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.
Fund Basics
| Fund sponsor | Krane Fund Advisors LLC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 27, 2021 |
| Assets (mns) | $25 |
| 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
| BEIJING KINGSOFT OFFICE SOFTWARE. INC. C | 6.9 % |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC | 6.7 % |
| SHENZHEN TRANSSION HOLDING CO., LTD. CLA | 5.6 % |
| MONTAGE TECHNOLOGY CO., LTD. CLASS A | 5.1 % |
| CAMBRICON TECHNOLOGIES CORP. LTD. CLASS | 3.7 % |
| TRINA SOLAR LTD CLASS A | 2.9 % |
| NATIONAL SILICON INDUSTRY GROUP CO. LTD. | 2.7 % |
| BEIJING ROBOROCK TECHNOLOGY CO. LTD. CLA | 2.7 % |
| ZHEJIANG SUPCON TECHNOLOGY CO. LTD. CLAS | 2.3 % |
| PIOTECH, INC. CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 238 |
| Wgt avg mkt cap (mns) | $6,041 |
| Large cap (>$10bn) | 33.7% |
| Mid cap ($2-10bn) | 62.6% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
CHINA | 69.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.5% | -32.4% | -21.5% | -18.5% | -- | -- | -21.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 15% |
| MSCI EAFE | 0.68 | 14% |
| MSCI Emg Mkts | 0.71 | 17% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $1,334 |
Technical Indicators
| Recent close | $10.98 |
| 30d moving avg. | $12.53 |
| Annualized volatility | 30.4% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.6% |
| 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 |
|---|---|---|---|---|
| KFVG | KraneShares CICC China 5G & Semiconductor Index ETF | 14.7% | -24 bp | +2.3% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 5/1/2024
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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
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
2.5%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.5% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. KSTR's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places KSTR in the 9th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KSTR
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
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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 | 50.7 | 139.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .