KWEB vs. KALL ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to KraneShares MSCI All China Index ETF (KALL)

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

$30.33

Average Daily Volume

19,303,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KALL

KraneShares MSCI All China Index ETF

KALL Description

The investment seeks to provide investment results that correspond to the price and yield performance of the MSCI China All Shares Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index and depositary receipts, including ADRs, representing such components. The index is a free float adjusted market capitalization weighted index designed to track the performance of Chinese exchange-listed equity securities. The securities eligible for inclusion in the index include all types of publicly issued shares of Chinese issuers, such as A-Shares, B-Shares, H-Shares, P-Chips and Red Chips.

Grade (RS Rating)

Last Trade

$19.72

Average Daily Volume

994

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	KALL
30 Days	11.99%	7.53%
60 Days	16.08%	9.36%
90 Days	30.44%	20.48%
12 Months	14.03%	-2.03%

11 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in KALL	Overlap
ATHM	C	1.03%	0.18%	0.18%
BABA	B	8.74%	4.65%	4.65%
BEKE	A	3.68%	0.4%	0.4%
BIDU	C	3.44%	1.1%	1.1%
BILI	B	2.05%	0.22%	0.22%
IQ	B	1.58%	0.17%	0.17%
PDD	A	6.57%	2.26%	2.26%
TAL	B	3.51%	0.52%	0.52%
TCOM	A	5.43%	1.08%	1.08%
TME	A	4.81%	0.62%	0.62%
VIPS	C	3.28%	0.39%	0.39%

KWEB Overweight 5 Positions Relative to KALL

Symbol	Grade	Weight
BZ	A	4.8%
YMM	A	4.68%
QFIN	A	1.63%
YY	B	0.68%
WB	B	0.45%

KWEB Underweight 5 Positions Relative to KALL

Symbol	Grade	Weight
YUMC	F	-0.63%
LI	D	-0.57%
HTHT	A	-0.42%
ZTO	B	-0.4%
NIO	D	-0.25%