KALL
KraneShares MSCI All China Index ETF
KALL seeks to provide investment results that, before fees and expenses, track the price performance of the MSCI China All Shares Index. The index seeks to track the equity market performance of companies based in China and listed in mainland China, Hong Kong, and the United States.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
8.8 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Krane Fund Advisors LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 12, 2015 |
| Assets (mns) | $9 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 11.9 % |
| ALIBABA GROUP HOLDING LTD. | 6.8 % |
| XIAOMI CORP. CLASS B | 3.1 % |
| CHINA CONSTRUCTION BANK-H | 2.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.0 % |
| KWEICHOW MOUTAI CO LTD-A | 2.0 % |
| MEITUAN DIANPING | 1.8 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 1.7 % |
| PING AN INSURANCE GROUP CO-H | 1.5 % |
| NETEASE, INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 3 |
| Herfindahl-Hirschman Index | 261 |
| Wgt avg mkt cap (mns) | $173,663 |
| Large cap (>$10bn) | 91.7% |
| Mid cap ($2-10bn) | 13.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 6.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
CHINA | 100.0 % |
 |
HONG KONG | 6.0 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.5% | 19.8% | 0.2% | -1.4% | -5.6% | -1.1% | -- | -1.3% |
| Dividend Yield | -8.5% | -19.8% | -0.2% | 1.4% | 5.6% | 1.1% | -- | 1.3% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | 28.6% | 37.5% | 28.7% | 28.4% | 27.7% | 25.8% | -- | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.45 | 15% |
| MSCI EAFE | 0.86 | 35% |
| MSCI Emg Mkts | 1.07 | 60% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $21.95 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.16/0.12 |
| Bollinger Bands (Upper/Lower) | $22.61/$21.37 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KALL |
Expenses vs. KALL |
ALTAR Score™ vs. KALL |
|---|---|---|---|---|
| FLCH | Franklin FTSE China ETF | 64.9% | -30 bp | +15.2% |
| MCHI | iShares MSCI China ETF | 58.7% | +10 bp | +16.4% |
| GXC | SPDR S & P China ETF | 55.1% | +10 bp | +15.6% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 48.6% | -17 bp | +13.4% |
| JCHI | JPMorgan Active China ETF | 44.6% | +16 bp | +14.3% |
| FXI | iShares China Large-Cap ETF | 44.3% | +25 bp | +16.7% |
| MCH | Matthews China Active ETF | 44.0% | +30 bp | +13.8% |
| BKF | iShares MSCI BIC ETF | 42.8% | +20 bp | +12.8% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 37.8% | +16 bp | +7.0% |
| AIA | iShares Asia 50 ETF | 36.3% | +1 bp | +12.6% |
Risk and Returns: KALL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/2/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
KALL
12.7%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 131 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.7%. KALL's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places KALL in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KALLSELL
U/W
HOLD
O/W
BUY