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 01/22/2021
TickerKWEB
Primary ExchangeNYSE
CUSIP500767306
ISINUS5007673065
Net Assets$4,106,161,572
Total Annual Fund Operating Expense0.73%
Inception Date7/31/2013
Distribution FrequencyAnnual

Daily Performance

Data as of 01/22/2021
Premium Discount Chart
NAV
Net Asset Value$90.05 
Daily Change1.04%
Price
Market Price$90.34 
Daily Change1.37%
30 Day Median Bid/Ask Spread0.05%

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

Distributions
Cumulative %
Data as of: 12/31/2020
Fund NAVClosing PriceIndex
1 Month3.39%1.97%3.92%
3 Month14.77%12.99%15.47%
6 Month25.09%24.22%25.96%
Since Inception231.40%228.49%234.60%
Avg Annualized %
Data as of quarter end: 12/31/2020
Fund NAVClosing PriceIndex
1 Year59.66%58.18%60.92%
3 Year11.13%10.76%11.74%
5 Year16.31%16.09%16.48%
Since Inception17.53% 17.39%17.69%
Growth of $10,000
Data as of 01/22/2021

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.

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 01/25/2021
Full Holdings .CSV
RankCompany Name% of Net AssetsTickerIdentifierShares HeldMarket Value($)
1TENCENT HOLDINGS LTD10.85%700KYG8757216344,685,775463,324,674
2MEITUAN-CLASS B9.25%3690KYG5966910417,658,400394,977,789
3ALIBABA GRP-ADR7.16%BABAUS01609W10271,170,809306,026,056
4PINDUODUO INC-ADR6.73%PDDUS72230410281,594,261287,652,512
5JD.COM INC-ADR5.87%JDUS47215P10662,547,876250,660,041
6BILIBILI INC-ADR5.22%BILIUS09004010601,659,021222,756,750
7NETEASE INC-ADR4.49%NTESUS64110W10271,544,538191,970,628
8BAIDU INC - SPON ADR4.39%BIDUUS0567521085735,003187,330,215
9JD HEALTH INTERN3.99%6618KYG5074A10047,771,300170,625,945
10TAL EDUCATION GROUP- ADR3.75%TALUS87408010432,034,903160,045,121

Holdings are subject to change.