KTEC
KraneShares Hang Seng TECH Index ETF
KTEC tracks a market-cap-weighted index of the 30 largest Chinese technology companies.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
14.0 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | CICC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 09, 2021 |
| Assets (mns) | $14 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALIBABA GROUP HOLDING LTD. | 8.8 % |
| MEITUAN DIANPING | 8.7 % |
| TENCENT HOLDINGS LTD | 8.7 % |
| XIAOMI CORP. CLASS B | 8.5 % |
| JD.COM, INC. CLASS A | 8.1 % |
| KUAISHOU TECHNOLOGY CLASS B | 7.1 % |
| NETEASE, INC | 6.5 % |
| LI AUTO, INC. CLASS A | 6.5 % |
| LENOVO GROUP LTD | 5.3 % |
| HAIER SMART HOME CO., LTD. CLASS H | 4.1 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 610 |
| Wgt avg mkt cap (mns) | $106,034 |
| Large cap (>$10bn) | 83.7% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 30.5% |
| Emerging mkts. | 69.5% |
Country Exposure
 |
CHINA | 91.9 % |
 |
HONG KONG | 6.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.3% | 17.1% | 23.3% | -11.4% | -- | -- | -17.0% | Volatility | 40.9% | 39.4% | 40.0% | 47.6% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 5% |
| MSCI EAFE | 1.01 | 17% |
| MSCI Emg Mkts | 1.96 | 60% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.48% |
| ADV of underlying (mns) | $4,198 |
Technical Indicators
| Recent close | $13.34 |
| 30d moving avg. | $14.11 |
| Annualized volatility | 44.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 2.2% |
| 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. KTEC |
Expenses vs. KTEC |
ALTAR Score™ vs. KTEC |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 56.1% | 0 bp | +2.3% |
| FXI | iShares China Large-Cap ETF | 49.7% | +5 bp | +11.9% |
| TCHI | iShares MSCI China Multisector Tech ETF | 42.8% | -10 bp | +5.5% |
| FDNI | First Trust Dow Jones International Internet ETF | 36.8% | -4 bp | +5.8% |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 35.4% | -4 bp | +9.6% |
| CQQQ | Invesco China Technology ETF | 35.3% | +1 bp | -4.4% |
| MCHI | iShares MSCI China ETF | 35.1% | -10 bp | +12.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 34.7% | -37 bp | +9.7% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 32.2% | +6 bp | +5.6% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 32.0% | -9 bp | +4.1% |
Risk and Returns: KTEC 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 11/21/2024
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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
KTEC
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™
KTEC
-3.6%
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%. KTEC's ALTAR Score™ is approximately
2.8 standard deviations
below
the category average. This places KTEC in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KTECSELL
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 |
| KTEC (69 bp) Percentile rank | 57 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KTEC | 69.0 | 48.4 | 117.4 |
| Peer Avg. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .