{
  "crd_number": 157103,
  "slug": "krane-funds-advisors-llc-new-york-ny-157103",
  "primary_business_name": "KRANE FUNDS ADVISORS, LLC",
  "legal_name": "KRANE FUNDS ADVISORS, LLC",
  "dbas": [
    "KRANESHARES"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-02-01",
  "years_registered": 13,
  "period": "2026-10-01",
  "filing_date": "2026-07-24",
  "carried_forward": false,
  "raum_total": 11570871107.0,
  "raum_discretionary": 11570871107.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 50,
  "advisory_employees": 12,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 151363.0,
      "count": 10,
      "description": "SEPARATELY MANAGED PROPRIETARY SEED ACCOUNTS"
    },
    "investment_companies": {
      "raum": 10284026510.0,
      "count": 36
    },
    "pooled_investment_vehicles": {
      "raum": 1286693234.0,
      "count": 6
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "NY"
  ],
  "websites": [
    "https://chinalastnight.com",
    "https://climatemarketnow.com",
    "https://facebook.com/KraneShares",
    "https://instagram.com/kraneshares",
    "https://kfafunds.com",
    "https://kraneshares.ae",
    "https://kraneshares.com",
    "https://kraneshares.com.br",
    "https://kraneshares.eu",
    "https://linkedin.com/company/kraneshares",
    "https://linkedin.com/showcase/kfa-funds",
    "https://portfolios.kraneshares.com",
    "https://substack.com/@kraneshares",
    "https://tiktok.com/@kraneshares",
    "https://twitter.com/chinalastnight",
    "https://x.com/KRANESHARES",
    "https://youtube.com/c/Kraneshares"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157103",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/krane-funds-advisors-llc-new-york-ny-157103",
  "display_name": "Krane Funds Advisors, LLC",
  "summary": "Krane Funds Advisors, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.",
  "citation": "AdvisorCensus. Krane Funds Advisors, LLC (CRD 157103): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Krane Funds Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Krane Funds Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Krane Funds Advisors, LLC located?",
      "a": "Krane Funds Advisors, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Krane Funds Advisors, LLC registered with the SEC or a state?",
      "a": "Krane Funds Advisors, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 157103."
    },
    {
      "q": "How much does Krane Funds Advisors, LLC manage?",
      "a": "Krane Funds Advisors, LLC reports $11,570,871,107 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary)."
    },
    {
      "q": "How have Krane Funds Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Krane Funds Advisors, LLC: Regulatory assets under management: $6,545,899,592 in the October 2021 data and $11,570,871,107 in the October 2026 data, up 77%. Total employees: 39 in October 2021 and 50 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Krane Funds Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (36); other (10); pooled investment vehicles (other than investment companies and business development companies) (6)."
    },
    {
      "q": "Which custodians does Krane Funds Advisors, LLC use?",
      "a": "Krane Funds Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Krane Funds Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157103"
    },
    {
      "q": "What changed in Krane Funds Advisors, LLC's recent Form ADV filings?",
      "a": "In the August 2026 filing data: No longer lists an office in London. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 6545899592.0,
      "total_employees": 39,
      "filing_date": "2021-08-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 13413976974.0,
      "total_employees": 45,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 10230868216.0,
      "total_employees": 51,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8685571005.0,
      "total_employees": 47,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 7945815741.0,
      "total_employees": 50,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 11570871107.0,
      "total_employees": 50,
      "filing_date": "2026-07-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "No longer lists an office in London.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 13 to 12.",
        "Regulatory assets under management went from $7,945,815,741 to $11,570,871,107 (+46%).",
        "No longer lists an office in San Francisco, CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/krane-funds-advisors-llc-new-york-ny-157103.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 36,
      "fewer_than_5": false,
      "raum": 10284026510.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 1286693234.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 10,
      "fewer_than_5": false,
      "raum": 151363.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157103",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}