KLIPKraneShares KWEB Covered Call Strategy ETF
Seeks to provide current income.
By KraneShares · Launched 2023
0.95%
#4,695 of 5,573 · expensive
$112M
#2,830 of 5,573 · mid-size
29.72%
3 years
#2,905 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
Asia pacificStrategy
Option income
Index tracked
CSI Overseas China Internet Index
What it actually holds
By weightConcentration
Top 10 holdings = 102.6% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide current income.
- Strategy
- Employs a covered call strategy, investing primarily in the CSI Overseas China Internet Index and writing covered call options on the Underlying Fund. The Fund aims to generate income through premiums while holding the underlying securities.
- Inception date
- January 11, 2023
- Fund family
- KraneShares
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_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