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.
Fund Basics
Fund sponsor | KraneShares |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Oct 12, 2017 |
Assets (mns) | $134 |
Expense ratio | 80 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Market Cap |
Smart-beta | No |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
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 holdings | 40 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
138.5% | 138.5% | 63.4% | 23.6% | -- | -- | 21.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.86 | 29% |
MSCI EAFE | 0.95 | 35% |
MSCI Emg Mkts | 1.10 | 60% |
Liquidity Measures
Avg. volume (000) | 75 |
Turnover | 2.9% |
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 volatility | 30.0% |
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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. KGRN |
Expenses vs. KGRN |
ALTAR Score™ vs. KGRN |
---|---|---|---|---|
DFAE | Dimensional Emerging Core Equity Market ETF | 55.2% | -45 bp | +1.0% |
SMOG | VanEck Vectors Low Carbon Energy ETF | 18.0% | -18 bp | -4.0% |
BATT | Amplify Advanced Battery Metals & Materials ETF | 17.1% | -21 bp | -4.0% |
CHII | Global X MSCI China Industrials ETF | 17.0% | -14 bp | +4.2% |
TAN | Invesco Solar ETF | 14.6% | -11 bp | -5.7% |
CHIQ | Global X MSCI China Consumer ETF | 14.2% | -15 bp | -1.3% |
LIT | Global X Lithium & Battery Tech ETF | 12.7% | -5 bp | -4.2% |
CTEC | Global X CleanTech ETF | 12.6% | -30 bp | -5.2% |
KESG | KraneShares MSCI China ESG Leaders Index ETF | 11.1% | -21 bp | +2.3% |
CHIK | Global X MSCI China Information Technology ETF | 10.8% | -14 bp | -0.5% |
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | ||
---|---|---|---|---|---|---|---|---|
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 | --% |
Based on closing prices from 1/21/2021
Peer Group Comparison Sample data. Subscribe for access.
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
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
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