KraneShares CSI China Internet ETF (KWEB) Holdings

ETF · Currency in USD · Last updated Jul 14, 2026

KWEB, or the KraneShares CSI Overseas China Internet ETF, is an exchange-traded fund (ETF) managed by China International Capital Corporation (CICC). It is designed to track the investment results of the CSI Overseas China Internet index, which consists of companies listed on global stock exchanges that are engaged in the internet industry in China. This index is designed to provide investors with exposure to the growing internet industry in China, which has been driven by the increasing adoption of mobile devices, the expansion of e-commerce, and the growth of the digital economy in the country.

KWEB was launched on July 31, 2013, and has a 0.76% expense ratio, which is high compared to other passive mutual funds or ETFs.

KWEB is a passive ETF, meaning it tracks the performance of the underlying index rather than actively seeking to outperform it. This can make it a suitable investment for those looking for exposure to the internet industry in China without the added risk and cost of active management. So, KWEB can be a good investment option for those who want to diversify their portfolio and gain exposure to the growing internet industry in China.

KWEB Top Holdings & Constituents

KWEB, offered by KraneShares, holds 33 reported positions across $5.2B in assets. Its largest holdings are Tencent Holdings Limited (10.09%), Alibaba Group Holding Limited (8.93%), and PDD Holdings Inc. (PDD) (8.78%). The 5 biggest positions account for 41.07% of reported assets. The table below lists every reported holding with its portfolio weight and market value in US dollars — open any constituent to research its own performance.

Position	Weight	Market Value
— Tencent Holdings Limited	10.09%	$609.21M
— Alibaba Group Holding Limited	8.93%	$539.54M
PDD PDD Holdings Inc.	8.78%	$530.51M
— MEITUAN	7.36%	$444.21M
— NETEASE, INC.	5.91%	$357.10M

Holdings data comes from the latest SEC Form N-PORT-P filing for this fund, covering the reporting period ended Mar 31, 2026. Market values are reported in US dollars, and each weight represents the position's share of reported fund assets. Cash, derivatives, and rounding can mean displayed weights do not total 100%. Funds rebalance and file on a schedule, so this page may not reflect intraday or post-filing changes.