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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

CHIK

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorCICC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateNov 24, 2020
Assets (mns)$19
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
LUXSHARE PRECISION INDUSTR-A 8.4 %
XIAOMI CORP. CLASS B 6.5 %
FOXCONN INDUSTRIAL INTERNET CO., LTD. CL 6.3 %
BEIJING SEVENSTAR ELECTRONICS CO., LTD. 5.5 %
BOE TECHNOLOGY GROUP CO LT-A 4.8 %
GOERTEK INC. CLASS A 4.8 %
WILL SEMICONDUCTOR LTD. CLASS A 4.5 %
TIANJIN ZHONGHUAN SEMICOND-A 4.2 %
TONGFANG GUOXIN ELECTRONIC-A 4.0 %
SUNNY OPTICAL TECH 3.7 %
Constituent Breakdown
Number of holdings30
Herfindahl-Hirschman Index 409
Wgt avg mkt cap (mns)$16,813
Large cap (>$10bn)68.5%
Mid cap ($2-10bn)26.4%
Small cap (<$2bn)0.0%
Developed mkts.8.3%
Emerging mkts.91.7%
Country Exposure
CHINA 97.4 %
Historical Performance


Standardized Annual Returns (as of 07/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-33.0% -36.2% -- -- -- -- -18.4%
Market Correlations
versus...BetaR-squared
S&P 5000.111%
MSCI EAFE0.110%
MSCI Emg Mkts0.649%
Liquidity Measures
Avg. volume (000)7
Turnover0.7%
Avg. Bid/Ask (% of price)0.40%
ADV of underlying (mns)$3,808
Technical Indicators
Recent close$18.79
30d moving avg.$18.38
Annualized volatility27.2%
Relative strength (RSI)52
Short interest (ETF)0.6%
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   30.7%   0 bp +1.7%
TCHI iShares MSCI China Multisector Tech ETF   16.4%   -6 bp -0.3%
KTEC KraneShares Hang Seng TECH Index ETF   11.3%   +4 bp -5.2%
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
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value 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 --%
1.3 18.4 2.9 1.1% --
Based on closing prices from 8/8/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.0%

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™4.0%
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 178 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.4%. KFVG's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places KFVG in the 19th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KFVG
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)
KFVG 65.0 40.2 105.2
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.