KWEB vs. FXI ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to iShares China Large-Cap ETF (FXI)

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

$32.16

Average Daily Volume

27,830,621

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXI

iShares China Large-Cap ETF

FXI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to track the performance of the largest companies in the Chinese equity market that are available to international investors. The underlying index consists of 25 of the largest and most liquid Chinese companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.68

Average Daily Volume

65,544,708

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	FXI
30 Days	-16.21%	-10.71%
60 Days	25.18%	19.73%
90 Days	25.48%	25.71%
12 Months	24.28%	26.60%

3 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in FXI	Overlap
BABA	B	9.92%	8.54%	8.54%
BIDU	F	3.35%	2.61%	2.61%
TCOM	A	4.32%	3.63%	3.63%

KWEB Overweight 13 Positions Relative to FXI

Symbol	Grade	Weight
PDD	C	6.1%
BEKE	A	4.7%
YMM	B	3.66%
BILI	A	3.46%
VIPS	F	3.17%
QFIN	B	2.99%
TAL	B	2.92%
TME	D	2.86%
BZ	C	2.44%
ATHM	D	1.18%
YY	D	0.68%
WB	B	0.5%
IQ	C	0.45%

KWEB Underweight 3 Positions Relative to FXI

Symbol	Grade	Weight
LI	C	-1.61%
BGNE	C	-1.35%
HKD	D	-0.0%