KBA
KraneShares Bosera MSCI China A 50 Connect Index ETF
KraneShares Bosera MSCI China A is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI China A index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
194.1 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Krane Fund Advisors LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 04, 2014 |
| Assets (mns) | $194 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| 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
| KWEICHOW MOUTAI CO LTD-A | 6.2 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 6.1 % |
| ZIJIN MINING GROUP CO LTD-A | 5.9 % |
| FOXCONN INDUSTRIAL INTERNET CO., LTD. CL | 5.1 % |
| LUXSHARE PRECISION INDUSTR-A | 4.6 % |
| YANTAI WANHUA POLYURETHANE-A | 4.5 % |
| CHINA YANGTZE POWER CO LTD-A | 4.3 % |
| CHINA MERCHANTS BANK -A | 3.6 % |
| BYD CO LTD -A | 3.6 % |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS | 3.1 % |
Constituent Breakdown
| Number of holdings | 54 |
| Herfindahl-Hirschman Index | 310 |
| Wgt avg mkt cap (mns) | $83,405 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 4.0% |
| Emerging mkts. | 96.0% |
Country Exposure
 |
CHINA | 98.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.6% | 11.6% | -2.5% | -11.4% | 1.6% | 1.8% | 4.5% | Volatility | 28.7% | 27.1% | 24.5% | 25.2% | 25.9% | 28.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.20 | 2% |
| MSCI EAFE | 0.52 | 12% |
| MSCI Emg Mkts | 1.01 | 45% |
Liquidity Measures
| Avg. volume (000) | 150 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $14,105 |
Technical Indicators
| Recent close | $23.38 |
| 30d moving avg. | $24.17 |
| Annualized volatility | 26.3% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 5.3% |
| 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. KBA |
Expenses vs. KBA |
ALTAR Score™ vs. KBA |
|---|---|---|---|---|
| AFTY | Pacer CSOP FTSE China A50 ETF | 70.2% | +15 bp | +0.4% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 47.3% | +10 bp | -0.7% |
| RAYC | Rayliant Quantamental China Equity ETF | 43.3% | +25 bp | -0.1% |
| CNYA | iShares MSCI China A ETF | 38.8% | +5 bp | -0.5% |
| KALL | KraneShares MSCI All China Index ETF | 24.3% | -6 bp | +0.4% |
| JCHI | JPMorgan Active China ETF | 19.3% | +10 bp | -0.9% |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 16.5% | +24 bp | -2.9% |
| MCH | Matthews China Active ETF | 16.4% | +24 bp | -3.3% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 14.1% | -23 bp | -2.6% |
| EMDV | ProShares MSCI Emerging Markets Dividend Growers ETF | 13.4% | +5 bp | +1.2% |
Risk and Returns: KBA 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 12/20/2024
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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
KBA
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
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.
ALTAR Score™
KBA
8.7%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. KBA's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places KBA in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KBASELL
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 |
| KBA (55 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KBA | 55.0 | 7.1 | 62.1 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .