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Chaoyang District, Beijing, 100020

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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, will IPO in 2H 2014 and should be added to KWEB 11 days after it IPOs

There is no guarantee that any security will be added to the index or the Fund.

Source: China Internet Network Information Center, McKinsey, Bain & Company

Performance History

Data as of month end: 08/31/2014 Total Annual Fund Operating Expense: 0.68%
Cumulative Annualized Calendar QTR
06/30/2014
1 Mo 3 Mo 6 Mo 1 Yr Since Inception
7/31/2013
Since Inception
7/31/2013
1 Yr Since Inception
7/31/2013
Fund Nav 2.73% 14.25% 2.59% 49.82% 56.89% 51.55% 49.61%
Closing Price 3.24% 14.64% 2.56% 49.86% 57.05% 51.69% 49.97%
Index 2.69% 13.53% 1.89% 47.62% 54.66% 49.55% 47.55%

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 09/15/2014
Premium Discount Chart >
NAV
Net Asset Value$36.59
Daily Change -2.79%
Price
Closing Price $
Daily Change0.00%

Fund Details

Data as of 09/15/2014
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$102,462,938
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 09/15/2014

Market Cap Breakdown

< Sector Breakdown
Data as of 09/15/2014
Data provided by Data provided by ETF Research Center

Valuation Metrics

Data as of 09/15/2014
 20132014
Price-to-earnings117.9331.3
Price-to-cash flow212.15
Price-to-sales32.374.68
Price-to-book value42.73.15
Yield (%)0.40.4
Data provided by ETF Research Center

Per Share Results

Data as of 09/15/2014   
 2013
Sales7.81
Earnings1.17
Dividends0.15
Book Value11.6
 
Sales Growth22.02%
EPS Growth57.11%

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 09/15/2014
Full Fund Holdings >
% of Net AssetsNameIdentifierShares HeldMarket Value($)
10.382TENCENT HOLDINGS LTDBMMV2K8668,16510,637,744
10.325BAIDU.COM, INC. ADR05675210850,20210,579,067
7.657JD.COM INC-ADR47215P106271,7397,845,104
6.938CTRIP.COM INT'L ADR22943F100116,6437,109,390
5.055VIPSHOP HOLDINGS LTD ADR92763W10326,3505,179,619
4.802QIHO 360 TECHNOLOGY LTD74734M10963,2074,920,664
4.564NETEASE.COM INC ADR64110W10253,9924,676,787
4.497YY INC ADR98426T10657,0744,608,154
4.295BITAUTO HOLDINGS ADR09172710753,9364,401,177
3.749SINA CORPG8147710484,7633,841,459

Holdings are subject to change.

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Premium Discount Chart

Data as of 09/15/2014
NAVMid-PointPremium/Discount
$36.59$0$0

Historical Data

Quarter Ending: 09/30/2014 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%80.77%
# Of Days between 0% & +0.5%42
Days between -0.5% & 0%19.23%
# Of Days between -0.5% & 0%10
 
# of Days at:Premium42
NAV0
Discount10
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Fund Holdings

Data as of 09/15/2014
% of Net AssetsNameIdentifierShares HeldMarket Value($)
10.382TENCENT HOLDINGS LTDBMMV2K8668,16510,637,744
10.325BAIDU.COM, INC. ADR05675210850,20210,579,067
7.657JD.COM INC-ADR47215P106271,7397,845,104
6.938CTRIP.COM INT'L ADR22943F100116,6437,109,390
5.055VIPSHOP HOLDINGS LTD ADR92763W10326,3505,179,619
4.802QIHO 360 TECHNOLOGY LTD74734M10963,2074,920,664
4.564NETEASE.COM INC ADR64110W10253,9924,676,787
4.497YY INC ADR98426T10657,0744,608,154
4.295BITAUTO HOLDINGS ADR09172710753,9364,401,177
3.749SINA CORPG8147710484,7633,841,459
3.705YOUKU.COM INC ADR98742U100198,1363,796,285
3.448SOUFUN HOLDINGS LTD. ADR836034108348,7383,532,715
3.364KINGSOFT CORP LTDB27WRM31,284,2603,446,410
3.295SOHU.COM INC83408W10363,7903,375,766
2.87821VIANET GROUP INC90138A103137,4352,949,355
2.55958.COM INC31680Q10468,6672,621,706
2.064QUNAR CAYMAN ISLANDS LTD-74906P10471,7022,114,491
1.973AUTOHOME INC - ADR05278C10744,8342,021,565
1.52251 JOBS INC ADR31682710449,0601,559,126
1.44500.COM LTD CL A ADR33829R10049,3841,475,593
1.334PERFECT WORLD CO LTD-ADR71372U10465,3861,367,221
1.056E-COMMERCE CHINA DANG ADR26833A10585,7061,082,466
1.055SHANDA GAMES LTD ADR81941U105169,5101,081,473
0.927NETDRAGON WEBSOFT INCB28SXZ5522,400950,326
0.797PHOENIX NEW MEDIA LTD -AD71910C10382,704816,288
0.78BOYAA INTERACTIVEBGCBFM9745,000798,744
0.778RENREN INC ADR759892102235,911797,379
0.635CHINA MOBILE GAMES ADR16952T10028,625650,646
0.606V1 GROUP LTDBPFH3X45,658,264620,515
0.553CHANGYOU.COM LTD-ADR15911M10723,690566,901
0.488KONGZHONG CORP - ADR50047P10471,897500,403
0.406CHINA FINANCE ONLINE-ADR16937910457,285416,461
0.318LIGHTINTHEBOX HOLDING-ADR53225G10252,028326,215
0.317PACIFIC ONLINEB29TFJ5580,000324,764
0.271SUNGY MOBILE LTD86737M10037,773277,631
0.27FORGAME HOLDINGS LTDBF21WZ4128,900276,730
0.266ELONG INC ADR STOCK29013820515,605272,619
0.231SKY-MOBI LTD SP ADR83084G10928,648236,632
0.164CASHCASH167,764167,764
0.158JIAYUAN.COM INTL- ADR47737410228,358161,924
0.048KU6 MEDIA CO LTD -ADR48274B10338,86448,968
0.036CHINA BINARY SALE TECHBH32JL5220,00037,183
0.008HONG KONG DOLLARHKD61,8387,978

Holdings are subject to change.

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2014 Distributions

Ex-DateRecord DatePayable DateAmount
6/25/14 6/27/14 6/30/14 $0.35088

2013 Distributions

Ex-DateRecord DatePayable DateAmount
12/26/13 12/30/13 12/31/13 none

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.