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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 10/3/2014

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

Performance History

Data as of month end: 12/31/2014 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Annualized Calendar QTR
12/31/2014
1 Mo 3 Mo 6 Mo Since Inception
7/31/2013
1 Yr Since Inception
7/31/2013
1 Yr Since Inception
7/31/2013
Fund Nav -10.73% -5.66% -11.63% 32.22% -0.61% 21.79% -0.61% 21.79%
Closing Price -10.85% -5.67% -11.98% 32.01% -1.54% 21.66% -1.54% 21.66%
Index -10.70% -5.56% -11.63% 30.39% -1.25% 20.60% -1.25% 20.60%

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.

Fund Prices

Data as of 01/27/2015
Premium Discount Chart >
NAV
Net Asset Value$34.41
Daily Change -0.14%
Price
Closing Price $0.00
Daily Change0.00%

Fund Details

Data as of 01/27/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$194,418,509
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 01/27/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 01/27/2015
Data provided by ETF Research Center

Valuation Metrics

Data as of 01/27/2015
 20132014
Price-to-earnings116.88%25.71%
Price-to-cash flow211.85%
Price-to-sales31.88% 3.45%
Price-to-book value42.75%3.26%
Yield (%)0.30%0.40%
Data provided by ETF Research Center

Per Share Results

Data as of 01/27/2015   
Sales9.96
Earnings1.34
Dividends0.16
Book Value10.55
 
Sales Growth29.24%
EPS Growth529.28%

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 01/27/2015
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
9.816TENCENT HOLDINGS LTDBMMV2K81,087,81219,083,436
9.527ALIBABA GROUP HOLDING ADR01609W102179,93218,522,200
7.749BAIDU.COM, INC. ADR05675210866,21015,064,761
7.326JD.COM INC-ADR47215P106562,04514,242,220
6.51NETEASE.COM INC ADR64110W102114,89812,657,163
4.242CTRIP.COM INT'L ADR22943F100166,9428,246,934
4.191VIPSHOP HOLDINGS LTD ADR92763W103343,7688,147,301
3.91QIHO 360 TECHNOLOGY LTD74734M109125,7367,601,998
3.853YY INC ADR98426T106104,2997,491,797
3.848SINA CORPG81477104202,4937,482,116

Holdings are subject to change.

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Premium Discount Chart

Data as of 01/27/2015
NAVMid-PointPremium/Discount
$34.41$0$0

Historical Data

Quarter Ending: 03/31/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%18.75%
# Of Days between 0% & +0.5%3
Days between -0.5% & 0%81.25%
# Of Days between -0.5% & 0%13
 
# of Days at:Premium3
NAV0
Discount13
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Fund Holdings

Data as of 01/27/2015
% of Net AssetsNameIdentifierShares HeldMarket Value($)
9.816TENCENT HOLDINGS LTDBMMV2K81,087,81219,083,436
9.527ALIBABA GROUP HOLDING ADR01609W102179,93218,522,200
7.749BAIDU.COM, INC. ADR05675210866,21015,064,761
7.326JD.COM INC-ADR47215P106562,04514,242,220
6.51NETEASE.COM INC ADR64110W102114,89812,657,163
4.242CTRIP.COM INT'L ADR22943F100166,9428,246,934
4.191VIPSHOP HOLDINGS LTD ADR92763W103343,7688,147,301
3.91QIHO 360 TECHNOLOGY LTD74734M109125,7367,601,998
3.853YY INC ADR98426T106104,2997,491,797
3.848SINA CORPG81477104202,4937,482,116
3.706YOUKU.COM INC ADR98742U100421,2997,204,212
3.352KINGSOFT CORP LTDB27WRM32,650,4706,516,428
3.01SOUFUN HOLDINGS LTD. ADR836034108846,7975,851,367
2.829SOHU.COM INC83408W10397,1275,499,330
2.812BITAUTO HOLDINGS ADR09172710788,9245,466,158
1.90958.COM INC31680Q10493,8223,711,598
1.837AUTOHOME INC - ADR05278C10799,1393,570,986
1.65221VIANET GROUP INC90138A103183,5343,211,845
1.636QUNAR CAYMAN ISLANDS LTD-74906P104106,6773,181,108
1.42851 JOBS INC ADR31682710478,6712,777,086
1.334WEIBO CORP SPON ADR948596101201,1422,592,720
1.251PERFECT WORLD CO LTD-ADR71372U104127,9582,432,481
1.152JUMEI INTERNATIONAL ADR48138L107161,7472,240,195
0.879XUNLEI LTD-ADR98419E108210,0341,709,676
0.864CHEETAH MOBILE16307510486,6421,679,121
0.737SHANDA GAMES LTD ADR81941U105255,0931,433,622
0.727500.COM LTD CL A ADR33829R10075,8931,413,886
0.709NETDRAGON WEBSOFT INCB28SXZ5778,7521,378,215
0.644PHOENIX NEW MEDIA LTD -AD71910C103164,5741,252,408
0.614E-COMMERCE CHINA DANG ADR26833A105133,7441,192,996
0.504TIAN GE INTERACTIVEBNLPLJ02,115,000979,419
0.492ZHAOPIN LTD-SPONSORED ADR98954L10361,529956,775
0.458CHANGYOU.COM LTD-ADR15911M10733,081890,871
0.404V1 GROUP LTDBPFH3X410,330,910786,238
0.378NETQIN MOBILE- ADR64118U108193,252734,357
0.348CHINA MOBILE GAMES ADR16952T10039,178676,995
0.336RENREN INC ADR759892102256,223653,368
0.319COGOBUY GROUPBP46XQ51,104,000620,896
0.295PACIFIC ONLINEB29TFJ51,488,676574,163
0.264TUNIU CORP-SPON ADR89977P10638,303512,877
0.258CHINACACHE INTERNAT-ADR16950M10748,200502,244
0.258BOYAA INTERACTIVEBGCBFM9700,984500,935
0.234KONGZHONG CORP - ADR50047P10482,711454,910
0.202LEJU HOLDINGS LTD ADR50187J10834,409392,950
0.2ELONG INC ADR STOCK29013820521,598388,764
0.195BAIOO FAMILY INTERACTIVEBKXP4R64,268,000379,872
0.145JIAYUAN.COM INTL- ADR47737410262,156281,566
0.142FORGAME HOLDINGS LTDBF21WZ4156,256276,941
0.138SUNGY MOBILE LTD86737M10051,754268,085
0.12OURGAME INTERNATIONAL HOLBNGVXR5571,000234,221
0.105CASHCASH203,191203,191
0.084SKY-MOBI LTD SP ADR83084G10942,930163,134
0.082CHINA FINANCE ONLINE-ADR16937910431,931159,335
0.04CHINA BINARY SALE TECHNOLBH32JL5537,35577,632
0HONG KONG DOLLARHKD5,618724

Holdings are subject to change.

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2014 Distributions

Ex-DateRecord DatePayable DateAmount
12/26/14 12/30/14 12/31/2014
6/25/14 6/27/14 6/30/14 $0.291013

2013 Distributions

Ex-DateRecord DatePayable DateAmount
12/26/13 12/30/13 12/31/13 $0.104704

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.