KVLE
KraneShares Value Line Dynamic Dividend Equity Index ETF
KVLE tracks a multi-factor-weighted index of US large-cap stocks with high dividend yields and rated highly on a safety and timeliness ranking system.
Fund Basics
| Fund sponsor | CICC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 24, 2020 |
| Assets (mns) | $31 |
| Expense ratio | 56 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 5.3 % |
| MICROSOFT CORP | 5.0 % |
| APPLE INC | 3.9 % |
| HOME DEPOT INC | 2.4 % |
| META PLATFORMS INC | 2.2 % |
| AMAZON.COM INC | 2.0 % |
| TEXAS INSTRUMENTS INC | 1.9 % |
| COMCAST CORP-CL A | 1.9 % |
| CISCO SYSTEMS INC | 1.9 % |
| RAYTHEON TECHNOLOGIES CORPORATION | 1.8 % |
Constituent Breakdown
| Number of holdings | 70 |
| Herfindahl-Hirschman Index | 200 |
| Wgt avg mkt cap (mns) | $540,001 |
| Large cap (>$10bn) | 84.7% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 85% |
| MSCI EAFE | 0.83 | 84% |
| MSCI Emg Mkts | 0.60 | 47% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $105,218 |
Technical Indicators
| Recent close | $24.06 |
| 30d moving avg. | $22.12 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 74 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 1.7% |
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. KVLE |
Expenses vs. KVLE |
ALTAR Score™ vs. KVLE |
|---|---|---|---|---|
| FDRR | Fidelity Dividend ETF for Rising Rates | 32.5% | -41 bp | +1.6% |
| JHDV | John Hancock U.S. High Dividend ETF | 32.4% | -22 bp | +0.2% |
| USMC | Principal U.S. Mega-Cap ETF | 31.9% | -44 bp | -1.2% |
| OEF | iShares S&P 100 ETF | 31.3% | -36 bp | -1.2% |
| QDEF | FlexShares Quality Dividend Defensive Index Fund | 31.2% | -19 bp | -1.4% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 30.9% | -49 bp | -1.0% |
| IWL | iShares Russell Top 200 ETF | 30.8% | -41 bp | -1.2% |
| MGC | Vanguard Mega Cap ETF | 30.8% | -49 bp | -1.1% |
| HDUS | Hartford Disciplined US Equity ETF | 30.5% | -37 bp | 0.0% |
| QLC | FlexShares US Quality Large Cap Index Fund | 30.5% | -31 bp | -0.6% |
Risk and Returns: KVLE 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 5/13/2024
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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
KVLE
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™
KVLE
6.1%
Cat. Avg
5.7%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.1% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 891 funds in the US Equities category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. KVLE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places KVLE in the 55th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KVLE
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) |
|
|---|---|---|---|
| KVLE | 56.0 | 28.2 | 84.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .