KALL vs. GEM ETF Comparison

Comparison of KraneShares MSCI All China Index ETF (KALL) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

KALL

KraneShares MSCI All China Index ETF

KALL Description

The investment seeks to provide investment results that correspond to the price and yield performance of the MSCI China All Shares Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index and depositary receipts, including ADRs, representing such components. The index is a free float adjusted market capitalization weighted index designed to track the performance of Chinese exchange-listed equity securities. The securities eligible for inclusion in the index include all types of publicly issued shares of Chinese issuers, such as A-Shares, B-Shares, H-Shares, P-Chips and Red Chips.

Grade (RS Rating)

Last Trade

$21.09

Average Daily Volume

10,020

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.19

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KALL	GEM
30 Days	-4.59%	-4.28%
60 Days	12.85%	-0.55%
90 Days	12.38%	-1.04%
12 Months	12.14%	12.25%

14 Overlapping Holdings

Symbol	Grade	Weight in KALL	Weight in GEM	Overlap
ATHM	C	0.17%	0.07%	0.07%
BABA	D	4.94%	1.93%	1.93%
BEKE	D	0.52%	0.05%	0.05%
BIDU	F	0.81%	0.15%	0.15%
BZ	F	0.19%	0.03%	0.03%
IQ	F	0.07%	0.03%	0.03%
LI	F	0.46%	0.06%	0.06%
PDD	F	2.09%	0.75%	0.75%
QFIN	A	0.22%	0.2%	0.2%
TAL	F	0.34%	0.06%	0.06%
TCOM	B	1.16%	0.18%	0.18%
TME	D	0.49%	0.1%	0.1%
VIPS	F	0.3%	0.2%	0.2%
YUMC	C	0.68%	0.24%	0.24%

KALL Overweight 3 Positions Relative to GEM

Symbol	Grade	Weight
HTHT	D	0.33%
NIO	F	0.29%
BILI	D	0.28%

KALL Underweight 26 Positions Relative to GEM

Symbol	Grade	Weight
IBN	C	-0.8%
HDB	C	-0.46%
VALE	F	-0.41%
KB	B	-0.27%
SKM	C	-0.22%
WIT	B	-0.21%
SHG	C	-0.2%
UMC	F	-0.18%
NU	C	-0.14%
BGNE	D	-0.11%
BCH	C	-0.09%
SCCO	F	-0.09%
KT	A	-0.09%
GGB	C	-0.09%
BAP	A	-0.08%
ABEV	F	-0.07%
CHT	C	-0.06%
ERJ	A	-0.05%
XP	F	-0.05%
LPL	D	-0.04%
BRFS	C	-0.04%
KEP	B	-0.04%
ASAI	F	-0.04%
CSAN	F	-0.04%
BVN	D	-0.03%
PAGS	F	-0.03%