New York Office

1350 Avenue of the Americas

Second Floor

New York, NY 10019

Get Our Weekly China Market Update

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: 01/31/2015 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 1.13% -9.65% -12.45% 33.71% -1.48% 21.37% -0.61% 21.79%
Closing Price 0.92% -10.08% -12.42% 33.22% -1.57% 21.08% -1.54% 21.66%
Index 1.36% -9.38% -12.24% 32.17% -1.97% 20.44% -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.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined).

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

Fund Prices

Data as of 02/27/2015
Premium Discount Chart >
NAV
Net Asset Value$32.49
Daily Change -1.58%
Price
Closing Price $32.41
Daily Change-1.70%

Fund Details

Data as of 02/27/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$173,833,709
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 02/27/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 02/27/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 02/27/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
10.596700 HK1,051,11218,418,805
2
JD.COM INC-ADR
8.515JD534,93714,801,707
3
ALIBABA GROUP HOLDING ADR
8.291BABA169,32714,413,114
4
BAIDU INC - SPON ADR
7.328BIDU62,52412,739,265
5
NETEASE.COM INC ADR
6.23NTES108,25310,829,630
6
VIPSHOP HOLDINGS LTD ADR
4.691VIPS333,5438,155,126
7
CTRIP.COM INT'L ADR
4.213CTRP161,4337,324,215
8
SINA CORP
4.211SINA197,2257,320,992
9
YOUKU.COM INC ADR
3.769YOKU399,7046,551,149
10
KINGSOFT CORP LTD
3.2993888 HK2,495,4705,733,939

Holdings are subject to change.

< Back to main

Premium Discount Chart

Data as of 02/27/2015
NAVMid-PointPremium/Discount
$32.49$32.41$-0.08

Historical Data

Quarter Ending: 03/31/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%15.38%
# Of Days between 0% & +0.5%6
Days between -0.5% & 0%84.62%
# Of Days between -0.5% & 0%33
 
# of Days at:Premium6
NAV0
Discount33

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined). Past performance is no guarantee of future returns.

An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

< Back to main

Fund Holdings

Data as of 02/27/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
110.596TENCENT HOLDINGS LTD700 HK1,051,11218,418,804
28.515JD.COM INC-ADRJD534,93714,801,706
38.291ALIBABA GROUP HOLDING ADRBABA169,32714,413,114
47.328BAIDU INC - SPON ADRBIDU62,52412,739,265
56.23NETEASE.COM INC ADRNTES108,25310,829,630
64.691VIPSHOP HOLDINGS LTD ADRVIPS333,5438,155,126
74.213CTRIP.COM INT'L ADRCTRP161,4337,324,215
84.211SINA CORPSINA197,2257,320,992
93.769YOUKU.COM INC ADRYOKU399,7046,551,148
103.299KINGSOFT CORP LTD3888 HK2,495,4705,733,938
113.175QIHO 360 TECHNOLOGY LTDQIHU120,6775,518,559
123.037YY INC ADRYY100,1935,279,169
132.991BITAUTO HOLDINGS ADRBITA81,9495,199,664
142.93SOUFUN HOLDINGS LTD. ADRSFUN744,6645,093,501
152.78SOHU.COM INCSOHU91,8454,832,883
162.16AUTOHOME INC - ADRATHM98,3323,755,299
171.8958.COM INCWUBA78,8083,284,717
181.653QUNAR CAYMAN ISLANDS LTD-QUNR105,6662,873,058
191.58721VIANET GROUP INCVNET159,4932,759,228
201.44951 JOBS INC ADRJOBS70,9362,518,228
211.401WEIBO CORP SPON ADRWB182,5102,434,683
221.281PERFECT WORLD CO LTD-ADRPWRD118,8682,226,397
231.03JUMEI INTERNATIONAL ADRJMEI131,1871,790,702
240.927CHEETAH MOBILECMCM83,7021,611,263
250.778SHANDA GAMES LTD ADRGAME241,4021,351,851
260.749XUNLEI LTD-ADRXNET191,5371,302,451
270.746NETDRAGON WEBSOFT INC777 HK763,2521,297,108
280.668PHOENIX NEW MEDIA LTD -ADFENG158,2421,161,496
290.643E-COMMERCE CHINA DANG ADRDANG121,0061,116,885
300.595ZHAOPIN LTD-SPONSORED ADRZPIN61,0671,035,085
310.507CHANGYOU.COM LTD-ADRCYOU31,443880,718
320.5TIAN GE INTERACTIVE1980 HK1,961,000869,819
330.453V1 GROUP LTD82 HK9,842,910786,879
340.391500.COM LTD CL A ADRWBAI73,599679,318
350.385CHINA MOBILE GAMES ADRCMGE37,477668,964
360.384TUNIU CORP-SPON ADRTOUR44,224667,340
370.363COGOBUY GROUP400 HK1,225,000631,813
380.349RENREN INC ADRRENN236,113606,810
390.341NETQIN MOBILE- ADRNQ145,712593,047
400.286BOYAA INTERACTIVE434 HK687,984497,661
410.285PACIFIC ONLINE543 HK1,326,676496,084
420.282OURGAME INTERNATIONAL HOL6899 HK1,061,000489,769
430.26CHINACACHE INTERNAT-ADRCCIH45,474451,556
440.241KONGZHONG CORP - ADRKZ82,966418,148
450.203CASH352,425352,425
460.202BAIOO FAMILY INTERACTIVE2100 HK4,066,000351,265
470.193ELONG INC ADR STOCKLONG20,060335,002
480.167LEJU HOLDINGS LTD ADRLEJU30,584290,548
490.161JIAYUAN.COM INTL- ADRDATE58,269279,108
500.15FORGAME HOLDINGS LTD484 HK150,756260,478
510.135SUNGY MOBILE LTDGOMO49,886233,965
520.109CHINA FINANCE ONLINE-ADRJRJC33,489190,217
530.106SKY-MOBI LTD SP ADRMOBI41,318185,104
540.027CHINA BINARY SALE TECHNOL8255 HK405,35547,040

Holdings are subject to change.

< Back to main

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.