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KLIPKraneShares KWEB Covered Call Strategy ETF

Get income3y track recordRanked #1,125 of 1,650 in this goal

Seeks to provide current income.

By KraneShares · Launched 2023

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$99M

#3,010 of 5,861 · mid-size

Dividend YieldGoal

17.41%

Track Record

3 years

#2,831 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,665-3.3%

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

Option income

Index tracked

CSI Overseas China Internet Index

What it actually holds

By weight

Concentration

Top 8 holdings = 99.8% of fundconcentrated

KraneShares CSI China Internet ETF
101.7%
N/A
0.0%
2KWEB 04/02/2026KWEB
-0.0%
2KWEB 04/02/2026KWEB
-0.0%
2KWEB 04/17/2026KWEB
-0.2%
2KWEB 04/10/2026KWEB
-0.2%
2KWEB 05/01/2026KWEB
-0.8%
2KWEB 04/24/2026KWEB
-0.8%

Asset allocation

Stocks
99.6%
Cash
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.6%Moderate

Year-on-year price swings

Max drawdown
-21.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.25Below average
Sortino (3Y)
0.34Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide current income.
Strategy
Employs a covered call strategy, investing primarily in component securities of the CSI Overseas China Internet Index, which includes China-based companies. The Fund aims to generate current income through premiums received from writing covered call options on the Underlying Fund, which tracks the Index.
Inception date
January 11, 2023
Fund family
KraneShares

Our take

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

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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