KBUY
KraneShares CICC China Consumer Leaders Index ETF
KBUY tracks a market-cap-weighted index of Chinese companies engaged in Consumer-Related Industries.
Fund Basics
| Fund sponsor | CICC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 09, 2020 |
| Assets (mns) | $7 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| KWEICHOW MOUTAI CO LTD-A | 10.1 % |
| WULIANGYE YIBIN CO LTD-A | 9.6 % |
| MIDEA GROUP CO. LTD. CLASS A | 7.8 % |
| YUM CHINA HOLDINGS, INC. | 7.2 % |
| LUZHOU LAOJIAO CO LTD-A | 6.5 % |
| GREE ELECTRIC APPLIANCES I-A | 5.0 % |
| ANTA SPORTS PRODUCTS LTD | 4.8 % |
| SHANXI XINGHUACUN FEN WINE-A | 4.3 % |
| INNER MONGOLIA YILI INDUSTRIAL GROUP CO. | 4.2 % |
| QINGDAO HAIER CO LTD-A | 4.2 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 550 |
| Wgt avg mkt cap (mns) | $15,796 |
| Large cap (>$10bn) | 49.8% |
| Mid cap ($2-10bn) | 9.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 8.9% |
| Emerging mkts. | 91.1% |
Country Exposure
 |
CHINA | 89.2 % |
 |
HONG KONG | 8.8 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.9% | -11.4% | -13.9% | -- | -- | -- | -12.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.25 | 2% |
| MSCI EAFE | 0.37 | 4% |
| MSCI Emg Mkts | 1.13 | 36% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.60% |
| ADV of underlying (mns) | $2,228 |
Technical Indicators
| Recent close | $19.71 |
| 30d moving avg. | $19.91 |
| Annualized volatility | 33.7% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 1.6% |
| Short interest (underlying) | 0.0% |
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. KBUY |
Expenses vs. KBUY |
ALTAR Score™ vs. KBUY |
|---|---|---|---|---|
| CHIS | Global X MSCI China Consumer Staples ETF | 40.9% | -3 bp | -0.6% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 25.2% | +2 bp | +5.4% |
| CHIQ | Global X MSCI China Consumer ETF | 16.3% | -3 bp | -0.6% |
| KBA | KraneShares Bosera MSCI China A Share ETF | 15.3% | -12 bp | +4.5% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 14.6% | -3 bp | +3.2% |
| KFYP | KraneShares CICC China Leaders 100 Index ETF | 14.4% | 0 bp | +11.2% |
| CNYA | iShares MSCI China A ETF | 12.3% | -8 bp | +3.2% |
| KALL | KraneShares MSCI All China Index ETF | 11.5% | -20 bp | +6.0% |
| MINV | Matthews Asia Innovators Active ETF | 11.2% | +11 bp | -5.4% |
Risk and Returns: KBUY 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 3/24/2023
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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
KBUY
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™
KBUY
4.8%
Cat. Avg
8.4%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.8% |
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 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.4% and a standard deviation of
4.3%. KBUY's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places KBUY in the 21st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KBUY
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KBUY | 68.0 | 60.3 | 128.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .