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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: 07/31/2015 Total Annual Fund Operating Expense: 0.71%
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 -12.21% -9.94% 8.32% 44.84% -5.17% 20.35% 10.28% 29.85%
Closing Price -12.02% -9.64% 8.72% 44.84% -4.79% 20.35% 9.77% 29.70%
Index -11.53% -9.32% 9.11% 44.22% -4.24% 20.09% 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 08/28/2015
Premium Discount Chart >
NAV
Net Asset Value$31.25
Daily Change -0.61%
Price
Closing Price $31.20
Daily Change-1.25%

Fund Details

Data as of 08/28/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$70,313,447
Total Annual Fund Operating Expense 0.71%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 08/28/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 08/28/2015
Data provided by ETF Research Center

Valuation Metrics

Data as of 08/28/2015
 20142015
Price-to-earnings113.00 17.97
Price-to-cash flow2 11.00
Price-to-sales3 1.38 1.54
Price-to-book value4 1.83 1.67
Yield (%) 0.30% 0.30%
Data provided by ETF Research Center

Per Share Results

Data as of 08/28/2015   
Sales Per Share21.11
Earnings Per Share1.82
Dividends Per Share0.11
Book Value Per Share19.53
 
Sales Per Share Growth-10.62%
EPS Growth5-27.64%

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 08/28/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
10.825700 HK451,3127,611,109
2
ALIBABA GROUP HOLDING-SP
9.899BABA99,3336,960,263
3
CTRIP.COM INT'L ADR
8.916CTRP90,2066,269,317
4
BAIDU INC - SPON ADR
7.548BIDU34,8885,307,511
5
JD.COM INC-ADR
6.315JD165,8734,440,420
6
QIHO 360 TECHNOLOGY LTD
4.246QIHU56,6992,985,769
7
NETEASE.COM INC ADR
4.207NTES25,0852,957,772
8
VIPSHOP HOLDINGS LTD ADR
4.152VIPS153,4272,919,716
9
YOUKU.COM INC ADR
3.843YOKU153,4532,702,307
10
58.COM INC-ADR
3.523WUBA53,7132,477,244

Holdings are subject to change.

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Premium Discount Chart

Data as of 08/28/2015
NAVMid-PointPremium/Discount
$31.25$31.2$-0.05

Historical Data

Quarter Ending: 09/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%33.33%
# Of Days between 0% & +0.5%14
Days between -0.5% & 0%57.14%
# Of Days between -0.5% & 0%24
 
# of Days at:Premium15
NAV0
Discount27

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 08/28/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
110.825TENCENT HOLDINGS LTD700 HK451,3127,611,109
29.899ALIBABA GROUP HOLDING-SPBABA99,3336,960,263
38.916CTRIP.COM INT'L ADRCTRP90,2066,269,317
47.548BAIDU INC - SPON ADRBIDU34,8885,307,511
56.315JD.COM INC-ADRJD165,8734,440,420
64.246QIHO 360 TECHNOLOGY LTDQIHU56,6992,985,769
74.207NETEASE.COM INC ADRNTES25,0852,957,772
84.152VIPSHOP HOLDINGS LTD ADRVIPS153,4272,919,715
93.843YOUKU.COM INC ADRYOKU153,4532,702,307
103.52358.COM INC-ADRWUBA53,7132,477,243
113.215SINA CORPSINA58,3482,260,401
122.8YY INC ADRYY34,8231,968,892
132.468SOHU.COM INCSOHU36,3991,735,504
142.171TAL EDUCATION GROUP- ADRXRS48,7301,526,223
152.147KINGSOFT CORP LTD3888 HK719,4701,509,484
161.925SOUFUN HOLDINGS LTD. ADRSFUN233,3151,353,227
171.59721VIANET GROUP INCVNET62,2101,122,890
181.587COGOBUY GROUP400 HK1,203,0001,116,066
191.569AUTOHOME INC - ADRATHM35,1811,102,924
201.385MOMO INC-SPON ADRMOMO78,754974,186
211.369QUNAR CAYMAN ISLANDS LTD-QUNR27,960962,662
221.159BITAUTO HOLDINGS LTD-ADRBITA30,968814,768
231.151WEIBO CORP-SPON ADRWB65,727809,099
240.865NETDRAGON WEBSOFT INC777 HK267,752608,052
250.78551 JOBS INC ADRJOBS20,463551,887
260.761CHEETAH MOBILE INC - ADRCMCM29,730535,140
270.674JUMEI INTERNATIONAL ADRJMEI43,727474,000
280.643XUNLEI LTD-ADRXNET56,005451,960
290.618CHANGYOU.COM LTD-ADRCYOU21,053434,533
300.556500.COM LTD CL A ADRWBAI23,412390,746
310.503E-COMMERCE CHINA DANG ADRDANG57,526353,784
320.452TUNIU CORP-SPON ADRTOUR25,200317,520
330.451NQ MOBILE INC - ADRNQ74,185316,769
340.442TIAN GE INTERACTIVE1980 HK792,000310,666
350.433PHOENIX NEW MEDIA LTD -ADFENG61,417304,628
360.368RENREN INC ADRRENN79,897258,866
370.36ZHAOPIN LTD-SPONSORED ADRZPIN19,800253,440
380.348V1 GROUP LTD82 HK3,450,910244,901
390.343BOYAA INTERACTIVE INTERNA434 HK567,984241,116
400.298IDREAMSKY TECHNOLOGY CO-ADSKY19,046209,506
410.289CHINA DISTANCE EDUCATION-DL18,924203,433
420.285CHINACACHE INTERNAT-SPONCCIH27,424200,469
430.281OURGAME INTERNATIONAL HOL6899 HK402,000197,627
440.274ELONG INC ADR STOCKLONG11,289192,364
450.257KONGZHONG CORP - ADRKZ27,813180,784
460.238HC INTERNATIONAL INC2280 HK368,000167,142
470.2JIAYUAN.COM INTL- ADRDATE23,789140,830
480.189FEIYU TECHNOLOGY INTERNAT1022 HK492,000132,680
490.185PACIFIC ONLINE543 HK443,676129,953
500.161CASH113,115113,115
510.148BAIOO FAMILY INTERACTIVE2100 HK1,738,000104,279
520.147FORGAME HOLDINGS LTD484 HK60,556103,139
530.133LEJU HOLDINGS LTD-ADRLEJU17,72193,212
540.132LINEKONG INTERACTIVE GROU8267 HK111,00092,666
550.087CHINA MOBILE GAMES-ADRCMGE2,78461,053
560.053SKY-MOBI LTD-SP ADRMOBI12,05837,259
570.047CHINA FINANCE ONLINE-ADRJRJC9,04132,909
580.03CHINA BINARY SALE TECHNOL8255 HK183,35521,056
590.014CHINANET ONLINE HOLDINGSCNET10,7989,696
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.