KESG
KraneShares MSCI China ESG Leaders Index ETF
KESG tracks a market-cap-weighted index of Chinese companies that have high environmental, social and governance ratings.
Fund Basics
| Fund sponsor | CICC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 29, 2020 |
| Assets (mns) | $4 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALIBABA GROUP HOLDING LTD. | 8.6 % |
| TENCENT HOLDINGS LTD | 8.5 % |
| CHINA CONSTRUCTION BANK-H | 6.9 % |
| NETEASE, INC | 5.0 % |
| BAIDU, INC. CLASS A | 4.6 % |
| JD.COM, INC. CLASS A | 4.5 % |
| IND & COMM BK OF CHINA - H | 4.0 % |
| BYD CO LTD-H | 3.9 % |
| YUM CHINA HOLDINGS, INC. | 3.0 % |
| LI AUTO, INC. CLASS A | 2.8 % |
Constituent Breakdown
| Number of holdings | 181 |
| Herfindahl-Hirschman Index | 354 |
| Wgt avg mkt cap (mns) | $79,064 |
| Large cap (>$10bn) | 63.7% |
| Mid cap ($2-10bn) | 14.9% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 17.2% |
| Emerging mkts. | 82.8% |
Country Exposure
 |
CHINA | 88.7 % |
 |
HONG KONG | 10.8 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.6% | -9.6% | -21.6% | -10.5% | -- | -- | -8.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.42 | 5% |
| MSCI EAFE | 0.77 | 20% |
| MSCI Emg Mkts | 1.48 | 68% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.52% |
| ADV of underlying (mns) | $8,699 |
Technical Indicators
| Recent close | $17.80 |
| 30d moving avg. | $17.92 |
| Annualized volatility | 32.0% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.1% |
| 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. KESG |
Expenses vs. KESG |
ALTAR Score™ vs. KESG |
|---|---|---|---|---|
| FXI | iShares China Large-Cap ETF | 60.4% | +15 bp | +1.6% |
| MCHI | iShares MSCI China ETF | 50.0% | -1 bp | -1.0% |
| FLCH | Franklin FTSE China ETF | 47.4% | -40 bp | -0.8% |
| GXC | SPDR S&P China ETF | 41.9% | 0 bp | -0.9% |
| KALL | KraneShares MSCI All China Index ETF | 41.1% | -10 bp | -0.6% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 40.3% | +10 bp | -12.7% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 36.6% | -27 bp | -4.8% |
| KWEB | KraneShares CSI China Internet ETF | 34.2% | +10 bp | -12.5% |
| FDNI | First Trust Dow Jones International Internet ETF | 32.6% | +6 bp | -8.5% |
| CN | Xtrackers MSCI All China Equity ETF | 32.0% | -9 bp | -0.7% |
Risk and Returns: KESG 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 9/22/2023
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
KESG
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™
KESG
11.4%
Cat. Avg
7.6%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.4% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. KESG's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places KESG in the 82nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KESG
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) |
|
|---|---|---|---|
| KESG | 59.0 | 52.4 | 111.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .