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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: 11/30/2014 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Annualized Calendar QTR
09/30/2014
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 0.08% -5.60% 7.86% 48.11% 19.72% 34.26% 16.09% 33.55%
Closing Price -0.05% -5.72% 8.08% 48.07% 18.53% 34.23% 13.92% 33.38%
Index 0.12% -5.58% 7.19% 46.02% 18.94% 32.84% 14.22% 31.85%

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 12/19/2014
Premium Discount Chart >
NAV
Net Asset Value$33.70
Daily Change 1.46%
Price
Closing Price $0.00
Daily Change0.00%

Fund Details

Data as of 12/19/2014
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$212,315,796
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 12/19/2014

Market Cap Breakdown

< Sector Breakdown
Data as of 12/19/2014
Data provided by ETF Research Center

Valuation Metrics

Data as of 12/19/2014
 20132014
Price-to-earnings116.76%24.44%
Price-to-cash flow210.17%
Price-to-sales31.71% 3.09%
Price-to-book value42.52%2.92%
Yield (%)0.40%0.40%
Data provided by ETF Research Center

Per Share Results

Data as of 12/19/2014   
Sales10.75
Earnings1.36
Dividends0.16
Book Value11.40
 
Sales Growth29.95%
EPS Growth528.80%

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 12/19/2014
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
10.434ALIBABA GROUP HOLDING ADR01609W102200,19922,152,019
8.67TENCENT HOLDINGS LTDBMMV2K81,233,71518,407,008
8.132BAIDU.COM, INC. ADR05675210873,71117,265,327
7.223JD.COM INC-ADR47215P106624,12015,334,628
6.138NETEASE.COM INC ADR64110W102127,84613,032,621
4.121SINA CORPG81477104225,4128,750,493
4.116CTRIP.COM INT'L ADR22943F100193,3358,738,742
3.97YOUKU.COM INC ADR98742U100469,3218,429,005
3.888VIPSHOP HOLDINGS LTD ADR92763W103400,1488,255,053
3.878QIHO 360 TECHNOLOGY LTD74734M109139,8938,234,101

Holdings are subject to change.

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Premium Discount Chart

Data as of 12/19/2014
NAVMid-PointPremium/Discount
$33.7$0$0

Historical Data

Quarter Ending: 12/31/2014 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%60.71%
# Of Days between 0% & +0.5%34
Days between -0.5% & 0%39.29%
# Of Days between -0.5% & 0%22
 
# of Days at:Premium34
NAV0
Discount22
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Fund Holdings

Data as of 12/19/2014
% of Net AssetsNameIdentifierShares HeldMarket Value($)
10.434ALIBABA GROUP HOLDING ADR01609W102200,19922,152,019
8.67TENCENT HOLDINGS LTDBMMV2K81,233,71518,407,008
8.132BAIDU.COM, INC. ADR05675210873,71117,265,327
7.223JD.COM INC-ADR47215P106624,12015,334,628
6.138NETEASE.COM INC ADR64110W102127,84613,032,621
4.121SINA CORPG81477104225,4128,750,493
4.116CTRIP.COM INT'L ADR22943F100193,3358,738,742
3.97YOUKU.COM INC ADR98742U100469,3218,429,005
3.888VIPSHOP HOLDINGS LTD ADR92763W103400,1488,255,053
3.878QIHO 360 TECHNOLOGY LTD74734M109139,8938,234,101
3.578YY INC ADR98426T106116,1037,596,619
3.456BITAUTO HOLDINGS ADR09172710799,1297,338,519
3.198SOUFUN HOLDINGS LTD. ADR836034108944,4276,790,430
2.726KINGSOFT CORP LTDB27WRM32,914,4705,787,823
2.676SOHU.COM INC83408W103107,6705,681,745
2.05358.COM INC31680Q104103,4684,358,072
2.026AUTOHOME INC - ADR05278C107110,6444,300,732
1.668WEIBO CORP SPON ADR948596101224,4643,542,041
1.6QUNAR CAYMAN ISLANDS LTD-74906P104117,9743,396,471
1.53721VIANET GROUP INC90138A103203,8273,263,270
1.48251 JOBS INC ADR31682710487,7713,146,590
1.275JUMEI INTERNATIONAL ADR48138L107180,3762,707,443
1.025PERFECT WORLD CO LTD-ADR71372U104142,6742,177,205
0.793SHANDA GAMES LTD ADR81941U105284,5251,684,388
0.787500.COM LTD CL A ADR33829R10085,1231,671,815
0.734PHOENIX NEW MEDIA LTD -AD71910C103183,6711,557,530
0.728XUNLEI LTD-ADR98419E108234,3311,546,584
0.7NETDRAGON WEBSOFT INCB28SXZ5850,2521,486,765
0.685CHEETAH MOBILE16307510496,6911,454,232
0.644E-COMMERCE CHINA DANG ADR26833A105148,8371,367,812
0.61TIAN GE INTERACTIVEBNLPLJ02,313,0001,294,494
0.519ZHAOPIN LTD-SPONSORED ADR98954L10368,6661,102,775
0.456CHANGYOU.COM LTD-ADR15911M10736,630967,398
0.433V1 GROUP LTDBPFH3X411,320,910919,722
0.415NETQIN MOBILE- ADR64118U108215,404881,002
0.397CHINA MOBILE GAMES ADR16952T10043,728843,513
0.368RENREN INC ADR759892102284,238781,654
0.367PACIFIC ONLINEB29TFJ51,620,676779,542
0.275COGOBUY GROUPBP46XQ51,225,000582,904
0.27BOYAA INTERACTIVEBGCBFM9766,984573,653
0.248TUNIU CORP-SPON ADR89977P10642,736526,934
0.241KONGZHONG CORP - ADR50047P10493,059511,824
0.214CHINACACHE INTERNAT-ADR16950M10753,712454,940
0.209ELONG INC ADR STOCK29013820524,042444,777
0.194LEJU HOLDINGS LTD ADR50187J10838,478411,714
0.184BAIOO FAMILY INTERACTIVEBKXP4R64,664,000390,937
0.154JIAYUAN.COM INTL- ADR47737410268,747327,923
0.154FORGAME HOLDINGS LTDBF21WZ4169,456327,780
0.137SUNGY MOBILE LTD86737M10057,656290,009
0.121OURGAME INTERNATIONAL HOLBNGVXR5681,000256,427
0.104CHINA FINANCE ONLINE-ADR16937910436,156220,551
0.09SKY-MOBI LTD SP ADR83084G10947,974190,456
0.064CASHCASH136,311136,311
0.026CHINA BINARY SALE TECHNOLBH32JL5537,35555,435
0HONG 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.