KARS

KraneShares Electric Vehicles & Future Mobility Index ETF

The KraneShares Electric Vehicles and Future Mobility Index ETF is an exchange-traded fund incorporated in the USA. It seeks to measure the performance of Solactive Electric Vehicles and Future Mobility Index, which includes issuers engaged in the electri


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

72 bp

EXPENSES

$87.8 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorKraneShares
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJan 18, 2018
Assets (mns)$88
Expense ratio72 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
BYD CO LTD -A 4.7 %
TESLA MOTORS INC 4.2 %
PANASONIC CORP 4.2 %
SAMSUNG SDI CO LTD 3.9 %
LI AUTO, INC. CLASS A 3.9 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 3.9 %
NIO INC. SPONSORED ADR CLASS A 3.7 %
ALBEMARLE CORP 3.5 %
CHINA MOLYBDENUM CO., LTD. CLASS A 2.7 %
RIVIAN AUTOMOTIVE INC-A 2.7 %
Constituent Breakdown
Number of holdings64
Herfindahl-Hirschman Index 246
Wgt avg mkt cap (mns)$46,085
Large cap (>$10bn)54.2%
Mid cap ($2-10bn)39.4%
Small cap (<$2bn)3.9%
Developed mkts.43.2%
Emerging mkts.56.8%
Country Exposure
CHINA 42.8 %
UNITED STATES 14.5 %
SOUTH KOREA 13.7 %
AUSTRALIA 7.3 %
JAPAN 5.2 %
CHILE 2.4 %
HONG KONG 2.4 %
BELGIUM 1.9 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -24.1% -36.9% -24.9% -23.0% 1.3% -- -1.8%
Volatility 24.9% 25.3% 28.5% 29.6% 30.7% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1444%
MSCI EAFE1.1743%
MSCI Emg Mkts1.1946%
Liquidity Measures
Avg. volume (000)22
Turnover0.5%
Avg. Bid/Ask (% of price)0.61%
ADV of underlying (mns)$25,330
Technical Indicators
Recent close$20.20
30d moving avg.$22.00
Annualized volatility31.0%
Relative strength (RSI)42
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: KARS 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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.0 37.6 2.0 1.4% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KARS



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

KARS

0.1%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™0.1%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. KARS's ALTAR Score™ is approximately 0.8 standard deviations below the category average. This places KARS in the 21st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KARS
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
KARS (72 bp) Percentile rank 83
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
KARS 72.0 60.9 132.9
Peer Avg. 51.3 36.4 87.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .