中文

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 $2.1 trillion1 in 2023 (compared to $1.1 trillion2 in the United States).
  • China's internet population reached 1.09 billion people in 2023, a penetration of only 77%3. The U.S. internet population reached 311.3 million people, a penetration rate of about 93% in 20233.
  • Total Chinese retail sales reached $6.5 trillion in 20233.
  • Online shopping accounted for 32% of retail purchases in China in 20233.

1. Data from Statista as of 3/31/2024. Note: Figures converted from Chinese Renminbi to USD.
2. Data from U.S. Department of Commerce as of 3/31/2024.
3. Data from Statista and The World Bank as of 3/31/2024.

Fund Details

Data as of 10/01/2024
Ticker KWEB
Primary Exchange NYSE
CUSIP 500767306
ISIN US5007673065
Net Assets $7,353,065,715
Total Annual Fund Operating Expense 0.70%
Inception Date 7/31/2013
Distribution Frequency Annual
Underlying Index CSI Overseas China Internet Index

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KMLM

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Daily Performance

Data as of 10/01/2024
Daily Net Asset Value (NAV) and Market Price
NAV $35.72
NAV Daily Change 2.00%
Market Price $36.06
Market Price Daily Change 6.00%
30 Day Median Bid/Ask Spread
0.04%
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: 09/30/2024
Fund NAV Closing Price Underlying Index
1 Month 35.16% 32.43% 35.26%
3 Month 28.28% 25.91% 28.39%
6 Month 33.31% 29.60% 32.23%
YTD 30.38% 26.00% 29.21%
Since Inception 63.96% 59.29% 65.97%
Avg Annualized %
Data as of quarter end: 09/30/2024
Fund NAV Closing Price Underlying Index
1 Year 29.13% 26.47% 28.08%
3 Year -6.66% -7.68% -6.72%
5 Year -1.47% -1.99% -1.26%
10 Year 1.58% 1.30% 1.86%
Since Inception 4.52% 4.25% 4.64%

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

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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

Topics:

Growth of $10,000

Data as of 10/01/2024

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 10/01/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 ALIBABA GROUP HOLDING LTD 10.77% 9988 KYG017191142 55,977,064 791,836,249
2 TENCENT HOLDINGS LTD 9.70% 700 KYG875721634 12,473,875 713,187,010
3 MEITUAN-CLASS B 8.87% 3690 KYG596691041 29,490,048 652,283,657
4 JD.COM INC-CLASS A 7.01% 9618 KYG8208B1014 23,998,240 515,689,661
5 PDD HOLDINGS INC 6.64% PDD US7223041028 3,353,671 488,428,644
6 KE HOLDINGS INC-ADR 4.87% BEKE US4824971042 15,304,104 357,809,952
7 TRIP.COM GROUP LTD 4.05% 9961 KYG9066F1019 4,712,950 297,582,167
8 BAIDU INC-CLASS A 3.64% 9888 KYG070341048 19,703,884 267,576,728
9 BILIBILI INC-CLASS Z 3.54% 9626 KYG1098A1013 10,440,864 260,209,285
10 KUAISHOU TECHNOLOGY 3.51% 1024 KYG532631028 36,579,500 258,016,200

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 10/01/2024
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 0.00% 10.77%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 10.77%
JD.COM INC-ADR JD United States 0.00% 7.01%
JD.COM INC-CLASS A 9618 Hong Kong 7.01%
TRIP.COM GROUP LTD-ADR TCOM United States 0.00% 4.05%
TRIP.COM GROUP LTD 9961 Hong Kong 4.05%
BAIDU INC - SPON ADR BIDU United States 0.00% 3.64%
BAIDU INC-CLASS A 9888 Hong Kong 3.64%
BILIBILI INC-ADR BILI United States 0.00% 3.54%
BILIBILI INC-CLASS Z 9626 Hong Kong 3.54%
NETEASE INC-ADR NTES United States 0.00% 3.40%
NETEASE INC 9999 Hong Kong 3.40%
Many US-listed Chinese companies also have listings in Hong Kong, called "secondary listings". KWEB seeks to provide investors with optimal exposure to the US and Hong Kong listed versions of these securities. In the table above, we display the individual and combined impact of US and secondary listings on the Fund.

Current Listed Location
Breakdown

Data as of 10/01/2024
Hong Kong 66.9%
United States 31.3%
Anticipated US to HK Relisting 1.8%

2022 Listed Location
Breakdown

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

Fund Documents

©2024 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 and summary prospectus, which may be obtained by visiting: www.kraneshares.com. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

A-Shares are issued by companies in mainland China and traded on local exchanges. They are available to domestic and certain foreign investors, including QFIs and those participating in Stock Connect Programs like Shanghai-Hong Kong and Shenzhen-Hong Kong. Foreign investments in A-Shares face various regulations and restrictions, including limits on asset repatriation. A-Shares may experience frequent trading halts and illiquidity, which can lead to volatility in the Fund’s share price and increased trading halt risks. The Chinese economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting the Fund. U.S.-China tensions raise concerns over tariffs and trade restrictions, which could harm China’s exports and the Fund. China’s regulatory standards are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting the Fund and leading to unexpected liabilities for foreign investors. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KWEB is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds 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 Funds, or any sub-advisers for the Funds.

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