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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 $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 11/Aug/2022
Ticker KWEB
Primary SEDOL BGLRQN6
Primary ISIN IE00BFXR7892
Net Assets $605,105,333
Total Annual Fund Operating Expense 0.75%
Inception Date 20/Nov/2018
Distribution Frequency Accumulating

Listings

Data as of 11/Aug/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

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.

Daily Performance

Data for USD share class as of 11/Aug/2022
NAV
Net Asset Value$19.24 
Daily Change 3.48%

Performance History

Cumulative %
Data for USD share class as of: 31/Jul/2022
Fund NAV Index
1 Month -12.01% -12.14%
3 Month -1.73% -1.77%
6 Month -20.99% -21.48%
Since Inception -22.92% -21.06%
Avg Annualized %
Data for USD share class as of month end: 31/Jul/2022
Fund NAV
1 Year -39.00% -38.97%
3 Year -9.95% -9.47%
Since Inception -6.80% -6.20%
Avg Annualized %
Data for USD share class as of quarter end: 30/Jun/2022
Fund NAV Index
1 Year -49.48% -49.47%
3 Year -7.14% -6.59%
Since Inception -3.60% -2.92%

**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 12/Aug/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 ALIBABA GROUP HOLDING LTD 9.00% 9988 KYG017191142 4,576,624 54,244,497
2 TENCENT HOLDINGS LTD 8.33% 700 KYG875721634 1,292,900 50,178,640
3 MEITUAN-CLASS B 7.51% 3690 KYG596691041 1,981,000 45,266,280
4 JD.COM INC - CL A 7.07% 9618 KYG8208B1014 1,500,076 42,602,312
5 NETEASE INC 5.49% 9999 KYG6427A1022 1,817,740 33,094,093
6 JD HEALTH INTERN 5.12% 6618 KYG5074A1004 3,920,250 30,834,832
7 TRIP.COM GROUP LTD 4.55% 9961 KYG9066F1019 1,050,361 27,418,201
8 KE HOLDINGS INC-ADR 4.54% BEKE US4824971042 1,667,768 27,384,751
9 BAIDU INC-CLASS A 4.12% 9888 KYG070341048 1,425,530 24,807,641
10 FULL TRUCK A-ADR 4.07% YMM US35969L1089 3,260,611 24,552,401

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 12/Aug/2022
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 0.00% 9.00%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 9.00%
JD.COM INC-ADR JD United States 0.00% 7.07%
JD.COM INC - CL A 9618 Hong Kong 7.07%
NETEASE INC-ADR NTES United States 0.00% 5.49%
NETEASE INC 9999 Hong Kong 5.49%
TRIP.COM GROUP LTD-ADR TCOM United States 0.00% 4.55%
TRIP.COM GROUP LTD 9961 Hong Kong 4.55%
BAIDU INC - SPON ADR BIDU United States 0.00% 4.12%
BAIDU INC-CLASS A 9888 Hong Kong 4.12%
BILIBILI INC-ADR BILI United States 0.00% 3.67%
BILIBILI INC-CLASS Z 9626 Hong Kong 3.67%

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.