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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: 05/31/2015 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 3.75% 26.93% 12.65% 66.85% 21.50% 32.21% -4.09% 21.47%
Closing Price 3.63% 26.69% 12.19% 66.12% 21.25% 31.89% -4.17% 21.55%
Index 3.59% 26.82% 12.84% 64.77% 20.95% 31.31% -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 06/29/2015
Premium Discount Chart >
NAV
Net Asset Value$39.87
Daily Change -3.49%
Price
Closing Price $39.61
Daily Change-3.84%

Fund Details

Data as of 06/29/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$97,671,513
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 06/29/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 06/29/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 06/29/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
10.781700 HK533,21210,529,781
2
ALIBABA GROUP HOLDING-SP
8.529BABA102,7588,330,591
3
BAIDU INC - SPON ADR
8.315BIDU40,5048,121,052
4
CTRIP.COM INT'L ADR
6.91CTRP95,5816,748,974
5
JD.COM INC-ADR
5.94JD178,5105,801,575
6
QIHO 360 TECHNOLOGY LTD
4.65QIHU67,6774,541,803
7
NETEASE.COM INC ADR
4.159NTES28,8924,062,504
8
VIPSHOP HOLDINGS LTD ADR
3.786VIPS171,6573,697,492
9
SINA CORP
3.557SINA65,2113,474,442
10
YOUKU.COM INC ADR
3.362YOKU137,6313,283,876

Holdings are subject to change.

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Premium Discount Chart

Data as of 06/29/2015
NAVMid-PointPremium/Discount
$39.87$39.61$-0.26

Historical Data

Quarter Ending: 06/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%22.58%
# Of Days between 0% & +0.5%14
Days between -0.5% & 0%74.19%
# Of Days between -0.5% & 0%46
 
# of Days at:Premium14
NAV0
Discount48

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 06/29/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
110.781TENCENT HOLDINGS LTD700 HK533,21210,529,780
28.529ALIBABA GROUP HOLDING-SPBABA102,7588,330,591
38.315BAIDU INC - SPON ADRBIDU40,5048,121,052
46.91CTRIP.COM INT'L ADRCTRP95,5816,748,974
55.94JD.COM INC-ADRJD178,5105,801,575
64.65QIHO 360 TECHNOLOGY LTDQIHU67,6774,541,803
74.159NETEASE.COM INC ADRNTES28,8924,062,504
83.786VIPSHOP HOLDINGS LTD ADRVIPS171,6573,697,491
93.557SINA CORPSINA65,2113,474,442
103.362YOUKU.COM INC ADRYOKU137,6313,283,875
113.26958.COM INCWUBA50,8683,192,475
122.677KINGSOFT CORP LTD3888 HK804,4702,614,897
132.523YY INC ADRYY36,3942,463,873
142.322SOUFUN HOLDINGS LTD. ADRSFUN278,9152,267,578
152.322AUTOHOME INC - ADRATHM47,3962,267,898
162.123SOHU.COM INCSOHU35,1762,073,625
171.884BITAUTO HOLDINGS ADRBITA37,1821,840,137
181.785COGOBUY GROUP400 HK1,328,0001,743,773
191.693TAL EDUCATION GROUPXRS47,6811,653,577
201.316MOMO INC-SPON ADRMOMO81,2101,285,554
211.213WEIBO CORP SPON ADRWB69,9221,185,177
221.16521VIANET GROUP INCVNET57,9291,138,304
231.158QUNAR CAYMAN ISLANDS LTD-QUNR26,9221,131,262
241.029NETDRAGON WEBSOFT INC777 HK280,7521,004,916
251.025JUMEI INTERNATIONAL ADRJMEI47,6811,001,301
260.977CHEETAH MOBILECMCM34,082954,296
270.895XUNLEI LTD-ADRXNET76,124873,903
280.72951 JOBS INC ADRJOBS22,036711,542
290.696CHANGYOU.COM LTD-ADRCYOU23,425679,793
300.691500.COM LTD CL A ADRWBAI26,502674,475
310.609PHOENIX NEW MEDIA LTD -ADFENG76,977595,032
320.58HC INTERNATIONAL INC2280 HK532,000566,121
330.545E-COMMERCE CHINA DANG ADRDANG59,097532,463
340.516TUNIU CORP-SPON ADRTOUR29,328503,561
350.465V1 GROUP LTD82 HK4,690,910453,798
360.463BOYAA INTERACTIVE INTERNA434 HK610,984452,361
370.419TIAN GE INTERACTIVE1980 HK717,000408,776
380.412LINEKONG INTERACTIVE CO L8267 HK235,000401,934
390.411CHINA DISTANCE ED ADRDL US25,821401,516
400.405OURGAME INTERNATIONAL HOL6899 HK484,000395,178
410.374ZHAOPIN LTD-SPONSORED ADRZPIN24,074365,684
420.327RENREN INC ADRRENN83,602319,359
430.318NETQIN MOBILE- ADRNQ62,968310,432
440.282IDREAMSKY TECHNOLOGY CO-ADSKY23,393275,101
450.267CHINA MOBILE GAMES ADRCMGE12,794260,613
460.263CHINACACHE INTERNAT-ADRCCIH21,317256,443
470.257FEIYU TECHNOLOGY INTERNAT1022 HK586,500251,159
480.236PACIFIC ONLINE543 HK534,676230,346
490.224KONGZHONG CORP - ADRKZ29,628218,950
500.203FORGAME HOLDINGS LTD484 HK69,856198,230
510.183JIAYUAN.COM INTL- ADRDATE24,610178,422
520.182BAIOO FAMILY INTERACTIVE2100 HK1,680,000177,691
530.172ELONG INC ADR STOCKLONG10,865168,407
540.156LEJU HOLDINGS LTD ADRLEJU19,221152,038
550.092SKY-MOBI LTD SP ADRMOBI18,45589,691
560.079CHINA FINANCE ONLINE-ADRJRJC14,25077,092
570.075CHINA BINARY SALE TECHNOL8255 HK381,35573,292
580.062CASH60,97860,978
590.017CHINANET ONLINE HOLDINGSCNET13,65916,937
600.002PERFECT WORLD CO LTD-ADRPWRD801,580
610.001HONG 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.