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KPHO · KraneShares Dragon Capital Growth of Vietnam Index ETF

$22.30
−0.5% · 1 day, price
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<p>Data: <a href="https://etfiq.com/funds/kpho">ETFIQ KPHO analysis</a></p>

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KPHO tracks an index and returned −2.6% since it first traded on Dec 4, 2025.

How does KPHO compare with older funds like it?What drove KPHO’s returns?What does KPHO hold?
Total return since launch
−2.6%to Nov 12, 2026
Expense ratio
1.02%a year
Net assets
$11mon Nov 11, 2026
Equity fund · Tracks the Dragon Capital MerQube Vietnam Growth IndexExpense ratio 1.02%Fund assets $11m on Nov 11, 2026First traded Dec 4, 2025Benchmark Its own holdings, as of Nov 11, 2026; no other fund tracks the Dragon Capital MerQube Vietnam Growth Index, the index its prospectus namesFund page at the issuer ↗SEC filings ↗Dividend history

KPHO returned −2.6% from Dec 4, 2025 to Nov 12, 2026, charges 1.02% a year and holds $11m in net assets on Nov 11, 2026.

Promise check: Not measured

Analyze KPHOPut to the committeeAdd to portfolioOverlapRisk checkAlerts
Growth of $10,000

KPHO, since Dec 2025

Total return, distributions reinvested, Dec 4, 2025 to Nov 12, 2026. No second line: its benchmark is its own holdings, which have no daily price series.

KPHO $9,741 −2.6%Returns from daily closes. Data
Scorecard · vs

KPHO risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

Total return

What you earned

KPHO +1.2%: total return over one month to Nov 12, 2026.
$10,000 in KPHO would be $10,120, over one month to Nov 12, 2026.
KPHO+1.2%
KPHO −2.7%: total return over three months to Nov 12, 2026.
$10,000 in KPHO would be $9,730, over three months to Nov 12, 2026.
KPHO−2.7%
KPHO −9.3%: total return over six months to Nov 12, 2026.
$10,000 in KPHO would be $9,070, over six months to Nov 12, 2026.
KPHO−9.3%
KPHO −10.2%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in KPHO would be $8,980, year to date, Dec 31, 2025 to Nov 12, 2026.
KPHO−10.2%
KPHO −2.6%: total return since launch to Nov 12, 2026.
$10,000 in KPHO would be $9,740, since launch to Nov 12, 2026.
KPHO−2.6%
askIQ: what drove KPHO’s returns? ↗
Fees over time · hypothetical
Fees paid
$974
Of the amount
9.7%

At KPHO’s 1.02% a year, taken each year from the amount after growth. Hypothetical.

Cost to trade · hypothetical
One way
$9.00
Round trip
$18.00
A year
$18.00

One way: half its 30-day median bid-ask spread, as of Nov 11, 2026. A round trip buys and later sells the same size. Hypothetical. Trading page

First traded Dec 4, 2025

What can be shown yet

−2.6%
Total return, since launch, Dec 4, 2025
Report
1.02%
Expense ratio
Report
38
Holdings
Report
−15.2%
Below its high
Report
$2.5822
Last payment, ex-date Dec 30, 2025
Report
KPHO has traded for 343 days. Numbers that need a year of prices are not shown yet.
Shown now
Price$22.30
First tradedDec 4, 2025
Net assets$11m
Top ten weight70.4%
Not yet
One-year returnfrom Dec 4, 2026
Three-year returnfrom Dec 4, 2028
askIQ: what can KPHO’s first months tell me? ↗

12 committee seats read KPHO on data as of Nov 12, 2026: 0 Supports, 1 Mixed, 5 Challenges, 6 without enough data.

0 Supports1 Mixed5 Challenges6 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read KPHO How the committee works

12 seats on KPHO, as of Nov 12, 2026: 1 Mixed, 5 Challenges, 6 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatChallenges
Put KPHO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold KPHO. Not advice.

