Overview

Performance

Distributions

Growth of $10,000

Holdings

Listed Location Breakdown

Fund Documents

Overview

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 $2 trillion1 in 2022 (compared to $1 trillion2 in the United States).
  • China's internet population reached 1.05 billion people in 2022, a penetration of only 74%3. The U.S. internet population reached 311 million people, a penetration rate of 93% in 20223.
  • Total Chinese retail sales reached $6.4 trillion in 20223.
  • Online shopping accounted for 25% of retail purchases in China in 20223.

1. The State Council, the People’s Republic of China. Note: Figures converted from Chinese Renminbi to USD as of 3/31/2022. Retrieved on 12/31/2023.
2. Data from U.S. Department of Commerce as of 12/31/2022. Retrieved on 12/31/2023.
3. Data from Statista and The World Bank as of 12/31/2022. Retrieved 12/31/2023.

Premium Discount Chart

Daily Performance

Data as of 05/17/2024
Daily Net Asset Value (NAV) and Market Price
NAV $32.05
NAV Daily Change 1.26%
Market Price $32.26
Market Price Daily Change 0.31%
30 Day Median Bid/Ask Spread
0.04%

Performance History

Cumulative %
Data as of: 04/30/2024
Fund NAV Closing Price Index
1 Month 7.46% 6.17% 7.08%
3 Month 21.79% 19.41% 21.27%
6 Month 10.42% 8.86% 9.89%
YTD 5.10% 3.22% 4.63%
Since Inception 32.17% 30.49% 34.39%
Avg Annualized %
Data as of month end: 04/30/2024
Fund NAV Closing Price Index
1 Year 3.31% 1.42% 3.09%
3 Year -25.69% -25.95% -25.58%
5 Year -8.68% -8.87% -8.41%
10 Year 0.21% 0.11% 0.46%
Since Inception 2.63% 2.51% 2.79%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year -14.48% -14.37% -14.44%
3 Year -27.55% -27.80% -27.34%
5 Year -9.31% -9.33% -8.99%
10 Year -1.58% -1.60% -1.30%
Since Inception 1.96% 1.95% 2.15%

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.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023 0.419270
12/27/2023 12/28/2023 12/29/2023 0.041919
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.000000
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 2.580389
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.221385

View More

2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.041258
2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.014981
12/27/2018 12/27/2018 12/28/2018 1.259800
2017 Distributions
Ex-Date Record Date Payable Date Amount
12/20/2017 12/19/2017 12/22/2017 0.338221
2016 Distributions
Ex-Date Record Date Payable Date Amount
12/22/2016 12/20/2016 12/23/2016 0.413573
2015 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2015 06/25/2015 06/30/2015 0.291013
12/30/2015 12/26/2015 12/31/2015 0.055700
2014 Distributions
Ex-Date Record Date Payable Date Amount
06/27/2014 06/25/2014 06/30/2014 0.291013
12/30/2014 12/26/2014 12/31/2014 0.000000
2013 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2013 12/26/2013 12/31/2013 0.104704

Growth of $10,000

Data as of 05/17/2024

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. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 05/17/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 10.44% 700 KYG875721634 13,349,075 675,967,518
2 ALIBABA GROUP HOLDING LTD 9.07% 9988 KYG017191142 53,428,764 586,993,792
3 MEITUAN-CLASS B 8.46% 3690 KYG596691041 34,185,748 547,813,401
4 PDD HOLDINGS INC 6.84% PDD US7223041028 3,031,431 443,164,898
5 TRIP.COM GROUP LTD 5.52% 9961 KYG9066F1019 6,365,100 357,728,330
6 TENCENT MUSI-ADR 5.14% TME US88034P1093 21,568,952 332,593,240
7 NETEASE INC 4.92% 9999 KYG6427A1022 15,275,305 318,802,597
8 KANZHUN LTD - ADR 4.71% BZ US48553T1060 13,757,640 305,006,879
9 FULL TRUCK A-ADR 4.47% YMM US35969L1089 30,702,293 289,215,600
10 JD.COM INC-CLASS A 4.36% 9618 KYG8208B1014 16,414,090 282,178,001

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 05/17/2024
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 0.00% 9.07%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 9.07%
TRIP.COM GROUP LTD-ADR TCOM United States 0.00% 5.52%
TRIP.COM GROUP LTD 9961 Hong Kong 5.52%
NETEASE INC-ADR NTES United States 0.00% 4.92%
NETEASE INC 9999 Hong Kong 4.92%
JD.COM INC-ADR JD United States 0.00% 4.36%
JD.COM INC-CLASS A 9618 Hong Kong 4.36%
BAIDU INC - SPON ADR BIDU United States 0.00% 3.31%
BAIDU INC-CLASS A 9888 Hong Kong 3.31%
BILIBILI INC-ADR BILI United States 0.00% 2.28%
BILIBILI INC-CLASS Z 9626 Hong Kong 2.28%

Current Listed Location
Breakdown

Data as of 05/17/2024
Hong Kong 62.3%
United States 36.2%
Anticipated US to HK Relisting 1.5%

2022 Listed Location
Breakdown

Data as of 12/30/2022
Hong Kong 66.6%
United States 33.4%