KFA Large Cap Quality Dividend Index ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.4x P/Sales
ratio
1.5x
P/BV
ratio
2.9x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The KFA Large Cap Quality Dividend Index ETF tracks a dividend-selected, market-cap weighted index of large-cap U.S equities.

FUND BASICS
Category US Equities
Fund Sponsor KraneShares
Website kraneshares.com
Inception date Jun 12, 2019
Assets (mns) $40
Currency USD
Expense ratio 41 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $61,065
Large cap (>$10bn) 76.2%
Mid cap ($2-10bn) 23.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIGITAL REALTY TRUST INC 1.3 %
WEST PHARMACEUTICAL SERVICES 1.2 %
CLOROX COMPANY 1.2 %
CHEMED CORP 1.2 %
BLACKROCK INC 1.2 %
MICROSOFT CORP 1.2 %
TIFFANY & CO 1.2 %
JACK HENRY & ASSOCIATES INC 1.1 %
GRACO INC 1.1 %
MCKESSON CORP 1.1 %
Total 11.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
IRELAND 2.1 %
BRITAIN 1.1 %
BERMUDA 1.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $20.74
30d moving avg. $23.01
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.62%
ADV underlying (mns) $67,490

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the KFA Large Cap Quality Dividend Index ETF ETF based on the alternatives' overlap in portfolio holdings with KLCD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KLCD Expense: 41 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KLCD
Ticker Fund
Name
Overlap1
vs KLCD
(%)
Expense
ratio
(bp)
Savings
vs KLCD
(bp)
ALTAR
Score™
(%)
ALTAR
vs KLCD
(%)
PFM Invesco Dividend Achievers ETF 31.6 54 -13 6.4 -0.2
VIG Vanguard Dividend Appreciation Index Fund 29.8 6 35 6.3 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 28.8 15 26 8.0 +1.4
JMIN JPMorgan U.S. Minimum Volatility ETF 28.7 12 29 7.2 +0.5
LSLT Salt Low truBeta US Market ETF 27.6 0 41 8.5 +1.9
SPLV Invesco S&P 500 Low Volatility ETF 27.4 25 16 6.7 +0.1
SDY SPDR S&P Dividend ETF 27.0 35 6 8.2 +1.6
VSDA VictoryShares Dividend Accelerator ETF 26.8 35 6 5.8 -0.8
USMV iShares Edge MSCI Min Vol USA ETF 26.1 15 26 6.8 +0.2
LGLV SPDR Russell 1000 Low Volatility ETF 26.1 12 29 7.1 +0.5
FVL First Trust Value Line 100 Exchange-Traded Fund 25.5 70 -29 5.5 -1.1
LVUS Hartford Multifactor Low Volatility US Equity ETF 25.3 19 22 7.6 +1.0
FDLO Fidelity Low Volatility Factor ETF 24.9 29 12 6.5 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 24.8 25 16 7.7 +1.1
JDIV JPMorgan U.S. Dividend ETF 24.7 12 29 10.7 +4.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 24.6 35 6 7.5 +0.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 24.6 75 -34 7.0 +0.4
PSET Principal Price Setters Index ETF 24.6 29 12 7.1 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 24.1 30 11 7.2 +0.6
FQAL Fidelity Quality Factor ETF 23.3 29 12 7.0 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.1 28 13 8.2 +1.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 23.0 29 12 5.6 -1.0
DEF Invesco Defensive Equity ETF 22.9 55 -14 6.4 -0.2
DGRO iShares Core Dividend Growth ETF 22.7 8 33 8.4 +1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.7 19 22 8.3 +1.7
FLLV Franklin Liberty U.S. Low Volatility ETF 22.4 29 12 7.1 +0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 22.4 25 16 7.5 +0.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 22.3 15 26 5.7 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.3 15 26 6.9 +0.3
JQUA JPMorgan U.S. Quality Factor ETF 22.3 12 29 6.6 +0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 22.1 28 13 8.0 +1.4
LEAD Reality Shares DIVCON Leaders Dividend ETF 22.0 43 -2 5.7 -1.0
DFND Reality Shares DIVCON Dividend Defender ETF 22.0 121 -80 4.8 -1.8
GARD Reality Shares DIVCON Dividend Guard ETF 22.0 129 -88 4.7 -1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.8 29 12 8.2 +1.6
FDMO Fidelity Momentum Factor ETF 21.8 29 12 5.5 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 21.6 15 26 6.7 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 21.5 27 14 7.3 +0.7
