KWEB vs. CXSE ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

KWEB

KraneShares CSI China Internet ETF

KWEB Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities benchmark. The fund will normally invest at least 80% of its total assets in equity securities of its current benchmark, the CSI Overseas China Internet Index or in depositary receipts representing securities of the underlying index. The underlying index is designed 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.18

Average Daily Volume

19,303,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CXSE

WisdomTree China ex-State-Owned Enterprises Fund

CXSE Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of "state-owned enterprises." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.19

Average Daily Volume

53,996

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	CXSE
30 Days	11.99%	8.92%
60 Days	16.08%	10.07%
90 Days	30.44%	24.96%
12 Months	14.03%	-7.77%

10 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in CXSE	Overlap
BABA	B	8.77%	8.71%	8.71%
BEKE	A	3.42%	0.87%	0.87%
BIDU	C	3.41%	2.72%	2.72%
BILI	B	1.88%	0.22%	0.22%
BZ	A	4.74%	0.49%	0.49%
IQ	B	1.47%	0.19%	0.19%
PDD	A	7.02%	5.93%	5.93%
TCOM	A	5.82%	1.8%	1.8%
TME	A	4.79%	0.69%	0.69%
VIPS	C	3.51%	0.32%	0.32%

KWEB Overweight 6 Positions Relative to CXSE

Symbol	Grade	Weight
YMM	A	4.59%
TAL	B	3.61%
QFIN	A	1.75%
ATHM	C	1.08%
YY	B	0.72%
WB	B	0.45%

KWEB Underweight 8 Positions Relative to CXSE

Symbol	Grade	Weight
LI	D	-1.13%
YUMC	F	-1.0%
BGNE	D	-0.79%
NIO	D	-0.35%
XPEV	D	-0.27%
LEGN	D	-0.23%
DQ	F	-0.09%
JKS	D	-0.08%