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

69.8 M

ASSETS UNDER MGMT

24 bp

EXPENSES
Fund Basics
Fund sponsorKraneShares
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateApr 12, 2019
Assets (mns)$70
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 14.2 %
SAMSUNG ELECTRONICS CO LTD 3.4 %
RELIANCE INDS-SPONS GDR 144A 2.1 %
INFOSYS TECHNOLOGIES-SP ADR 2.1 %
ICICI BANK LTD 1.7 %
HON HAI PRECISION INDUSTRY 1.6 %
HDFC BANK LIMITED 1.6 %
MEDIATEK INC 1.5 %
HYNIX SEMICONDUCTOR INC 1.4 %
BHARTI AIRTEL LIMITED 1.2 %
Constituent Breakdown
Number of holdings301
Herfindahl-Hirschman Index 267
Wgt avg mkt cap (mns)$166,851
Large cap (>$10bn)80.5%
Mid cap ($2-10bn)18.7%
Small cap (<$2bn)0.0%
Developed mkts.0.6%
Emerging mkts.99.4%
Country Exposure
TAIWAN 30.7 %
INDIA 24.4 %
SOUTH KOREA 15.4 %
BRAZIL 5.8 %
SOUTH AFRICA 4.7 %
MEXICO 2.8 %
INDONESIA 2.7 %
MALAYSIA 2.6 %
THAILAND 1.8 %
POLAND 1.6 %
Historical Performance


Standardized Performance (as of 12/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -5.8% -5.8% 6.6% -2.9% 2.7% -- 3.9%
Volatility 15.4% 15.3% 15.1% 16.9% 21.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8570%
MSCI EAFE0.9077%
MSCI Emg Mkts0.9078%
Liquidity Measures
Avg. volume (000)10
Turnover0.4%
Avg. Bid/Ask (% of price)0.35%
ADV of underlying (mns)$6,943
Technical Indicators
Recent close$27.79
30d moving avg.$29.17
Annualized volatility17.8%
Relative strength (RSI)39
Short interest (ETF)0.0%
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: KEMX vs. Comps (1 YR)

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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 --%
1.2 11.6 1.6 3.2% --
Based on closing prices from 1/10/2025
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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

KEMX

9.2%

Cat. Avg

7.9%


ALTAR Score™ Calculation

Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. KEMX's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places KEMX in the 62nd 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 9
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. 46.1 39.0 85.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .