KraneShares China Internet & Covered Call ETF (Ticker: KLIP) Achieves 1-Year Track Record, Delivering A Current Distribution Rate of 47.57%
New York, NY – January 31, 2024 – KraneShares is pleased to announce that the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP) achieved a one-year track record in January of 2024. The anniversary marks a significant milestone for KLIP, which delivered an average 4.36% monthly distribution over the past 12 months.
Since KLIP’s inception, it provided a total return of 9.15%.1
“We are pleased by KLIP’s performance since its inception. KLIP has demonstrated a strong ability to dampen drawdowns in the China Internet space and allow investors to benefit from volatility by providing attractive distributed income each month,” said Jonathan Shelon, KraneShares COO.
KraneShares also announced KLIP’s January distribution in the amount of $0.572576 per share, representing a Monthly Distribution2 of 3.70% and a current Distribution Rate3 of 47.57%. The Fund’s current 30-day SEC Yield, which excludes options income, is 1.26%.4
For KLIP standard performance, please click here.
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. For performance data current to the most recent month end, please visit kraneshares.com/klip.
Over the past year, KLIP has provided attractive monthly distributions to shareholders. Please refer to the table below for KLIP’s 12-month distribution history.
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.
1. Data from KraneShares as of 12/31/2023. KLIP total return assumes all distributions were reinvested and is based on KLIP’s closing price, not NAV.
2. The 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.
3. The 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. Through 12/29/2023, it is estimated that 93.95% of the Fund’s distributions have been return of capital. Actual sources of the distributions may vary at the end of the year, and will be provided in Form 1099-DIV.
4. 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.
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