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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: 06/30/2015 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Annualized Calendar QTR
06/30/2015
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 -1.12% 19.31% 24.79% 64.99% 10.28% 29.85% 10.28% 29.85%
Closing Price -0.90% 18.91% 24.70% 64.62% 9.77% 29.70% 9.77% 29.70%
Index -1.07% 19.24% 25.01% 63.01% 10.48% 29.04% 10.48% 29.04%

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 07/28/2015
Premium Discount Chart >
NAV
Net Asset Value$35.76
Daily Change -0.71%
Price
Closing Price $0.00
Daily Change0.00%

Fund Details

Data as of 07/28/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$110,859,705
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 07/28/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 07/28/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 07/28/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
10.355700 HK607,41211,480,046
2
ALIBABA GROUP HOLDING-SP
9.729BABA133,88110,785,453
3
BAIDU INC - SPON ADR
7.437BIDU49,0688,244,896
4
CTRIP.COM INT'L ADR
7.248CTRP117,6268,035,032
5
JD.COM INC-ADR
6.513JD222,3067,220,499
6
NETEASE.COM INC ADR
4.387NTES34,6314,863,924
7
QIHO 360 TECHNOLOGY LTD
4.267QIHU74,7884,730,341
8
58.COM INC
4.261WUBA78,3154,723,961
9
YOUKU.COM INC ADR
3.993YOKU216,4344,426,075
10
VIPSHOP HOLDINGS LTD ADR
3.858VIPS211,7394,277,128

Holdings are subject to change.

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Premium Discount Chart

Data as of 07/28/2015
NAVMid-PointPremium/Discount
$35.76$0$0

Historical Data

Quarter Ending: 09/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%55.56%
# Of Days between 0% & +0.5%10
Days between -0.5% & 0%44.44%
# Of Days between -0.5% & 0%8
 
# of Days at:Premium10
NAV0
Discount8

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 07/28/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
110.355TENCENT HOLDINGS LTD700 HK607,41211,480,046
29.729ALIBABA GROUP HOLDING-SPBABA133,88110,785,453
37.437BAIDU INC - SPON ADRBIDU49,0688,244,896
47.248CTRIP.COM INT'L ADRCTRP117,6268,035,032
56.513JD.COM INC-ADRJD222,3067,220,498
64.387NETEASE.COM INC ADRNTES34,6314,863,923
74.267QIHO 360 TECHNOLOGY LTDQIHU74,7884,730,341
84.26158.COM INCWUBA78,3154,723,960
93.993YOUKU.COM INC ADRYOKU216,4344,426,075
103.858VIPSHOP HOLDINGS LTD ADRVIPS211,7394,277,127
113.024SINA CORPSINA82,8603,352,515
122.476KINGSOFT CORP LTD3888 HK1,035,4702,745,187
132.427YY INC ADRYY45,5142,690,787
141.998SOUFUN HOLDINGS LTD. ADRSFUN327,6972,215,231
151.995AUTOHOME INC - ADRATHM54,4002,211,904
161.972BITAUTO HOLDINGS LTD-ADRBITA55,3772,186,283
171.961SOHU.COM INCSOHU49,1392,173,417
181.913TAL EDUCATION GROUPXRS64,0102,120,651
191.609COGOBUY GROUP400 HK1,684,0001,783,642
201.457MOMO INC-SPON ADRMOMO101,3131,614,929
211.40821VIANET GROUP INCVNET78,1361,560,375
221.336QUNAR CAYMAN ISLANDS LTD-QUNR37,1881,481,198
231.189WEIBO CORP SPON ADRWB93,5211,317,710
241.081CHEETAH MOBILE INC - ADRCMCM43,4421,198,564
251.022JUMEI INTERNATIONAL ADRJMEI61,5541,132,593
260.973NETDRAGON WEBSOFT INC777 HK391,7521,079,025
270.79451 JOBS INC ADRJOBS28,550880,767
280.657XUNLEI LTD-ADRXNET78,090728,579
290.604CHANGYOU.COM LTD-ADRCYOU31,451669,591
300.554PHOENIX NEW MEDIA LTD -ADFENG91,618613,840
310.528500.COM LTD CL A ADRWBAI31,491585,732
320.479E-COMMERCE CHINA DANG ADRDANG78,718530,559
330.454TIAN GE INTERACTIVE1980 HK1,120,000502,828
340.453TUNIU CORP-SPON ADRTOUR33,767502,452
350.389HC INTERNATIONAL INC2280 HK616,000431,522
360.382BOYAA INTERACTIVE INTERNA434 HK888,984423,197
370.359V1 GROUP LTD82 HK4,820,910398,044
380.344CHINA DISTANCE EDUCATION-DL27,597381,114
390.335ZHAOPIN LTD-SPONSORED ADRZPIN25,812370,918
400.335NETQIN MOBILE- ADRNQ103,970371,172
410.333CHINACACHE INTERNAT-SPONCCIH36,799369,093
420.327RENREN INC ADRRENN103,972362,862
430.306CHINA MOBILE GAMES-ADRCMGE15,733339,360
440.305OURGAME INTERNATIONAL HOL6899 HK594,000337,946
450.269LINEKONG INTERACTIVE CO L8267 HK301,500297,946
460.259IDREAMSKY TECHNOLOGY CO-ADSKY24,244287,048
470.23KONGZHONG CORP - ADRKZ35,606254,938
480.193FEIYU TECHNOLOGY INTERNAT1022 HK729,000214,429
490.183PACIFIC ONLINE543 HK630,676202,594
500.181JIAYUAN.COM INTL- ADRDATE31,327201,119
510.176ELONG INC ADR STOCKLONG14,219195,369
520.172BAIOO FAMILY INTERACTIVE2100 HK2,506,000190,746
530.163FORGAME HOLDINGS LTD484 HK90,456180,880
540.158LEJU HOLDINGS LTD ADRLEJU25,383175,142
550.069CASH76,02376,023
560.06SKY-MOBI LTD SP ADRMOBI16,49766,812
570.053CHINA FINANCE ONLINE-ADRJRJC12,80758,399
580.034CHINA BINARY SALE TECHNOL8255 HK285,35537,181
590.015CHINANET ONLINE HOLDINGSCNET18,67216,804
600.001HONG KONG DOLLARHKD5,601722

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.