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KWEB

KraneShares CSI China Internet ETF

Investment Strategy:

KWEB seeks to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors.

KWEB provides:

  • Access to Chinese internet companies that provide similar services as Google, Facebook, Twitter, eBay, Amazon
  • Exposure to China's large and growing internet user base; China had 632 million internet users as of June 2014 this compares to the US at 254 million users. In a rapidly urbanizing country of over 1.3 billion people, China’s internet penetration has tremendous room for growth

China Internet Sector Highlights:

  • China eRetailing sales topped $410 billion in 2013 and is projected to reach $650 billion by 2020;  a 59% increase in sales
  • When accessing the internet, 83% of Chinese users were more likely to use a mobile device versus a pc.
  • 4.3% of retail sales in China are done via the internet vs 1.1% in the US
  • Alibaba, one of the largest internet companies in the world, included in KWEB as of 10/3/2013

There is no guarantee that any security will be added to the index or the Fund.

Source: China Internet Network Information Center, McKinsey, Bain & Company

Performance History

Data as of month end: 09/30/2014 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Calendar QTR
09/30/2014
1 Mo 3 Mo 6 Mo 1 Yr Since Inception
7/31/2013
Since Inception
7/31/2013
1 Yr Since Inception
7/31/2013
Fund Nav -10.68% -6.33% -2.80% 16.09% 40.14% 33.55% 16.09% 40.14%
Closing Price -10.90% -6.69% -3.13% 13.92% 39.94% 33.38% 13.92% 39.94%
Index -10.73% -6.43% -3.48% 14.22% 38.06% 31.85% 14.22% 38.06%

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

  1. Dow Jones U.S. Technology Total Return Index℠: Unmanaged index considered representative of the technology sector
  2. NASDAQ 100® Total Return Index: Includes 100 of the largest domestic and international nonfinancial securities listed on The Nasdaq Stock Market, based on market capitalization.
  3. MSCI US Investable Market Information Technology Index: Designed to capture the large, mid and small cap segments of the US equity universe. All securities in the index are classified in the Information Technology sector as per the Global Industry Classification Standard (GICS®).
  4. Tech Select Sector Total Return Index: Modified market capitalization-based index intended to track the movements of companies that are components of the S&P 500 and are involved in the development or production of technology products.
  5. Dow Jones Internet Composite Total Return Index: Represents the largest and most actively traded stocks of U.S. companies in the Internet industry.

Fund Prices

Data as of 10/21/2014
Premium Discount Chart >
NAV
Net Asset Value$35.05
Daily Change 2.10%
Price
Closing Price $
Daily Change0.00%

Fund Details

Data as of 10/21/2014
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$108,642,362
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 10/21/2014

Market Cap Breakdown

< Sector Breakdown
Data as of 10/21/2014
Data provided by ETF Research Center

Valuation Metrics

Data as of 10/21/2014
 20132014
Price-to-earnings117.3330.1
Price-to-cash flow211.91
Price-to-sales32.264.54
Price-to-book value42.613.02
Yield (%)0.40.4
Data provided by ETF Research Center

Per Share Results

Data as of 10/21/2014   
 2013
Sales7.74
Earnings1.17
Dividends0.15
Book Value11.62
 
Sales Growth21.86%
EPS Growth57.94%

Definitions:

  1. Price-to-earnings: A valuation method used to compare a company's current share price to its per-share earnings
  2. Price-to-cash flow: The ratio of a stock’s price to its cash flow per share
  3. Price-to-sales: A valuation ratio that compares a company's stock price to its revenues.
  4. Price-to-book value: A valuation ratio that compares a company's stock price to its revenues
  5. Earnings Per Share - EPS: The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability
Data provided by ETF Research Center

Top 10 Holdings

Data as of 10/21/2014
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
9.861ALIBABA GROUP HOLDING ADR01609W102117,85910,713,383
8.693TENCENT HOLDINGS LTDBMMV2K8634,7879,444,688
8.096BAIDU.COM, INC. ADR05675210839,5608,796,166
6.843JD.COM INC-ADR47215P106292,6737,433,894
5.921CTRIP.COM INT'L ADR22943F100112,1936,433,146
4.28NETEASE.COM INC ADR64110W10250,4264,650,285
4.213YOUKU.COM INC ADR98742U100241,6644,577,116
4.165VIPSHOP HOLDINGS LTD ADR92763W10322,6254,525,000
4.143YY INC ADR98426T10657,4604,500,841
4.079QIHO 360 TECHNOLOGY LTD74734M10966,1044,431,612

Holdings are subject to change.

