KSTR
KraneShares SSE STAR Market 50 Index ETF
KSTR tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
37.8 M
ASSETS UNDER MGMT
89 bp
EXPENSES
Fund Basics
| Fund sponsor | Krane Fund Advisors LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 27, 2021 |
| Assets (mns) | $38 |
| Expense ratio | 89 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
| HYGON INFORMATION TECHNOLOGY CO., LTD. C | 8.0 % |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC | 7.4 % |
| MONTAGE TECHNOLOGY CO., LTD. CLASS A | 6.1 % |
| CAMBRICON TECHNOLOGIES CORP. LTD. CLASS | 6.0 % |
| BEIJING KINGSOFT OFFICE SOFTWARE. INC. C | 5.2 % |
| SHANGHAI UNITED IMAGING HEALTHCARE CO., | 4.3 % |
| SHENZHEN TRANSSION HOLDING CO., LTD. CLA | 4.1 % |
| JINKO SOLAR CO., LTD. CLASS A | 3.3 % |
| BEIJING ROBOROCK TECHNOLOGY CO. LTD. CLA | 3.2 % |
| IRAY TECHNOLOGY CO., LTD CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 368 |
| Wgt avg mkt cap (mns) | $7,229 |
| Large cap (>$10bn) | 46.0% |
| Mid cap ($2-10bn) | 45.9% |
| Small cap (<$2bn) | 3.4% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
CHINA | 87.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.0% | 15.0% | -4.0% | -17.7% | -- | -- | -12.9% | Volatility | 61.9% | 57.4% | 43.9% | 40.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 10% |
| MSCI EAFE | 0.60 | 10% |
| MSCI Emg Mkts | 0.86 | 21% |
Liquidity Measures
| Avg. volume (000) | 65 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $2,968 |
Technical Indicators
| Recent close | $13.51 |
| 30d moving avg. | $13.46 |
| Annualized volatility | 32.8% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.3% |
| 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. KSTR |
Expenses vs. KSTR |
ALTAR Score™ vs. KSTR |
|---|---|---|---|---|
| KFVG | KraneShares CICC China 5G & Semiconductor Index ETF | 19.8% | -24 bp | +1.9% |
Risk and Returns: KSTR 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
KSTR
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™
KSTR
2.1%
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%. KSTR's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places KSTR in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KSTRSELL
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 |
| KSTR (89 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KSTR | 89.0 | 50.7 | 139.7 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .