KraneShares CSI China Internet ETF Investment Strategy: KWEB (the Fund) tracks the CSI Overseas China Internet Index (the Index) and invests in China based companies whose primary business or businesses are focused on internet and internet-related technology. These companies are publicly traded on either the Hong Kong Stock Exchange, NASDAQ Stock Market, or New York Stock Exchange. Fund Details Data as of 6/30/2025 Primary Exchange NYSE Arca, Inc. CUSIP 500767306 ISIN US5007673065 Total Annual Fund Operating Expense 0.70% Inception Date 07/31/2013 Distribution Frequency Annual Underlying Index CSI Overseas China Internet Index Net Assets $6,373,570,345 Number of Holdings 29 Top 10 Holdings as of 6/30/2025 Holdings are subject to change. Ticker % TENCENT HOLDINGS LTD 700 10.00 ALIBABA GROUP HOLDING LTD 9988 8.70 PDD HOLDINGS INC PDD 7.29 MEITUAN-CLASS B 3690 6.98 JD.COM INC-CLASS A 9618 5.92 KUAISHOU TECHNOLOGY 1024 4.37 TENCENT MUSI-ADR TME 4.22 NETEASE INC 9999 4.18 BAIDU INC-CLASS A 9888 3.98 KANZHUN LTD - ADR BZ 3.94 KWEB Performance History as of 6/30/2025: Cumulative % Average Annualized % 3 Mo 6 Mo Since Inception 1 Yr 5 Yr 10 Yr Since Inception Fund NAV -2.04% 16.01% 65.22% 29.27% -9.01% 0.01% 4.30% Closing Price -1.66% 17.41% 66.15% 31.33% -8.88% 0.09% 4.35% Underlying Index -2.62% 15.69% 66.36% 28.69% -8.94% 0.20% 4.36% The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investors shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please visit www.kraneshares.com/kweb. Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.