Overview

Performance

Distributions

NAV & Index Chart

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 21/Aug/2025
Ticker KWEB
Ticker BDR BKWB39
Primary Exchange NYSE
CUSIP 500767306
ISIN US5007673065
ISIN BDR BRBKWBBDR008
Net Assets $8,246,297,102
Total Annual Fund Operating Expense 0.69%
Inception Date 31/Jul/2013
Distribution Frequency Annual
Premium Discount Chart

Daily Performance

Data as of 21/Aug/2025
Daily Net Asset Value (NAV) and Market Price
NAV $37.42
NAV Daily Change 0.56%
Market Price $37.40
Market Price Daily Change 0.67%
30 Day Median Bid/Ask Spread
0.03%
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: 31/Jul/2025
Fund NAV Closing Price Index
1 Month 3.66% 3.23% 3.67%
3 Month 9.30% 10.40% 9.10%
6 Month 14.87% 13.30% 14.20%
YTD 20.26% 21.20% 19.93%
Since Inception 71.27% 71.52% 72.46%
Avg Annualized %
Data as of month end: 31/Jul/2025
Fund NAV Closing Price Index
1 Year 36.86% 38.23% 36.28%
3 Year 9.14% 9.55% 8.74%
5 Year -9.77% -9.70% -9.72%
10 Year 1.69% 1.71% 1.80%
Since Inception 4.58% 4.60% 4.64%
Avg Annualized %
Data as of quarter end: 30/Jun/2025
Fund NAV Closing Price Index
1 Year 29.27% 31.33% 28.69%
3 Year 3.32% 3.29% 2.90%
5 Year -9.01% -8.88% -8.94%
10 Year 0.01% 0.09% 0.20%
Since Inception 4.30% 4.35% 4.36%
Monthly Returns
Data as of month end: 31/Jul/2025
Fund Return Index Return
Jul 2025 3.66% 3.67%
Jun 2025 3.05% 2.92%
May 2025 2.32% 2.26%
Apr 2025 -7.09% -7.47%
Mar 2025 3.20% 3.18%

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.

Distribution History

2025 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
22/Dec/2025 22/Dec/2025 23/Dec/2025

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.

2024 Distributions
Ex-Date Record Date Payable Date Amount
17/Dec/2024 17/Dec/2024 18/Dec/2024 1.024945
2023 Distributions
Ex-Date Record Date Payable Date Amount
18/Dec/2023 19/Dec/2023 20/Dec/2023 0.419270
27/Dec/2023 28/Dec/2023 29/Dec/2023 0.041919
2022 Distributions
Ex-Date Record Date Payable Date Amount
28/Dec/2022 29/Dec/2022 30/Dec/2022 0.000000
2021 Distributions
Ex-Date Record Date Payable Date Amount
29/Dec/2021 30/Dec/2021 31/Dec/2021 2.580389

View More

2020 Distributions
Ex-Date Record Date Payable Date Amount
29/Dec/2020 30/Dec/2020 31/Dec/2020 0.221385
2019 Distributions
Ex-Date Record Date Payable Date Amount
27/Dec/2019 30/Dec/2019 31/Dec/2019 0.041258
2018 Distributions
Ex-Date Record Date Payable Date Amount
26/Dec/2018 27/Dec/2018 28/Dec/2018 0.014981
27/Dec/2018 27/Dec/2018 28/Dec/2018 1.259800
2017 Distributions
Ex-Date Record Date Payable Date Amount
20/Dec/2017 19/Dec/2017 22/Dec/2017 0.338221
2016 Distributions
Ex-Date Record Date Payable Date Amount
22/Dec/2016 20/Dec/2016 23/Dec/2016 0.413573
2015 Distributions
Ex-Date Record Date Payable Date Amount
27/Jun/2015 25/Jun/2015 30/Jun/2015 0.291013
30/Dec/2015 26/Dec/2015 31/Dec/2015 0.055700
2014 Distributions
Ex-Date Record Date Payable Date Amount
27/Jun/2014 25/Jun/2014 30/Jun/2014 0.291013
30/Dec/2014 26/Dec/2014 31/Dec/2014 0.000000
2013 Distributions
Ex-Date Record Date Payable Date Amount
30/Dec/2013 26/Dec/2013 31/Dec/2013 0.104704

