KGRN

KraneShares MSCI China Environment Index ETF

The KraneShares MSCI China Environment Index ETF tracks an index of Chinese companies of all capitalization sizes that derive at least 50% of their revenue from environmentally beneficial products and services.


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5.9%

ALTAR Score™
Trend in ALTAR Score™

DFAE

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorKraneShares
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateOct 12, 2017
Assets (mns)$134
Expense ratio80 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NIO INC. SPONSORED ADR CLASS A 9.8 %
XINYI SOLAR HOLDINGS LTD 8.9 %
BYD CO LTD-H 7.4 %
CHINA CONCH VENTURE HOLDINGS 6.8 %
XPENG, INC. ADR SPONSORED CLASS A 6.5 %
CHINA LONGYUAN POWER GROUP-H 6.3 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 5.2 %
XI'AN LONGI SILICON MATERIALS CO., LTD. 4.9 %
GCL POLY ENERGY HOLDINGS LTD 4.6 %
ZHUZHOU CSR TIMES ELECTRIC-H 4.4 %
Constituent Breakdown
Number of holdings40
Herfindahl-Hirschman Index 354
Wgt avg mkt cap (mns)$15,773
Large cap (>$10bn)41.6%
Mid cap ($2-10bn)35.5%
Small cap (<$2bn)5.6%
Developed mkts.21.7%
Emerging mkts.78.3%
Country Exposure
CHINA 81.2 %
HONG KONG 18.7 %
Historical Performance


Standardized Annual Returns (as of 12/31/2020)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
138.5% 138.5% 63.4% 23.6% -- -- 21.9%
Market Correlations
versus...BetaR-squared
S&P 5000.8629%
MSCI EAFE0.9535%
MSCI Emg Mkts1.1060%
Liquidity Measures
Avg. volume (000)75
Turnover2.9%
Avg. Bid/Ask (% of price)0.51%
ADV of underlying (mns)$20,650
Technical Indicators
Recent close$51.58
30d moving avg.$44.49
Annualized volatility30.0%
Relative strength (RSI)72
Short interest (ETF)1.5%
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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Results & Estimates
  2015 2016 2017 2018 2019 2020E 2021E  
Sales 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
  2019 2020E Fwd Est 2021E
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 --%
1.7 15.5 1.9 2.0% --
Based on closing prices from 1/21/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KGRN



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™

KGRN

5.9%

Cat. Avg

7.1%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.9%
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 169 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.1% and a standard deviation of 3.5%. KGRN's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places KGRN in the 36th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.