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Trending ETFs

Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.46

$77.4 M

1.81%

$0.57

0.59%

Vitals

YTD Return

10.3%

1 yr return

20.2%

3 Yr Avg Return

3.0%

5 Yr Avg Return

7.5%

Net Assets

$77.4 M

Holdings in Top 10

26.7%

52 WEEK LOW AND HIGH

$31.2
$24.96
$31.46

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.46

$77.4 M

1.81%

$0.57

0.59%

KEMX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.90%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    KraneShares MSCI Emerging Markets ex China Index ETF
  • Fund Family Name
    Krane Funds Advisors, LLC
  • Inception Date
    Apr 12, 2019
  • Shares Outstanding
    1099927
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Shelon

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its Underlying Index or in instruments that have economic characteristics similar to those in the Underlying Index. The Underlying Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of mid- and large-cap companies of emerging market countries, excluding China. The Underlying Index is based on the MSCI Emerging Markets Index, but excludes the securities of Chinese issuers. The Underlying Index generally classifies an issuer as coming from a particular country based on where it is incorporated and where its stock is primarily listed. When an issuer’s securities are primarily listed outside of its country of incorporation, the Underlying Index also considers the following factors, among others, in determining where the issuer is from: (1) the secondary listings, if any, of the issuer’s securities; (2) the geographic distribution of the issuer’s shareholder base; (3) the location of its headquarters; (4) the geographic distribution of its operations (in terms of assets and revenues); (5) the issuer’s history, and (6) the country with which investors associate the issuer. Each issuer and its securities are classified in only one country.

The Underlying Index, as of each rebalance, includes equity securities that, among other matters: (1) are issued by companies from Emerging Market countries (as defined below); and (2) are issued by companies whose free-float market capitalizations are in the top 85% of the Emerging Market from which they come.

As of May 31, 2023, the Underlying Index included issuers from the following “Emerging Markets”: Brazil, Chile, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

The Fund may invest up to 20% of its assets in instruments that are not included in the Underlying Index, but that Krane believes will help the Fund track the Underlying Index. These investments may include equity securities and depositary receipts of issuers whose securities are not constituents of the Underlying Index, derivative instruments (including swaps, futures, forwards, structured notes and options), other investment companies (including exchange traded funds or “ETFs”) and cash or cash equivalents (including money market funds). The other investment companies in which the Fund may invest may be advised, sponsored or otherwise serviced by Krane and/or its affiliates.

Although the Fund reserves the right to replicate (or hold all constituents of) the Underlying Index, the Fund expects to use representative sampling to track the Underlying Index. “Representative sampling” is a strategy that involves investing in a representative sample of securities that collectively have an investment profile similar to the Underlying Index.

To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of May 31, 2023, the Underlying Index included 662 securities of companies with a market capitalization range of approximately $464.8 million to $447.3 billion and an average market capitalization of approximately $6.8 billion. The largest country representations in the Underlying Index were Taiwan (22.85%), India (20.25%), and South Korea (18.05%). The largest sectors represented in the Underlying Index were the Information Technology sector (28.13%) and Financials sector (23.92%). The Underlying Index is rebalanced quarterly.

The Fund may engage in securities lending.

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KEMX - Performance

Return Ranking - Trailing

Period KEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -6.8% 23.8% 51.10%
1 Yr 20.2% -8.9% 35.9% 14.66%
3 Yr 3.0%* -20.1% 11.7% 7.91%
5 Yr 7.5%* -5.5% 12.2% 11.06%
10 Yr N/A* -2.7% 6.7% 64.96%

* Annualized

Return Ranking - Calendar

Period KEMX Return Category Return Low Category Return High Rank in Category (%)
2023 18.2% -6.5% 35.5% 8.28%
2022 -22.5% -50.1% -2.4% 31.86%
2021 5.5% -33.1% 22.5% 10.23%
2020 10.9% -22.1% 80.1% 72.76%
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period KEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -6.8% 23.8% 51.10%
1 Yr 20.2% -8.9% 35.9% 14.66%
3 Yr 3.0%* -20.1% 11.7% 7.91%
5 Yr 7.5%* -5.5% 12.2% 11.06%
10 Yr N/A* -2.7% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period KEMX Return Category Return Low Category Return High Rank in Category (%)
2023 20.6% -2.7% 42.0% 10.34%
2022 -19.3% -42.2% 1.9% 24.89%
2021 10.5% -32.5% 33.1% 11.28%
2020 12.8% -20.0% 81.6% 74.02%
2019 N/A 2.3% 42.0% N/A

KEMX - Holdings

Concentration Analysis

KEMX Category Low Category High KEMX % Rank
Net Assets 77.4 M 682 K 103 B 77.82%
Number of Holdings 298 10 7137 21.63%
Net Assets in Top 10 21 M 290 K 21.1 B 80.58%
Weighting of Top 10 26.70% 2.9% 140.4% 74.21%

