Income & Covered Call ETFs

Our ETFs offer a mix of traditional fixed income and option-based strategies, including covered call and option-income approaches. These strategies aim to provide income while improving overall portfolio flexibility.

Fixed Income

Covered Call

Alternative Income

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Modern Income Solutions for Dynamic Markets

Harnessing Volatility with Covered Call ETFs

Covered call ETFs have surged in popularity as investors seek alternative ways to generate income in volatile markets. While many covered call ETFs are heavily concentrated in US mega-cap stocks — leaving investors vulnerable to domestic market pullbacks— our China Internet Covered Call ETF (KLIP) offers a differentiated path. By selling options on the KWEB portfolio, KLIP allows investors to put volatility to work, seeking high monthly option income while maintaining exposure to the long-term growth of China’s digital economy. KLIP can help investors manage volatility with monthly option income and differentiated equity exposure.

Financial Innovation and Alternative Income

Our mission at KraneShares is to deliver differentiated ETFs and investment strategies to global investors. In the world of Islamic finance, traditional financial options are often avoided due to concerns regarding speculation and Shariah non-compliance. Our alternative income ETF, KWIN, addresses this gap with an innovative, Shariah-compliant option income strategy. Designed for investors seeking option income or alternatives to earning traditional interest, KWIN provides a way to participate in an option income ETF strategy while adhering to ethical investment principles. This represents our commitment to financial innovation that serves a diverse, global investor base.

Unique Access Through Fixed Income ETFs

Since 2013, KraneShares has empowered investors with access to new and evolving asset classes and investment opportunities. In 2019, we partnered with Quadratic Capital Management to launch the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL), a first-of-its-kind fixed income ETF designed to hedge against a steepening yield curve1. What sets IVOL apart is its unique access to the OTC fixed income options market — a space where few active or passive ETFs operate. By being long interest rate volatility, IVOL seeks to profit whether a curve steepens through rising long-term rates or falling short-term rates, providing a sophisticated layer of protection and income potential for fixed income portfolios.

1. Data from Bloomberg as of 12/31/2025.