KraneShares Bosera MSCI China A 50 Connect Index ETF
ALTAR
Score™		 8.4% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.6x P/Sales
ratio		 1.1x
P/BV
ratio		 1.6x Div.
yield		 2.8%


  • 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) $193
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) $79,639
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 3.1%
Emerging mkts 96.9%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 7.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 6.1 %
YANTAI WANHUA POLYURETHANE-A 5.3 %
ZIJIN MINING GROUP CO LTD-A 5.1 %
FOXCONN INDUSTRIAL INTERNET CO., L 4.7 %
BYD CO LTD -A 3.7 %
LUXSHARE PRECISION INDUSTR-A 3.6 %
CHINA MERCHANTS BANK -A 3.6 %
CHINA YANGTZE POWER CO LTD-A 3.5 %
XI'AN LONGI SILICON MATERIALS CO., 2.9 %
Total 46.2 %

TOP COUNTRY EXPOSURE
CHINA 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.1% -18.2% -1.6% -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.21 2%
MSCI EAFE 0.55 15%
MSCI Emg. Mkts. 0.87 41%

Technical Indicators
Recent close $21.71
30d moving avg. $21.39
Annualized volatility 24.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 60
Turnover 0.7%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $10,244

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 108 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™: 8.4%


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
(%)
AFTY Pacer CSOP FTSE China A50 ETF 67.8 70 -15 9.2 +0.8
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 45.8 65 -10 8.8 +0.4
RAYC Rayliant Quantamental China Equity ETF 42.0 80 -25 8.5 +0.1
CNYA iShares MSCI China A ETF 37.6 60 -5 8.5 +0.1
KALL KraneShares MSCI All China Index ETF 24.0 49 6 9.6 +1.2
JCHI JPMorgan Active China ETF 20.8 65 -10 8.2 -0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.4 32 23 5.9 -2.5
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 13.4 65 -10 4.9 -3.5
KBUY KraneShares CICC China Consumer Leaders Index ETF 13.3 69 -14 0.0 -8.4
KGRN KraneShares MSCI China Clean Technology Index ETF 12.5 79 -24 6.4 -2.0
MCH Matthews China Active ETF 12.1 79 -24 6.4 -2.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.5 60 -5 10.0 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 10.1 79 -24 10.3 +1.9
EV Mast Global Battery Recycling & Production ETF 9.9 65 -10 12.7 +4.4
KURE KraneShares MSCI All China Health Care Index ETF 7.8 65 -10 3.7 -4.7
FLCH Franklin FTSE China ETF 7.5 19 36 10.0 +1.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.4 72 -17 2.1 -6.3
TCHI iShares MSCI China Multisector Tech ETF 7.0 59 -4 3.1 -5.3
CGRO CoreValues Alpha Greater China Growth ETF 7.0 75 -20 2.7 -5.7
MCHI iShares MSCI China ETF 6.5 59 -4 9.4 +1.0
BATT Amplify Lithium & Battery Technology ETF 6.1 59 -4 2.9 -5.5
ICLN iShares Global Clean Energy ETF 6.0 41 14 4.3 -4.1
LIT Global X Lithium & Battery Tech ETF 5.1 75 -20 10.0 +1.6
MEM Matthews Emerging Markets Equity Active ETF 4.7 79 -24 5.9 -2.5
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.1 45 10 6.4 -2.0
RAYS Global X Solar ETF 4.0 51 4 4.6 -3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.0 33 22 7.3 -1.1
GXC SPDR S&P China ETF 3.9 59 -4 9.4 +1.0
TTAI FCF International Quality ETF 3.6 59 -4 7.4 -1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 23 6.4 -2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.0 45 10 8.7 +0.3
LUX Tema Luxury ETF 2.9 75 -20 3.3 -5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.7 50 5 10.7 +2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 2.6 36 19 6.9 -1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.5 44 11 10.4 +2.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.5 25 30 7.1 -1.3
GSFP Goldman Sachs Future Planet Equity ETF 2.5 75 -20 4.6 -3.8
DEHP Dimensional Emerging Markets High Profitability ETF 2.5 41 14 7.4 -1.0
KSTR KraneShares SSE STAR Market 50 Index ETF 2.3 89 -34 2.6 -5.8
BKF iShares MSCI BIC ETF 2.3 69 -14 7.4 -1.0
FLAX Franklin FTSE Asia Ex Japan ETF 2.3 19 36 7.3 -1.1
EEMA iShares MSCI Emerging Markets Asia ETF 2.2 49 6 6.8 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.1 30 25 8.7 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.0 70 -15 6.5 -1.9
