KVLE
KraneShares Value Line Dynamic Dividend Equity Index ETF
KVLE tracks a multi-factor-weighted index of US large-cap stocks with high dividend yields and rated highly on a safety and timeliness ranking system.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
34.0 M
ASSETS UNDER MGMT
56 bp
EXPENSES
Fund Basics
| Fund sponsor | CICC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 24, 2020 |
| Assets (mns) | $34 |
| Expense ratio | 56 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 5.9 % |
| NVIDIA CORP | 5.5 % |
| APPLE INC | 3.7 % |
| AMAZON.COM INC | 3.0 % |
| HOME DEPOT INC | 2.4 % |
| META PLATFORMS INC | 2.3 % |
| PFIZER INC | 2.0 % |
| CISCO SYSTEMS INC | 2.0 % |
| GOLDMAN SACHS GROUP INC | 1.9 % |
| DUKE ENERGY CORP | 1.7 % |
Constituent Breakdown
| Number of holdings | 84 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $581,089 |
| Large cap (>$10bn) | 87.7% |
| Mid cap ($2-10bn) | 10.2% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.4% | 31.2% | 16.7% | 9.1% | -- | -- | 13.1% | Volatility | 11.1% | 11.5% | 12.6% | 14.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 85% |
| MSCI EAFE | 0.77 | 80% |
| MSCI Emg Mkts | 0.62 | 49% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $139,022 |
Technical Indicators
| Recent close | $27.21 |
| 30d moving avg. | $26.79 |
| Annualized volatility | 15.3% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.7% |
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. KVLE |
Expenses vs. KVLE |
ALTAR Score™ vs. KVLE |
|---|---|---|---|---|
| QDEF | FlexShares Quality Dividend Defensive Index Fund | 39.4% | -19 bp | -2.1% |
| FDRR | Fidelity Dividend ETF for Rising Rates | 37.8% | -41 bp | +1.5% |
| JHDV | John Hancock U.S. High Dividend ETF | 37.6% | -22 bp | +0.3% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 37.5% | -49 bp | -1.0% |
| OEF | iShares S&P 100 ETF | 37.3% | -36 bp | -1.2% |
| MGC | Vanguard Mega Cap ETF | 37.0% | -49 bp | -1.1% |
| IWL | iShares Russell Top 200 ETF | 36.6% | -41 bp | -1.2% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 36.5% | -49 bp | -1.0% |
| FELC | Fidelity Enhanced Large Cap Core ETF | 36.4% | -38 bp | -0.6% |
| QDF | FlexShares Quality Dividend Index Fund | 36.4% | -19 bp | -1.8% |
Risk and Returns: KVLE 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 11/15/2024
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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
KVLE
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
KVLE
6.0%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. KVLE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places KVLE in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KVLESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KVLE (56 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KVLE | 56.0 | 28.2 | 84.2 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .