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KWEB

KraneShares CSI China Internet ETF

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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, etc.
  • Exposure to companies benefitting from increasing domestic consumption by China's growing middle class
  • Exposure to Chinese internet companies listed in both the United States and Hong Kong

China Internet Sector Highlights:

  • Chinese retail web sales totaled US$1.5 trillion1 in 2019 (compared to US$601.7 billion2 in the United States), representing an increase of 16.5% year-over-year1.
  • China's internet population reached 854 million people, a penetration of only 61.2%3. The U.S. internet population reached 294 million people, a penetration rate of 89.5%4.
  • Total Chinese retail sales reached US$5.8 trillion in 20191
  • Online shopping accounted for 25.8% of retail purchases in China in 20191

1. National Bureau of Statistics in China, “Total Retail Sales of Consumer Goods Went up by 8.0 percent in 2019”, 1/19/2020. Note: Figures converted from Chinese Renminbi to USD as of 4/14/2020.
2. U.S. Department of Commerce, “Quarterly Retail E-commerce Sales 4th Quarter 2019” 2/19/2020.
3. CNNIC, The 44th Statistical Report on the Development of China’s Internet, 8/31/2019.
4. Data from Pew Research Center, World Bank, and US Census Bureau as of 6/30/2019.

Fund Details

Data as of 08/05/2020
TickerKWEB
Primary ExchangeNYSE
CUSIP500767306
ISINUS5007673065
Net Assets$2,893,468,683
Total Annual Fund Operating Expense0.76%
Inception Date7/31/2013
Distribution FrequencyAnnual

Fund Documents

Daily Performance

Data as of 08/05/2020
Premium Discount Chart
NAV
Net Asset Value$71.18 
Daily Change1.74%
Price
Closing Price$71.19 
Daily Change1.89%

Performance History

Distributions
Cumulative %
Data as of: 07/31/2020		Fund NAVClosing PriceIndex
1 Month8.11%8.05%8.24%
3 Month37.72%38.67%37.90%
6 Month39.43%39.27%39.65%
Since Inception186.44%185.72%187.52%
Avg Annualized %
Data as of month end: 07/31/2020		Fund NAVClosing PriceIndex
1 Year58.43% 58.73%59.01%
3 Year8.90%8.74%9.46%
5 Year14.62%14.55%14.80%
Since Inception16.22% 16.18%16.29%
Avg Annualized %
Data as of quarter end: 06/30/2020		Fund NAVClosing PriceIndex
1 Year41.57%41.06%41.84%
3 Year10.55%10.42%11.05%
5 Year9.94%9.94%10.26%
Since Inception15.13% 15.10%15.17%

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.

Sector Breakdown

Data as of: 2020/5/29

Market Cap Breakdown

Data as of: 2020/5/29
Data provided by ETF Research Center

Top 10 Holdings

Data as of 08/05/2020
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerShares HeldMarket Value($)
1
ALIBABA GRP-ADR
9.72%BABA1,061,771281,273,756
2
TENCENT HOLDINGS LTD
9.13%700 HK3,650,175264,215,343
3
MEITUAN DIANPING-CLASS B
8.71%3690 HK8,942,600251,998,483
4
PINDUODUO INC-ADR
6.66%PDD1,978,407192,815,546
5
JD.COM INC-ADR
6.17%JD2,726,416178,634,776
6
TAL EDUCATION GROUP- ADR
3.99%TAL1,408,515115,526,400
7
VIPSHOP HOLDINGS
3.75%VIPS4,611,221108,455,918
8
BILIBILI INC-ADR
3.74%BILI2,374,232108,075,041
9
NETEASE INC-ADR
3.69%NTES222,137106,810,134
10
ALIBABA HEALTH
3.48%241 HK36,772,000100,822,549

Holdings are subject to change.

