KraneShares Bosera MSCI China A 50 Connect Index ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.7x P/Sales
ratio		 1.7x
P/BV
ratio		 1.6x Div.
yield		 2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
KraneShares Bosera MSCI China A is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI China A index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Krane Fund Advisors LLC
Website http://kraneshares.com/
Inception date Mar 04, 2014
Assets (mns) $224
Currency USD
Expense ratio 55 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $117,884
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 4.0%
Emerging mkts 96.0%

TOP TEN HOLDINGS
CONTEMPORARY AMPEREX TECHNOLOGY CO 7.4 %
ZIJIN MINING GROUP CO LTD-A 6.6 %
KWEICHOW MOUTAI CO LTD-A 5.1 %
FOXCONN INDUSTRIAL INTERNET CO., L 4.9 %
ZHONGJI INNOLIGHT CO., LTD. CLASS 4.1 %
BYD CO LTD -A 3.9 %
CAMBRICON TECHNOLOGIES CORP. LTD. 3.4 %
CHINA MOLYBDENUM CO., LTD. CLASS A 3.3 %
CHINA MERCHANTS BANK -A 3.2 %
HYGON INFORMATION TECHNOLOGY CO., 3.1 %
Total 45.0 %

TOP COUNTRY EXPOSURE
CHINA 98.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
33.9% 33.9% 5.1% 6.6% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.38 14%
MSCI EAFE 0.54 21%
MSCI Emg. Mkts. 0.73 45%

Technical Indicators
Recent close $30.90
30d moving avg. $30.05
Annualized volatility 23.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $13,910

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 82 potential alternatives to the KraneShares Bosera MSCI China A 50 Connect Index ETF ETF based on the alternatives' overlap in portfolio holdings with KBA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KBA Expense: 55 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KBA
Ticker Fund
Name		 Overlap1
vs KBA
(%)		 Expense
ratio
(bp)		 Savings
vs KBA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KBA
(%)
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 48.6 65 -10 6.4 -0.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.8 32 23 11.7 +5.3
JCHI JPMorgan Active China ETF 18.4 65 -10 13.3 +6.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 15.5 60 -5 7.6 +1.2
KGRN KraneShares MSCI China Clean Technology Index ETF 15.0 79 -24 0.3 -6.1
MCH Matthews China Active ETF 14.6 79 -24 13.2 +6.8
TCHI iShares MSCI China Multisector Tech ETF 14.4 59 -4 15.7 +9.3
EV Mast Global Battery Recycling & Production ETF 11.9 65 -10 7.2 +0.7
DRGN Themes China Generative Artificial Intelligence ETF 11.5 39 16 9.4 +2.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 10.8 72 -17 -1.3 -7.7
OBOR KraneShares MSCI One Belt One Road Index ETF 7.2 79 -24 7.4 +1.0
MINV Matthews Asia Innovators Active ETF 7.0 79 -24 5.8 -0.6
CGRO CoreValues Alpha Greater China Growth ETF 6.6 75 -20 3.0 -3.4
KSTR KraneShares SSE STAR Market 50 Index ETF 6.6 89 -34 0.7 -5.7
FLCH Franklin FTSE China ETF 6.5 19 36 14.7 +8.3
BATT Amplify Lithium & Battery Technology ETF 6.3 59 -4 1.8 -4.6
AIS VistaShares Artificial Intelligence Supercycle ETF 5.8 75 -20 2.2 -4.3
LIT Global X Lithium & Battery Tech ETF 5.7 75 -20 6.0 -0.5
JADE JPMorgan Active Developing Markets Equity ETF 5.4 65 -10 6.9 +0.4
KURE KraneShares MSCI All China Health Care Index ETF 4.9 65 -10 3.0 -3.4
VCLN Virtus Duff & Phelps Clean Energy ETF 4.5 59 -4 3.9 -2.5
ECON Columbia Emerging Markets Consumer ETF 4.3 49 6 10.4 +4.0
TTAI FCF International Quality ETF 3.8 59 -4 6.4 +0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.8 32 23 7.3 +0.9
DEM WisdomTree Emerging Markets High Dividend Fund 3.5 63 -8 12.2 +5.8
NUEM Nuveen ESG Emerging Markets Equity ETF 3.3 36 19 6.9 +0.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.1 33 22 8.5 +2.1
MEM Matthews Emerging Markets Equity Active ETF 3.1 79 -24 6.7 +0.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 2.5 75 -20 2.5 -4.0
CHIQ Global X MSCI China Consumer Discretionary ETF 2.4 65 -10 11.3 +4.9
AIVC Amplify Bloomberg AI Value Chain ETF 2.2 59 -4 4.5 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 2.2 19 36 7.8 +1.3
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.2 45 10 1.6 -4.8
CQQQ Invesco China Technology ETF 2.1 70 -15 13.3 +6.9
DEHP Dimensional Emerging Markets High Profitability ETF 2.0 41 14 5.5 -0.9
GXC SPDR S & P China ETF 2.0 59 -4 15.1 +8.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.0 50 5 9.7 +3.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 40 8.8 +2.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.7 11 44 8.3 +1.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.7 66 -11 8.1 +1.7
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.7 15 40 6.8 +0.4
VWO Vanguard FTSE Emerging Markets ETF 1.7 7 48 9.4 +2.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.7 36 19 8.4 +1.9
POW VistaShares Electrification Supercycle ETF 1.6 75 -20 3.2 -3.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.5 46 9 8.8 +2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 10 8.8 +2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.4 30 25 7.8 +1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.4 44 11 9.7 +3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 14 7.4 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.3 49 6 8.6 +2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 -4 7.9 +1.4
JIG JPMorgan International Growth ETF 1.1 55 0 4.1 -2.3
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 20 7.8 +1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.9 42 13 5.8 -0.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.9 88 -33 7.4 +1.0
CHAT Roundhill Generative AI & Technology ETF 0.9 75 -20 6.5 +0.1
AGMI Themes Silver Miners ETF 0.9 35 20 3.3 -3.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 6 8.7 +2.3
URAN Themes Uranium & Nuclear ETF 0.8 35 20 1.3 -5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 17 7.8 +1.4
DFEV Dimensional Emerging Markets Value ETF 0.7 43 12 10.9 +4.4
BOTT Themes Robotics & Automation ETF 0.7 35 20 -1.5 -7.9
HUMN Roundhill Humanoid Robotics ETF 0.7 75 -20 1.0 -5.4
VYMI Vanguard International High Dividend Yield ETF 0.7 17 38 8.4 +2.0
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 45 5.8 -0.6
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 48 9.6 +3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.6 30 25 8.5 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 4 51 7.1 +0.7
ION ProShares S&P Global Core Battery Metals ETF 0.5 58 -3 6.2 -0.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 37 6.7 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 14 6.7 +0.2
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 -20 7.2 +0.8
VSGX Vanguard ESG International Stock ETF 0.5 10 45 6.9 +0.5
VXUS Vanguard Total International Stock ETF 0.5 5 50 7.0 +0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 6 14.1 +7.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 43 4.4 -2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 25 6.8 +0.4
VT Vanguard Total World Stock ETF 0.2 6 49 5.2 -1.2
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -5 3.5 -3.0
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 25 6.7 +0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 43 8.2 +1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 46 5.0 -1.5

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%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 KraneShares Bosera MSCI China A 50 Connect Index ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.54
 
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.