As of Nov 13, 2026, KPHO crossed 1 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading cost30-day median spread 0.18%Clear
Premium or discount95% of days within ±0.6649% of NAV, 0 days over 1%, Nov 11, 2026 to Nov 11, 2026Clear
ConcentrationTop 10 holdings are 70.4% of the fundTop 10 holdings are 70.4% of KPHO (2026-11-11), at or above 60%.Flag
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on KPHO

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Price and total return since launch, Dec 4, 2025

$22.30−0.5%1 day, priceClose, Nov 12, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

KPHO returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 13 – Nov 12, 2026+1.2%−2.7%
3M Aug 13 – Nov 12, 2026−2.7%−2.4%
6M May 14 – Nov 12, 2026−9.3%+1.7%
YTD Dec 31, 2025 – Nov 12, 2026−10.2%+11.9%
Since launch Dec 4, 2025 – Nov 12, 2026−2.6%+11.8%

Total returns, distributions reinvested. Listed Dec 2025: no 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

KPHO key stats

High since Dec 4, 2025, daily closes to Nov 12, 2026 (ETFIQ)$26.29 on Feb 20, 2026
Low since Dec 4, 2025, daily closes to Nov 12, 2026 (ETFIQ)$20.65 on Jul 27, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$22.30, 29% of the way from the low to the high
Holdings38
Top ten weight70.4%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · KPHOas of Nov 11, 2026
·
Not scored2 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$0.900.09%
$10,000$9.000.09%
Premium or discount to NAV, Nov 11 close−0.66%
−0.9%95% of days within ±0.66% · the 1% band is off this scale+0.9%
One dealer
How to tradeLimit: midpoint + 3¢ to buy, midpoint − 3¢ to sell.At the Nov 11 close of $22.41, that’s $22.44 to buy and $22.38 to sell.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

KPHO for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
KPHO interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

KPHO is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

KPHO top ten by weight, 70.4% of the fund, of its 38 equity positions, from the holdings published by its issuer for Nov 11, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.

DCVFMVN DIAMOND ETF not published 21.34%
HDBANK HDB 8.79%
VIETNAM PROSPERITY JSC BANK VPB 8.57%
BANK FOR FOREIGN TRADE JSC VCB 7.53%
VIETNAM MARITIME COMMERCIAL MSB 4.35%
VIETNAM JS COMMERCIAL BANK F CTG 4.16%
TIEN PHONG COMMERCIAL JOINT TPB 4.10%
SAIGON - HANOI COMMERICIAL SHB 3.91%
HOA PHAT GROUP JSC HPG 3.85%
ASIA COMMERCIAL BANK ACB 3.81%
Holdings, the issuer’s own daily file ↗See all 38 holdings →Check overlap with another fund →

Source: the issuer’s own daily file. Data as of Nov 11, 2026. Updated each trading day. Last checked Nov 12, 2026.

About KPHO

What it tracksDragon Capital MerQube Vietnam Growth Index
Fund typeEquity fund
Category (ETFIQ)Stocks · Single country or narrow region
Region (ETFIQ)Single country
Expense ratio (497 XBRL, Jul 31, 2026)1.02%
Price$22.30
First tradedDec 4, 2025
Net assets (issuer page, as of Nov 11, 2026)$11mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Nov 11, 2026; no other fund tracks the Dragon Capital MerQube Vietnam Growth Index, the index its prospectus names
Stated benchmarkDragon Capital MerQube Vietnam Growth Index (from its prospectus). KPHO is the only ETF ETFIQ covers that tracks it.
Below its high (ETFIQ)−15.2%
Holdings38
Top ten weight70.4%
Cash, not in the top ten0.1%
Holdings published for (the issuer’s daily file)Nov 11, 2026
Holdings as of the close of (the issuer’s daily file)Nov 11, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
Promise checkNot measured. No other ETF tracks the index it names, so its tracking cannot be measured.

Questions people ask about KPHO

What does KPHO cost?
The prospectus expense ratio is 1.02% a year.
What does KPHO hold?
38 positions as published by its issuer for Nov 11, 2026, with the top ten at 70.4% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is KPHO below its high?
15.2% below its high of Feb 20, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, KPHO and S&P 500 (SPY)Tiingo end-of-day · Nov 12, 2026
Fee, 1.02%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $11mIssuer page · Nov 11, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 11, 2026 ↗
IssuerKraneShares page for KPHO ↗
All fund filingsFund filings on SEC EDGAR ↗
KraneShares’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, KPHO, stock fund, data as of Nov 12, 2026. https://etfiq.com/funds/kpho

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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KPHO: KPHO over 6 months: total return −9.3%. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/kpho/" title="KPHO: KPHO over 6 months: total return −9.3%. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">KPHO: KPHO over 6 months: total return −9.3%. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/kpho">ETFIQ</a></figcaption>
</figure>

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