KWEB

KraneShares CSI China Internet UCITS ETF

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KWEB FAQ

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”, 19/Jan/2020. Note: Figures converted from Chinese Renminbi to USD as of 14/Apr/2020.
2. U.S. Department of Commerce, “Quarterly Retail E-commerce Sales 4th Quarter 2019” 19/Feb/2020.
3. CNNIC, The 44th Statistical Report on the Development of China’s Internet, 31/Aug/2019.
4. Data from Pew Research Center, World Bank, and US Census Bureau as of 30/Jun/2019.

Listings

Data as of 24/Jan/2022
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 KWBE LN EUR 01/Oct/2020 BGLRQP8 IE00BFXR7900
London Stock Exchange KWBP LN GBP 01/Oct/2020 BLC9NZ7 IE00BMW13836
Borsa Italiana KWEB IM EUR 08/Jan/2021 BNRQLF3 IE00BFXR7900

Daily Performance

Data as of 24/Jan/2022
NAV
Net Asset Value$24.44 
Daily Change -2.59%

Performance History

Cumulative %
Data as of: 31/Dec/2021
Fund NAV Index
1 Month-11.16% -11.01%
3 Month-16.76% -16.52%
6 Month-43.62% -43.50%
Since Inception-2.24% 0.47%
Avg Annualized %
Data as of quarter end: 31/Dec/2021
Fund NAV Index
1 Year-49.24% -48.98%
3 Year1.23% 1.99%
Since Inception-0.73% 0.15%

**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.

Top 10 Holdings

Data as of 24/Jan/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 10.71% 700 KYG875721634 1,343,400 81,040,611
2 MEITUAN-CLASS B 8.20% 3690 KYG596691041 2,075,100 62,057,072
3 BAIDU INC - SPON ADR 6.26% BIDU US0567521085 317,716 47,355,570
4 ALIBABA GRP-ADR 5.70% BABA US01609W1027 358,238 43,121,108
5 PINDUODUO INC-ADR 4.51% PDD US7223041028 563,225 34,086,377
6 KUAISHOU TECHNOLOGY 4.38% 1024 KYG532631028 3,027,600 33,156,002
7 KE HOLDINGS INC-ADR 4.28% BEKE US4824971042 1,536,499 32,374,034
8 JD.COM INC-ADR 4.28% JD US47215P1066 451,044 32,357,897
9 KANZHUN LTD 4.00% BZ US48553T1060 1,085,429 30,261,761
10 TRIP.COM GROUP LTD-ADR 3.95% TCOM US89677Q1076 1,159,309 29,898,579

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 24/Jan/2022
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 5.70% 9.19%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 3.49%
JD.COM INC-ADR JD United States 4.28% 7.26%
JD.COM INC - CL A 9618 Hong Kong 2.98%
NETEASE INC-ADR NTES United States 2.42% 3.9%
NETEASE INC 9999 Hong Kong 1.48%
BILIBILI INC-ADR BILI United States 1.40% 2.31%
BILIBILI INC-CLASS Z 9626 Hong Kong 0.91%

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.