HSPX Global X S&P 500 Covered Call ETF 21.5 65 -24 6.2 -0.4
AFLG First Trust Active Factor Large Cap ETF 21.5 55 -14 7.7 +1.1
KRMA Global X Conscious Companies ETF 21.5 43 -2 7.3 +0.7
QLV FlexShares US Quality Low Volatility Index Fund 21.3 22 19 6.4 -0.2
PBP Invesco S&P 500 BuyWrite ETF 21.3 49 -8 6.5 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 21.2 30 11 8.1 +1.5
DVY iShares Select Dividend ETF 21.2 39 2 10.9 +4.3
DTD WisdomTree U.S.Total Dividend Fund 21.2 28 13 8.5 +1.9
QUS SPDR MSCI USA StrategicFactors ETF 21.1 15 26 7.3 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 21.1 12 29 6.7 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 20.9 27 14 6.6 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 20.9 9 32 7.3 +0.7
ACIO Aptus Collared Income Opportunity ETF 20.8 79 -38 6.6 +0.0
SCIU Global X Scientific Beta US ETF 20.7 19 22 7.6 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 20.6 27 14 6.8 +0.2
ROUS Hartford Multifactor US Equity ETF 20.6 19 22 9.2 +2.6
TPLC Timothy Plan US Large Cap Core ETF 20.6 52 -11 7.3 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 20.5 20 21 6.6 +0.0
SPXE ProShares S&P 500 Ex-Energy ETF 20.4 27 14 7.0 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.4 20 21 7.1 +0.5
MGC Vanguard Mega Cap Index Fund 20.4 7 34 6.8 +0.2
SNPE Xtrackers S&P 500 ESG ETF 20.3 11 30 6.8 +0.2
SPY SPDR S&P 500 ETF Trust 20.2 9 32 7.1 +0.4
SPLG SPDR Portfolio Large Cap ETF 20.1 3 38 7.1 +0.5
FVD First Trust Value Line Dividend Index Fund 20.1 70 -29 8.0 +1.4
IVV iShares Core S&P 500 ETF 20.1 4 37 7.1 +0.5
VOO VANGUARD S&P 500 ETF 20.1 3 38 7.1 +0.5
RNLC Large Cap US Equity Select ETF 19.9 60 -19 8.2 +1.6
VYM Vanguard High Dividend Yield Index ETF 19.9 6 35 8.9 +2.3
SCHD Schwab U.S. Dividend Equity ETF 19.8 6 35 9.2 +2.6
VTV Vanguard Value Index Fund 19.8 4 37 9.1 +2.5
DSTL Distillate US Fundamental Stability & Value ETF 19.8 39 2 7.7 +1.1
CFA Victory CEMP US 500 Volatility Weighted Index ETF 19.8 35 6 8.1 +1.5
VV Vanguard Large-Cap Index Fund 19.8 4 37 7.0 +0.4
TPHD Timothy Plan High Dividend Stock ETF 19.7 52 -11 9.4 +2.8
PBUS Invesco PureBeta MSCI USA ETF 19.6 4 37 7.2 +0.6
FTCS First Trust Capital Strength ETF 19.6 60 -19 6.1 -0.5
SCHX Schwab U.S. Large-Cap ETF 19.6 3 38 7.0 +0.4
JMOM JPMorgan U.S. Momentum Factor ETF 19.6 12 29 5.2 -1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 19.5 2 39 7.1 +0.5
JHML John Hancock Multifactor Large Cap ETF 19.5 34 7 7.5 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 19.5 3 38 7.3 +0.7
VONE Vanguard Russell 1000 ETF 19.4 8 33 7.0 +0.4
IWL iShares Russell Top 200 ETF 19.4 15 26 6.6 +0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.4 25 16 8.3 +1.7
IUS Invesco Strategic US ETF 19.4 19 22 7.9 +1.3
IWB iShares Russell 1000 ETF 19.3 15 26 7.0 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 19.3 8 33 8.5 +1.9
USDY Pacific Global US Equity Income ETF 19.2 29 12 10.5 +3.9
MGV Vanguard Mega Cap Value ETF 19.2 7 34 8.8 +2.2
PDP Invesco DWA Momentum ETF 19.2 62 -21 4.4 -2.2
SCHK Schwab 1000 Index ETF 19.1 5 36 7.0 +0.4
IYY iShares Dow Jones U.S. ETF 19.0 20 21 6.9 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 18.7 48 -7 7.0 +0.4
VONV Vanguard Russell 1000 Value Index Fund 18.6 8 33 9.3 +2.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.6 25 16 8.4 +1.8
VTHR Vanguard Russell 3000 Index Fund 18.5 10 31 6.9 +0.3
RECS Columbia Research Enhanced Core ETF 18.5 15 26 7.5 +0.9
RWL Invesco S&P 500 Revenue ETF 18.5 39 2 9.2 +2.6
VTI Vanguard Total Stock Market Index Fund 18.4 3 38 7.0 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.4 19 22 7.6 +1.0
IWV iShares Russell 3000 ETF 18.4 20 21 6.9 +0.3

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
KFA Large Cap Quality Dividend 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 19.7 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 41 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.51
 
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.