KraneShares Mount Lucas Managed Futures Index Strategy ETFKraneShares Mount Lucas Managed Futures Index Strategy ETFKraneShares Mount Lucas Managed Futures Index Strategy ETF

KraneShares Mount Lucas Managed Futures Index Strategy ETF

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Key stats


Assets under management (AUM)
‪191.47 M‬USD
Fund flows (1Y)
‪−37.74 M‬USD
Dividend yield (indicated)
0.87%
Discount/Premium to NAV
0.1%
Shares outstanding
‪7.25 M‬
Expense ratio
0.90%

About KraneShares Mount Lucas Managed Futures Index Strategy ETF


Brand
KraneShares
Home page
Inception date
Dec 2, 2020
Structure
Open-Ended Fund
Index tracked
KFA MLM Index
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
KMLM focuses on total return using long and short positions, as determined by daily trading signals, in commodity, currency, and global fixed income futures. For tax purposes, KMLM does not hold futures but gets exposure through a wholly-owned Cayman Island subsidiary. On an annual basis, an index committee selects 22 different futures contracts from the three broad categories. Weighting to the three categories is based on historical volatility. The contracts within each category are equally weighted. The portfolio is rebalanced monthly and contracts are rolled on a market-by-market basis as contracts near their expiration. The fund may also invest in instruments not included in the index such as equities or derivatives including swaps, forwards, structured notes, and options. Before April 1, 2022, the fund was actively managed. It traded as KFA Mount Lucas Index Strategy ETF until November 10, 2022. On August 1, 2024, KFA was replaced with KraneShares in the fund name.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Global macro
Niche
Managed futures
Strategy
Equal
Geography
Global
Weighting scheme
Equal
Selection criteria
Committee
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Mutual fund
Cash
Bonds, Cash & Other100.00%
Government70.42%
Mutual fund16.34%
Cash13.24%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to KMLM via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
KMLM trades at 26.59 USD today, its price has risen 0.49% in the past 24 hours. Track more dynamics on KMLM price chart.
KMLM net asset value is 26.56 today — it's risen 0.99% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
KMLM assets under management is ‪191.47 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
KMLM price has risen by 1.37% over the last month, and its yearly performance shows a −8.28% decrease. See more dynamics on KMLM price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.88% decrease in three-month performance and has decreased by −7.89% in a year.
KMLM fund flows account for ‪−37.74 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
KMLM invests in bonds. See more details in our Analysis section.
KMLM expense ratio is 0.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, KMLM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, KMLM technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating KMLM shows the sell signal. See more of KMLM technicals for a more comprehensive analysis.
Yes, KMLM pays dividends to its holders with the dividend yield of 0.87%.
KMLM trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
KMLM shares are issued by China International Capital Corp. Ltd.
KMLM follows the KFA MLM Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 2, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.