Symbols

KLIP

KraneShares KWEB Covered Call Strategy ETF·ARCA

--(--)

Key Stats

Assets Under Management

112.73MUSD

Fund Flow (1Y)

37.98MUSD

Dividend Yield

28.93%

Discount / Premium to NAV

-0.08%

Shares Outstanding

4.30M

Expense Ratio

0.95%

About KraneShares KWEB Covered Call Strategy ETF

Issuer

Krane Funds Advisors, LLC

Brand

KraneShares

Home Page

https://kraneshares.com/klip/

Inception Date

Jan 11, 2023

Structure

Open-Ended Fund

Index Tracked

CSI Overseas China Internet Index

Management Style

Active

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.

KLIP follows a "covered call" or "buy-write" strategy. KLIP buys shares of the KraneShares CSI China Internet ETF (ticker: KWEB) and "writes" or "sells" corresponding call options on KWEB. Both KLIP and KWEB are benchmarked to the CSI Overseas China Internet Index, which tracks the performance of the investable universe of publicly traded China-based companies in the Internet sector. KLIP can generate option income.