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.
December 6, 2024 – KraneShares Adds Washington State Carbon Market to Global Carbon Strategy ETF (KRBN)
December 5, 2024 – Just for Funds – KraneShares & AGIX
November 26, 2024 – 2024 Estimated Per Share Capital Gains Distributions
November 25, 2024 – Former US Ambassador: Tariffs Will Allow Trump to Strike a ‘Grand Bargain’ With China
Our semi-monthly topical research reports. Subscribe to our weekly mailing list for more.
December 11, 2024 – KMLM: The FLATION Complication
December 6, 2024 – KraneShares Adds Washington State Carbon Market to Global Carbon Strategy ETF (KRBN)
December 4, 2024 – Post-Election Recap: Trump’s Man in Beijing Discusses U.S.-China Relations
November 20, 2024 – 5 Reasons Why Trump’s Administration Could Strengthen Carbon Allowance Demand
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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KSPY tracks the Hedgeye Hedged Equity Index, which provides exposure to the S&P 500 while actively reducing volatility and providing downside risk management. The Index is managed by Hedgeye Asset Management, LLC and utilizes a model based on Hedgeye’s proprietary Risk Range™ Signals that analyze the daily trading range of the S&P 500. The Index toggles between three options strategies based on where the S&P 500 falls within these ranges. These options strategies are intended to provide downside risk management, option income, and potential compensation for the loss of upside. Depending on market conditions, the Index can change options strategies as frequently as daily.
1. Data from Hedgeye Asset Management, LLC as of 05/31/2024.
Ticker | KSPY |
Primary Exchange | NYSE |
CUSIP | 500767389 |
ISIN | US5007673891 |
Net Assets | $7,870,646 |
Total Annual Fund Operating Expense (Gross) | 0.79% |
Total Annual Fund Operating Expense (Net) | 0.69%* |
Inception Date | 7/16/2024 |
Distribution Frequency | Annual |
Underlying Index | Hedgeye Hedged Equity Index |
Daily Net Asset Value (NAV) and Market Price | |
NAV | $26.24 |
NAV Daily Change | -0.15% |
Market Price | $26.26 |
Market Price Daily Change | -0.19% |
30 Day Median Bid/Ask Spread |
0.12% |
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 |
$26.24 | $26.26 | $0.02 |
Q3 2024 | Q4 2024 | |
Days traded at premium | 43 | 46 |
Days traded at NAV | 0 | 0 |
Days traded at discount | 11 | 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 | Underlying Index | |
1 Month | 3.61% | 3.36% | 3.96% |
3 Month | 5.19% | 5.06% | 5.13% |
6 Month | – | – | – |
YTD | – | – | – |
Since Inception | 4.56% | 4.60% | 5.14% |
Fund NAV | Closing Price | Underlying Index | |
Since Inception | 0.64% | 0.84% | 1.02% |
*Fee waivers are contractual and in effect until August 1, 2025
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.
Ex-Date | Record Date | Payable Date | Amount |
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.
In an article on the future of #carbon #markets and cap-and-trade programs under a second #Trump term, @LukeAOliver recently told @Reuters, "These aren't going away, and why would they? These carbon 'cap-and-trade' programs are capitalist, free-market solutions that allow… pic.twitter.com/CSoFFgkeES
— KraneShares (@KraneShares) November 20, 2024
@ahern_brendan joined @CNBCTheExchange to discuss #PresidentElectTrump's #tariff rhetoric, arguing he'll reach a deal with #China for the best outcome between both countries.
— KraneShares (@KraneShares) November 20, 2024
Watch: https://t.co/RWKlcDO4Px$KWEB #ETF #investing #stocks pic.twitter.com/kd7lDNBosB
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 | SPDR S&P 500 ETF TRUST | 98.89% | SPY | US78462F1030 | Mutual Fund | 12,900 | 7,794,309 |
2 | SPXW US 12/27/24 P6095 | 0.93% | – | – | Option | 12 | 73,320 |
3 | Cash | 0.52% | – | – | Cash | 41,167 | 41,167 |
4 | XSP US 12/27/24 P609 | 0.07% | – | – | Option | 9 | 5,225 |
5 | XSP US 12/27/24 P595 | -0.02% | – | – | Option | -9 | -1,224 |
6 | 2SPY US 12/27/24 C610.54 | -0.19% | – | – | Option | -129 | -15,155 |
7 | SPXW US 12/27/24 P5950 | -0.21% | – | – | Option | -12 | -16,200 |
Holdings are subject to change.
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For questions on how to invest in KraneShares ETFs, please refer to ETF Trading 101.
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