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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: 03/31/2015 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 5.20% 4.59% -1.33% 38.28% -4.09% 21.47% -4.09% 21.47%
Closing Price 5.58% 4.87% -1.07% 38.44% -4.17% 21.55% -4.17% 21.55%
Index

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 03/31/2015
Premium Discount Chart >
NAV
Net Asset Value$34.18
Daily Change 0.27%
Price
Closing Price $34.22
Daily Change0.23%

Fund Details

Data as of 03/31/2015
TickerKWEB
Primary ExchangeNASDAQ
CUSIP500767306
ISINUS5007673065
Net Assets$117,937,900
Total Annual Fund Operating Expense 0.68%
Inception Date7/31/2013
Distribution FrequencySemiannually
View Distributions >

Sector Breakdown

Market Cap Breakdown >
Data as of 03/31/2015

Market Cap Breakdown

< Sector Breakdown
Data as of 03/31/2015
Data provided by ETF Research Center

Top 10 Holdings

Data as of 03/31/2015
Full Fund Holdings >
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
TENCENT HOLDINGS LTD
10.712700 HK665,41212,633,563
2
JD.COM INC-ADR
8.436JD338,6609,949,831
3
ALIBABA GROUP HOLDING ADR
7.799BABA110,4949,197,521
4
BAIDU INC - SPON ADR
7.182BIDU40,6438,470,001
5
NETEASE.COM INC ADR
6.286NTES70,4097,414,068
6
CTRIP.COM INT'L ADR
5.303CTRP106,6856,253,875
7
VIPSHOP HOLDINGS LTD ADR
5.137VIPS205,8106,059,046
8
KINGSOFT CORP LTD
3.9353888 HK1,581,4704,640,553
9
SINA CORP
3.551SINA130,2144,187,682
10
QIHO 360 TECHNOLOGY LTD
3.454QIHU79,5684,073,882

Holdings are subject to change.

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Premium Discount Chart

Data as of 03/31/2015
NAVMid-PointPremium/Discount
$34.18$34.22$0.04

Historical Data

Quarter Ending: 06/30/2015 NAV & Midpoint are calculated at 4:00pm ET
Days between 0% & +0.5%0%
# Of Days between 0% & +0.5%0
Days between -0.5% & 0%0%
# Of Days between -0.5% & 0%0
 
# of Days at:Premium0
NAV0
Discount0

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 03/31/2015
Rank% of Net AssetsName TickerShares HeldMarket Value($)
110.712TENCENT HOLDINGS LTD700 HK665,41212,633,563
28.436JD.COM INC-ADRJD338,6609,949,830
37.799ALIBABA GROUP HOLDING ADRBABA110,4949,197,520
47.182BAIDU INC - SPON ADRBIDU40,6438,470,001
56.286NETEASE.COM INC ADRNTES70,4097,414,067
65.303CTRIP.COM INT'L ADRCTRP106,6856,253,874
75.137VIPSHOP HOLDINGS LTD ADRVIPS205,8106,059,046
83.935KINGSOFT CORP LTD3888 HK1,581,4704,640,553
93.551SINA CORPSINA130,2144,187,682
103.454QIHO 360 TECHNOLOGY LTDQIHU79,5684,073,881
113.047YY INC ADRYY65,8643,593,210
122.756SOHU.COM INCSOHU60,9553,250,730
132.751YOUKU.COM INC ADRYOKU259,5643,244,550
142.54QUNAR CAYMAN ISLANDS LTD-QUNR72,6122,995,245
152.409AUTOHOME INC - ADRATHM64,6242,841,517
162.345SOUFUN HOLDINGS LTD. ADRSFUN460,8662,765,196
172.27158.COM INCWUBA50,6572,678,742
182.25BITAUTO HOLDINGS ADRBITA52,1522,653,493
191.49921VIANET GROUP INCVNET100,1231,768,172
201.252WEIBO CORP SPON ADRWB114,5351,476,356
211.21151 JOBS INC ADRJOBS44,2711,428,403
221.191PERFECT WORLD CO LTD-ADRPWRD75,6181,404,982
231.03JUMEI INTERNATIONAL ADRJMEI76,7551,214,264
240.96NETDRAGON WEBSOFT INC777 HK515,7521,132,212
250.844SHANDA GAMES LTD ADRGAME155,534995,417
260.786CHEETAH MOBILECMCM54,235926,876
270.668TIAN GE INTERACTIVE1980 HK1,280,000787,509
280.651XUNLEI LTD-ADRXNET120,570768,030
290.623E-COMMERCE CHINA DANG ADRDANG76,922734,605
300.613COGOBUY GROUP400 HK807,000723,412
310.537ZHAOPIN LTD-SPONSORED ADRZPIN40,202633,181
320.493PHOENIX NEW MEDIA LTD -ADFENG102,544581,424
330.461CHANGYOU.COM LTD-ADRCYOU21,018544,156
340.432500.COM LTD CL A ADRWBAI47,193509,212
350.43V1 GROUP LTD82 HK6,440,910506,762
360.342CHINA MOBILE GAMES ADRCMGE24,208403,547
370.333TUNIU CORP-SPON ADRTOUR31,212392,646
380.326BOYAA INTERACTIVE434 HK459,984384,454
390.315RENREN INC ADRRENN154,285371,826
400.311PACIFIC ONLINE543 HK872,676366,942
410.304BAIOO FAMILY INTERACTIVE2100 HK2,702,000358,963
420.295CHINACACHE INTERNAT-ADRCCIH29,357348,467
430.285OURGAME INTERNATIONAL HOL6899 HK680,000335,919
440.257NETQIN MOBILE- ADRNQ81,409303,655
450.248KONGZHONG CORP - ADRKZ52,804292,006
460.189ELONG INC ADR STOCKLONG12,921222,499
470.171FORGAME HOLDINGS LTD484 HK105,356201,660
480.168JIAYUAN.COM INTL- ADRDATE38,945197,840
490.16CASH188,805188,805
500.126LEJU HOLDINGS LTD ADRLEJU18,742149,186
510.105SUNGY MOBILE LTDGOMO32,638123,371
520.084SKY-MOBI LTD SP ADRMOBI26,55298,773
530.077CHINA FINANCE ONLINE-ADRJRJC21,20191,164
540.057CHINA BINARY SALE TECHNOL8255 HK405,35567,445
550.001HONG 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.