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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
39.2 M
ASSETS UNDER MGMT
89 bp
EXPENSES
Fund Basics
| Fund sponsor | Krane Fund Advisors LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 27, 2021 |
| Assets (mns) | $39 |
| Expense ratio | 89 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CAMBRICON TECHNOLOGIES CORP. LTD. CLASS | 10.1 % |
| HYGON INFORMATION TECHNOLOGY CO., LTD. C | 9.8 % |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC | 6.1 % |
| MONTAGE TECHNOLOGY CO., LTD. CLASS A | 5.9 % |
| BEIJING KINGSOFT OFFICE SOFTWARE. INC. C | 5.9 % |
| SHANGHAI UNITED IMAGING HEALTHCARE CO., | 3.6 % |
| SHENZHEN TRANSSION HOLDING CO., LTD. CLA | 3.1 % |
| ZHEJIANG SUPCON TECHNOLOGY CO. LTD. CLAS | 2.4 % |
| NATIONAL SILICON INDUSTRY GROUP CO. LTD. | 2.4 % |
| BEIJING ROBOROCK TECHNOLOGY CO. LTD. CLA | 2.3 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 395 |
| Wgt avg mkt cap (mns) | $8,737 |
| Large cap (>$10bn) | 31.0% |
| Mid cap ($2-10bn) | 29.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 75.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CHINA | 75.9 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | 23.9% | -9.0% | -4.0% | -- | -- | -- | -13.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 4.7% | 23.9% | -9.0% | -4.0% | -- | -- | -- | -13.1% | Ann. Volatility | 35.5% | 61.4% | 46.8% | 41.8% | -- | -- | -- | 38.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.45 | 6% |
| MSCI EAFE | 0.51 | 8% |
| MSCI Emg Mkts | 0.76 | 18% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.51% |
Technical Indicators
| Recent close | $13.95 |
| 30d moving avg. | $13.60 |
| Annualized volatility | 30.4% |
| Relative strength (RSI) | 49 |
| Short interest | 1.8% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 5/8/2025
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
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 Rating
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.
ALTAR Score™
1.6%
Cat. Avg
8.3%
ALTAR Score™ Calculation
Category Overview
There are 106 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.3% and a standard deviation of
2.7%. 's ALTAR Score™ is approximately
2.5 standard deviations
below
the category average. This places in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KSTRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (89 bp) Percentile rank | 80 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 89.0 | 0.0 | 89 | |
| Peer Avg. | 61.5 | 44.6 | 106.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .