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KEMX

GradeBNew York Stock Exchange Arca

KraneShares MSCI Emerging Markets ex China Index ETF

Broad Stock Market · KraneShares · Inception 2019-04-11 · SEC filings

$51.83−1.07 (−2.03%)

As of Sep 23, 2026, 2:17 PM EDT

Intraday session: down, 10 prints from 52.90 to 51.83. Range 51.73 to 52.90. Use the arrow keys to read each point.$52.00$52.50$53.0010 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$137M
1Y return
+56.3%
Yield · Last 12 months
2.30%
Holdings
304
Volume · 30D
0M sh
NAV per share
$52.66
52W range
low $34.23high $54.91

The ETF.net KEMX Grade

B

57/ 100

Rank 15 of 22 in Emerging Markets Stocks⁠

Confidence High

Six-pillar profile for KEMX. Scores out of 100: Cost 43, Risk 47, Mission 100, Tradability 24, Holdings 58, Durability 54. Strongest: Mission (100). Weakest: Tradability (24). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 43
    Category rank13/22 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank5/17 · top 29%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank14/22 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank18/22 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank10/19 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank14/22 · mid-pack

Graded as of Sep 22, 2026

Our read on KEMX

ETF.net Research

BEmerging markets with the China slice cut out. KEMX has tracked the MSCI Emerging Markets ex China Index since 2019, roughly 300 stocks, so China becomes a separate decision instead of a built-in one.

Stated mandate

The Fund seeks to track the price and yield performance of the MSCI Emerging Markets ex China Index. It normally invests at least 80% of assets in securities or instruments corresponding to that index.

Why people hold it

  1. 01Does what the label says: normally at least 80% of assets in securities matching the MSCI Emerging Markets ex China Index, and it has hugged that benchmark closely.
  2. 02About 300 stocks spread across the emerging world, so no single name steers the fund.
  3. 03Running since 2019, which means a multi-year live record rather than a fresh launch built for the ex-China moment.

Worth knowing

  1. 01The fee is 0.59% a year, above the 0.49% typical for emerging-market funds, and ex-China rivals VEXC (0.07%) and XCEM (0.16%) charge a fraction of it.
  2. 02It trades thin. Bid-ask spreads can add cost the expense ratio never shows, especially on larger orders.
  3. 03Distributions land once or twice a year, not monthly, so any income arrives in lumps.

KEMX Holdings

As of Sep 21, 2026, 3:49 AM
Asset class
Stocks
Holdings
304
Top-10 weight
38%
Largest holding
2330.TW15.5%

Sectors

  • Technology42.4%
  • Financials21.9%
  • Materials8.6%
  • Industrials7.6%
  • Consumer Discr.5.3%
  • Energy4.1%
  • Communication3.1%
  • Cons. Staples2.7%
  • Health Care1.7%
  • Utilities1.6%
  • Real Estate1.0%

Geography

  • Taiwan33.37%
  • South Korea27.90%
  • India14.12%
  • Brazil5.76%
  • South Africa3.44%
  • Mexico2.76%
  • Poland1.88%
  • Malaysia1.56%
  • Other countries (16)9.22%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 19.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFAC15.53%269,000$21M175
002005930.KSSAMSUNG ELECTRONICS CO LTD6.75%47,956$9M176
003000660.KSSK HYNIX INC5.43%5,421$7M184
0042454.TWMEDIATEK INC2.87%26,000$4M162
0051303.TWNAN YA PLASTICS CORP1.41%253,000$2M85
006009150.KSSAMSUNG ELECTRO-MECHANICS CO1.27%1,699$2M112
007402340.KSSK SQUARE CO LTD1.25%2,149$2M111
0082308.TWDELTA ELECTRONICS INC1.14%28,000$2M154
0092345.TWACCTON TECHNOLOGY CORP1.00%23,000$1M122
0102317.TWHON HAI PRECISION INDUSTRY0.94%160,000$1M114
011RELIANCE.BORELIANCE INDUSTRIES LIMITED0.93%97,487$1M71
012005935.KSSamsung Electronics Co Lt0.91%8,615$1M85
013ICICIBANK.BOICICI BANK LTD0.85%81,788$1M68
014086790.KSHANA FINANCIAL GROUP0.80%11,181$1M103
0152303.TWUNITED MICROELECTRONICS CORP0.75%206,000$1M112

Showing 1–15 of 279 holdings

KEMX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

KEMX$15,633
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. KEMX $15,633. SPY $11,723. Use the arrow keys to read each point.$9,006$12,816$16,625Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for KEMX. Periods over one year show the average yearly return.
PeriodKEMX
Year to date+42.7%
1 month+5.0%
3 months−2.9%
1 year+56.3%
3 years+30.4%per year
5 years+14.6%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KEMX
YearReturn barKEMX
2026 YTD+42.7%
2025+38.3%
2024+0.4%
2023+20.6%
2022−19.3%
2021+10.6%
2020+12.8%

KEMX in the news

ETF.net Research hasn’t filed on KEMX yet — coverage lands here as it’s written.

KEMX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.30%Last 12 months
Payout per share
$1.22Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 27, 2019 $0.74; Dec 29, 2020 $0.50; Dec 29, 2021 $1.49; Dec 28, 2022 $0.99; Dec 18, 2023 $0.57; Dec 17, 2024 $0.94; Dec 22, 2025 $1.17; Dec 30, 2025 $0.04. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.04
Dec 22, 2025Dec 23, 2025$1.17
Dec 17, 2024Dec 18, 2024$0.94
Dec 18, 2023Dec 20, 2023$0.57
Dec 28, 2022Dec 30, 2022$0.99
Dec 29, 2021Dec 31, 2021$1.49
Dec 29, 2020Dec 31, 2020$0.50
Dec 27, 2019Dec 31, 2019$0.74

KEMX Risk

How much the fund’s monthly returns vary, scaled to a year.
19.3%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.15
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−30.8%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

KEMX Cost

Expense ratio0.59%
  • The middle half of Emerging Markets Stocks funds
  • Median 0.56%

11 of the 21 Emerging Markets Stocks funds charge less.

KEMX costs $59.00 a year on $10,000. The median Emerging Markets Stocks fund costs $56.00.