KFVG
KraneShares CICC China 5G & Semiconductor Index ETF
KFVG tracks a market-cap weighted index of Chinese companies in the 5G and semiconductor-related industries.
Fund Basics
| Fund sponsor | CICC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 24, 2020 |
| Assets (mns) | $15 |
| Expense ratio | 65 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
| FOXCONN INDUSTRIAL INTERNET CO., LTD. CL | 11.4 % |
| LUXSHARE PRECISION INDUSTR-A | 7.1 % |
| XIAOMI CORP. CLASS B | 6.8 % |
| BOE TECHNOLOGY GROUP CO LT-A | 5.9 % |
| TIANJIN ZHONGHUAN SEMICOND-A | 5.3 % |
| ZTE CORP-H | 5.1 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 4.5 % |
| WILL SEMICONDUCTOR LTD. CLASS A | 3.8 % |
| TONGFANG GUOXIN ELECTRONIC-A | 3.1 % |
| SHENZHEN TRANSSION HOLDING CO., LTD. CLA | 2.9 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 463 |
| Wgt avg mkt cap (mns) | $16,424 |
| Large cap (>$10bn) | 63.7% |
| Mid cap ($2-10bn) | 36.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 8.9% |
| Emerging mkts. | 91.1% |
Country Exposure
 |
CHINA | 97.4 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.0% | -31.9% | -21.0% | -- | -- | -- | -17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.47 | 10% |
| MSCI EAFE | 0.65 | 16% |
| MSCI Emg Mkts | 0.87 | 32% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $1,449 |
Technical Indicators
| Recent close | $17.93 |
| 30d moving avg. | $16.53 |
| Annualized volatility | 28.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.3% |
| 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. KFVG |
Expenses vs. KFVG |
ALTAR Score™ vs. KFVG |
|---|---|---|---|---|
| CHIK | Global X MSCI China Information Technology ETF | 30.8% | 0 bp | +1.6% |
| TCHI | iShares MSCI China Multisector Tech ETF | 15.7% | -6 bp | -0.8% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 12.0% | +3 bp | -5.6% |
| RAYC | Rayliant Quantamental China Equity ETF | 10.3% | +15 bp | +6.4% |
Risk and Returns: KFVG 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 3/24/2023
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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
KFVG
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™
KFVG
4.4%
Cat. Avg
8.4%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.4% and a standard deviation of
4.3%. KFVG's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places KFVG in the 18th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KFVG
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) |
|
|---|---|---|---|
| KFVG | 65.0 | 36.2 | 101.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .