Fossil fuel companiesare fueling the climate crisis.


KraneShares MSCI Emerging Markets ex China Index ETF

Shareclass
KraneShares MSCI Em Mkts ex CHN ETF (KEMX)
Type
Exchange-traded fund
Fossil fuel exposure of 10.32% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Petroleo Brasileiro SA Petrobras Participating Preferred
Carbon Underground 200Top 200 carbon reserves
$339,078
Petroleo Brasileiro SA Petrobras
Carbon Underground 200Top 200 carbon reserves
$337,020
NTPC Ltd
Carbon Underground 200Top 200 carbon reservesMacroclimate 50Top 50 coal-fired power
$244,411
Korea Electric Power Corp
Macroclimate 50Top 50 coal-fired power
$174,352
Oil & Natural Gas Corp Ltd
Carbon Underground 200Top 200 carbon reserves
$159,371
Orlen SA
Carbon Underground 200Top 200 carbon reserves
$102,674
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
9
holdings
$1.39M
invested
2.4%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
17
holdings
$2.57M
invested
4.44%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
33
holdings
$4.49M
invested
7.74%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
2
holdings
$418,763
invested
0.72%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
20
holdings
$2.35M
invested
4.06%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
45 holdings
45 holdings
  • 1. Vale SA
    Coal industryOil/gas industry
    $448,100
    0.77%
  • 2. Reliance Industries Ltd
    Oil/gas industry
    $343,972
    0.59%
  • 3. Petroleo Brasileiro SA Petrobras Participating Preferred
    Carbon Underground 200Oil/gas industry
    $339,078
    0.58%
  • 4. Petroleo Brasileiro SA Petrobras
    Carbon Underground 200Oil/gas industry
    $337,020
    0.58%
  • 5. Hyundai Motor Co
    Oil/gas industry
    $314,810
    0.54%
See all



Financial performance
Performance data provided byMorningstarFind more financial data on KEMX at Morningstar.com
Current fund
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF
Family
KraneShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.32% more in annualized returns
Less invested in fossil fuels 
0.94% less invested
Lower fossil finance risk score 
29 points lower
Lower fossil insurance risk score 
13 points lower
More invested in Clean200 
4.05% more invested
Current fund
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF
Family
KraneShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.32% more in annualized returns
Less invested in fossil fuels 
0.94% less invested
Lower fossil finance risk score 
29 points lower
Lower fossil insurance risk score 
13 points lower
More invested in Clean200 
4.05% more invested
Current fund
KEMX
KraneShares MSCI Emerging Markets ex China Index ETF
Family
KraneShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 5/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.32% more in annualized returns
Less invested in fossil fuels 
0.94% less invested
Lower fossil finance risk score 
29 points lower
Lower fossil insurance risk score 
13 points lower
More invested in Clean200 
4.05% more invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
KEMX - KraneShares MSCI Emerging Markets ex China Index ETF
8.92%
6.05%
12%
/
10% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
13%
9.32%
10%
5.36%
11% 
Fund compared to benchmark
 
-4.21%
-3.27%
1.32%
/
0.94%  lower
Find more financial data on KEMX at Morningstar.com
What's next?
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