KFVG
KraneShares CICC China 5G & Semiconductor Index ETF
KFVG tracks a market-cap weighted index of Chinese companies in the 5G and semiconductor-related industries.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
7.9 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | CICC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 24, 2020 |
| Assets (mns) | $8 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| 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
| FOXCONN INDUSTRIAL INTERNET CO., LTD. CL | 9.1 % |
| XIAOMI CORP. CLASS B | 8.1 % |
| LUXSHARE PRECISION INDUSTR-A | 7.0 % |
| BEIJING SEVENSTAR ELECTRONICS CO., LTD. | 4.6 % |
| HYGON INFORMATION TECHNOLOGY CO., LTD. C | 4.5 % |
| BOE TECHNOLOGY GROUP CO LT-A | 3.7 % |
| ZHONGJI INNOLIGHT CO., LTD. CLASS A | 3.5 % |
| WILL SEMICONDUCTOR LTD. CLASS A | 3.3 % |
| ZTE CORP-H | 3.2 % |
| CAMBRICON TECHNOLOGIES CORP. LTD. CLASS | 2.6 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 367 |
| Wgt avg mkt cap (mns) | $25,019 |
| Large cap (>$10bn) | 67.0% |
| Mid cap ($2-10bn) | 31.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 11.6% |
| Emerging mkts. | 88.4% |
Country Exposure
 |
CHINA | 100.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 30.7% | 29.6% | 28.0% | 30.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 12% |
| MSCI EAFE | 0.66 | 15% |
| MSCI Emg Mkts | 1.05 | 35% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $11,797 |
Technical Indicators
| Recent close | $14.40 |
| 30d moving avg. | $14.44 |
| Annualized volatility | 30.9% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.2% |
| 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. KFVG |
Expenses vs. KFVG |
ALTAR Score™ vs. KFVG |
|---|---|---|---|---|
| TCHI | iShares MSCI China Multisector Tech ETF | 21.0% | -6 bp | -2.0% |
| KSTR | KraneShares SSE STAR Market 50 Index ETF | 19.8% | +24 bp | -1.7% |
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 12.1% | -10 bp | +4.8% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 11.5% | +4 bp | -7.6% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 10.6% | 0 bp | +4.3% |
| RAYC | Rayliant Quantamental China Equity ETF | 10.3% | +15 bp | +5.0% |
| JCHI | JPMorgan Active China ETF | 10.2% | 0 bp | +4.3% |
Risk and Returns: KFVG 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 9/27/2024
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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
KFVG
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
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.
ALTAR Score™
KFVG
3.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. KFVG's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places KFVG in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KFVGSELL
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 |
| KFVG (65 bp) Percentile rank | 51 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KFVG | 65.0 | 39.0 | 104 |
| Peer Avg. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .