KraneShares Bosera MSCI China A 50 Connect Index ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.5x P/Sales
ratio		 1.7x
P/BV
ratio		 1.6x Div.
yield		 2.1%


  • 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) $234
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 53
Wgt avg mkt cap (mns) $122,334
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 9.0 %
ZIJIN MINING GROUP CO LTD-A 8.5 %
FOXCONN INDUSTRIAL INTERNET CO., L 8.3 %
KWEICHOW MOUTAI CO LTD-A 6.3 %
CAMBRICON TECHNOLOGIES CORP. LTD. 6.0 %
JIANGSU HENGRUI MEDICINE CO., LTD. 4.5 %
HYGON INFORMATION TECHNOLOGY CO., 4.2 %
CHINA MERCHANTS BANK -A 4.0 %
LUXSHARE PRECISION INDUSTR-A 3.9 %
CHINA YANGTZE POWER CO LTD-A 3.5 %
Total 58.2 %

TOP COUNTRY EXPOSURE
CHINA 113.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
29.3% 22.3% 1.2% 3.1% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.61 11%
MSCI EAFE 0.63 16%
MSCI Emg. Mkts. 0.86 35%

Technical Indicators
Recent close $30.00
30d moving avg. $30.14
Annualized volatility 23.2%
Short interest (ETF) 0.8%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 73
Turnover 0.9%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $13,910

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 106 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™: 7.2%


