Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. KraneShares offers innovative investment solutions tailored to three key pillars: China, Climate, and Alternatives. 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.
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November 20, 2024 – 5 Reasons Why Trump’s Administration Could Strengthen Carbon Allowance Demand
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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) follows 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 generate option income.
Distribution Rate | 65.77% |
Distribution Frequency | Monthly |
30-day SEC Yield | 0.06% |
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 the Fund’s fiscal year to date, please refer here for the 19a Notice with a breakdown of each monthly distribution. Please note the Fund’s distributions have mainly been classified as return of capital for the purposes of the 19a Notice because option income is excluded from the 19a net investment income calculation.
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.
Ticker | KLIP |
Primary Exchange | NYSE |
CUSIP | 500767470 |
ISIN | US5007674709 |
Net Assets | $127,937,361 |
Total Annual Fund Operating Expense | 0.93% |
Inception Date | 1/11/2023 |
Distribution Frequency | Monthly |
BBSMI
Broad-Based Securities Market Index – a broad-based index that represents the overall applicable domestic, international equity, or debt market, as appropriate.
|
MSCI China All Shares Index |
Underlying Index | N/A Active |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $11.30 |
NAV Daily Change | -0.88% |
Market Price | $11.27 |
Market Price Daily Change | -0.88% |
30 Day Median Bid/Ask Spread |
0.09% |
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 |
$11.30 | $11.27 | $-0.03 |
2023 Full Year | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
Days traded at premium | 197 | 141 | 90 | 24 | 23 |
Days traded at NAV | 0 | 0 | 0 | 0 | 0 |
Days traded at discount | 46 | 42 | 36 | 40 | 15 |
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 | BBSMI | |
1 Month | -2.61% | -2.27% | -5.27% |
3 Month | 1.77% | 2.29% | 16.67% |
6 Month | -2.10% | -1.98% | 14.31% |
YTD | 1.98% | 2.09% | 18.49% |
Since Inception | 11.27% | 11.43% | -3.65% |
Fund NAV | Closing Price | BBSMI | |
1 Year | 8.79% | 9.37% | 18.47% |
Since Inception | 6.09% | 6.18% | -2.04% |
Fund NAV | Closing Price | BBSMI | |
1 Year | 11.27% | 11.21% | 20.31% |
Since Inception | 8.05% | 7.92% | 1.00% |
Broad-Based Securities Market Index (BBSMI) is a broad-based index that represents the overall applicable domestic, international equity, or debt market, as appropriate.
MSCI China All Shares Index (Net Total Return): The MSCI China All Shares Index captures large and mid-cap representation across China A‐shares, B‐shares, H‐shares, Red‐chips, P‐chips and foreign listings (e.g. ADRs). The index aims to reflect the opportunity set of China share classes listed in Hong Kong, Shanghai, Shenzhen and outside of China. It is based on the concept of the integrated MSCI China equity universe with China A-shares included. The index was launched on June 26, 2014.
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.
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 | 3.50% | 0.507881 |
06/27/2024 | 06/27/2024 | 06/28/2024 | 3.35% | 0.459931 |
07/30/2024 | 07/30/2024 | 07/31/2024 | 3.10% | 0.401501 |
08/29/2024 | 08/29/2024 | 08/30/2024 | 3.11% | 0.379142 |
09/27/2024 | 09/27/2024 | 09/30/2024 | 3.10% | 0.394607 |
10/30/2024 | 10/30/2024 | 10/31/2024 | 5.02% | 0.610860 |
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.
The recent surge in #China's #stockmarkets, fueled by #government stimulus, has caught global attention. While #offshore #stocks rallied, onshore A-shares could offer an additional growth opportunity. The KraneShares Bosera MSCI China A 50 Connect Index ETF (ticker: $KBA)… pic.twitter.com/mTxNkHhn8H
— KraneShares (@KraneShares) October 30, 2024
The recent surge in #China's #stockmarkets, fueled by #government stimulus, has caught global attention. While #offshore #stocks rallied, onshore A-shares could offer an additional growth opportunity. The KraneShares Bosera MSCI China A 50 Connect Index ETF (ticker: $KBA)… pic.twitter.com/mTxNkHhn8H
— KraneShares (@KraneShares) October 30, 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 $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.
Rank | Name | % of Net Assets | Ticker | Identifier | Type | Shares Held | Market Value($) |
1 | KraneShares CSI China Internet ETF | 95.05% | KWEB | US5007673065 | ETF | 4,034,712 | 120,436,153 |
2 | STATE ST INST US GOV | 5.56% | GVMXX | – | Money Market | 7,045,480 | 7,045,480 |
3 | Cash | 0.73% | – | – | Cash | 919,136 | 919,136 |
4 | 2KWEB US 12/06/24 C32.2 | 0.00% | – | – | Option | -435 | -5,324 |
5 | 2KWEB US 11/29/24 C32.11 | -0.02% | – | – | Option | -6,220 | -22,081 |
6 | 2KWEB US 12/13/24 C30.65 | -0.02% | – | – | Option | -522 | -30,714 |
7 | 2KWEB US 12/27/24 C30.7 | -0.03% | – | – | Option | -450 | -34,871 |
8 | 2KWEB US 12/06/24 C32.16 | -0.10% | – | – | Option | -10,020 | -126,753 |
9 | 2KWEB US 12/13/24 C32 | -0.21% | – | – | Option | -9,800 | -262,934 |
10 | 2KWEB US 12/20/24 C30.26 | -0.46% | – | – | Option | -7,260 | -588,786 |
Holdings are subject to change.
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