
Considering Skew and Managed Futures in Portfolio Construction
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For financial intermediary use only - not for retail distribution.
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KMLM
KraneShares Mount Lucas Managed Futures Index Strategy ETF
KMLM Features:
- Access to managed futures through a liquid and low-cost ETF structure*
- Managed futures are considered alternative investments and may provide additional diversification and decrease volatility when included within traditional equity/bond portfolios**
- A potential hedge on equity, bond, and commodity risk
- Sub-advised by Mount Lucas***, who in 1988 established the first passive index to measure the returns to risk bearing in futures markets†
* Buying and selling shares of the KFA Funds may result in brokerage commissions.
** Diversification does not ensure a profit or guarantee against a loss.
*** Mount Lucas Management LP is the managing member of Mount Lucas Index Advisers LLC (together “Mount Lucas”), the sub-adviser of KMLM.
† Data from Mount Lucas Management.
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