At a glance
AGIX charges 1.0% a year, above the 0.54% average of the 8 funds most like it (the most expensive of 8). It has $807.4M in assets, the 3rd largest of that group; it paid 0.98% of its price in distributions over the past 12 months, annual. Over the past year it returned +15.4% with distributions reinvested (S&P 500: +11.5%), 5th of those 8 funds. Its ten largest positions make up 30.8% of the fund, out of 62 in all.
The short version
KraneShares Artificial Intelligence & Technology ETF (AGIX) tracks the Solactive Etna Artificial General Intelligence Index, a basket of AI-related technology stocks. It held 62 positions as of June 30, 2026, led by NVIDIA, Alphabet and Astera Labs. Two things set it apart. It aims to keep about 10% of its assets in private companies such as SpaceX. And at 1.00% a year, it cost the most of eight similar funds, which averaged 0.54%.
Price history
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AGIX +15.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AGIX official prospectus, to Dec 31, 2025 | — | +29.58% | — | — | — | +30.61% |
| S&P 500 Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +17.88% | — | — | — | +16.44% |
| Solactive Etna Artificial General Intelligence Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +23.73% | — | — | — | +26.06% |
| AGIX price data to Oct 27, 2026 | +23.2% | +15.4% | — | — | — | +30.7% |
- Over the year to Oct 27, 2026, AGIX returned +15.4%, 5th of 8 among similar funds.
- Its worst full calendar year was 2025 (+29.2%); its best was 2025 (+29.2%).
- The deepest fall in its price history was 31.5% (Feb 18, 2025 to Apr 8, 2025), recovered by Jun 27, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +23.2% | — |
| 2025 | +29.2% | +29.58% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.4400 |
What's inside
As of Jun 30, 2026, the fund held 62 securities; the ten largest made up 30.76% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORPORATION | 4.09% | |
| ALPHABET INC. | 3.44% | |
| Astera Labs, Inc | 3.18% | |
| META PLATFORMS, INC. | 3.17% | |
| MICROSOFT CORPORATION | 3.16% | |
| APPLE INC. | 2.93% | |
| AMAZON.COM, INC. | 2.83% | |
| Taiwan Semiconductor Manufacturing Company Limited | 2.72% | |
| ADVANCED MICRO DEVICES, INC. | 2.69% | |
| BROADCOM INC. | 2.54% | |
| SNOWFLAKE INC. | 2.46% | |
| SK hynix Inc. | 2.41% | |
| SPACE EXPLORATION TECHNOLOGIES CORP. | 2.36% | |
| Nebius Group N.V. | 2.23% | |
| TESLA, INC. | 2.22% |
By country
United States 84.84%Taiwan 4.33%South Korea 4.16%Netherlands 1.75%Japan 1.57%By asset type
Stocks 99.75%Preferred stock 0.25%By sector
Sectors of the companies held, for the 52% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $516.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.01%, +21.71%, +21.33%.
How it works
AGIX tracks the Solactive Etna Artificial General Intelligence Index, which is built in two steps. First, Solactive, an index firm, picks the eligible companies. They must be based or listed in developed markets such as the US, Japan, Taiwan and South Korea, and work in industries such as semiconductors, software, internet retail, motor vehicles or biotechnology. Each needs a free-float market value (the value of shares available to trade) of at least $2 billion. Each also needs at least $2 million of average daily trading. Next, the sub-adviser, Etna Capital Management, reads company filings and press releases. It then uses its own judgment to give each company an AI Exposure Score from zero to five. Companies scoring above zero are sorted into AI applications, AI hardware or AI infrastructure.
Each stock's weight equals its score multiplied by its free-float market value. No category may top 40%, and each stock must stay between 0.5% and 10%. The fund expects to hold every index stock. The prospectus warns that the index provider is affiliated with the adviser, Krane Funds Advisors, which could create a conflict of interest.
Outside the index, Krane aims to hold about 10% of assets in private companies. It often does this through special purpose vehicles, which are separate entities set up to hold the shares. As of June 30, 2026, a SpaceX vehicle made up 2.4% of the fund. Private shares are harder to value and to sell.
