KraneShares Bosera MSCI China A 50 Connect Index ETF
ALTAR
Score™		 8.5% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.1x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 2.7%


  • 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) $219
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) $85,850
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 4.2%
Emerging mkts 95.8%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 6.2 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 6.1 %
ZIJIN MINING GROUP CO LTD-A 5.9 %
FOXCONN INDUSTRIAL INTERNET CO., L 5.1 %
LUXSHARE PRECISION INDUSTR-A 4.6 %
YANTAI WANHUA POLYURETHANE-A 4.5 %
CHINA YANGTZE POWER CO LTD-A 4.3 %
CHINA MERCHANTS BANK -A 3.6 %
BYD CO LTD -A 3.6 %
SHENZHEN MINDRAY BIO-MEDICAL ELECT 3.1 %
Total 47.0 %

TOP COUNTRY EXPOSURE
CHINA 98.1 %










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.
16.1% 13.8% 2.1% 3.1% 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.22 2%
MSCI EAFE 0.50 11%
MSCI Emg. Mkts. 0.99 43%

Technical Indicators
Recent close $24.38
30d moving avg. $25.52
Annualized volatility 26.2%
Short interest (ETF) 1.6%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 204
Turnover 2.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $16,894

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 113 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™: 8.5%


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 70.2 70 -15 9.0 +0.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 47.3 65 -10 7.9 -0.5
RAYC Rayliant Quantamental China Equity ETF 43.3 80 -25 8.6 +0.1
CNYA iShares MSCI China A ETF 39.0 60 -5 8.0 -0.5
KALL KraneShares MSCI All China Index ETF 24.3 49 6 9.0 +0.6
JCHI JPMorgan Active China ETF 19.3 65 -10 8.0 -0.5
KGRN KraneShares MSCI China Clean Technology Index ETF 16.5 79 -24 5.6 -2.8
MCH Matthews China Active ETF 16.4 79 -24 5.4 -3.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 14.1 32 23 6.1 -2.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.4 60 -5 9.8 +1.4
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 12.1 65 -10 3.9 -4.6
OBOR KraneShares MSCI One Belt One Road Index ETF 11.5 79 -24 10.3 +1.8
EV Mast Global Battery Recycling & Production ETF 9.7 65 -10 12.2 +3.8
TCHI iShares MSCI China Multisector Tech ETF 8.9 59 -4 1.9 -6.6
CGRO CoreValues Alpha Greater China Growth ETF 8.5 75 -20 2.0 -6.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.9 72 -17 1.0 -7.5
FLCH Franklin FTSE China ETF 6.9 19 36 8.8 +0.4
KURE KraneShares MSCI All China Health Care Index ETF 6.8 65 -10 4.3 -4.2
IBAT iShares Energy Storage & Materials ETF 6.1 47 8 3.1 -5.4
BATT Amplify Lithium & Battery Technology ETF 6.1 59 -4 -0.1 -8.6
MCHI iShares MSCI China ETF 6.1 59 -4 8.4 -0.1
ICLN iShares Global Clean Energy ETF 4.7 41 14 6.0 -2.5
LIT Global X Lithium & Battery Tech ETF 4.3 75 -20 9.1 +0.6
GSFP Goldman Sachs Future Planet Equity ETF 4.3 75 -20 4.2 -4.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 4.2 45 10 5.7 -2.8
MEM Matthews Emerging Markets Equity Active ETF 4.1 79 -24 5.4 -3.1
CHIQ Global X MSCI China Consumer Discretionary ETF 4.0 65 -10 5.9 -2.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.9 33 22 8.2 -0.2
GXC SPDR S&P China ETF 3.2 59 -4 8.3 -0.1
BKF iShares MSCI BIC ETF 3.1 69 -14 6.9 -1.5
EQLT iShares MSCI Emerging Markets Quality Factor ETF 3.1 35 20 7.4 -1.1
ECON Columbia Emerging Markets Consumer ETF 2.9 49 6 7.3 -1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.9 32 23 6.2 -2.2
MINV Matthews Asia Innovators Active ETF 2.9 79 -24 3.0 -5.5
NUEM Nuveen ESG Emerging Markets Equity ETF 2.8 36 19 6.5 -2.0
DEHP Dimensional Emerging Markets High Profitability ETF 2.6 41 14 5.0 -3.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 50 5 13.0 +4.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.4 25 30 6.6 -1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.3 44 11 10.6 +2.2
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 49 6 6.5 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 2.0 19 36 6.9 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.0 30 25 8.1 -0.3
GBUY Goldman Sachs Future Consumer Equity ETF 2.0 75 -20 3.3 -5.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.9 70 -15 6.2 -2.3
TEMP JPMorgan Climate Change Solutions ETF 1.9 49 6 5.5 -3.0
ESGE iShares ESG Aware MSCI EM ETF 1.9 25 30 7.1 -1.3
