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) | $11 |
| 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
| MEITUAN DIANPING | 8.9 % |
| TENCENT HOLDINGS LTD | 8.9 % |
| ALIBABA GROUP HOLDING LTD. | 8.8 % |
| CHINA CONSTRUCTION BANK-H | 6.3 % |
| NIO INC. SPONSORED ADR CLASS A | 4.5 % |
| WUXI BIOLOGICS (CAYMAN) INC. | 4.3 % |
| PING AN INSURANCE GROUP CO-H | 3.9 % |
| CHINA MERCHANTS BANK - H | 3.2 % |
| BYD CO LTD-H | 2.8 % |
| LI NING CO LTD | 2.5 % |
Constituent Breakdown
| Number of holdings | 178 |
| Herfindahl-Hirschman Index | 393 |
| Wgt avg mkt cap (mns) | $134,725 |
| Large cap (>$10bn) | 80.6% |
| Mid cap ($2-10bn) | 11.4% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 32.1% |
| Emerging mkts. | 67.9% |
Country Exposure
 |
CHINA | 86.5 % |
 |
HONG KONG | 13.0 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.9% | 12.3% | -- | -- | -- | -- | 13.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.38 | 8% |
| MSCI EAFE | 0.35 | 9% |
| MSCI Emg Mkts | 1.15 | 64% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.64% |
| ADV of underlying (mns) | $29,929 |
Technical Indicators
| Recent close | $30.85 |
| 30d moving avg. | $29.51 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 54 |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KESG |
Expenses vs. KESG |
ALTAR Score™ vs. KESG |
|---|---|---|---|---|
| FXI | iShares China Large-Cap ETF | 53.5% | +15 bp | +2.2% |
| MCHI | iShares MSCI China ETF | 50.6% | 0 bp | -0.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 47.7% | -27 bp | -1.8% |
| FLCH | Franklin FTSE China ETF | 47.7% | -40 bp | +0.3% |
| CHIQ | Global X MSCI China Consumer ETF | 42.8% | +6 bp | -3.3% |
| KALL | KraneShares MSCI All China Index ETF | 42.5% | -10 bp | +0.0% |
| BKF | iShares MSCI BRIC ETF | 37.3% | +11 bp | -0.6% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 36.6% | -39 bp | -1.3% |
| LDEM | iShares ESG MSCI EM Leaders ETF | 35.2% | -43 bp | -0.8% |
| CN | Xtrackers MSCI All China Equity ETF | 34.6% | -9 bp | +0.2% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 10/26/2021
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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
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
8.6%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.6% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 171 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.2%. KESG's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places KESG in the 59th 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
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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 | 63.6 | 122.6 |
| Peer Avg. | 66.5 | 1.9 | 68.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .