Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

The KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP) seeks to provide current income by following a “covered call” or “buy-write” strategy. KLIP buys shares of the KraneShares CSI China Internet ETF (ticker: KWEB) and “writes” or “sells” corresponding call options on KWEB. Both KLIP and KWEB are benchmarked to the CSI Overseas China Internet Index, which tracks the performance of the investable universe of publicly traded China-based companies in the Internet sector. KLIP can provide investors with attractive current yield, while retaining capped participation in the potential price gains of KWEB.

Covered Call ETF Features:

  • A covered call ETF is an exchange-traded fund that provides investors with premium income by writing options on stocks or ETFs.
  • Covered call ETFs manage the options exposure for investors, which can be more economical and time efficient than buying individual stock options.
  • Writing covered calls may produce higher yields during periods of market volatility.

KLIP Features:

  • KLIP sells covered call options on KWEB, an established ETF with a deep options market.
  • KWEB provides exposure to the China internet sector, which has historically been more volatile than the US internet / technology sector. KLIP has the potential to provide higher yields than covered call strategies based on the US and other markets.
  • Combining allocations to both KWEB and KLIP can help produce a targeted growth and income strategy by maintaining upside while trading performance uncertainty for more stable income.
  • KLIP provides monthly distributions.

KLIP Yield Metrics

Data as of 05/24/2024
Distribution Rate 42.48%
Distribution Frequency Monthly
30-day SEC Yield 0.00%

This material must be preceded or accompanied by a current prospectus. Investors should read it carefully before investing or sending money.

Distribution Rate is the annualized payout, expressed as a percentage of NAV, that an investor would receive, assuming that the latest monthly distribution remained the same over the next twelve (12) months. Distribution Rate may include return of capital, ordinary dividends, or capital gain. Distributions may coincide with a decline in NAV. The Distribution Rate is representative of a single distribution and does not indicate total return. Future distributions may differ significantly from the latest distribution and are not guaranteed.

For questions about KLIP distributions, please refer to the FAQ.

30-day SEC Yield is a standardized yield calculation used to compare the yield of mutual funds, exchange-traded funds (ETFs), and other investment options. It represents the yield an investor would receive in the form of interest or dividends over the course of a 30-day period, assuming that dividends and interest are reinvested. ​

Premium Discount Chart

Daily Performance

Data as of 05/24/2024
Daily Net Asset Value (NAV) and Market Price
NAV $14.61
NAV Daily Change 0.07%
Market Price $14.63
Market Price Daily Change 0.00%
30 Day Median Bid/Ask Spread
0.07%

Performance History

Cumulative %
Data as of: 04/30/2024
Fund NAV Closing Price Index
1 Month 3.12% 3.19% 7.08%
3 Month 13.58% 13.87% 21.27%
6 Month 11.12% 11.57% 9.89%
YTD 4.16% 4.14% 4.63%
Since Inception 13.65% 13.68% -17.07%
Avg Annualized %
Data as of month end: 04/30/2024
Fund NAV Closing Price Index
1 Year 19.06% 18.85% 3.09%
Since Inception 10.33% 10.35% -13.40%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year 14.27% 14.14% -14.44%
Since Inception 8.30% 8.26% -18.91%

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 investor's 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.

Distribution History

2024 Distributions and Calendar
Ex-Date Record Date Payable Date Monthly Distribution (%)* Amount
01/29/2024 01/30/2024 01/31/2024 3.70% 0.572576
02/27/2024 02/28/2024 02/29/2024 4.06% 0.616754
03/26/2024 03/27/2024 03/28/2024 4.06% 0.611927
04/26/2024 04/29/2024 04/30/2024 3.51% 0.527163
05/30/2024 05/30/2024 05/31/2024 T-5*: 3.25-3.75%
06/27/2024 06/27/2024 06/28/2024
07/30/2024 07/30/2024 07/31/2024
08/29/2024 08/29/2024 08/30/2024
09/27/2024 09/27/2024 09/30/2024
10/30/2024 10/30/2024 10/31/2024
11/27/2024 11/27/2024 11/29/2024
12/30/2024 12/30/2024 12/31/2024

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Monthly Distribution is the amount paid out by the fund as a distribution expressed as a percentage of the fund’s NAV as of the market close on the day prior to the ex-date. Distribution levels may vary month-to-month and no minimum distribution amount can be guaranteed. Past performance does not guarantee future results​.

*T-10 and T-5 refer to distribution estimate ranges provided 10 and 5 business days before the Payable Date, respectively.
Market conditions, portfolio changes and/or changes in outstanding fund shares could affect these estimates substantially. This information is not final and is subject to change until the ex-date.

If you have additional questions about KLIP distributions, please refer to our FAQ.

2023 Distributions
Ex-Date Record Date Payable Date Monthly Distribution (%)* Amount
01/27/2023 01/30/2023 01/31/2023 2.22% 0.560000
02/24/2023 02/27/2023 02/28/2023 5.01% 1.160000
03/29/2023 03/30/2023 03/31/2023 4.95% 1.097768
04/26/2023 04/27/2023 04/28/2023 5.06% 1.033327
05/26/2023 05/30/2023 05/31/2023 4.52% 0.862498
06/28/2023 06/29/2023 06/30/2023 4.28% 0.834929
07/27/2023 07/28/2023 07/31/2023 4.27% 0.832117
08/29/2023 08/30/2023 08/31/2023 4.51% 0.834286
09/27/2023 09/28/2023 09/29/2023 4.21% 0.746773
10/27/2023 10/30/2023 10/31/2023 4.06% 0.696632
11/28/2023 11/29/2023 11/30/2023 3.91% 0.677419
12/27/2023 12/28/2023 12/29/2023 3.81% 0.625001

Monthly Distribution is the amount paid out by the fund as a distribution expressed as a percentage of the fund’s NAV as of the market close on the day prior to the ex-date. Distribution levels may vary month-to-month and no minimum distribution amount can be guaranteed. Past performance does not guarantee future results​.

*T-10 and T-5 refer to distribution estimate ranges provided 10 and 5 business days before the Payable Date, respectively.
Market conditions, portfolio changes and/or changes in outstanding fund shares could affect these estimates substantially. This information is not final and is subject to change until the ex-date.

If you have additional questions about KLIP distributions, please refer to our FAQ.

Growth of $10,000

Data as of 05/24/2024

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 05/28/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Type Shares Held Market Value($)
1 KraneShares CSI China Internet ETF 96.86% KWEB US5007673065 ETF 6,770,812 202,176,446
2 STATE ST INST US GOV 4.82% GVMXX Money Market 10,065,133 10,065,133
3 Cash 0.59% Cash 1,223,598 1,223,598
4 KWEB US 06/14/2024 C31.24 0.00% Option -242 -7,742
5 KWEB US 06/21/2024 C32.16 0.00% Option -357 -8,668
6 KWEB US 06/21/2024 C31.33 -0.01% Option -357 -14,459
7 KWEB US 06/28/2024 C29.93 -0.01% Option -232 -24,441
8 KWEB US 06/21/2024 C31.16 -0.01% Option -696 -31,195
9 KWEB US 06/07/2024 C29.77 -0.02% Option -484 -31,978
10 KWEB US 06/14/2024 C30.97 -0.02% Option -1,071 -41,533

Holdings are subject to change.