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) | $5 |
| 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
| TENCENT HOLDINGS LTD | 9.2 % |
| ALIBABA GROUP HOLDING LTD. | 8.9 % |
| MEITUAN DIANPING | 8.5 % |
| CHINA CONSTRUCTION BANK-H | 8.0 % |
| BAIDU, INC. CLASS A | 4.6 % |
| NETEASE, INC | 4.6 % |
| WUXI BIOLOGICS (CAYMAN) INC. | 4.1 % |
| BYD CO LTD-H | 3.4 % |
| CHINA MERCHANTS BANK - H | 3.3 % |
| YUM CHINA HOLDINGS, INC. | 3.2 % |
Constituent Breakdown
| Number of holdings | 156 |
| Herfindahl-Hirschman Index | 424 |
| Wgt avg mkt cap (mns) | $104,814 |
| Large cap (>$10bn) | 65.4% |
| Mid cap ($2-10bn) | 14.1% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 29.6% |
| Emerging mkts. | 70.4% |
Country Exposure
 |
CHINA | 87.7 % |
 |
HONG KONG | 12.0 % |
Historical Performance
Standardized Annual Returns (as of 01/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 10.1% | -16.7% | -18.7% | -- | -- | -- | -4.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.32 | 4% |
| MSCI EAFE | 0.67 | 16% |
| MSCI Emg Mkts | 1.44 | 64% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $10,145 |
Technical Indicators
| Recent close | $21.99 |
| 30d moving avg. | $20.82 |
| Annualized volatility | 32.5% |
| Relative strength (RSI) | 70 |
| 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. KESG |
Expenses vs. KESG |
ALTAR Score™ vs. KESG |
|---|---|---|---|---|
| FXI | iShares China Large-Cap ETF | 51.9% | +15 bp | +1.5% |
| MCHI | iShares MSCI China ETF | 47.6% | -2 bp | -1.3% |
| FLCH | Franklin FTSE China ETF | 43.8% | -40 bp | -1.0% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 38.9% | +9 bp | -11.0% |
| KALL | KraneShares MSCI All China Index ETF | 37.4% | -11 bp | -0.4% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 35.4% | -27 bp | -4.8% |
| KWEB | KraneShares CSI China Internet ETF | 35.2% | +10 bp | -10.5% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 34.1% | -39 bp | -2.2% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 33.2% | +27 bp | -8.3% |
| BKF | iShares MSCI BRIC ETF | 33.2% | +11 bp | -2.1% |
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.
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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 2/1/2023
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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
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
9.9%
Cat. Avg
7.9%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.9% |
Recommendation
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.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.1%. KESG's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places KESG in the 68th 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 | 46.9 | 105.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .