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.

Covered Call ETF Features:

  • A covered call ETF is an exchange-traded fund that provides investors with 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.
Premium Discount Chart

Daily Performance

Data as of 03/23/2023
Daily Net Asset Value (NAV) and Market Price
NAV $22.00
NAV Daily Change 1.38%
Market Price $22.02
Market Price Daily Change 1.43%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 02/28/2023
Fund NAV Closing Price Index
1 Month -5.77% -5.66% -13.68%
3 Month
6 Month
Since Inception -6.68% -6.46% -15.36%
Cumulative %
Data as of quarter end: 12/31/2022
Fund NAV Closing Price Index
Since Inception

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.

Top 10 Holdings

Data as of 03/24/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Type Shares Held Market Value($)
1 KraneShares CSI China Internet ETF 100.33% KWEB US5007673065 ETF 163,812 4,968,418
2 Cash 8.71% Cash 431,228 431,228
3 KWEB US 04/21/23 C28.67 -0.99% Option -186 -48,907
4 KWEB US 04/21/23 C28.5 -8.05% Option -1,452 -398,676

Holdings are subject to change.