KraneShares Electric Vehicles & Future Mobility Index
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
20.4x P/Sales
ratio
1.2x
P/BV
ratio
2.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KraneShares Electric Vehicles and Future Mobility Index ETF is an exchange-traded fund incorporated in the USA. It seeks to measure the performance of Solactive Electric Vehicles and Future Mobility Index, which includes issuers engaged in the electri

FUND BASICS
Category Global Equities
Fund Sponsor KraneShares
Website kraneshares.com
Inception date Jan 18, 2018
Assets (mns) $26
Currency USD
Expense ratio 70 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $63,545
Large cap (>$10bn) 61.9%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 12.4%
Developed mkts 76.6%
Emerging mkts 23.4%

TOP TEN HOLDINGS
TESLA MOTORS INC 4.6 %
ADVANCED MICRO DEVICES 4.3 %
NVIDIA CORP 3.9 %
BAYERISCHE MOTOREN WERKE AG 3.8 %
VOLKSWAGEN AG-PFD 3.7 %
ALPHABET INC. CLASS A 3.6 %
DAIMLER AG-REGISTERED SHARES 3.4 %
ANALOG DEVICES INC 3.3 %
GENERAL MOTORS CO 3.2 %
TEXAS INSTRUMENTS INC 3.1 %
Total 36.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.4 %
CHINA 18.7 %
GERMANY 14.5 %
BRITAIN 2.7 %
SWITZERLAND 2.4 %
NETHERLANDS 2.1 %
IRELAND 2.0 %
SOUTH KOREA 1.8 %
CANADA 1.7 %
JAPAN 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.3% 15.3% -- -- -4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.34 80%
MSCI EAFE 1.46 70%
MSCI Emg. Mkts. 1.23 68%

Technical Indicators
Recent close $22.69
30d moving avg. $22.26
Annualized volatility 22.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 1.18%
ADV underlying (mns) $12,844

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the KraneShares Electric Vehicles & Future Mobility Index ETF based on the alternatives' overlap in portfolio holdings with KARS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KARS Expense: 70 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KARS
Ticker Fund
Name
Overlap1
vs KARS
(%)
Expense
ratio
(bp)
Savings
vs KARS
(bp)
ALTAR
Score™
(%)
ALTAR
vs KARS
(%)
IDRV iShares Self-driving EV & Tech 32.1 47 23 8.9 +2.4
EKAR Innovation Shares NextGen Vehicles & Technology 31.9 95 -25 6.9 +0.4
DRIV Global X Autonomous & Electric Vehicles 31.7 68 2 7.5 +1.0
SOXX iShares PHLX SOX Semiconductor 21.6 46 24 6.1 -0.5
XKST SPDR Kensho Smart Mobility 21.4 45 25 5.9 -0.6
CARZ First Trust NASDAQ Global Auto 21.4 70 0 14.9 +8.3
SMH VanEck Vectors Semiconductors 20.6 35 35 6.3 -0.2
QTEC First Trust NASDAQ 100 Tech 20.6 57 13 6.0 -0.5
XSD SPDR S&P Semiconductors 20.1 35 35 5.0 -1.5
LOUP Innovator Loup Frontier Tech 18.9 70 0 2.7 -3.9
GMAN Goldman Sachs Motif Manufacturing Revolution 18.7 50 20 4.8 -1.8
PSI Invesco Dynamic Semiconductors 18.4 58 12 5.8 -0.7
FTXL First Trust Nasdaq Semiconductor 15.5 60 10 6.4 -0.1
ARKQ ARK Industrial Innovation 15.3 75 -5 0.9 -5.6
XNTK SPDR NYSE Technology 14.9 35 35 5.6 -0.9
GDAT Goldman Sachs Motif Data-Driven World 14.1 50 20 6.0 -0.6
QTUM Defiance Quantum 12.5 40 30 6.4 -0.1
AIQ Global X Future Analytics Tech 12.1 68 2 4.5 -2.0
LIT Global X Lithium & Battery Tech ETF 11.4 75 -5 5.0 -1.5
IRBO iShares Robotics and Artificial Intelligence 11.3 47 23 1.9 -4.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
KraneShares Electric Vehicles & Future Mobility Index
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.