Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

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.

KSPY Features:

  • KSPY’s Index offers investors passive exposure to the S&P 500, while seeking to reduce volatility and to provide downside risk management.
  • KSPY’s Index provides the downside risk management with a combination of put and call options to hedge its underlying exposure to the S&P 500.
  • KraneShares manages the options exposure for investors, which can be more economical and time efficient than buying individual stock options.
  • KSPY’s Index strategy is guided by Hedgeye’s Risk Range™ Signals, which, on a daily basis, may buy and sell options produced using Hedgeye’s proprietary price, volume, and volatility model.
  • Hedgeye began publishing its Risk Range™ Signals in 2015 and has grown a significant user base of both institutional and individual investors.1

About Hedgeye Asset Management:

  • Hedgeye Asset Management, LLC ("HAM") is a subsidiary of Hedgeye Risk Management, LLC ("Hedgeye" or "HRM") that develops and provides indices and model portfolios based on the intellectual property of Hedgeye, for use in investment products and portfolio services offered by registered investment advisers, investment funds (including exchange traded funds) and other trading systems.

1. Data from Hedgeye Asset Management, LLC as of 05/31/2024.

Premium Discount Chart

Daily Performance

Data as of 12/12/2024
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%

Performance History

Cumulative %
Data as of: 11/30/2024
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%
Cumulative %
Data as of quarter end: 09/30/2024
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.

Growth of $10,000

Data as of 12/12/2024

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.

Top 10 Holdings

Data as of 12/13/2024 Full Holdings .CSV
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.