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 52.2 65 -10 7.0 -0.2
RAYC Rayliant Quantamental China Equity ETF 42.8 80 -25 8.2 +1.0
JCHI JPMorgan Active China ETF 25.0 65 -10 14.2 +7.0
KALL KraneShares MSCI All China Index ETF 22.3 49 6 12.7 +5.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 18.3 32 23 13.4 +6.2
DRGN Themes China Generative Artificial Intelligence ETF 17.8 39 16 10.7 +3.5
KGRN KraneShares MSCI China Clean Technology Index ETF 15.3 79 -24 0.4 -6.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 15.2 60 -5 7.9 +0.7
CNYA iShares MSCI China A ETF 14.7 60 -5 7.1 -0.1
MCH Matthews China Active ETF 13.5 79 -24 13.9 +6.7
TCHI iShares MSCI China Multisector Tech ETF 13.2 59 -4 16.8 +9.6
KSTR KraneShares SSE STAR Market 50 Index ETF 10.2 89 -34 0.9 -6.3
OBOR KraneShares MSCI One Belt One Road Index ETF 9.4 79 -24 8.0 +0.8
EV Mast Global Battery Recycling & Production ETF 8.3 65 -10 6.7 -0.5
KURE KraneShares MSCI All China Health Care Index ETF 7.3 65 -10 2.8 -4.4
BATT Amplify Lithium & Battery Technology ETF 7.2 59 -4 2.9 -4.3
MINV Matthews Asia Innovators Active ETF 6.8 79 -24 7.0 -0.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.6 72 -17 -1.3 -8.5
FLCH Franklin FTSE China ETF 6.3 19 36 15.3 +8.1
LIT Global X Lithium & Battery Tech ETF 6.3 75 -20 4.5 -2.7
AIS VistaShares Artificial Intelligence Supercycle ETF 5.6 75 -20 2.7 -4.5
JADE JPMorgan Active Developing Markets Equity ETF 4.8 65 -10 7.7 +0.5
CGRO CoreValues Alpha Greater China Growth ETF 4.7 75 -20 3.5 -3.7
ECON Columbia Emerging Markets Consumer ETF 4.7 49 6 11.6 +4.4
GSFP Goldman Sachs Future Planet Equity ETF 4.2 75 -20 4.2 -3.0
DEM WisdomTree Emerging Markets High Dividend Fund 4.1 63 -8 12.8 +5.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.1 33 22 9.3 +2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.8 32 23 8.4 +1.2
TTAI FCF International Quality ETF 3.8 59 -4 7.3 +0.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.8 49 6 5.9 -1.3
NUEM Nuveen ESG Emerging Markets Equity ETF 3.6 36 19 7.2 +0.0
ICLN iShares Global Clean Energy ETF 3.5 41 14 3.2 -4.0
MEM Matthews Emerging Markets Equity Active ETF 3.2 79 -24 7.3 +0.1
TEMP JPMorgan Climate Change Solutions ETF 3.1 49 6 5.6 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.9 50 5 10.2 +3.0
CQQQ Invesco China Technology ETF 2.7 70 -15 15.4 +8.2
FLAX Franklin FTSE Asia Ex Japan ETF 2.5 19 36 8.4 +1.2
AIVC Amplify Bloomberg AI Value Chain ETF 2.2 59 -4 6.0 -1.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.1 25 30 6.4 -0.8
GXC SPDR S & P China ETF 2.1 59 -4 15.6 +8.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.1 45 10 9.6 +2.4
CHIQ Global X MSCI China Consumer Discretionary ETF 2.0 65 -10 14.2 +7.0
MCHI iShares MSCI China ETF 2.0 59 -4 16.5 +9.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.9 11 44 9.2 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 9 9.6 +2.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.9 36 19 9.0 +1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.8 66 -11 8.9 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 1.8 41 14 6.4 -0.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.8 15 40 7.5 +0.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 40 9.6 +2.4
VWO Vanguard FTSE Emerging Markets ETF 1.6 7 48 10.1 +2.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 11 10.4 +3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.6 30 25 8.7 +1.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.2 49 6 9.4 +2.2
BKF iShares MSCI BIC ETF 1.2 69 -14 12.9 +5.7
IGRO iShares International Dividend Growth ETF 1.1 15 40 7.1 -0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -4 8.5 +1.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 14 8.2 +1.0
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 20 8.6 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 6 9.4 +2.2
URAN Themes Uranium & Nuclear ETF 0.9 35 20 1.4 -5.8
AGMI Themes Silver Miners ETF 0.8 35 20 4.4 -2.8
BOTT Themes Robotics & Automation ETF 0.8 35 20 -1.3 -8.5
JIG JPMorgan International Growth ETF 0.8 55 0 4.7 -2.5
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 16 9.1 +1.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 17 8.5 +1.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 6 9.0 +1.8
VYMI Vanguard International High Dividend Yield ETF 0.8 17 38 9.2 +2.0
DFEV Dimensional Emerging Markets Value ETF 0.7 43 12 11.8 +4.6
HUMN Roundhill Humanoid Robotics ETF 0.7 75 -20 2.0 -5.3
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 -3 7.3 +0.1
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 45 6.5 -0.7
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 48 10.3 +3.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.7 70 -15 8.4 +1.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -23 9.0 +1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.6 30 25 9.6 +2.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.6 18 37 7.3 +0.1
CHAT Roundhill Generative AI & Technology ETF 0.6 75 -20 7.9 +0.7
EMXF iShares ESG Advanced MSCI EM ETF 0.6 16 39 8.0 +0.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 35 6.0 -1.3
EEM iShares MSCI Emerging Markets ETF 0.6 69 -14 9.4 +2.2
EMC Global X Emerging Markets Great Consumer ETF 0.6 75 -20 7.5 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.6 41 14 7.2 0.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 4 51 7.8 +0.6
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 30 9.3 +2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 6 14.8 +7.6
VSGX Vanguard ESG International Stock ETF 0.5 10 45 7.6 +0.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.5 45 10 1.4 -5.9
CGXU Capital Group International Focus Equity ETF 0.5 54 1 5.6 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 38 13.8 +6.6
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 46 9.7 +2.5
VXUS Vanguard Total International Stock ETF 0.4 5 50 7.7 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 21 7.4 +0.2
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 30 10.7 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 35 5.6 -1.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 25 7.6 +0.4
VT Vanguard Total World Stock ETF 0.2 6 49 5.8 -1.4
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 48 7.6 +0.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 43 5.2 -2.0
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -5 4.5 -2.8
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 25 7.5 +0.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 20 16.1 +8.9
ACWI iShares MSCI ACWI ETF 0.1 32 23 5.5 -1.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.0 12 43 8.3 +1.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 46 5.6 -1.6
GLOF iShares Global Equity Factor ETF 0.0 20 35 6.8 -0.4

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 1.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 7.2 %
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.