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©2020 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full & summary prospectus, which may be obtained here: KWEB, KBA, KURE, KFYP, KGRN, KALL, KCNY, KCCB, OBOR, KARS, KEMQ, KMED, KEMX, KESG. Read the prospectus carefully before investing. Please note these links also contain the fund's current top ten holdings.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. 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).

The Funds are subject to political, social or economic instability within China which may cause decline in value. Variable-interest entities (VIEs) do not give investors ownership in the operating company as stock does. The enforceability of the VIE structure is not guaranteed by Chinese law. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume.

Narrowly focused investments typically exhibit higher volatility. Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions. Such changes may have an adverse impact on performance. Technology companies may be subject to severe competition and rapid obsolescence. The KraneShares CSI China Internet ETF, the KraneShares MSCI One Belt One Road ETF, the KraneShares CICC China Leaders 100 Index ETF, the KraneShares Emerging Markets Consumer Technology ETF, the KraneShares MSCI China Environment ETF, the KraneShares Electric Vehicles and Future Mobility Index ETF, the KraneShares MSCI All China Health Care Index ETF, the KraneShares CCBS China Corporate High Yield Bond USD Index ETF, the KraneShares Emerging Market Healthcare Index ETF, and the KraneShares MSCI China ESG Leaders ETF are non-diversified.

The ability of the KraneShares Bosera MSCI China A ETF, the KraneShares MSCI All China Index ETF, the KraneShares MSCI One Belt One Road ETF, the KraneShares Emerging Markets Consumer Technology ETF, the KraneShares Electric Vechicles and Future Mobility Index ETF, the KraneShares MSCI All China Health Care Index ETF, the KraneShares Emerging Market Healthcare Index ETF, and the KraneShares MSCI China ESG Leaders ETF to achieve their respective investment objectives is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. If a Fund is unable to obtain sufficient exposure to limited availability of A Share quota, the Fund could seek exposure to the component securities of the Underlying Index by investment in other types of securities. The funds may invest in derivatives, which are often more volatile than other investments and may magnify the Funds’ gains or losses.

The KraneShares E Fund China Commercial Paper ETF & The KraneShares CCBS China Corporate High Yield Bond USD Index ETF are subject to interest rate risk, which is the chance that bonds will decline in value as interest rates rise. The components of the securities held by these Funds will be rated by Chinese credit rating agencies, which may use different criteria and methodology than U.S. entities or international credit rating agencies. The Fund may invest in high yield and unrated securities, whose prices are generally more sensitive to adverse economic changes and consequently more volatile. These Funds are subject to industry concentration risk and is non-diversified. Narrowly focused investments typically exhibit higher volatility.

The KraneShares CCBS China Corporate High Yield Bond USD Index ETF invests in perpetual bonds, which offer fixed return with no maturity date. Perpetual bonds can be more volatile than other types of bonds that have a maturity date and may be more sensitive to changes to interest rates.

The KraneShares CCBS China Corporate High Yield Bond USD Index ETF depends on the CIBM Program to invest directly in RMB Bonds. There is no guarantee the Fund will be able to continue to participate in the program.

The Kraneshares MSCI China ESG Leaders ETF may underperform other similar funds that do not consider conscious company/ESG guidelines when making investment decisions.

The KraneShares MSCI All China Health Care Index ETF and the KraneShares Emerging Market Healthcare Index ETF invests primarily in the health care industry. The profitability of companies in the healthcare sector may be affected by government regulations and government healthcare programs, government reimbursement for medical expenses, increases or decreases in the cost of medical products and services, limited product lines, increased emphasis on the delivery of healthcare through outpatient services and product liability claims. Many healthcare companies are heavily dependent on patent protection, which may be time consuming and costly, and the expiration of a company’s patent may adversely affect that company’s profitability. Healthcare companies are subject to competitive forces that may result in pricing pressure, including price discounting, and may be thinly capitalized and susceptible to product obsolescence. Many new products in the healthcare sector require significant research and development and may be subject to regulatory approvals, which may be time consuming and costly and with no guarantee that the product will come to market.

Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

The KraneShares ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Fund.

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