KEMQ
Kraneshares Emerging Markets Consumer Technology Index ETF
The KraneShares Emerging Markets Consumer Technology ETF tracks a committee-selected, tier-weighted index of emerging-market technology-sector stocks.lf
Fund Basics
| Fund sponsor | KraneShares |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 11, 2017 |
| Assets (mns) | $29 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NETEASE, INC | 3.7 % |
| BAIDU, INC. CLASS A | 3.6 % |
| MEITUAN DIANPING | 3.6 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 3.6 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 3.6 % |
| TENCENT HOLDINGS LTD | 3.5 % |
| MERCADOLIBRE INC | 3.5 % |
| ALIBABA GROUP HOLDING LTD. | 3.4 % |
| NASPERS LTD-N SHS | 3.4 % |
| JD.COM, INC. CLASS A | 3.0 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 249 |
| Wgt avg mkt cap (mns) | $47,591 |
| Large cap (>$10bn) | 50.5% |
| Mid cap ($2-10bn) | 36.5% |
| Small cap (<$2bn) | 9.1% |
| Developed mkts. | 11.7% |
| Emerging mkts. | 87.6% |
Country Exposure
 |
CHINA | 33.1 % |
 |
SOUTH KOREA | 21.5 % |
 |
INDIA | 9.1 % |
 |
BRAZIL | 7.4 % |
 |
SINGAPORE | 3.6 % |
 |
ARGENTINA | 3.5 % |
 |
SOUTH AFRICA | 3.4 % |
 |
HONG KONG | 2.7 % |
 |
JAPAN | 2.7 % |
 |
TAIWAN | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.3% | -24.4% | -35.6% | -12.6% | -10.8% | -- | -8.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 32% |
| MSCI EAFE | 0.99 | 46% |
| MSCI Emg Mkts | 1.20 | 78% |
Liquidity Measures
| Avg. volume (000) | 19 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $4,376 |
Technical Indicators
| Recent close | $14.48 |
| 30d moving avg. | $15.14 |
| Annualized volatility | 30.0% |
| Relative strength (RSI) | 33 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KEMQ |
Expenses vs. KEMQ |
ALTAR Score™ vs. KEMQ |
|---|---|---|---|---|
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 49.1% | +27 bp | +0.3% |
| FDNI | First Trust Dow Jones International Internet ETF | 40.2% | +6 bp | +0.8% |
| KWEB | KraneShares CSI China Internet ETF | 35.5% | +10 bp | -2.4% |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 33.7% | +6 bp | +3.4% |
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 30.8% | +27 bp | -0.4% |
| TCHI | iShares MSCI China Multisector Tech ETF | 30.1% | 0 bp | +1.8% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 27.9% | +9 bp | -3.2% |
| FXI | iShares China Large-Cap ETF | 23.2% | +15 bp | +12.1% |
| MINV | Matthews Asia Innovators Active ETF | 21.8% | +20 bp | -2.6% |
| MCHI | iShares MSCI China ETF | 20.1% | -2 bp | +8.5% |
Risk and Returns: KEMQ 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 3/17/2023
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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
KEMQ
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™
KEMQ
2.0%
Cat. Avg
8.5%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.0% |
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 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.5% and a standard deviation of
4.4%. KEMQ's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places KEMQ in the 7th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KEMQ
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) |
|
|---|---|---|---|
| KEMQ | 59.0 | 30.2 | 89.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .