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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$35.83

$6.5 B

0.00%

$0.00

0.70%

Vitals

YTD Return

18.6%

1 yr return

5.1%

3 Yr Avg Return

-8.1%

5 Yr Avg Return

-9.9%

Net Assets

$6.5 B

Holdings in Top 10

65.1%

52 WEEK LOW AND HIGH

$35.8
$17.22
$38.99

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 89.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$35.83

$6.5 B

0.00%

$0.00

0.70%

KWEB - Profile

Distributions

  • YTD Total Return 18.6%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return -9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    KraneShares CSI China Internet ETF
  • Fund Family Name
    KraneShares
  • Inception Date
    Jul 31, 2013
  • Shares Outstanding
    219413017
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jonathan Shelon

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its Underlying Index or in instruments that have economic characteristics similar to those in the Underlying Index. The Underlying Index is designed to measure the equity market performance of investable publicly traded “China-based companies” whose primary business or businesses are in the Internet and Internet-related sectors (“China Internet Companies”) (as defined below), and are listed outside of mainland China, as determined by the index provider, China Securities Index Co., Ltd. (“Index Provider”).

The Index Provider defines China-based companies as those that: (i) are incorporated in mainland China; (ii) have their headquarters in mainland China; or (iii) derive at least 50% of its revenue from goods produced or sold, or services performed, in mainland China.
China Internet Companies include, but are not limited to, companies that develop and market Internet software and/or provide Internet services; manufacture home entertainment software and educational software for home use; provide retail or commercial services primarily through the Internet; and develop and market mobile Internet software and/or provide mobile Internet services.

The Underlying Index excludes securities that during the past year had a daily average trading value of less than $3 million or a daily average market cap of less than $2 billion. Constituents of the Underlying Index are ranked by free-float market capitalization in U.S. Dollars and then weighted so that no constituent exceeds 10% at each rebalance. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of China Internet Companies.

The Fund may invest up to 20% of its assets in instruments that are not included in the Underlying Index, but that Krane believes will help the Fund track the Underlying Index. These investments may include equity securities and depositary receipts of issuers whose securities are not constituents of the Underlying Index, derivative instruments (including swaps, futures, forwards, structured notes and options), other investment companies (including exchange traded funds or “ETFs”) and cash or cash equivalents (including money market funds). The other investment companies in which the Fund may invest may be advised, sponsored or otherwise serviced by Krane and/or its affiliates.

The following China-related securities may be included in the Underlying Index and/or represent investments of the Fund:

China A-Shares, which are shares of companies incorporated in mainland China that are traded on the Chinese exchanges and denominated in domestic renminbi. China A-Shares are primarily purchased and sold in the domestic Chinese market. To the extent the Fund invests in China A-Shares, it expects to do so through the trading and clearing facilities of a participating exchange located outside of mainland China (“Stock Connect Programs”). A Renminbi Qualified Foreign Institutional Investor (“RQFII”) or Qualified Foreign Institutional Investor (“QFII”) license may also be acquired to invest directly in China A-Shares.
China B-Shares, which are shares of companies listed on the Shanghai or Shenzhen Stock Exchange but quoted and traded in foreign currencies (such as Hong Kong Dollars or U.S. Dollars), which were primarily created for trading by foreign investors.
China H-Shares, which are shares of companies incorporated in mainland China and listed on the Hong Kong Stock Exchange (“H-Shares”), where they are traded in Hong Kong dollars and may be traded by foreign investors.
China N-Shares, which are shares of companies with business operations in mainland China and listed on an American stock exchange, such as NYSE or NASDAQ (“N-Shares”).
P-Chips, which are shares of private sector companies with a majority of their business operations in mainland China and controlling private Chinese shareholders, which are incorporated outside of mainland China and traded on the Hong Kong Stock Exchange in Hong Kong dollars.
Red Chips, which are shares of companies with a majority of their business operations in mainland China and controlled by the central, provincial or municipal governments of the PRC, whose shares are traded on the Hong Kong Stock Exchange in Hong Kong dollars.
S-Chips, which are shares of companies with business operations in mainland China and listed on the Singapore Exchange. S-Chip shares are issued by companies incorporated anywhere, but many are registered in Singapore, the British Virgin Islands, the Cayman Islands, or Bermuda.

Although the Fund reserves the right to replicate (or hold all constituents of) the Underlying Index, the Fund expects to use representative sampling to track the Underlying Index. “Representative sampling” is a strategy that involves investing in a representative sample of securities that collectively have an investment profile similar to the Underlying Index.

As of May 31, 2022, the Underlying Index was comprised of 48 securities of companies with a market capitalization range of approximately $148.14 million to $443.52 billion and an average market capitalization of approximately $24.4 billion. The Underlying Index is rebalanced and reconstituted semi-annually.

The Fund is non-diversified. To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of May 31, 2022, issuers in the Communication Services sector (40.5%) and Consumer Discretionary sector (38.5%) represented significant portions of the Underlying Index.

The Fund may engage in securities lending.

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KWEB - Performance

Return Ranking - Trailing

Period KWEB Return Category Return Low Category Return High Rank in Category (%)
YTD 18.6% -16.7% 23.2% 8.46%
1 Yr 5.1% -35.2% 37.4% 4.10%
3 Yr -8.1%* -21.2% 21.8% 87.13%
5 Yr -9.9%* -16.4% 14.6% 83.13%
10 Yr N/A* -12.2% 12.5% N/A

* Annualized

Return Ranking - Calendar

Period KWEB Return Category Return Low Category Return High Rank in Category (%)
2022 -17.2% -40.5% 25.8% 9.17%
2021 -28.6% -28.6% 30.5% 99.12%
2020 16.5% -6.6% 33.6% 10.10%
2019 6.8% -34.7% 11.1% 43.30%
2018 -7.9% -13.7% 32.0% 86.59%

Total Return Ranking - Trailing

Period KWEB Return Category Return Low Category Return High Rank in Category (%)
YTD 18.6% -26.8% 23.2% 8.46%
1 Yr 5.1% -35.2% 37.4% 4.10%
3 Yr -8.1%* -21.2% 21.8% 87.13%
5 Yr -9.9%* -15.4% 14.6% 83.13%
10 Yr N/A* -12.2% 12.5% N/A

* Annualized

Total Return Ranking - Calendar

Period KWEB Return Category Return Low Category Return High Rank in Category (%)
2022 -17.2% -40.5% 25.8% 9.17%
2021 -28.6% -28.6% 30.5% 99.12%
2020 16.5% -6.6% 33.6% 10.10%
2019 6.8% -34.7% 11.1% 43.30%
2018 -7.9% -13.7% 32.0% 89.02%

KWEB - Holdings

Concentration Analysis

KWEB Category Low Category High KWEB % Rank
Net Assets 6.5 B 1.4 M 6.58 B 1.50%
Number of Holdings 49 6 961 56.15%
Net Assets in Top 10 4.22 B 706 K 4.22 B 0.77%
Weighting of Top 10 65.07% 6.6% 99.9% 6.92%

Top 10 Holdings

  1. Tencent Holdings Ltd 11.80%
  2. Tencent Holdings Ltd 11.80%
  3. Tencent Holdings Ltd 11.80%
  4. Tencent Holdings Ltd 11.80%
  5. Tencent Holdings Ltd 11.80%
  6. Tencent Holdings Ltd 11.80%
  7. Tencent Holdings Ltd 11.80%
  8. Tencent Holdings Ltd 11.80%
  9. Tencent Holdings Ltd 11.80%
  10. Tencent Holdings Ltd 11.80%

Asset Allocation

Weighting Return Low Return High KWEB % Rank
Stocks
99.49% 0.00% 102.18% 33.59%
Cash
0.51% -2.18% 11.89% 64.62%
Preferred Stocks
0.00% 0.00% 0.00% 63.08%
Other
0.00% 0.00% 47.32% 72.31%
Convertible Bonds
0.00% 0.00% 0.15% 66.92%
Bonds
0.00% 0.00% 69.90% 66.41%

KWEB - Expenses

Operational Fees

KWEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.09% 3.14% 70.23%
Management Fee 0.68% 0.09% 1.50% 33.83%
12b-1 Fee 0.00% 0.00% 1.00% 37.74%
Administrative Fee N/A 0.06% 0.26% N/A

Sales Fees

KWEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

KWEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KWEB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 4.00% 278.00% 83.84%

KWEB - Distributions

Dividend Yield Analysis

KWEB Category Low Category High KWEB % Rank
Dividend Yield 0.00% 0.00% 19.46% 80.45%

Dividend Distribution Analysis

KWEB Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

KWEB Category Low Category High KWEB % Rank
Net Income Ratio -0.39% -1.76% 4.74% 77.95%

Capital Gain Distribution Analysis

KWEB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

KWEB - Fund Manager Analysis

Managers

Jonathan Shelon


Start Date

Tenure

Tenure Rank

Aug 01, 2018

3.83

3.8%

Jonathan Shelon, Managing Partner and Chief Operating Officer at Krane, also serves as a portfolio manager of each Fund and supports Mr. Schlarbaum and Krane’s investment team with respect to each Fund. Mr. Shelon has been a portfolio manager of each Fund since August 2018 (in the case of KraneShares CSI China Internet ETF, KraneShares Electric Vehicles and Future Mobility Index ETF, KraneShares Emerging Markets Consumer Technology Index ETF, KraneShares MSCI All China Healthcare Index ETF, KraneShares MSCI All China Index ETF, KraneShares MSCI China Environment Index ETF, KraneShares MSCI One Belt One Road Index ETF and KraneShares Zacks New China ETF) or since inception (in the case of KraneShares Emerging Markets Healthcare Index ETF, KraneShares MSCI All China Consumer Discretionary Index ETF, KraneShares MSCI All China Consumer Staples Index ETF and KraneShares MSCI China A Inclusion Hedged Index ETF,). Mr. Shelon joined Krane in 2015 as a Managing Partner. Mr. Shelon has spent the majority of his career managing investment portfolios and diverse teams at leading asset management organizations. Most recently, he was the Chief Investment Officer of a 40-person global Specialized Strategies Team at J.P. Morgan with $40 billion AUM. Prior to joining J.P. Morgan, Mr. Shelon spent ten years as a portfolio manager at Fidelity Investments since 2001 where he was responsible for the investment performance, process and evolution of their target-date strategies for retirement savings, college savings and income generation. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.

James Maund


Start Date

Tenure

Tenure Rank

Jan 14, 2020

2.38

2.4%

James Maund, Head of Capital Markets at Krane Funds Advisors LLC. He joined the Krane Funds Advisors in 2020 and has been in the investment management industry since 2005. Previously, he was a Vice President in the Institutional ETF Group and a member of the ETF Capital Markets Group at State Street Global Advisors (2010-2019); and an ETF trader at Goldman Sachs & Co (2005-2010). Mr. Maund graduated with a bachelor’s degree in economics from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.32 4.03 3.22