KALL vs. EUM ETF Comparison

Comparison of KraneShares MSCI All China Index ETF (KALL) to ProShares Short MSCI Emerging Markets (EUM)

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

$18.06

Average Daily Volume

609

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EUM

ProShares Short MSCI Emerging Markets

EUM Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets IndexÂ®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.48

Average Daily Volume

15,920

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KALL	EUM
30 Days	-4.46%	2.67%
60 Days	-4.20%	0.45%
90 Days	-5.66%	1.16%
12 Months	-5.44%	-6.60%

5 Overlapping Holdings

Symbol	Grade	Weight in KALL	Weight in EUM	Overlap
BABA	C	5.66%	6.01%	5.66%
BIDU	F	0.96%	0.6%	0.6%
TAL	F	0.31%	0.32%	0.31%
TCOM	C	1.06%	0.29%	0.29%
YUMC	D	0.58%	0.28%	0.28%

KALL Overweight 12 Positions Relative to EUM

Symbol	Grade	Weight
PDD	F	2.07%
TME	F	0.5%
LI	D	0.47%
BEKE	F	0.41%
NIO	D	0.41%
VIPS	F	0.33%
HTHT	F	0.31%
BILI	D	0.27%
ATHM	C	0.2%
QFIN	B	0.2%
BZ	F	0.2%
IQ	F	0.08%

KALL Underweight 4 Positions Relative to EUM

Symbol	Grade	Weight
JD	D	-0.46%
NTES	F	-0.39%
EDU	F	-0.3%
BAP	A	-0.23%