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KBUFKraneShares 90% KWEB Defined Outcome January 2027 ETF

Diversifier2y track recordRanked #241 of 266 in this goal

Seeks to provide returns that match the total return of the KraneShares CSI China Internet ETF with a 40.01% cap and a 90% buffer against losses.

By KraneShares · Launched 2024

Annual Cost

1.01%

#5,243 of 5,861 · expensive

Fund Size

$9M

#4,934 of 5,861 · small

Return (1Y)Goal

-4.4%

Track Record

2 years

#3,350 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,562-4.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Asia pacific

Strategy

Structured outcome

Index tracked

CSI Overseas China Internet Index

What it actually holds

By weight

Concentration

Top 3 holdings = 99.7% of fundconcentrated

KraneShares CSI China Internet ETF
92.2%
2KWEB 01/15/20272KWEB US 01/15/27 P27.49 FLX
9.2%
2KWEB 01/15/20272KWEB US 01/15/27 C42.76 FLX
-1.8%

Asset allocation

Stocks
99.7%
Cash
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.5%Moderate

Year-on-year price swings

Max drawdown
-21.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide returns that match the total return of the KraneShares CSI China Internet ETF with a 40.01% cap and a 90% buffer against losses.
Strategy
Invests at least 80% of net assets in the KraneShares CSI China Internet ETF and FLEX options to provide a cap of up to 40.01% on returns and a buffer against 90% of losses. Focuses on China Internet Companies during the Outcome Period from January 27, 2025 to January 15, 2027.
Inception date
February 7, 2024
Fund family
KraneShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04