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Premium Discount Chart

Data as of 10/21/2014
NAVMid-PointPremium/Discount
$35.05$0$0

Historical Data

Quarter Ending: 12/31/2014 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%21.43%
# Of Days between 0% & +0.5%3
Days between -0.5% & 0%78.57%
# Of Days between -0.5% & 0%11
 
# of Days at:Premium3
NAV0
Discount11
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Fund Holdings

Data as of 10/21/2014
% of Net AssetsNameIdentifierShares HeldMarket Value($)
9.861ALIBABA GROUP HOLDING ADR01609W102117,85910,713,383
8.693TENCENT HOLDINGS LTDBMMV2K8634,7879,444,688
8.096BAIDU.COM, INC. ADR05675210839,5608,796,166
6.843JD.COM INC-ADR47215P106292,6737,433,894
5.921CTRIP.COM INT'L ADR22943F100112,1936,433,146
4.28NETEASE.COM INC ADR64110W10250,4264,650,285
4.213YOUKU.COM INC ADR98742U100241,6644,577,116
4.165VIPSHOP HOLDINGS LTD ADR92763W10322,6254,525,000
4.143YY INC ADR98426T10657,4604,500,841
4.079QIHO 360 TECHNOLOGY LTD74734M10966,1044,431,612
4.075BITAUTO HOLDINGS ADR09172710754,6124,426,848
3.945SOUFUN HOLDINGS LTD. ADR836034108404,3664,286,279
3.833SINA CORPG81477104103,9174,163,954
3.567KINGSOFT CORP LTDB27WRM31,660,7343,875,542
2.614SOHU.COM INC83408W10364,9552,839,832
2.50621VIANET GROUP INC90138A103140,3352,722,499
2.36758.COM INC31680Q10467,3082,571,165
1.948AUTOHOME INC - ADR05278C10743,1202,115,898
1.7QUNAR CAYMAN ISLANDS LTD-74906P10468,8241,846,547
1.561PERFECT WORLD CO LTD-ADR71372U10480,1631,696,249
1.35851 JOBS INC ADR31682710448,9221,474,998
1.357500.COM LTD CL A ADR33829R10049,1361,474,080
0.95E-COMMERCE CHINA DANG ADR26833A10586,6871,032,442
0.937SHANDA GAMES LTD ADR81941U105156,8581,018,008
0.834NETDRAGON WEBSOFT INCB28SXZ5529,267906,205
0.715RENREN INC ADR759892102235,361776,691
0.683PHOENIX NEW MEDIA LTD -AD71910C10378,635741,528
0.631V1 GROUP LTDBPFH3X46,995,735685,489
0.625BOYAA INTERACTIVEBGCBFM9749,744679,551
0.617CHINA MOBILE GAMES ADR16952T10029,149670,427
0.439PACIFIC ONLINEB29TFJ5921,487476,417
0.411KONGZHONG CORP - ADR50047P10466,903446,912
0.329CHANGYOU.COM LTD-ADR15911M10720,752357,972
0.326CHINA FINANCE ONLINE-ADR16937910464,971354,091
0.244ELONG INC ADR STOCK29013820513,335265,233
0.239LIGHTINTHEBOX HOLDING-ADR53225G10240,191259,633
0.213SUNGY MOBILE LTD86737M10030,027231,207
0.207FORGAME HOLDINGS LTDBF21WZ4131,356225,245
0.179SKY-MOBI LTD SP ADR83084G10926,964194,680
0.137JIAYUAN.COM INTL- ADR47737410228,526148,335
0.095CASHCASH103,456103,456
0.047CHINA BINARY SALE TECHBH32JL5324,35551,437
0.038KU6 MEDIA CO LTD -ADR48274B10336,16741,230
0.001HONG KONG DOLLARHKD5,600722

Holdings are subject to change.

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2014 Distributions

Ex-DateRecord DatePayable DateAmount
6/25/14 6/27/14 6/30/14 $0.35088

2013 Distributions

Ex-DateRecord DatePayable DateAmount
12/26/13 12/30/13 12/31/13 none

There is no guarantee that dividends will be paid. To receive the distribution, you must be a registered shareholder of the ETF on the record date, and must have placed the ETF trade prior to the ex-date. Distributions are paid to shareholders on the payable date. Past distributions are not indicative of future trends. Please consult your tax professional or financial advisor for more information regarding your tax situation.