KWEB vs. MCHI ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to iShares MSCI China ETF (MCHI)

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

MCHI

iShares MSCI China ETF

MCHI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Index (the "underlying index"). The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the top 85% in market capitalization of Chinese equity markets, as represented by the H-Shares and B-Shares markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.48

Average Daily Volume

5,319,293

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	MCHI
30 Days	-16.21%	-12.39%
60 Days	25.18%	18.29%
90 Days	25.48%	21.22%
12 Months	24.28%	20.81%

5 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in MCHI	Overlap
BABA	B	9.92%	8.5%	8.5%
BIDU	F	3.35%	1.2%	1.2%
BILI	A	3.46%	0.24%	0.24%
TCOM	A	4.32%	1.64%	1.64%
TME	D	2.86%	0.39%	0.39%

KWEB Overweight 11 Positions Relative to MCHI

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

KWEB Underweight 6 Positions Relative to MCHI

Symbol	Grade	Weight
LI	C	-0.79%
YUMC	A	-0.79%
BGNE	C	-0.49%
NIO	D	-0.34%
XPEV	B	-0.33%
MNSO	A	-0.09%