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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: 04/30/2015 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 16.30% 20.27% 8.67% 60.82% 24.23% 31.19% -4.09% 21.47%
Closing Price 15.78% 20.32% 8.19% 60.29% 24.20% 30.95% -4.17% 21.55%
Index 16.35% 20.33% 9.05% 59.05% 23.86% 30.37% -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 05/27/2015
Premium Discount Chart >
NAV
Net Asset Value$42.35
Daily Change -0.45%
Price
Closing Price $42.31
Daily Change-0.40%

Fund Details

Data as of 05/27/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$165,151,450
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 05/27/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 05/27/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 05/27/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
9.382700 HK761,21215,494,985
2
JD.COM INC-ADR
7.827JD377,40512,926,121
3
ALIBABA GROUP HOLDING ADR
7.657BABA136,55812,645,271
4
NETEASE.COM INC ADR
6.958NTES79,87111,491,041
5
BAIDU INC - SPON ADR
5.98BIDU49,0219,875,280
6
CTRIP.COM INT'L ADR
5.73CTRP116,0999,463,810
7
YOUKU.COM INC ADR
4.934YOKU297,7428,149,199
8
KINGSOFT CORP LTD
4.0583888 HK1,671,4706,701,351
9
VIPSHOP HOLDINGS LTD ADR
3.764VIPS234,2236,216,278
10
SINA CORP
3.722SINA146,7566,147,609

Holdings are subject to change.

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Premium Discount Chart

Data as of 05/27/2015
NAVMid-PointPremium/Discount
$42.35$42.31$-0.04

Historical Data

Quarter Ending: 06/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%28.21%
# Of Days between 0% & +0.5%11
Days between -0.5% & 0%69.23%
# Of Days between -0.5% & 0%27
 
# of Days at:Premium11
NAV0
Discount28

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 05/27/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
19.382TENCENT HOLDINGS LTD700 HK761,21215,494,985
27.827JD.COM INC-ADRJD377,40512,926,121
37.657ALIBABA GROUP HOLDING ADRBABA136,55812,645,270
46.958NETEASE.COM INC ADRNTES79,87111,491,040
55.98BAIDU INC - SPON ADRBIDU49,0219,875,280
65.73CTRIP.COM INT'L ADRCTRP116,0999,463,809
74.934YOUKU.COM INC ADRYOKU297,7428,149,198
84.058KINGSOFT CORP LTD3888 HK1,671,4706,701,351
93.764VIPSHOP HOLDINGS LTD ADRVIPS234,2236,216,278
103.722SINA CORPSINA146,7566,147,608
113.173YY INC ADRYY74,8195,240,322
123.07QIHO 360 TECHNOLOGY LTDQIHU92,6365,070,894
132.646SOHU.COM INCSOHU66,6344,369,857
142.565SOUFUN HOLDINGS LTD. ADRSFUN532,9024,236,570
152.525BITAUTO HOLDINGS ADRBITA64,5364,169,670
162.46258.COM INCWUBA52,4484,065,244
172.177QUNAR CAYMAN ISLANDS LTD-QUNR75,3933,594,738
182.07AUTOHOME INC - ADRATHM70,8433,418,174
191.6NETDRAGON WEBSOFT INC777 HK533,7522,642,251
201.279WEIBO CORP SPON ADRWB132,4182,112,067
211.19921VIANET GROUP INCVNET112,9481,979,978
221.18CHEETAH MOBILECMCM59,0951,948,362
231.145JUMEI INTERNATIONAL ADRJMEI82,5781,891,036
241.033PERFECT WORLD CO LTD-ADRPWRD86,2381,706,650
251.01251 JOBS INC ADRJOBS52,7041,670,716
260.883COGOBUY GROUP400 HK798,0001,458,755
270.853XUNLEI LTD-ADRXNET139,7401,408,579
280.748SHANDA GAMES LTD ADRGAME177,9261,234,806
290.726TIAN GE INTERACTIVE1980 HK1,343,0001,199,810
300.572E-COMMERCE CHINA DANG ADRDANG92,177944,814
310.547PHOENIX NEW MEDIA LTD -ADFENG123,253903,444
320.536500.COM LTD CL A ADRWBAI42,664885,278
330.498V1 GROUP LTD82 HK7,016,910823,172
340.497OURGAME INTERNATIONAL HOL6899 HK707,000820,286
350.472ZHAOPIN LTD-SPONSORED ADRZPIN47,996778,975
360.453CHANGYOU.COM LTD-ADRCYOU23,178747,490
370.432RENREN INC ADRRENN177,082713,640
380.362TUNIU CORP-SPON ADRTOUR34,011597,573
390.353PACIFIC ONLINE543 HK998,676583,211
400.337CHINA MOBILE GAMES ADRCMGE28,051556,531
410.316BOYAA INTERACTIVE434 HK495,984521,109
420.295BAIOO FAMILY INTERACTIVE2100 HK2,882,000486,708
430.286NETQIN MOBILE- ADRNQ113,746472,045
440.266CHINACACHE INTERNAT-ADRCCIH31,508438,591
450.259CASH428,374428,374
460.239FORGAME HOLDINGS LTD484 HK116,156395,320
470.235KONGZHONG CORP - ADRKZ60,058387,974
480.196ELONG INC ADR STOCKLONG15,306322,956
490.182JIAYUAN.COM INTL- ADRDATE43,778299,879
500.112LEJU HOLDINGS LTD ADRLEJU22,945184,707
510.108SUNGY MOBILE LTDGOMO38,470178,885
520.101CHINA FINANCE ONLINE-ADRJRJC27,852166,554
530.074SKY-MOBI LTD SP ADRMOBI31,394122,122
540.059CHINA BINARY SALE TECHNOL8255 HK405,35598,241

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.