KFYP

KraneShares CICC China Leaders 100 Index ETF

KFYP tracks the CSI CICC Select 100 Index, which takes a smart-beta approach to systematically invest in companies listed in Mainland China.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

AFTY

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorKrane Fund Advisors LLC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJul 22, 2013
Assets (mns)$6
Expense ratio68 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CHINA MERCHANTS BANK -A 5.5 %
MIDEA GROUP CO. LTD. CLASS A 5.3 %
GREE ELECTRIC APPLIANCES I-A 5.2 %
INDUSTRIAL BANK CO LTD -A 5.0 %
IND & COMM BK OF CHINA - A 4.9 %
BANK OF COMMUNICATIONS-A 4.4 %
CHINA STATE CONSTRUCTION -A 4.1 %
SHENZHEN DEVELOPMENT BANK-A 3.8 %
CHINA VANKE CO LTD -A 3.4 %
TONGWEI CO. LTD. CLASS A 3.2 %
Constituent Breakdown
Number of holdings89
Herfindahl-Hirschman Index 283
Wgt avg mkt cap (mns)$16,782
Large cap (>$10bn)27.1%
Mid cap ($2-10bn)18.0%
Small cap (<$2bn)2.3%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
CHINA 97.2 %
Historical Performance


Standardized Annual Returns (as of 02/28/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
4.4% -17.1% -8.5% 2.7% 0.0% -- 6.2%
Market Correlations
versus...BetaR-squared
S&P 5000.3412%
MSCI EAFE0.4823%
MSCI Emg Mkts0.6550%
Liquidity Measures
Avg. volume (000)6
Turnover2.4%
Avg. Bid/Ask (% of price)0.40%
ADV of underlying (mns)$3,190
Technical Indicators
Recent close$23.70
30d moving avg.$23.60
Annualized volatility20.4%
Relative strength (RSI)51
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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Risk and Returns: KFYP vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
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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
  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 --%
0.6 6.3 1.1 5.3% --
Based on closing prices from 3/21/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KFYP



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™

KFYP

16.1%

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™16.1%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

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%. KFYP's ALTAR Score™ is approximately 1.8 standard deviations above the category average. This places KFYP in the 96th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KFYP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
KFYP 68.0 40.4 108.4
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.