BLLD JPMorgan Sustainable Infrastructure ETF 2.0 49 6 6.3 -2.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.9 63 -8 13.0 +4.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 6 5.9 -2.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.8 45 10 4.9 -3.5
ESGE iShares ESG Aware MSCI EM ETF 1.8 25 30 7.8 -0.6
CHIQ Global X MSCI China Consumer Discretionary ETF 1.8 65 -10 5.6 -2.8
IGRO iShares International Dividend Growth ETF 1.7 15 40 7.2 -1.2
VWO Vanguard FTSE Emerging Markets ETF 1.7 8 47 7.7 -0.7
ETEC iShares Breakthrough Environmental Solutions ETF 1.6 47 8 5.4 -3.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 -11 7.4 -1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.6 36 19 7.6 -0.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.6 11 44 7.8 -0.6
CQQQ Invesco China Technology ETF 1.4 70 -15 -6.0 -14.4
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 39 7.6 -0.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 35 6.8 -1.6
EEM iShares MSCI Emerging Markets ETF 1.4 69 -14 7.1 -1.3
EMGF iShares Emerging Markets Equity Factor ETF 1.3 25 30 8.8 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 6 6.5 -1.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.3 59 -4 9.7 +1.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.2 15 40 7.2 -1.2
LDEM iShares ESG MSCI EM Leaders ETF 1.2 17 38 7.9 -0.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 20 7.8 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 1.2 49 6 8.5 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 6 12.7 +4.3
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 46 7.7 -0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 -12 17.2 +8.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.1 20 35 7.7 -0.7
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 -4 3.6 -4.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.1 41 14 7.9 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 48 7.6 -0.8
XT iShares Exponential Technologies ETF 0.9 46 9 3.9 -4.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 25 7.6 -0.7
CGXU Capital Group International Focus Equity ETF 0.8 54 1 4.2 -4.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 17 8.4 -0.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.7 70 -15 14.0 +5.6
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 16 9.2 +0.8
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 6 4.7 -3.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -23 9.1 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.6 34 21 6.8 -1.6
DFEV Dimensional Emerging Markets Value ETF 0.6 43 12 11.1 +2.7
JIG JPMorgan International Growth ETF 0.6 55 0 4.4 -4.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 47 7.3 -1.1
RING iShares MSCI Global Gold Miners ETF 0.5 39 16 5.9 -2.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.5 46 9 9.0 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 14 6.8 -1.6
GLOF iShares Global Equity Factor ETF 0.5 20 35 7.1 -1.3
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 48 7.0 -1.4
VYMI Vanguard International High Dividend Yield ETF 0.4 22 33 9.9 +1.5
VXUS Vanguard Total International Stock ETF 0.4 7 48 7.2 -1.2
VSGX Vanguard ESG International Stock ETF 0.4 12 43 6.9 -1.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.4 20 35 10.9 +2.5
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -7 3.7 -4.7
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 43 5.1 -3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 35 5.7 -2.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 43 8.8 +0.4
ACWI iShares MSCI ACWI ETF 0.2 32 23 5.5 -2.9
FILL iShares MSCI Global Energy Producers ETF 0.2 39 16 9.3 +0.9
VT Vanguard Total World Stock ETF 0.2 7 48 5.9 -2.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 25 6.9 -1.5
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 40 5.6 -2.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 25 7.9 -0.5
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -34 4.8 -3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 46 5.8 -2.6
SCHE Schwab Emerging Markets Equity ETF 0.0 11 44 7.7 -0.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.23 CATEGORY
AVERAGE		 1.39
 
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.