Top 10 Holdings

  1. TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK 9.98%
  2. SAMSUNG ELECTRONICS CO LTD COMMON STOCK 5.42%
  3. INFOSYS LTD-SP ADR DEPOSITARY RECEIPT 1.91%
  4. SK HYNIX INC COMMON STOCK 1.64%
  5. HON HAI PRECISION INDUSTRY COMMON STOCK 1.49%
  6. ICICI BANK LTD COMMON STOCK 1.41%
  7. HDFC BANK LIMITED COMMON STOCK 1.30%
  8. MEDIATEK INC COMMON STOCK 1.25%
  9. TATA CONSULTANCY SVCS LTD COMMON STOCK 1.17%
  10. NASPERS LTD-N SHS COMMON STOCK 1.14%

Asset Allocation

Weighting Return Low Return High KEMX % Rank
Stocks
95.72% 0.00% 102.46% 67.91%
Preferred Stocks
3.74% 0.00% 14.66% 9.78%
Cash
0.54% -2.03% 40.36% 83.61%
Other
0.00% -0.14% 37.51% 37.74%
Convertible Bonds
0.00% 0.00% 7.40% 20.25%
Bonds
0.00% 0.00% 92.29% 29.75%

Stock Sector Breakdown

Weighting Return Low Return High KEMX % Rank
Technology
30.72% 0.00% 47.50% 10.60%
Financial Services
25.86% 0.00% 48.86% 17.57%
Basic Materials
11.30% 0.00% 30.03% 17.29%
Communication Services
8.08% 0.00% 39.29% 58.58%
Energy
5.98% 0.00% 24.80% 25.66%
Consumer Defense
5.56% 0.00% 25.90% 65.13%
Consumer Cyclical
4.96% 0.00% 48.94% 97.07%
Industrials
2.97% 0.00% 43.53% 87.87%
Healthcare
1.92% 0.00% 16.53% 82.43%
Utilities
1.63% 0.00% 39.12% 43.38%
Real Estate
1.03% 0.00% 17.15% 65.55%

Stock Geographic Breakdown

Weighting Return Low Return High KEMX % Rank
Non US
92.87% 0.00% 100.18% 20.25%
US
2.84% 0.00% 99.51% 83.88%

KEMX - Expenses

Operational Fees

KEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.03% 29.98% 90.06%
Management Fee 0.58% 0.00% 2.00% 14.34%
12b-1 Fee 0.00% 0.00% 1.00% 2.26%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

KEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

KEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 189.00% 12.98%

KEMX - Distributions

Dividend Yield Analysis

KEMX Category Low Category High KEMX % Rank
Dividend Yield 1.81% 0.00% 9.74% 42.98%

Dividend Distribution Analysis

KEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

KEMX Category Low Category High KEMX % Rank
Net Income Ratio 1.90% -1.98% 17.62% 18.71%

Capital Gain Distribution Analysis

KEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

KEMX - Fund Manager Analysis

Managers

Jonathan Shelon


Start Date

Tenure

Tenure Rank

Apr 12, 2019

3.14

3.1%

Jonathan Shelon, Managing Partner and Chief Operating Officer at Krane, also serves as a portfolio manager of each Fund and supports Mr. Schlarbaum and Krane’s investment team with respect to each Fund. Mr. Shelon has been a portfolio manager of each Fund since August 2018 (in the case of KraneShares CSI China Internet ETF, KraneShares Electric Vehicles and Future Mobility Index ETF, KraneShares Emerging Markets Consumer Technology Index ETF, KraneShares MSCI All China Healthcare Index ETF, KraneShares MSCI All China Index ETF, KraneShares MSCI China Environment Index ETF, KraneShares MSCI One Belt One Road Index ETF and KraneShares Zacks New China ETF) or since inception (in the case of KraneShares Emerging Markets Healthcare Index ETF, KraneShares MSCI All China Consumer Discretionary Index ETF, KraneShares MSCI All China Consumer Staples Index ETF and KraneShares MSCI China A Inclusion Hedged Index ETF,). Mr. Shelon joined Krane in 2015 as a Managing Partner. Mr. Shelon has spent the majority of his career managing investment portfolios and diverse teams at leading asset management organizations. Most recently, he was the Chief Investment Officer of a 40-person global Specialized Strategies Team at J.P. Morgan with $40 billion AUM. Prior to joining J.P. Morgan, Mr. Shelon spent ten years as a portfolio manager at Fidelity Investments since 2001 where he was responsible for the investment performance, process and evolution of their target-date strategies for retirement savings, college savings and income generation. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.

James Maund


Start Date

Tenure

Tenure Rank

Jan 14, 2020

2.38

2.4%

James Maund, Head of Capital Markets at Krane Funds Advisors LLC. He joined the Krane Funds Advisors in 2020 and has been in the investment management industry since 2005. Previously, he was a Vice President in the Institutional ETF Group and a member of the ETF Capital Markets Group at State Street Global Advisors (2010-2019); and an ETF trader at Goldman Sachs & Co (2005-2010). Mr. Maund graduated with a bachelor’s degree in economics from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.57 13.42