KraneShares China Alpha Index ETF (KCAI) Analysis

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빠른 답변

KraneShares China Alpha Index ETF (KCAI) has a last stored price of $15.04, as of the Oct 26, 2026 trading session. It has a 0.79% expense ratio and $8M in assets under management.

In the stored portfolio snapshot, the largest sector allocation is Financial Services at 38.3%.

KraneShares China Alpha Index ETF (KCAI) ETF — Price, Holdings & Analysis

ETF 개요

KCAI seeks to outperform the CSI 300 Index by employing an AI-driven quantitative process to select and weight securities within the China A-Shares market. The fund's investment universe consists of CSI 300 China A-Shares, excluding those subject to US sanctions. The AI algorithm filters index components based on factors such as historical prices, financial indicators, market trends, mathematical parameters, market capitalization, and sector classification. The algorithm optimizes holdings and weights to maximize total return above the benchmark. KCAI invests in up to 50 China A-Shares, capped at 5% each, through the Stock Connect Programs. Up to 20% of the fund's assets may be allocated to other equities outside the underlying index, derivatives, other investment companies or ETFs, and cash or cash equivalents. The fund's sector allocation is heavily weighted towards Financial Services (38.3%), followed by Industrials (25.4%) and Basic Materials (15.4%). The index is reconstituted and rebalanced monthly.

위험 지표

KCAI presents several risks. Its concentrated portfolio of approximately 37 holdings increases stock-specific risk. The fund's significant allocation to Financial Services (38.3%) and Industrials (25.4%) exposes it to sector-specific downturns. The 0.79% expense ratio can create a drag on performance, especially if the AI strategy does not consistently outperform its benchmark. The fund's focus on China A-Shares introduces geopolitical and regulatory risks specific to the Chinese market. As a relatively new ETF launched in August 2024, KCAI has a limited track record, making it difficult to assess its long-term performance and risk characteristics. The fund's small AUM of $0.01B may raise concerns about liquidity and potential fund closure.

운용보수율

0.79%

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섹터	비중
금융 서비스	38.3%
산업재	25.4%
기초 소재	15.4%
기술	12.3%
경기소비재	8.6%

국가	비중
중국	99.9%
기타	0.1%

배당수익률

0.00%

iShares Morningstar Small-Cap Growth ETF (JKK) — 0.06% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio

KraneShares European Carbon Allowance Strategy ETF (KEUA) (Equity) — 0.87% expense ratio
KraneShares Artificial Intelligence & Technology ETF (AGIX) (Equity) — 0.99% expense ratio
Quadratic Deflation ETF (BNDD) (Equity) — 1.02% expense ratio
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) (Equity) — 0.59% expense ratio
KraneShares Emerging Markets Consumer Technology ETF (KEM) (Equity) — 0.80% expense ratio
KraneShares Wahed Alternative Income Index ETF (KWIN) (Equity) — 0.51% expense ratio

질문 및 답변

What is KCAI and what does it track?

The KraneShares China Alpha Index ETF (KCAI) is an actively managed equity ETF that seeks to outperform the CSI 300 Index by using artificial intelligence to select and weight securities.

The fund invests primarily in China A-Shares, utilizing an AI algorithm to filter and optimize holdings based on various factors, including historical prices, financial indicators, and market trends.

What is the expense ratio for KCAI?

The expense ratio for KCAI is 0.79%. This means that for every $10,000 invested in the fund, $79 is deducted annually to cover operating expenses.

While this expense ratio is higher than some passively managed China equity ETFs, it is typical for actively managed ETFs that employ specialized strategies like AI-driven stock selection. The expense ratio as a factor may be worth researching when evaluating KCAI's potential returns.

What are the top holdings in KCAI?

As an actively managed ETF, KCAI's holdings are subject to change. As of 2026-03-15, the ETF's top holdings are concentrated in the financial and industrial sectors.

The fund selects up to 50 China A-Shares, capped at 5% each, through the Stock Connect Programs. The fund's sector allocation is heavily weighted towards Financial Services (38.3%), followed by Industrials (25.4%) and Basic Materials (15.4%).

Is KCAI a good long-term investment?

Evaluating KCAI as a long-term investment requires careful consideration. The fund's AI-driven strategy offers the potential for outperformance, but its success depends on the effectiveness of the algorithm and the expertise of the fund managers.

The fund's 0.79% expense ratio will impact long-term returns.

How does KCAI compare to similar ETFs?

KCAI differentiates itself from other China equity ETFs through its active management and AI-driven stock selection process. Many China ETFs passively track broad market indices.

KCAI's expense ratio of 0.79% is higher than passively managed ETFs but typical for actively managed funds.

Does KCAI pay dividends?

According to the provided data, KCAI has a dividend yield of 0.00% as of 2026-03-15. This indicates that the fund is not currently distributing any dividends to its shareholders.

Investors seeking income from their investments may want to consider other ETFs with a history of dividend payments. However, it's important to note that dividend yields can fluctuate over time and are not guaranteed.

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