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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

FXI

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorCICC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJul 29, 2020
Assets (mns)$4
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MEITUAN DIANPING 9.5 %
CHINA CONSTRUCTION BANK-H 9.3 %
TENCENT HOLDINGS LTD 8.7 %
ALIBABA GROUP HOLDING LTD. 8.5 %
NETEASE, INC 4.5 %
BAIDU, INC. CLASS A 4.1 %
WUXI BIOLOGICS (CAYMAN) INC. 3.6 %
YUM CHINA HOLDINGS, INC. 3.4 %
BYD CO LTD-H 3.4 %
CHINA MERCHANTS BANK - H 3.0 %
Constituent Breakdown
Number of holdings165
Herfindahl-Hirschman Index 440
Wgt avg mkt cap (mns)$72,760
Large cap (>$10bn)60.3%
Mid cap ($2-10bn)19.8%
Small cap (<$2bn)1.2%
Developed mkts.27.8%
Emerging mkts.72.2%
Country Exposure
CHINA 88.0 %
HONG KONG 11.6 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-22.9% -32.1% -11.0% -- -- -- -8.1%
Market Correlations
versus...BetaR-squared
S&P 5000.080%
MSCI EAFE0.172%
MSCI Emg Mkts0.9234%
Liquidity Measures
Avg. volume (000)1
Turnover0.4%
Avg. Bid/Ask (% of price)0.39%
ADV of underlying (mns)$14,028
Technical Indicators
Recent close$17.38
30d moving avg.$19.38
Annualized volatility20.8%
Relative strength (RSI)24
Short interest (ETF)0.4%
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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Risk and Returns: KESG vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
1.1 9.4 1.7 2.6% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

KESG

13.0%

Cat. Avg

8.7%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™13.0%
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 178 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.7% and a standard deviation of 4.5%. KESG's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places KESG in the 83rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KESG
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
KESG 59.0 38.8 97.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.