KWEB vs. KTEC ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to KraneShares Hang Seng TECH Index ETF (KTEC)

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

$27.60

Average Daily Volume

18,206,749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KTEC

KraneShares Hang Seng TECH Index ETF

KTEC Description

KTEC is passively managed to provide exposure to the 30 largest Chinese technology companies listed in Hong Kong. The fund selects companies headquartered and operating primarily in Greater China (Hong Kong, Macau, and Mainland China). Companies should be in the industrials, consumer discretionary, health care, financials, or information technology sectors. These companies should also display strong research and development investment and high revenue growth under the following themes: internet, fintech, cloud computing, e-commerce, and digital technology. KTEC primarily invests in H-shares, but also includes the other major share classes like A, B, and N-shares, red chips, P and S-chips. The index is market-cap-weighted with an 8% cap limit per individual security. Holdings are rebalanced quarterly and reconstituted at least semi-annually.

Grade (RS Rating)

Last Trade

$11.25

Average Daily Volume

11,898

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	KTEC
30 Days	-6.63%	-5.54%
60 Days	-9.42%	-10.69%
90 Days	3.84%	4.67%
12 Months	5.81%	-5.34%

5 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in KTEC	Overlap
BABA	D	9.05%	8.26%	8.26%
BIDU	F	3.8%	3.73%	3.73%
BILI	C	2.86%	2.29%	2.29%
TCOM	C	4.01%	3.89%	3.89%
WB	D	0.53%	0.02%	0.02%

KWEB Overweight 11 Positions Relative to KTEC

Symbol	Grade	Weight
PDD	D	8.06%
TME	B	4.33%
BEKE	C	4.23%
YMM	D	3.76%
BZ	D	3.67%
VIPS	F	3.63%
TAL	D	3.51%
QFIN	D	2.13%
ATHM	D	1.31%
IQ	D	0.82%
YY	C	0.76%

KWEB Underweight 3 Positions Relative to KTEC

Symbol	Grade	Weight
LI	F	-6.1%
XPEV	F	-3.02%
NIO	F	-0.3%