KSTR

KraneShares SSE STAR Market 50 Index ETF

KSTR tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board.


Rules-Based, Diverse

MANAGEMENT MATRIX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorKrane Fund Advisors LLC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJan 27, 2021
Assets (mns)$31
Expense ratio89 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
ADVANCED MICRO-FABRICATION EQUIPMENT INC 5.2 %
BEIJING KINGSOFT OFFICE SOFTWARE. INC. C 4.3 %
MONTAGE TECHNOLOGY CO., LTD. CLASS A 3.4 %
SHENZHEN TRANSSION HOLDING CO., LTD. CLA 2.8 %
TRINA SOLAR LTD CLASS A 2.4 %
CAMBRICON TECHNOLOGIES CORP. LTD. CLASS 2.3 %
NATIONAL SILICON INDUSTRY GROUP CO. LTD. 1.8 %
BEIJING ROBOROCK TECHNOLOGY CO. LTD. CLA 1.7 %
WESTERN SUPERCONDUCTING TECHNOLOGIES CO 1.6 %
XINJIANG DAQO NEW ENERGY CO. LTD. CLASS 1.5 %
Constituent Breakdown
Number of holdings49
Herfindahl-Hirschman Index 329
Wgt avg mkt cap (mns)$7,038
Large cap (>$10bn)32.2%
Mid cap ($2-10bn)67.8%
Small cap (<$2bn)0.0%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
CHINA 48.1 %
Historical Performance


Standardized Annual Returns (as of 11/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-16.5% -19.9% -30.3% -- -- -- -21.0%
Market Correlations
versus...BetaR-squared
S&P 5000.5614%
MSCI EAFE0.5613%
MSCI Emg Mkts0.5614%
Liquidity Measures
Avg. volume (000)10
Turnover0.4%
Avg. Bid/Ask (% of price)0.53%
ADV of underlying (mns)$941
Technical Indicators
Recent close$12.57
30d moving avg.$12.39
Annualized volatility26.7%
Relative strength (RSI)48
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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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. KSTR
Expenses
vs. KSTR
ALTAR Score™
vs. KSTR
Risk and Returns: KSTR 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
  2018 2019 2020 2021 2022 2023E 2024E  
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
  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 --%
2.7 27.3 3.9 1.0% --
Based on closing prices from 12/1/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KSTR



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™

KSTR

2.0%

Cat. Avg

7.0%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™2.0%
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 176 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.0% and a standard deviation of 4.2%. KSTR's ALTAR Score™ is approximately 1.2 standard deviations below the category average. This places KSTR in the 12nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KSTR
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)
KSTR 89.0 52.5 141.5
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.