KEJI
Global X China Innovation ETF
KEJI is an actively-managed fund that invests primarily in companies that have economic ties to China and are identified as related to disruptive innovation
Fund Basics
| Fund sponsor | Global X |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 22, 2021 |
| Assets (mns) | $2 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BYD CO LTD-H | 7.9 % |
| TENCENT HOLDINGS LTD | 6.0 % |
| ALIBABA GROUP HOLDING LTD. | 5.6 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 4.6 % |
| XI'AN LONGI SILICON MATERIALS CO., LTD. | 4.3 % |
| WUXI BIOLOGICS (CAYMAN) INC. | 3.6 % |
| WUXI LEAD INTELLIGENT EQUIPMENT CO. LTD. | 3.5 % |
| NARI TECHNOLOGY DEVELOPMEN-A | 3.0 % |
| MEITUAN DIANPING | 2.7 % |
| HUA HONG SEMICONDUCTOR LTD. | 2.7 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 404 |
| Wgt avg mkt cap (mns) | $70,726 |
| Large cap (>$10bn) | 74.8% |
| Mid cap ($2-10bn) | 19.0% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 15.2% |
| Emerging mkts. | 84.8% |
Country Exposure
 |
CHINA | 89.0 % |
 |
HONG KONG | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.3% | -22.6% | -25.9% | -- | -- | -- | -25.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.44 | 8% |
| MSCI EAFE | 0.70 | 19% |
| MSCI Emg Mkts | 1.11 | 48% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.66% |
| ADV of underlying (mns) | $5,332 |
Technical Indicators
| Recent close | $12.24 |
| 30d moving avg. | $12.61 |
| Annualized volatility | 30.1% |
| Relative strength (RSI) | 35 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KEJI |
Expenses vs. KEJI |
ALTAR Score™ vs. KEJI |
|---|---|---|---|---|
| MCH | Matthews China Active ETF | 28.8% | +4 bp | +6.4% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 28.7% | -43 bp | +3.1% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 26.9% | -16 bp | +8.4% |
| TCHI | iShares MSCI China Multisector Tech ETF | 26.5% | -16 bp | +0.6% |
| MCHI | iShares MSCI China ETF | 24.0% | -18 bp | +7.0% |
| KALL | KraneShares MSCI All China Index ETF | 23.7% | -27 bp | +7.7% |
| FLCH | Franklin FTSE China ETF | 23.5% | -56 bp | +7.2% |
| FXI | iShares China Large-Cap ETF | 23.1% | -1 bp | +10.3% |
| KBA | KraneShares Bosera MSCI China A Share ETF | 21.8% | -19 bp | +6.1% |
| MINV | Matthews Asia Innovators Active ETF | 20.8% | +4 bp | -3.7% |
Risk and Returns: KEJI 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 3/23/2023
Peer Group Comparison Sample data. Subscribe for access.
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
KEJI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
KEJI
3.1%
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™ | 3.1% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.4% and a standard deviation of
4.4%. KEJI's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places KEJI in the 11st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KEJI
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
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KEJI | 75.0 | 66.3 | 141.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .