rank 28 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 28 of 34Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F9 out of 100Rank 33 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 14 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 26 of 34
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
- 114
- 45%
- O39.SI
Sectors
- Financials26.2%
- Materials24.9%
- Industrials22.9%
- Utilities14.0%
- Energy8.5%
- Consumer Discretionary3.2%
- Technology0.4%
Geography
- China41.31%
- Singapore12.39%
- Kuwait9.54%
- South Africa9.14%
- India7.13%
- Thailand4.36%
- Poland3.99%
- Israel2.69%
- 9.46%
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.
Not enough history yet.
OBOR$10,658
Returns run to the Oct 12, 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 | +1.4% |
| 1 month | −5.3% |
| 3 months | +3.7% |
| 1 year | +6.6% |
| 3 years | +12.9% |
| 5 years | +0.6% |
| 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 | +1.4% | |
| 2025 | +27.8% | |
| 2024 | +8.6% | |
| 2023 | −7.9% | |
| 2022 | −21.9% | |
| 2021 | +17.1% | |
| 2020 | +13.4% |
OBOR in the news
OBOR Dividends
- 1.91%
- $0.51
- $0.51 per share
- Annual
Distribution history
OBOR Risk
- 12.4%
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.
- 0.65
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.
- 0.70
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
0.79%
OBOR0.79%
- The middle half of Infrastructure funds
- Median 0.55%
26 of the 33 Infrastructure funds charge less.
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