KTEC

KraneShares Hang Seng TECH Index ETF

KTEC tracks a market-cap-weighted index of the 30 largest Chinese technology companies.


Rules-Based, Concentrated

MANAGEMENT MATRIX

KWEB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorCICC
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJun 09, 2021
Assets (mns)$7
Expense ratio68 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings Transparency
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TENCENT HOLDINGS LTD 7.9 %
MEITUAN DIANPING 7.9 %
ALIBABA GROUP HOLDING LTD. 7.8 %
KUAISHOU TECHNOLOGY CLASS B 7.8 %
XIAOMI CORP. CLASS B 7.7 %
JD.COM, INC. CLASS A 7.6 %
JD HEALTH INTERNATIONAL, INC. 5.6 %
NETEASE, INC 5.3 %
SUNNY OPTICAL TECH 4.6 %
BAIDU, INC. CLASS A 4.3 %
Constituent Breakdown
Number of holdings29
Herfindahl-Hirschman Index 527
Wgt avg mkt cap (mns)$115,774
Large cap (>$10bn)80.9%
Mid cap ($2-10bn)16.6%
Small cap (<$2bn)0.0%
Developed mkts.33.1%
Emerging mkts.66.9%
Country Exposure
CHINA 86.8 %
HONG KONG 6.5 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-29.9% -32.9% -- -- -- -- -39.9%
Market Correlations
versus...BetaR-squared
S&P 5000.171%
MSCI EAFE0.8512%
MSCI Emg Mkts1.9964%
Liquidity Measures
Avg. volume (000)19
Turnover3.5%
Avg. Bid/Ask (% of price)0.40%
ADV of underlying (mns)$3,297
Technical Indicators
Recent close$13.24
30d moving avg.$10.68
Annualized volatility47.9%
Relative strength (RSI)63
Short interest (ETF)9.4%
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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Risk and Returns: KTEC vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
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
  2021 2022E Fwd Est 2023E
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 --%
1.0 19.7 3.1 0.8% --
Based on closing prices from 12/6/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KTEC



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™

KTEC

-1.2%

Cat. Avg

8.2%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-1.2%
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 183 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.2% and a standard deviation of 4.4%. KTEC's ALTAR Score™ is approximately 2.2 standard deviations below the category average. This places KTEC in the 2nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
KTEC
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)
KTEC 68.0 39.5 107.5
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.