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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: 03/31/2015 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Annualized Calendar QTR
03/31/2015
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 5.20% 4.59% -1.33% 38.28% -4.09% 21.47% -4.09% 21.47%
Closing Price 5.58% 4.87% -1.07% 38.44% -4.17% 21.55% -4.17% 21.55%
Index 5.22% 4.84% -0.99% 36.70% -4.43% 20.63% -4.43% 20.63%

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 04/20/2015
Premium Discount Chart >
NAV
Net Asset Value$37.82
Daily Change -0.74%
Price
Closing Price $0.00
Daily Change0.00%

Fund Details

Data as of 04/20/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$139,924,235
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 04/20/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 04/20/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 04/20/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
9.973700 HK706,41213,954,965
2
JD.COM INC-ADR
8.468JD359,07511,849,475
3
ALIBABA GROUP HOLDING ADR
7.069BABA120,3349,891,455
4
BAIDU INC - SPON ADR
6.625BIDU43,7539,269,511
5
NETEASE.COM INC ADR
6.255NTES76,8258,751,904
6
CTRIP.COM INT'L ADR
5.166CTRP113,7457,228,495
7
VIPSHOP HOLDINGS LTD ADR
4.47VIPS218,8356,254,304
8
KINGSOFT CORP LTD
4.2583888 HK1,691,4705,958,301
9
QIHO 360 TECHNOLOGY LTD
3.727QIHU86,3785,215,504
10
SINA CORP
3.567SINA138,9444,990,868

Holdings are subject to change.

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Premium Discount Chart

Data as of 04/20/2015
NAVMid-PointPremium/Discount
$37.82$0$0

Historical Data

Quarter Ending: 06/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%66.67%
# Of Days between 0% & +0.5%8
Days between -0.5% & 0%25%
# Of Days between -0.5% & 0%3
 
# of Days at:Premium8
NAV0
Discount4

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.

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Fund Holdings

Data as of 04/20/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
19.973TENCENT HOLDINGS LTD700 HK706,41213,954,965
28.468JD.COM INC-ADRJD359,07511,849,475
37.069ALIBABA GROUP HOLDING ADRBABA120,3349,891,454
46.625BAIDU INC - SPON ADRBIDU43,7539,269,510
56.255NETEASE.COM INC ADRNTES76,8258,751,904
65.166CTRIP.COM INT'L ADRCTRP113,7457,228,494
74.47VIPSHOP HOLDINGS LTD ADRVIPS218,8356,254,304
84.258KINGSOFT CORP LTD3888 HK1,691,4705,958,301
93.727QIHO 360 TECHNOLOGY LTDQIHU86,3785,215,503
103.567SINA CORPSINA138,9444,990,868
113.173YOUKU.COM INC ADRYOKU279,1944,439,184
123.072YY INC ADRYY71,2794,298,123
132.905SOHU.COM INCSOHU64,6504,065,192
142.71258.COM INCWUBA54,5923,794,689
152.526SOUFUN HOLDINGS LTD. ADRSFUN506,3263,534,155
162.506QUNAR CAYMAN ISLANDS LTD-QUNR76,7973,506,551
172.469AUTOHOME INC - ADRATHM68,6593,454,234
182.218BITAUTO HOLDINGS ADRBITA56,2423,102,871
191.5421VIANET GROUP INCVNET107,6682,154,436
201.343JUMEI INTERNATIONAL ADRJMEI84,0301,878,910
211.293WEIBO CORP SPON ADRWB124,4901,808,839
221.19451 JOBS INC ADRJOBS47,4461,671,048
231.142NETDRAGON WEBSOFT INC777 HK545,7521,598,514
241.061PERFECT WORLD CO LTD-ADRPWRD80,1081,484,401
250.908CHEETAH MOBILECMCM57,6351,270,275
260.821SHANDA GAMES LTD ADRGAME167,6741,148,566
270.703XUNLEI LTD-ADRXNET130,190984,236
280.691TIAN GE INTERACTIVE1980 HK1,385,000966,813
290.679500.COM LTD CL A ADRWBAI53,613950,558
300.664COGOBUY GROUP400 HK862,000928,729
310.564PHOENIX NEW MEDIA LTD -ADFENG110,509789,034
320.522E-COMMERCE CHINA DANG ADRDANG82,897730,322
330.506ZHAOPIN LTD-SPONSORED ADRZPIN42,932707,948
340.457V1 GROUP LTD82 HK6,980,910639,537
350.448CHANGYOU.COM LTD-ADRCYOU22,128626,222
360.401OURGAME INTERNATIONAL HOL6899 HK725,000561,286
370.377CHINA MOBILE GAMES ADRCMGE26,113527,221
380.361TUNIU CORP-SPON ADRTOUR32,647505,049
390.354BOYAA INTERACTIVE434 HK489,984495,670
400.351PACIFIC ONLINE543 HK942,676491,404
410.312RENREN INC ADRRENN165,370436,576
420.305BAIOO FAMILY INTERACTIVE2100 HK2,902,000426,872
430.273NETQIN MOBILE- ADRNQ92,174381,600
440.267CHINACACHE INTERNAT-ADRCCIH31,452374,278
450.258KONGZHONG CORP - ADRKZ57,214361,592
460.182FORGAME HOLDINGS LTD484 HK112,356254,865
470.166JIAYUAN.COM INTL- ADRDATE41,190232,723
480.164ELONG INC ADR STOCKLONG13,886229,257
490.128SUNGY MOBILE LTDGOMO34,928179,529
500.127LEJU HOLDINGS LTD ADRLEJU20,567177,493
510.096SKY-MOBI LTD SP ADRMOBI28,382133,679
520.087CHINA FINANCE ONLINE-ADRJRJC23,136121,926
530.074CHINA BINARY SALE TECHNOL8255 HK405,355103,561
540.054CASH75,63475,634
550.001HONG KONG DOLLARHKD5,600722

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.