Growth of $10,000


Fund Documents


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 09/28/2023
Current Yield 53.32%
Distribution Frequency Monthly
30-day SEC Yield -0.25%

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

Current yield is the annual yield an investor would receive assuming that the latest declared distribution, including options income, remained the same in the future. The current yield is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV.

30-day SEC Yield (Subsidized/Unsubsidized) is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect. Option Premium is not included in the SEC yield calculation.

Premium Discount Chart

Daily Performance

Data as of 09/28/2023
Daily Net Asset Value (NAV) and Market Price
NAV $17.04
NAV Daily Change -0.12%
Market Price $17.08
Market Price Daily Change -0.06%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 08/31/2023
Fund NAV Closing Price Index
1 Month -0.69% -1.17% -9.07%
3 Month 12.71% 11.98% 14.42%
6 Month 9.38% 8.80% -1.96%
Since Inception 2.08% 1.77% -17.02%
Cumulative %
Data as of quarter end: 06/30/2023
Fund NAV Closing Price Index
Since Inception -3.28% -2.97% -22.38%

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

2023 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
01/27/2023 01/30/2023 01/31/2023 0.560000
02/24/2023 02/27/2023 02/28/2023 1.160000
03/29/2023 03/30/2023 03/31/2023 1.097768
04/26/2023 04/27/2023 04/28/2023 1.033327
05/26/2023 05/30/2023 05/31/2023 0.862498
06/28/2023 06/29/2023 06/30/2023 0.834929
07/27/2023 07/28/2023 07/31/2023 0.832117
08/29/2023 08/30/2023 08/31/2023 0.834286
09/27/2023 09/28/2023 09/29/2023 0.746773
10/27/2023 10/30/2023 10/31/2023
11/28/2023 11/29/2023 11/30/2023
12/27/2023 12/28/2023 12/29/2023

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.

Growth of $10,000

Data as of 09/28/2023

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.

Top 10 Holdings

Data as of 09/29/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Type Shares Held Market Value($)
1 KraneShares CSI China Internet ETF 101.97% KWEB US5007673065 ETF 4,079,312 111,650,769
2 Cash 1.40% Cash 1,537,918 1,537,918
3 KWEB US 10/06/2023 C28.9 0.00% Option -620 -4,755
4 KWEB US 10/13/2023 C27.67 -0.01% Option -159 -9,847
5 KWEB US 10/13/2023 C27.96 -0.01% Option -318 -16,040
6 KWEB US 10/06/2023 C29.71 -0.02% Option -5,800 -19,082
7 KWEB US 10/13/2023 C28 -0.03% Option -636 -31,170
8 KWEB US 10/20/2023 C27.78 -0.03% Option -477 -35,498
9 KWEB US 10/20/2023 C27.89 -0.05% Option -795 -55,555
10 KWEB US 10/27/2023 C27.31 -0.05% Option -486 -55,856

Holdings are subject to change.