Key stats
About KraneShares 2x Long MELI Daily ETF
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Inception date
Jun 11, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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.
KMLI is a short-term tactical tool designed to make bullish bets on the stock price of Mercado Libre Inc. (MELI). The fund aims to deliver 2x the price return, less fees and expenses, for a single day of MELI stock. To maintain this exposure, daily rebalancing is performed by the fund. Returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Should MELI's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if MELI's performance strengthens. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their stock research prior to initiating a position and trade with conviction. The fund is meant for investors with a high-risk tolerance and a short-term outlook.
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
Retail Trade
Cash
Stocks201.48%
Retail Trade66.49%
Bonds, Cash & Other−101.48%
Cash101.55%
Miscellaneous−203.02%
Stock breakdown by region
Latin America100.00%
North America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
KMLI assets under management is 2.50 M USD. It's risen 4.90 M% over the last month.
KMLI fund flows account for 2.50 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.
No, KMLI doesn't pay dividends to its holders.
KMLI shares are issued by China International Capital Corp. Ltd. under the brand KraneShares. The ETF was launched on Jun 11, 2025, and its management style is Passive.
KMLI expense ratio is 1.26% meaning you'd have to pay 1.26% of your investment to help manage the fund.
KMLI follows the MercadoLibre, Inc. - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
KMLI invests in stocks.
KMLI trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.