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Launched · SEC filings

KraneShares MSCI One Belt One Road Index ETF

OBORNYSE ArcaKraneSharesD

$25.99−0.25 (−0.95%) past 5 days

At close: Nov 2, 2026, 4:00 PM ET

D25/ 100

Rank 31 of 34 in Infrastructure

D25/100Rank 31 of 34inInfrastructure
5D price: down, 22 points from 26.24 to 25.99. Range 25.99 to 26.36. Use the arrow keys to read each point.26.1026.2026.30Oct 27Oct 28Oct 29Oct 30Nov 2
Market opens at 9:30 AM ET.
Expense ratio
0.79%
Fund size
$4M
1Y total return
+3.9%
Yield · Last 12 months
1.98%
Holdings
114
Avg volume · 30D
669 sh
52W range
low $24.95high $30.07
Launched
Filings
SEC EDGAR

The ETF.net OBOR Grade

Based on 5 of 6 pillars

D

Score 25 out of 100

Category
Infrastructure⁠
Rank
31 of 34
Six-pillar profile for OBOR. Scores out of 100: Cost 17, Risk 30, Mission not scored, Tradability 15, Holdings 54, Durability 31. Strongest: Holdings (54). Weakest: Tradability (15). Based on 5 of 6 pillars.

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 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 28 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 27 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 32 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 16 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 26 of 34

Our read on OBOR

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 7, 2017

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$10,394
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. OBOR $10,394. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for OBOR. Periods over one year show the average yearly return.
PeriodOBOR
Year to date−2.0%
1 month−4.1%
3 months−2.1%
1 year+3.9%
3 yearsper year+12.4%
5 yearsper year−0.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OBOR
YearReturn barOBOR
2026 YTD−2.0%
2025+27.8%
2024+8.6%
2023−7.9%
2022−21.9%
2021+17.1%
2020+13.4%

OBOR in the news

OBOR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.98%Last 12 months
Payout per share
$0.51Last 12 months
Last payment
$0.51 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.03; Dec 26, 2018 $0.61; Dec 27, 2019 $1.05; Dec 29, 2020 $0.55; Dec 29, 2021 $0.99; Dec 28, 2022 $1.08; Dec 18, 2023 $0.69; Dec 17, 2024 $0.82; Dec 22, 2025 $0.51. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.51
Dec 17, 2024Dec 18, 2024$0.82
Dec 18, 2023Dec 20, 2023$0.69
Dec 28, 2022Dec 30, 2022$1.08
Dec 29, 2021Dec 31, 2021$0.99
Dec 29, 2020Dec 31, 2020$0.55
Dec 27, 2019Dec 31, 2019$1.05
Dec 26, 2018Dec 28, 2018$0.61
Dec 19, 2017Dec 22, 2017$0.03

$10,000 in OBOR 5 years ago paid $1,313 in dividends.

OBOR Risk

Risk pillarD30 out of 100Rank 27 of 34 in Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
12.4%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.68
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−34.0%
Trough Oct 2023
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.

How strongly the fund’s returns move with its asset-class index.
0.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

OBOR Cost

Compare OBOR and IFRA

Overpaying vs IFRA, cheapest in Infrastructure

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OBOR 0.79%

    $15,174

  • IFRA 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • OBOR 0.79%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OBOR $15,174IFRA $6,149

Year by year

YearOBORIFRAOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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