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About KraneShares Mount Lucas Managed Futures Index Strategy ETF
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Inception date
Dec 2, 2020
Structure
Open-Ended Fund
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Cash
Bonds, Cash & Other100.00%
Government70.42%
Mutual fund16.34%
Cash13.24%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
KMLM last dividends amounted to 0.23 USD. The quarter before, the issuer paid 0.63 USD in dividends, which shows a 174.66% decrease.
KMLM assets under management is 191.47 M USD. It's fallen 3.59% over the last month.
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.
Yes, KMLM pays dividends to its holders with the dividend yield of 0.87%. The last dividend (Dec 18, 2024) amounted to 0.23 USD. The dividends are paid quarterly.
KMLM shares are issued by China International Capital Corp. Ltd. under the brand KraneShares. The ETF was launched on Dec 2, 2020, and its management style is Passive.
KMLM expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
KMLM follows the KFA MLM Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
KMLM invests in bonds.
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.
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 trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.