Skip to content
etf.net

Launched

Kraneshares Dragon Capital Vietnam Growth Index ETF

KPHONYSE ArcaF

$22.100.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

F22/ 100

Rank 21 of 22 in Emerging Markets Single Country

F22/100Rank 21 of 22inEmerging Markets Single Country
Intraday session: flat, 1 prints from 22.10 to 22.10. Range 22.10 to 22.10. Use the arrow keys to read each point.21.5022.5023.0010 AM12 PM2 PM4 PM
Expense ratio
1.02%
Fund size
$11M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
39
Avg volume · 30D
0M sh
NAV per share
$22.26
52W range
low $20.65high $26.42
Launched

The ETF.net KPHO Grade

F

Score 22 out of 100

Category
Emerging Markets Single Country⁠
Rank
21 of 22
Six-pillar profile for KPHO. Scores out of 100: Cost 0, Risk 36, Mission 44, Tradability 1, Holdings 47, Durability 21. Strongest: Holdings (47). Weakest: Cost (0). Leans toward Holdings and Mission.

Score 22 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 22 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C44 out of 100
    Rank 9 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 17 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F1 out of 100
    Rank 22 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 13 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F21 out of 100
    Rank 22 of 22

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 Oct 13, 2026
Asset class
Stocks
Holdings
39
Top-10 weight
70%
Largest holding
Dcvfmvn Diamond Etf21.8%

Geography

  • Viet Nam67.12%
  • United States20.48%
  • India8.54%
  • Canada3.82%
  • 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 Etf21.84%1,939,000$2M2
002—Vietnam Prosperity Jsc Bank9.07%1,111,808$1M1
003HDBHdbank8.47%1,130,174$940K40
004—Bank For Foreign Trade Jsc7.92%402,100$879K2
005MSBVietnam Maritime Commercial3.95%769,700$438K5
006CTGVietnam Js Commercial Bank F3.85%378,800$427K2
007BIDBank For Investment and Deve3.84%325,249$426K9
008—Fpt Corp3.82%184,140$424K3
009ACBAsia Commercial Bank3.79%534,700$420K5
010—Hoa Phat Group Jsc3.66%521,740$406K2
011TPBTien Phong Commercial Joint3.65%905,280$405K72
012—Nam A Commercial Jsb3.58%833,680$398K2
013—Saigon - Hanoi Commericial3.55%1,015,520$394K2
014—Vietcap Securities Jsc3.02%468,130$335K2
015—Vix Securities Jsc2.19%556,375$243K2

Showing 1–15 of 39 holdings

KPHO Performance

Launched Dec 2, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
KPHO$8,897
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. KPHO $8,897. SPY $11,500. Use the arrow keys to read each point.$8,057$9,914$11,770Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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−11.0%
1 month−2.5%
3 months−5.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−11.0%
2025−1.6%

History from Dec 4, 2025

KPHO in the news

Filtered to KPHO · Emerging Markets Single Country

KPHO Dividends

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.

Other funds in Emerging Markets Single Country

See others