Overview

Performance

Holdings

Listings

Fund Documents

Overview

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 $2 trillion1 in 2021 (compared to $870 billion 2 in the United States).
  • China's internet population reached 1.03 billion people in 2021, a penetration of only 73% 3. The U.S. internet population reached 302 million people, a penetration rate of 97% in 2021.4
  • Total Chinese retail sales reached $7 trillion in 2021 5.
  • Online shopping accounted for 25% of retail purchases in China in 20215.

1. The State Council, the People’s Republic of China. Note: Figures converted from Chinese Renminbi to USD as of 3/31/2022.
2. US Census Bureau News as of 3/31/2022.
3. Data from Statista and The World Bank as of 3/31/2022.
4. Data from Statista and The World Bank as of 3/31/2022.
5. Data from Statista as of 3/31/2022. Note: Figures converted from Chinese Renminbi to USD.

Fund Details

Data as of 22/Sep/2023
Ticker KWEB
Primary SEDOL BGLRQN6
Primary ISIN IE00BFXR7892
Net Assets $404,052,074
Total Annual Fund Operating Expense 0.75%
Inception Date 20/Nov/2018
Distribution Frequency Accumulating

Daily Performance

Data for USD share class as of 22/Sep/2023
Daily Net Asset Value (NAV)
NAV $18.62
NAV Daily Change 3.50%

Performance History

Cumulative %
Data for USD share class as of: 31/Aug/2023
Fund NAV Index
1 Month -9.19% -9.07%
3 Month 14.16% 14.42%
6 Month -2.13% -1.96%
YTD -5.72% -5.81%
Since Inception -22.92% -20.85%
Avg Annualized %
Data for USD share class as of month end: 31/Aug/2023
Fund NAV Index
1 Year -4.60% -4.46%
3 Year -24.26% -23.55%
Since Inception -5.30% -4.77%
Avg Annualized %
Data for USD share class as of quarter end: 30/Jun/2023
Fund NAV Index
1 Year -17.49% -17.60%
3 Year -22.30% -22.06%
Since Inception -6.80% -6.31%

**Italian Borsa listing for KWEB's EUR share class only

Please note in respect of the key investor information document for KraneShares CSI China Internet UCITS ETF (ISIN: IE00BFXR7892) (the “KIID”), a previous iteration of this document contained incorrect performance data for the 2019 calendar year which has since been corrected in the current version. The performance figures included in the KIID in error previously for the class and index were 29.16% and 30.17% respectively which should have been 28.14% and 29.21% and which are included in the current KIID.

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

Topics:

Top 10 Holdings

Data as of 22/Sep/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 PDD HOLDINGS INC 9.35% PDD US7223041028 393,800 37,777,234
2 ALIBABA GROUP HOLDING LTD 9.08% 9988 KYG017191142 3,339,224 36,676,002
3 TENCENT HOLDINGS LTD 8.97% 700 KYG875721634 903,900 36,244,299
4 MEITUAN-CLASS B 7.65% 3690 KYG596691041 2,001,600 30,916,299
5 BAIDU INC-CLASS A 5.87% 9888 KYG070341048 1,431,530 23,721,859
6 NETEASE INC 4.65% 9999 KYG6427A1022 908,340 18,803,494
7 KUAISHOU TECHNOLOGY 4.39% 1024 KYG532631028 2,185,200 17,742,229
8 FULL TRUCK A-ADR 4.07% YMM US35969L1089 2,378,378 16,458,376
9 TRIP.COM GROUP LTD 3.97% 9961 KYG9066F1019 436,611 16,044,445
10 KE HOLDINGS INC-ADR 3.96% BEKE US4824971042 979,677 16,017,719

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 22/Sep/2023
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 0.00% 9.08%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 9.08%
BAIDU INC - SPON ADR BIDU United States 0.00% 5.87%
BAIDU INC-CLASS A 9888 Hong Kong 5.87%
NETEASE INC-ADR NTES United States 0.00% 4.65%
NETEASE INC 9999 Hong Kong 4.65%
TRIP.COM GROUP LTD-ADR TCOM United States 0.00% 3.97%
TRIP.COM GROUP LTD 9961 Hong Kong 3.97%
JD.COM INC-ADR JD United States 0.00% 3.36%
JD.COM INC-CLASS A 9618 Hong Kong 3.36%
BILIBILI INC-ADR BILI United States 0.00% 2.20%
BILIBILI INC-CLASS Z 9626 Hong Kong 2.20%
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.

Listings

Data as of 22/Sep/2023
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KWEB LN USD 20/Nov/2018 BGLRQN6 IE00BFXR7892
Euronext Amsterdam KWEB NA USD 20/May/2019 BFYWCC2 IE00BFXR7892
London Stock Exchange KWBP LN GBP 01/Oct/2020 BLC9NZ7 IE00BMW13836
London Stock Exchange KWBE LN EUR 01/Oct/2020 BGLRQP8 IE00BFXR7900
Borsa Italiana KWBE IM EUR 08/Jan/2021 BNRQLF3 IE00BFXR7900

Each share class is offered in the base currency noted above. To the extent the fund holds exposure to any positions in a currency different to the base currency, that position is unhedged.

Fund Documents

©2023 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are subject to political, social or economic instability within China which may cause decline in value. 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.

This material is for information only and does not constitute an offer or recommendation to buy or sell any investment, or subscribe to any investment management or advisory service. It is not, under any circumstances, intended for distribution to the general public. You are accessing information which constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 ("FSMA"). In relation to the United Kingdom, this information is only directed at, and may only be distributed to, persons who are “Investment Professionals” (being persons having professional experience in matters relating to investments) within the meaning of article 19(5) of the FSMA (Financial Promotion) Order 2005 (the “Financial Promotion Order ”), persons to whom any of paragraphs (2)(a) to (d) of article 49 (high net worth companies, unincorporated associations etc.) of the financial promotion order apply, or persons to whom distribution may otherwise lawfully be made.

Any investment, and investment activity or controlled activity, to which this information relates is available only to such persons and will be engaged in only with such persons. Persons that do not have professional experience should not rely or act upon this information unless they are persons to whom any of paragraphs (2)(a) to (d) of article 49 apply to whom distribution of this information may otherwise lawfully be made.

The views and opinions expressed in this material are those of the authors Krane Fund Advisors. These opinions have been given in good faith but are subject to change without notice. It is the responsibility of the investor to evaluate the accuracy, completeness and usefulness of any opinions, advice, services, or other information provided.

This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information, including historical and the most recent month-end performance, can be found in the Fund Literature (Prospectus, Supplement, KIID, PRIIP), which may be obtained at our website www.kraneshares.eu or at the website of our management company www.waystone.com. KIID and PRIIP documents are available in the language of any Member State where such fund is distributed.

Krane Funds Advisors, LLC is appointed to act as investment manager in accordance with the requirements of the Central Bank. Waystone Management Company (IE) Limited is appointed to provide management services to the ICAV in accordance with the requirements of the Central Bank. The Management Company may decide to terminate the arrangements made for the marketing of the Fund in accordance with Article 93a of Directive 2009/65/EC.

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Disclaimer: 

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