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KBUFKraneShares 90% KWEB Defined Outcome January 2027 ETF

Diversifier2y track recordRanked #224 of 240 in this goal

Seeks to match total returns 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%

#4,997 of 5,562 · expensive

Fund Size

$3M

#5,199 of 5,562 · small

Return (1Y)Goal

-7.7%

Track Record

2 years

#3,436 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,256-7.4%

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

Classification

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 = 99.8% of fundconcentrated

KraneShares CSI China Internet ETF
102.1%
2KWEB 01/15/20272KWEB US 01/15/27 P27.49 FLX
3.9%
2KWEB 01/15/20272KWEB US 01/15/27 C42.76 FLX
-6.3%

Asset allocation

Stocks
99.6%
Cash
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
13.1%Moderate

Year-on-year price swings

Max drawdown
-19.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to match total returns of the KraneShares CSI China Internet ETF with a 40.01% cap and a 90% buffer against losses.
Strategy
Invests primarily in the KraneShares CSI China Internet ETF and options referencing it, aiming to provide capped upside and buffered downside over the Outcome Period. The strategy focuses on China Internet companies, utilizing options to achieve the desired outcomes.
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

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-20