KraneShares CSI China Internet ETF

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Investment Strategy:

KWEB tracks the CSI Overseas China Internet Index, which consists of China based companies whose primary business or businesses are focused on internet and internet-related technology. The Index is free float market capitalization weighted and includes publicly traded securities on either the Hong Kong Stock Exchange, NASDAQ Stock Market, or New York Stock Exchange.

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 $1.8 trillion1 in 2020 (compared to $861 billion2 in the United States).
  • China's internet population reached 989 million people in 2020, a penetration of only 70.4%3. The U.S. internet population reached 299 million people, a penetration rate of 85.8% in 20204.
  • Total Chinese retail sales reached US$6 trillion in 20201
  • Online shopping accounted for 30% of retail purchases in China in 20201

1. National Bureau of Statistics of China. Note: Figures converted from Chinese Renminbi to USD as of 9/30/2021.
2. Digital Commerce 360. “US ecommerce grows 44.0% in 2020.” January 29, 2021.
3. Data from Statista and The World Bank as of 2/9/2021.
4. Data from Statista and The World Bank as of 1/27/2021.

Fund Details

Data as of 12/03/2021
Primary ExchangeNYSE
Net Assets$7,558,675,517
Total Annual Fund Operating Expense 0.70%
Inception Date7/31/2013
Distribution FrequencyAnnual

Daily Performance

Data as of 12/03/2021
Premium Discount Chart
Net Asset Value$40.62 
Daily Change -6.01%
Market Price $39.85 
Daily Change-6.96%
30 Day Median Bid/Ask Spread

The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Cumulative %
Data as of: 11/30/2021
Fund NAV Closing Price Index
1 Month-8.29% -7.73% -8.27%
3 Month-13.26% -13.64% -13.12%
6 Month-36.84% -37.43% -37.24%
Since Inception88.93% 88.43% 91.83%
Avg Annualized %
Data as of month end: 11/30/2021
Fund NAV Closing PriceIndex
1 Year-41.05% -41.51% -40.42%
3 Year1.87% 1.63% 2.49%
5 Year4.22% 4.10% 4.56%
Since Inception7.93% 7.90% 8.13%
Avg Annualized %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
1 Year-30.17% -30.37% -29.43%
3 Year0.01% 0.16% 0.54%
5 Year3.87% 3.85% 4.21%
Since Inception8.97% 9.02% 9.16%
Growth of $10,000
Data as of 12/03/2021

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.

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only.

Top 10 Holdings

Data as of 12/03/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 12.94% 700 KYG875721634 16,582,775 984,394,789
2 JD.COM INC-ADR 10.18% JD US47215P1066 9,928,468 773,924,081
3 MEITUAN-CLASS B 9.87% 3690 KYG596691041 24,245,200 750,428,888
4 ALIBABA GRP-ADR 7.59% BABA US01609W1027 5,153,758 577,014,746
5 NETEASE INC-ADR 5.92% NTES US64110W1027 4,497,690 449,993,885
6 PINDUODUO INC-ADR 5.31% PDD US7223041028 7,411,732 403,494,690
7 TRIP.COM GROUP LTD-ADR 4.77% TCOM US89677Q1076 14,374,511 363,100,148
8 BAIDU INC - SPON ADR 4.58% BIDU US0567521085 2,533,811 348,120,293
9 FULL TRUCK A-ADR 3.95% YMM US35969L1089 27,734,526 300,364,917
10 JD HEALTH INTERN 3.17% 6618 KYG5074A1004 29,697,950 241,232,963

Holdings are subject to change.