KWEB vs. MEMS ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to Matthews Emerging Markets Discovery Active ETF (MEMS)

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

$29.85

Average Daily Volume

30,869,670

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

MEMS

Matthews Emerging Markets Discovery Active ETF

MEMS Description

MEMS aims to capitalize on growth opportunities within the emerging market space, including frontier markets. With a primary focus on small companies, the fund allocates at least 65% of its assets to the common and preferred stocks of these enterprises, with the remaining portion comprising mid-cap companies. The fund seeks sustainable growth based on fundamental characteristics such as balance sheet strength, employee count, cash flow stability, management quality, product lines, marketing strategies, corporate governance, and financial health. Additionally, exclusionary ESG screens may be employed to avoid controversial businesses, such as tobacco, weapons, and fossil fuels. The fund issuer may engage with its portfolio companies on sustainability and governance matters through active dialogue, exercising shareholder rights, and encouraging enhanced ESG disclosure and implementation. Up to 20% of the fund's assets may be invested in developed market companies, including ADRs and GDRs.

Grade (RS Rating)

Last Trade

$24.71

Average Daily Volume

7,483

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	MEMS
30 Days	-7.30%	-3.78%
60 Days	9.62%	-4.11%
90 Days	13.15%	-5.57%
12 Months	7.81%

2 Overlapping Holdings

	Symbol	Grade	Weight in KWEB	Weight in MEMS	Overlap
	BZ	F	2.4%	0.52%	0.52%
	YMM	C	3.6%	4.37%	3.6%

KWEB Overweight 14 Positions Relative to MEMS

	Symbol	Grade	Weight
	BABA	D	9.61%
	PDD	F	6.04%
	BEKE	D	4.75%
	TCOM	B	4.63%
	BILI	D	3.66%
	VIPS	F	3.38%
	BIDU	F	3.29%
	TAL	F	2.9%
	TME	D	2.87%
	QFIN	B	2.81%
	ATHM	D	1.17%
	YY	C	0.79%
	WB	D	0.48%
	IQ	F	0.42%

KWEB Underweight 1 Positions Relative to MEMS

	Symbol	Grade	Weight
	LEGN	F	-3.09%

KWEB: Top Represented Industries & Keywords

Industries: Internet Content & Information Specialty Retail Credit Services Education & Training Services Leisure Real Estate Services Software - Application Staffing & Employment Services

Keywords: Games Advertising Services Nasdaq 100 Online Game Broadcasting Digital Media E-Commerce Entertainment Services Internet In China Mobile Devices Online Advertising Online Entertainment Online Entertainment Service Social Networking Services User Generated Content Advertising Inventory Aftermarket Services Airline Tickets Application Programming Interface Artificial Intelligence

MEMS: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Staffing & Employment Services

Keywords: Cancer Cargo Cell Therapy Freight Transport Genscript Biotech Life Sciences Recruitment Tax Investigation Technology Development Transport Transport Law