What it really costs
- AGIX charges 1% a year, versus an average of 0.54% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.99% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $102 in the first year and $1,225 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AGIX | $102 | $318 | $552 | $1,225 |
In a retirement portfolio
AGIX is a narrow, costly AI fund that moves about twice as much as the broad market, so it fits as a small add-on rather than a foundation.
AGIX launched in July 2024, so it has no record from the 2008, 2020 or 2022 downturns. Its only full calendar year, 2025, returned 29.58%, but the ride was rough. Shares fell 31.5% from February 18 to April 8, 2025, then recovered by June 27, about 2.6 months later. Over the year to October 27, 2026, its beta was 2.05, meaning it tended to move about twice as much as the broad market. Anyone forced to sell in a drop like that would lock in a large loss. The fund yielded 0.98% and pays once a year, so it adds little income. Its 1.00% expense ratio works out to about $1,225 over 10 years on $10,000, using the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, focused stake in AI chip, software and cloud companies such as NVIDIA, Alphabet, Astera Labs and Meta.
- People curious about pre-IPO companies: as of June 30, 2026, the fund held SpaceX through a private investment vehicle.
- Long-term holders who could sit through swings like the 31.5% drop from February to April 2025 without needing to sell.
Look elsewhere if
- Cost-conscious investors: the 1.00% expense ratio is nearly double the 0.54% average of eight similar AI and tech funds.
- Retirees who need income, since the fund yielded 0.98% and pays out only once a year.
- Anyone who wants a long track record: the fund launched in July 2024 and missed the 2020 and 2022 downturns.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| AGIX this fund | — | 1% | $807.4M | +15.4% | — |
| FAI First Trust Bloomberg Artificial Intelligen… | 46% | — | $97.3M | — | — |
| AIQ Global X Artificial Intelligence & Technolo… | 43% | 0.68% | $10.17B | +20.0% | +35.5% |
| WTAI WisdomTree Artificial Intelligence and Inno… | 40% | 0.45% | $669.5M | +24.9% | +35.1% |
| XAIX Xtrackers Artificial Intelligence and Big D… | 39% | 0.35% | $173.4M | +31.0% | — |
| PJFG PGIM Jennison Focused Growth ETF | 38% | 0.75% | $140.3M | +3.6% | +25.2% |
| BGRO iShares Large Cap Growth Active ETF | 38% | 0.55% | $8.9M | +5.7% | — |
| PGRO Putnam Focused Large Cap Growth ETF | 37% | 0.56% | $212.1M | +3.1% | +24.6% |
Questions investors ask
Is AGIX good for retirement?
AGIX is a narrow, high-risk fund, so it usually plays a small side role, not a core one. Over the year to October 27, 2026, its beta was 2.05, meaning it tended to move about twice as much as the broad market. It fell 31.5% between February and April 2025. It yielded 0.98%, paid once a year, and it charges 1.00% a year. Its track record only goes back to July 2024.
What's the difference between AGIX and AIQ?
Both hold AI and technology stocks, and about 43% of their holdings overlap, based on the latest N-PORT reports. Global X's AIQ is much larger, with about $10.2 billion in net assets. It also costs less: 0.68% a year versus AGIX's 1.00%. Over the year to October 27, 2026, AIQ returned 20%, while AGIX returned 15.4%. AGIX also aims to keep about 10% of its assets in private companies such as SpaceX.
Does AGIX pay dividends?
Yes, but only a little, and only once a year. Over the 12 months to October 27, 2026, it paid about $0.44 per share, a yield of 0.98%. That is slightly less than the fund's 1.00% annual expense ratio. The prospectus states that the fund's goal is growth of capital, not income, so it is not built to produce a paycheck.
What is AGIX's expense ratio?
AGIX's expense ratio is 1.00% a year, according to its prospectus filed July 29, 2026. That includes a 0.99% management fee. The average for eight similar AI and tech funds was 0.54%, and AGIX was the most expensive of the group. In the SEC's standard example, $10,000 earning 5% a year would pay about $102 in costs after one year and $1,225 after 10 years.
Does AGIX own SpaceX?
Yes. As of June 30, 2026, AGIX held SpaceX through a special purpose vehicle, a separate entity set up to hold the shares. It made up about 2.4% of the fund, putting it among the 15 largest positions. It is part of the fund's plan to keep about 10% of its assets in private companies. The prospectus warns that private shares are harder to value and to sell than listed stocks.