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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

CHII

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)$202
Expense ratio80 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
LI AUTO, INC. SPONSORED ADR CLASS A 9.1 %
XPENG, INC. ADR SPONSORED CLASS A 8.8 %
NIO INC. SPONSORED ADR CLASS A 8.7 %
BYD CO LTD-H 7.2 %
CHINA LONGYUAN POWER GROUP-H 5.4 %
CHINA CONCH VENTURE HOLDINGS 5.4 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 4.7 %
XI'AN LONGI SILICON MATERIALS CO., LTD. 4.4 %
XINYI SOLAR HOLDINGS LTD 4.0 %
CHINA EVERBRIGHT INTL LTD 3.4 %
Constituent Breakdown
Number of holdings45
Herfindahl-Hirschman Index 482
Wgt avg mkt cap (mns)$15,101
Large cap (>$10bn)36.6%
Mid cap ($2-10bn)28.2%
Small cap (<$2bn)4.9%
Developed mkts.15.2%
Emerging mkts.84.8%
Country Exposure
CHINA 85.6 %
HONG KONG 14.7 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-0.6% 40.9% 64.0% 34.3% -- -- 17.2%
Market Correlations
versus...BetaR-squared
S&P 5000.7822%
MSCI EAFE0.8122%
MSCI Emg Mkts1.0750%
Liquidity Measures
Avg. volume (000)46
Turnover1.1%
Avg. Bid/Ask (% of price)0.70%
ADV of underlying (mns)$13,561
Technical Indicators
Recent close$48.21
30d moving avg.$44.69
Annualized volatility31.3%
Relative strength (RSI)51
Short interest (ETF)0.1%
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
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
1.1 14.1 1.8 1.9% --
Based on closing prices from 10/19/2021
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

6.4%

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™6.4%
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 170 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.6% and a standard deviation of 4.2%. KGRN's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places KGRN in the 39th 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
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)
KGRN 80.0 69.7 149.7
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.