AAII ETF Evaluator

ETF Evaluator: KraneShares Eltc Vhl and Ft Mbly ETF (KARS) Follow This ETF

Equity
Global Asset Class
Sector Equity
Fund Group
Industrials
Category
$29.585
Last Trade
(as of Jul 31)
$ 84 Mil
Share Class Assets
0.18%
TTM Yield
$38.120 - $23.380
52-Wk High-Low Range
0.72% F
Expense Ratio
69%
Portfolio Turnover
30 (k)
Avg. Daily Trading Vol.
Data as of 6/30/2026
-11.6% F (NAV)
-12.4% F (Price)
1-Mo Return
0.8% D (NAV)
-2.4% D (Price)
3-Mo Return
2.9% F (NAV)
3.2% F (Price)
YTD Return
43.9% B (NAV)
43.8% B (Price)
1-Yr Return
1.1% F (NAV)
1.0% F (Price)
3-Yr Return
-4.7% F (NAV)
-4.7% F (Price)
5-Yr Return
1.45 F
Category
Risk
Index
2.41
Total
Risk
Index

ETF Details

Fund Family
KraneShares

Inception Date
1/18/2018

Website

Phone
855-857-2638

Primary Benchmark
MSCI ACWI NR USD: 100%

Secondary Benchmark
Bloomberg Electric Vehicles USD: 100%

Additional Fund Details

KraneShares Eltc Vhl and Ft Mbly ETF Overview

KraneShares Eltc Vhl and Ft Mbly ETF (KARS) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). KraneShares launched the ETF in 2018.

The investment seeks to provide investment results that correspond to the price and yield performance of the Bloomberg Electric Vehicles Index. The fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The index is designed to track the equity market performance of companies engaged in the production of electric vehicles or their components or in other initiatives that may change the future of mobility, as determined by index provider.

About KraneShares Eltc Vhl and Ft Mbly ETF (KARS)

There are 3 members of the management team with an average tenure of 6.10 years: James Maund (2020), Anthony Sassine (2022) and Jonathan Shelon (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg Electric Vehicles USD index with a weighting of 100%. KraneShares Eltc Vhl and Ft Mbly ETF has 86 securities in its portfolio. The top 10 holdings constitute 38.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

KraneShares Eltc Vhl and Ft Mbly ETF is part of the Equity global asset class and is within the Sector Equity ETF group. KraneShares Eltc Vhl and Ft Mbly ETF has 79.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.6% There is 79.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). KraneShares Eltc Vhl and Ft Mbly ETF has 3.6% of the portfolio in cash.

Assets Under Management

The fund has $83 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

KARS Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The KraneShares Eltc Vhl and Ft Mbly ETF expense ratio is above average compared to funds in the Industrials category. KraneShares Eltc Vhl and Ft Mbly ETF has an expense ratio of 0.72%, which is 43% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. KraneShares Eltc Vhl and Ft Mbly ETF has a portfolio turnover rate of 69%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Industrials category.

Recently, in the month of June 2026, KraneShares Eltc Vhl and Ft Mbly ETF returned -11.6%, which earned it a grade of F, as the Industrials category had an average return of -2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

KraneShares Eltc Vhl and Ft Mbly ETF has a trailing yield of 0.18%, which is below the 1.01% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

KraneShares Eltc Vhl and Ft Mbly ETF Grades

Year to date, the ETF has returned 2.9%, 13.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 43.9% over the past year (grade of B), 1.1% over the past three years (grade of F) and -4.7% per year over the past five years (grade of F).

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KARS Trailing NAV Total Returns Data as of 6/30/26

Last
Month
Last
Quarter
Ann'l.
1Yr
Ann'l.
3Yr
Ann'l.
5Yr
Ann'l.
10Yr
KARS Return (NAV) -11.6% 0.8% 43.9% 1.1% -4.7% na
KARS Return (Price) -12.4% -2.4% 43.8% 1.0% -4.7% na
NAV +/- Price Return 0.821% 3.148% 0.077% 0.180% 0.013% na
Industrials Avg -2.9% 11.7% 31.1% 20.5% 12.6% 14.7%
KARS Grade (NAV) F D B F F na
+/- Category (NAV) -8.7% -11.0% 12.8% -19.4% -17.4% na
KARS Tax-Cost Ratio na na 0.1% 0.2% 1.1% na

KARS Annual NAV Total ReturnsData as of 6/30/26

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
KARS Return (NAV) 2.9% 45.4% -17.7% -7.1% -39.0% 30.7% 70.2% 34.6% na na na
KARS Return (Price) 3.2% 46.0% -17.9% -7.8% -39.2% 30.8% 71.2% 34.6% na na na
NAV +/- Price Ret 0.120% 0.013% 0.011% 0.106% 0.004% 0.004% 0.013% 0.1% na na na
Industrials Avg 15.9% 27.1% 14.2% 21.4% -12.8% 20.7% 15.4% 30.3% -13.4% 22.8% 22.1%
KARS Grade (NAV) F A F F F A A B na na na
+/- Category -13.0% 18.4% -31.9% -28.5% -26.2% 10.0% 54.8% 4.3% na na na
Risk Measures
Beta: 1.31
R-Squared: 32%
Standard Deviation: 29.4%
Category Risk Index: 1.45
Category Risk Rating: High
Total Risk Index: 2.41
Total Risk Rating: High
Portfolio Characteristics
Yield: 0.2%
Total Assets: $ 84 Mil
Share Class Assets: $ 84 Mil
Turnover: 69.0%
Expense Ratio: 0.72%
Index Fund: Yes
Index Tracked: MSCI ACWI NR USD
Index Weighting: 100%
Leveraged: No
Socially Responsible Fund: Yes
Capital Gains Distribution Frequency:
Income Distribution Frequency: Annually

Management Team

Number of Managers: 3
Longest Tenure: 7.9 years
Average Tenure: 6.1 years
Managers (Year): Shelon Jonathan (2018), Maund James (2020), Sassine Anthony (2022)

Portfolio Composition (as of 6/30/26)

# of Holdings: 86
% in Top 10 Holdings: 38.9%
Fund is Non-Diversified: No
% in Foreign Issues: 79.8%
 

Portfolio Allocation

Domestic Stock: 16.6%
Foreign Stock: 79.8%
Preferred Stock: 0.0%
Domestic Bond: 0.0%
Foreign Bond: 0.0%
Convertible Bond: 0.0%
Other: 0.0%
Cash: 3.6%

Purchase Information

Legal Structure: Open Ended Investment Company
Fund Family: KraneShares
Phone Number: 855-857-2638
Website: http://www.kraneshares.com
Inception Date: January 18, 2018

Expenses and Fees

Expense Ratio (%): 0.72% (Rating: Above Avg)
Category Average Expense Ratio (%): 0.50%
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