KEMX
KraneShares MSCI Emerging Markets EX China Index ETF
KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
74.8 M
ASSETS UNDER MGMT
24 bp
EXPENSES
Fund Basics
| Fund sponsor | KraneShares |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 12, 2019 |
| Assets (mns) | $75 |
| Expense ratio | 24 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | 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
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| SAMSUNG ELECTRONICS CO LTD | 5.1 % |
| INFOSYS TECHNOLOGIES-SP ADR | 2.3 % |
| HON HAI PRECISION INDUSTRY | 1.7 % |
| HYNIX SEMICONDUCTOR INC | 1.7 % |
| ICICI BANK LTD | 1.5 % |
| HDFC BANK LIMITED | 1.4 % |
| BHARTI AIRTEL LIMITED | 1.3 % |
| TATA CONSULTANCY SVS LTD | 1.3 % |
| MEDIATEK INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 302 |
| Herfindahl-Hirschman Index | 203 |
| Wgt avg mkt cap (mns) | $137,618 |
| Large cap (>$10bn) | 81.0% |
| Mid cap ($2-10bn) | 18.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.3% |
| Emerging mkts. | 99.7% |
Country Exposure
 |
TAIWAN | 27.5 % |
 |
INDIA | 22.8 % |
 |
SOUTH KOREA | 17.5 % |
 |
BRAZIL | 6.4 % |
 |
SOUTH AFRICA | 4.4 % |
 |
MEXICO | 3.1 % |
 |
INDONESIA | 2.7 % |
 |
MALAYSIA | 2.2 % |
 |
THAILAND | 1.7 % |
 |
POLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.5% | 5.9% | 7.8% | 0.8% | 5.5% | -- | 5.2% | Volatility | 15.4% | 15.3% | 15.1% | 16.9% | 21.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 71% |
| MSCI EAFE | 0.89 | 77% |
| MSCI Emg Mkts | 0.89 | 77% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $11,472 |
Technical Indicators
| Recent close | $29.90 |
| 30d moving avg. | $31.06 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.2% |
| 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. KEMX |
Expenses vs. KEMX |
ALTAR Score™ vs. KEMX |
|---|---|---|---|---|
| STXE | Strive Emerging Markets Ex-China ETF | 62.9% | +8 bp | -2.3% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 58.1% | +1 bp | -2.6% |
| XCEM | Columbia EM Core ex-China ETF | 56.4% | -8 bp | -1.5% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 54.3% | +8 bp | -3.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 51.5% | -9 bp | +1.1% |
| ECON | Columbia Emerging Markets Consumer ETF | 51.0% | +25 bp | -1.8% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 50.2% | +25 bp | -1.0% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 46.8% | +51 bp | -1.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 46.7% | +6 bp | -1.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 46.7% | +42 bp | +0.9% |
Risk and Returns: KEMX 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 | --% |
Based on closing prices from 12/4/2024
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
KEMX
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
KEMX
9.0%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.0%. KEMX's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places KEMX in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KEMXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| KEMX (24 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KEMX | 24.0 | 35.0 | 59 |
| Peer Avg. | 48.3 | 38.6 | 86.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .