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) | $12 |
| 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 | 9.5 % |
| XIAOMI CORP. CLASS B | 8.1 % |
| LUXSHARE PRECISION INDUSTR-A | 8.0 % |
| ZTE CORP-H | 6.0 % |
| BOE TECHNOLOGY GROUP CO LT-A | 5.4 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 4.4 % |
| WILL SEMICONDUCTOR LTD. CLASS A | 4.4 % |
| SHENZHEN TRANSSION HOLDING CO., LTD. CLA | 4.2 % |
| ZHONGJI INNOLIGHT CO., LTD. CLASS A | 3.5 % |
| TIANJIN ZHONGHUAN SEMICOND-A | 3.4 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 463 |
| Wgt avg mkt cap (mns) | $19,850 |
| Large cap (>$10bn) | 65.4% |
| Mid cap ($2-10bn) | 34.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 9.0% |
| Emerging mkts. | 91.0% |
Country Exposure
 |
CHINA | 97.1 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.1% | -8.5% | -21.7% | -- | -- | -- | -15.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 12% |
| MSCI EAFE | 0.69 | 18% |
| MSCI Emg Mkts | 0.89 | 34% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.37% |
| ADV of underlying (mns) | $1,561 |
Technical Indicators
| Recent close | $14.95 |
| 30d moving avg. | $15.19 |
| Annualized volatility | 27.1% |
| Relative strength (RSI) | 39 |
| 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 | 32.0% | 0 bp | +2.5% |
| TCHI | iShares MSCI China Multisector Tech ETF | 14.8% | -6 bp | -0.2% |
| KSTR | KraneShares SSE STAR Market 50 Index ETF | 12.1% | +24 bp | -2.6% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 11.2% | +4 bp | -6.0% |
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 9/22/2023
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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
4.7%
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™ | 4.7% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
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%. KFVG's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places KFVG in the 24th 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 | 36.8 | 101.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .