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KPHO

GradeFNew York Stock Exchange Arca

Kraneshares Dragon Capital Vietnam Growth Index ETF

Countries & Regions · KraneShares · Inception 2025-12-02

$22.68−0.26 (−1.15%)

As of Sep 23, 2026, 2:56 PM EDT

History starts Dec 4, 2025.History starts Dec 4, 2025.
Intraday session: down, 5 prints from 22.94 to 22.68. Range 22.68 to 22.94. Use the arrow keys to read each point.$22.80$22.9010 AM12 PM2 PM4 PM
Expense ratio
1.02%
Fund size
$11M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$22.83
52W range
low $20.65high $26.42

The ETF.net KPHO Grade

F

21/ 100

Rank 21 of 22 in Emerging Markets Single Country⁠

Confidence High

Six-pillar profile for KPHO. Scores out of 100: Cost 0, Risk 33, Mission 44, Tradability 0, Holdings 44, Durability 21. Strongest: Mission (44). Weakest: Tradability (0). Leans toward Mission and Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 21 of 100 sits in the F 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.
    FScore 0
    Category rank22/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 44
    Category rank9/22 · top 41%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 33
    Category rank20/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank22/22 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank14/20 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 21
    Category rank22/22 · bottom quartile

Graded as of Sep 22, 2026

Our read on KPHO

ETF.net Research

FVietnam, run by people who live there. KraneShares hands the stock selection to Dragon Capital, a Vietnam-based manager with three decades on the ground, and wraps it in a published growth index and a US-listed ETF.

Stated mandate

The Fund seeks to provide investment results that generally correspond, before fees and expenses, to the performance of its specified equity securities index.

Why people hold it

  1. 01The sub-advisor is Dragon Capital, a Vietnam-based manager the issuer describes as having over 30 years in the market. Local research, not a New York desk squinting at Ho Chi Minh City.kraneshares.comkraneshares.com
  2. 02It follows the Dragon Capital MerQube Vietnam Growth Index: published rules that pick locally listed Vietnamese companies on fundamental growth criteria rather than a manager's hunches.kraneshares.com
  3. 03One ticker gets you locally listed Vietnamese equities inside an ordinary US-listed 1940 Act fund, a market most US brokerage accounts cannot reach directly.kraneshares.com

Worth knowing

  1. 01The 1.02% fee sits near the top of the single-country emerging-market shelf, where the typical fund charges closer to 0.59%. Local expertise is not priced like an index tracker.
  2. 02It listed in December 2025 and began life small and thinly traded, so quotes can be wider than on long-established country funds and there is little live track record yet.
  3. 03One country, one currency: Vietnam's market sets the whole result. Distributions come once or twice a year, so this is a growth-shaped holding, not an income stream.

KPHO Holdings

As of Sep 21, 2026, 3:50 AM
Asset class
Stocks
Holdings
—
Top-10 weight
70%
Largest holding
DCVFMVN DIAMOND ETF22.3%

Geography

  • Viet Nam67.34%
  • United States20.55%
  • India8.11%
  • Canada3.97%
  • China0.04%

Developed 5% · Emerging 95% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—DCVFMVN DIAMOND ETF22.32%1,939,000$3M2
002—VIETNAM PROSPERITY JSC BANK8.15%882,100$931K1
003—BANK FOR FOREIGN TRADE JSC8.11%402,100$926K2
004HDBHDBANK8.05%869,365$919K39
005—FPT CORP4.04%184,140$461K3
006—SAIGON - HANOI COMMERICIAL4.03%1,015,520$461K2
007ACBASIA COMMERCIAL BANK3.94%534,700$450K5
008BIDBANK FOR INVESTMENT AND DEVE3.91%325,249$447K9
009CTGVIETNAM JS COMMERCIAL BANK F3.86%378,800$440K2
010—HOA PHAT GROUP JSC3.78%521,740$432K2
011TPBTIEN PHONG COMMERCIAL JOINT3.74%787,200$427K78
012—NAM A COMMERCIAL JSB3.37%833,680$384K2
013MSBVIETNAM MARITIME COMMERCIAL3.34%769,700$382K5
014—VIETCAP SECURITIES JSC3.25%468,130$371K2
015—VIX SECURITIES JSC2.46%556,375$281K2

Showing 1–15 of 39 holdings

KPHO Performance

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

KPHO$9,235
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. KPHO $9,235. SPY $11,430. Use the arrow keys to read each point.$8,061$9,891$11,720Dec 2025May 2026Sep 2026

Dec 31, 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 KPHO. Periods over one year show the average yearly return.
PeriodKPHO
Year to date−7.6%
1 month−1.2%
3 months−2.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 KPHO
YearReturn barKPHO
2026 YTD−7.6%
2025−1.6%

History from Dec 4, 2025

KPHO in the news

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

KPHO 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.03

KPHO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
—
Launched Dec 2025; fills in after 12 months
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.
0.50
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.

KPHO Cost

Expense ratio1.02%
  • The middle half of Emerging Markets Single Country funds
  • Median 0.59%

Every other Emerging Markets Single Country fund charges less.

KPHO costs $102.00 a year on $10,000. The median Emerging Markets Single Country fund costs $59.00.