KEMX

KraneShares MSCI Emerging Markets EX China Index ETF

KEMX is benchmarked to the MSCI Emerging Markets ex China Index, which tracks large-cap and mid-cap companies within emerging market countries, excluding China.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

64.7 M

ASSETS UNDER MGMT

24 bp

EXPENSES
Fund Basics
Fund sponsorKraneShares
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateApr 12, 2019
Assets (mns)$65
Expense ratio24 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC 13.1 %
SAMSUNG ELECTRONICS CO LTD 3.5 %
RELIANCE INDS-SPONS GDR 144A 2.1 %
INFOSYS TECHNOLOGIES-SP ADR 1.8 %
ICICI BANK LTD 1.6 %
MEDIATEK INC 1.6 %
HYNIX SEMICONDUCTOR INC 1.5 %
HON HAI PRECISION INDUSTRY 1.5 %
HDFC BANK LIMITED 1.5 %
NASPERS LTD CLASS N 1.5 %
Constituent Breakdown
Number of holdings296
Herfindahl-Hirschman Index 234
Wgt avg mkt cap (mns)$137,551
Large cap (>$10bn)81.5%
Mid cap ($2-10bn)17.6%
Small cap (<$2bn)0.0%
Developed mkts.0.6%
Emerging mkts.99.4%
Country Exposure
TAIWAN 29.7 %
INDIA 22.0 %
SOUTH KOREA 15.8 %
BRAZIL 6.3 %
SOUTH AFRICA 5.0 %
MEXICO 3.0 %
MALAYSIA 2.5 %
INDONESIA 2.4 %
POLAND 2.1 %
THAILAND 1.6 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -0.3% -2.8% 6.9% -0.8% 6.0% -- 4.1%
Volatility 15.6% 15.9% 14.8% 16.8% 21.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8974%
MSCI EAFE0.9077%
MSCI Emg Mkts0.9077%
Liquidity Measures
Avg. volume (000)7
Turnover0.3%
Avg. Bid/Ask (% of price)0.35%
ADV of underlying (mns)$6,943
Technical Indicators
Recent close$28.11
30d moving avg.$28.32
Annualized volatility17.8%
Relative strength (RSI)46
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: KEMX 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 2025E 2026E  
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
  2024 2025E Fwd Est 2026E
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 --%
1.2 11.7 1.5 3.4% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KEMX



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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

KEMX

8.3%

Cat. Avg

9.9%


ALTAR Score™ Calculation

Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™ of 9.9% and a standard deviation of 4.1%. KEMX's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places KEMX in the 36th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

KEMX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
KEMX (24 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
KEMX 24.0 35.0 59
Peer Avg. 48.3 42.3 90.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .