Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Uncorrelated Assets. Our team is determined to provide industry-leading, differentiated, and high-conviction investment strategies that offer access to key market trends. Our mission is to empower investors with the knowledge and tools necessary to capture the importance of these themes as an essential element of a well-designed investment portfolio.
September 21, 2023 – Brendan Ahern on Schwab Network: US vs. Non-US Markets & Apple Situation
September 21, 2023 – Anthony Sassine on Schwab Network: TSLA and KARS Up YTD
September 20, 2023 – ARM: Biggest IPO Since UBER In 2019
September 12, 2023 – KraneShares and Rockefeller Asset Management Launch Ocean Engagement ETF (KSEA), Expanding Innovative Climate Investment Lineup
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Information about KraneShares ETFs, China's markets and culture, and general investing resources.
Our market update is a collaboration between the KraneShares internal research department, our local Chinese partners, and select China thought leaders from around the world. Our goal is to deliver a differentiated perspective on Chinese capital markets, business, government, and culture.
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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.
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.
Ticker | KLIP |
Primary Exchange | NYSE |
CUSIP | 500767470 |
ISIN | US5007674709 |
Net Assets | $108,220,810 |
Total Annual Fund Operating Expense | 0.95% |
Inception Date | 1/12/2023 |
Distribution Frequency | Monthly |
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 |
0.06% |
The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth. |
NAV | Market Price | Premium/Discount |
$17.04 | $17.08 | $0.04 |
Q1 2023 | Q2 2023 | Q3 2023 | |
Days traded at premium | 88 | 59 | 56 |
Days traded at NAV | 0 | 0 | 0 |
Days traded at discount | 22 | 3 | 6 |
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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% |
YTD | – | – | – |
Since Inception | 2.08% | 1.77% | -17.02% |
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.
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.
After a solid start to 2023, #investors are racing to be part of the multi-decade global luxury opportunity. We believe the return of reasonable valuations in the global luxury sector offers investors a near-term entry point for a compelling long-term growth opportunity. The… pic.twitter.com/0H6efdVeUf
— KraneShares (@KraneShares) September 28, 2023
We believe $KEM is a good option for investors looking for exposure to emerging market (EM) #equities with a focus on #riskmanagement. KEM adjusts its exposure to #China and EM ex China using fundamental and technical signals. This can mitigate risk and improve performance.
— KraneShares (@KraneShares) September 14, 2023
Read:… pic.twitter.com/P5j5pVxAVE
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 $10,000 investment in the fund is hypothetical and for illustration purposes only.
Rank | Name | % of Net Assets | Ticker | Identifier | Type | Shares Held | Market Value($) |
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.
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