BLLD JPMorgan Sustainable Infrastructure ETF 1.9 49 6 5.7 -2.8
IGRO iShares International Dividend Growth ETF 1.8 15 40 7.5 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.8 45 10 11.0 +2.5
RAYS Global X Solar ETF 1.8 51 4 6.9 -1.5
ETEC iShares Breakthrough Environmental Solutions ETF 1.8 47 8 8.0 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 1.7 63 -8 18.9 +10.4
EMC Global X Emerging Markets Great Consumer ETF 1.7 75 -20 4.5 -3.9
EEM iShares MSCI Emerging Markets ETF 1.6 69 -14 6.9 -1.6
VWO Vanguard FTSE Emerging Markets ETF 1.6 8 47 6.9 -1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.6 66 -11 10.0 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.6 36 19 7.8 -0.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.5 15 40 7.2 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 44 8.4 -0.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.5 45 10 -0.6 -9.0
EMXF iShares ESG Advanced MSCI EM ETF 1.5 16 39 6.8 -1.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.4 15 40 10.2 +1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.3 46 9 9.3 +0.9
URAN Themes Uranium & Nuclear ETF 1.3 35 20 1.9 -6.6
TTAI FCF International Quality ETF 1.3 59 -4 5.6 -2.9
EMGF iShares Emerging Markets Equity Factor ETF 1.3 25 30 8.5 +0.0
LDEM iShares ESG MSCI EM Leaders ETF 1.3 17 38 7.6 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 46 7.5 -1.0
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 35 6.3 -2.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 6 6.1 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.2 49 6 12.2 +3.8
CQQQ Invesco China Technology ETF 1.2 70 -15 -7.9 -16.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.2 41 14 7.4 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 -4 11.3 +2.8
XT iShares Exponential Technologies ETF 1.1 46 9 4.8 -3.7
DFAE Dimensional Emerging Core Equity Market ETF 1.1 35 20 7.3 -1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.1 20 35 6.8 -1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.0 30 25 7.3 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 6 8.2 -0.3
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 48 7.3 -1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.9 35 20 12.4 +4.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 17 7.8 -0.6
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 -15 11.9 +3.5
VIGI Vanguard International Dividend Appreciation ETF 0.8 15 40 6.4 -2.0
VEGI iShares MSCI Agriculture Producers ETF 0.8 39 16 9.2 +0.8
DFEV Dimensional Emerging Markets Value ETF 0.7 43 12 11.1 +2.6
CGXU Capital Group International Focus Equity ETF 0.7 54 1 4.9 -3.6
RING iShares MSCI Global Gold Miners ETF 0.7 39 16 5.6 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 21 7.0 -1.5
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 -3 15.5 +7.1
VYMI Vanguard International High Dividend Yield ETF 0.6 22 33 9.8 +1.4
JIG JPMorgan International Growth ETF 0.6 55 0 4.6 -3.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 -23 9.0 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 47 7.3 -1.2
AGMI Themes Silver Miners ETF 0.6 35 20 4.5 -3.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 14 7.4 -1.0
GLOF iShares Global Equity Factor ETF 0.5 20 35 7.0 -1.5
BIGFX Baron International Growth Retail 0.5 75 -20 3.1 -5.3
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -34 4.9 -3.5
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 48 7.2 -1.3
VXUS Vanguard Total International Stock ETF 0.5 7 48 7.2 -1.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 37 7.0 -1.4
VSGX Vanguard ESG International Stock ETF 0.4 12 43 6.8 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 35 5.2 -3.3
ICOP iShares Copper and Metals Mining ETF 0.2 47 8 10.1 +1.7
ACWI iShares MSCI ACWI ETF 0.2 32 23 5.3 -3.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 25 8.0 -0.5
FILL iShares MSCI Global Energy Producers ETF 0.2 39 16 9.6 +1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 43 4.8 -3.7
VT Vanguard Total World Stock ETF 0.2 7 48 5.5 -2.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 25 6.9 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 43 8.3 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 46 5.4 -3.1

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 13.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.38 CATEGORY
AVERAGE		 1.48
 
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.