NAV & Index Chart

Data as of 21/Aug/2025

The NAV & Index Chart reflects the percentage change in index and nav prices on the day prior to the selected time period, and assumes reinvestment of dividends and capital gains. For the NAV & Index Chart since inception, the initial cost basis is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. 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 22/Aug/2025 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 10.77% 700 KYG875721634 11,694,175 897,963,219
2 ALIBABA GROUP HOLDING LTD 8.46% 9988 KYG017191142 46,702,264 705,273,638
3 PDD HOLDINGS INC 8.01% PDD US7223041028 5,252,501 667,645,402
4 MEITUAN-CLASS B 5.97% 3690 KYG596691041 32,862,547 497,955,612
5 JD.COM INC-CLASS A 5.07% 9618 KYG8208B1014 27,211,790 422,779,097
6 JD HEALTH 5.01% 6618 KYG5074A1004 51,355,837 417,350,796
7 TENCENT MUSI-ADR 4.96% TME US88034P1093 16,303,664 413,297,882
8 KUAISHOU TECHNOLOGY 4.64% 1024 KYG532631028 40,391,500 387,176,963
9 KANZHUN LTD - ADR 4.55% BZ US48553T1060 16,591,927 378,959,613
10 TRIP.COM GROUP LTD 3.82% 9961 KYG9066F1019 4,928,400 318,518,774

Holdings are subject to change.

Secondary Listing Holdings Overview

Data as of 22/Aug/2025
Name Ticker Listed Location % of Net Assets Combined % of Net Assets
ALIBABA GRP-ADR BABA United States 0.00% 8.46%
ALIBABA GROUP HOLDING LTD 9988 Hong Kong 8.46%
JD.COM INC-ADR JD United States 0.00% 5.07%
JD.COM INC-CLASS A 9618 Hong Kong 5.07%
TRIP.COM GROUP LTD-ADR TCOM United States 0.00% 3.82%
TRIP.COM GROUP LTD 9961 Hong Kong 3.82%
BAIDU INC - SPON ADR BIDU United States 0.00% 3.69%
BAIDU INC-CLASS A 9888 Hong Kong 3.69%
NETEASE INC-ADR NTES United States 0.00% 3.67%
NETEASE INC 9999 Hong Kong 3.67%
BILIBILI INC-ADR BILI United States 0.00% 3.44%
BILIBILI INC-CLASS Z 9626 Hong Kong 3.44%
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 08/22/2025
Hong Kong 68.0%
United States 30.4%
Anticipated US to HK Relisting 1.6%

2024 Listed Location
Breakdown

Data as of 31/Dec/2024
Hong Kong 64.3%
United States 35.7%

Fund Documents

©2025 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.br. 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.

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 ability of the Fund to achieve its respective investment objectives is dependent, in part, on the continuous availability of A Shares and the ability to obtain, if necessary, additional A Shares quota. If the Fund is unable to obtain sufficient exposure to limited availability of A Share quota, the Fund could seek exposure to the component securities of the Underlying Index by investment in other types of securities. The Fund is subject to political, social or economic instability within China which may cause decline in value. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. 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.

ETF BDRs – Brazilian Depositary Receipts – are securities issued in Brazil and traded on the Stock Exchange, which are backed by shares of ETFs – Exchange Traded Funds – issued abroad.

Investing in ETF BDRs involves risks, including risks related to the liquidity of receipts in the secondary market. It is recommended that investors carefully read the legal documents of the products available on the website www.b3.com.br, the official source for disclosing information on the BDRs of ETFs, with special attention to the sections relating to the purpose and investment policy, as well as risk factors, fees, expenses and charges.

Investments made in ETF BDRs are not guaranteed by any person or entity, including the service providers of the underlying ETF.

KraneShares does not sell or distribute investment products in Brazil. For information on investing or disinvesting in BDRs of ETFs, the investor must directly contact the depository institution or the brokerage with which he has an account. Available to qualified investors only.

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