KGRN vs. ETEC ETF Comparison

Comparison of KraneShares MSCI China Clean Technology ETF (KGRN) to iShares Breakthrough Environmental Solutions ETF (ETEC)

KGRN

KraneShares MSCI China Clean Technology ETF

KGRN Description

The investment seeks to provide investment results that correspond to the price and yield performance of MSCI China IMI Environment 10/40 Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index, depositary receipts. The underlying index is a modified, free float adjusted market capitalization weighted index designed to track the equity market performance of Chinese companies that derive at least a majority of their revenues from environmentally beneficial products and services, as determined by MSCI Inc. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.13

Average Daily Volume

12,873

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

ETEC

iShares Breakthrough Environmental Solutions ETF

ETEC Description

ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$20.91

Average Daily Volume

269

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	KGRN	ETEC
30 Days	-0.12%	-3.82%
60 Days	-0.57%	1.58%
90 Days	3.68%	3.16%
12 Months	-23.67%	-11.91%

3 Overlapping Holdings

	Symbol	Grade	Weight in KGRN	Weight in ETEC	Overlap
	LI	F	8.19%	2.4%	2.4%
	NIO	F	4.82%	2.04%	2.04%
	XPEV	F	3.77%	2.14%	2.14%

KGRN Overweight 1 Positions Relative to ETEC

	Symbol	Grade	Weight
	TUYA	D	0.66%

KGRN Underweight 10 Positions Relative to ETEC

	Symbol	Grade	Weight
	BWA	B	-6.36%
	OLED	D	-5.73%
	FSLR	A	-4.03%
	TSLA	D	-3.74%
	ENPH	D	-3.26%
	XYL	A	-3.15%
	SEDG	F	-2.16%
	PLUG	F	-1.6%
	LCID	F	-1.13%
	DQ	F	-0.88%

KGRN: Top Represented Industries & Keywords

Industries: Auto Manufacturers Software - Infrastructure

Keywords: Electric Vehicle Transport Cars Motor Vehicles Ambient Intelligence Artificial Intelligence Automotive Manufacturers Cloud Computing Cloud Infrastructure Computing E Mobility Electric Vehicle Industry Electric Vehicle Industry In China Generation Technologies Internet Of Things Mobility Solutions Platform As A Service Ruckus Networks Smart Device Software As A Service

ETEC: Top Represented Industries & Keywords

Industries: Auto Manufacturers Semiconductor Equipment & Materials Solar Auto Parts Diversified Industrials Electronic Components

Keywords: Electric Vehicle S&P 500 Transport Cars Motor Vehicles Photovoltaics Nasdaq 100 Photovoltaic System Solar Power Alternative Energy Automotive Manufacturers Electromagnetism Inverter Systems Inverters Power Systems Powertrain Renewable Energy Solar Panel Solar Power Systems Sport Utility Vehicle