KLIP) announces April allocation, current allocation rate is 44.08% (Investing.com)



NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) — KraneShares, the leading global provider of ETFs focused on China, climate and uncorrelated assets, today announced the launch of the KraneShares China Internet and Covered Call Strategy ETFs The monthly distribution (ticker code: KLIP) is $0.527163 per share, which is equivalent to a monthly distribution of 3.51%, and the current distribution rate is 44.08%. The fund's current 30-day SEC yield (excluding option income) is 0.01%.

KLIP standard performance please click here.

Performance data quoted represent past performance. Past performance is no guarantee of future results. The investment return and principal value of investments will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be less or greater than the results quoted.For performance data as of the most recent month-end, please visit kraneshares.com/klip.

Over the past year, KLIP has provided shareholders with attractive monthly distributions. Please refer to the table below for KLIP’s 12-month issuance history.

Payable date KLIP Allocation($)/share KLIP Navigation($) KLIP monthly allocation (%)
May 31, 2023 0.862498 19.07 4.52
June 30, 2023 0.834929 19.51 4.28
July 31, 2023 0.832117 19.51 4.27
August 31, 2023 0.834286 18.51 4.51
September 29, 2023 0.746773 17.73 4.21
October 31, 2023 0.696632 17.15 4.06
11/30/2023 0.677419 17.32 3.91
12/29/2023 0.625001 16.39 3.81
January 31, 2024 0.572576 15.47 3.70
February 29, 2024 0.616754 15.20 4.06
March 28, 2024 0.611927 15.07 4.06
April 30, 2024 0.527163 15.02 3.51

About Jinrui Shares

Krane Funds Advisors, LLC is the investment management company for the KraneShares ETF. Jinrui offers innovative investment solutions tailored to three key pillars: China, climate and uncorrelated assets. Our team is determined to deliver industry-leading, differentiated and compelling investment strategies that help you understand key market trends. Our mission is to provide investors with the knowledge and tools necessary to understand the importance of these topics as fundamental elements of a well-designed investment portfolio.

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The monthly distribution is the distribution amount paid by the fund expressed as a percentage of the fund's NAV as of the close of business on the day before the ex-dividend date. Distribution levels may vary from month to month, and minimum distribution amounts are not guaranteed.

The distribution rate is the annualized payout an investor will receive, expressed as a percentage of NAV, assuming the latest monthly distribution remains constant for the next twelve (12) months. Distribution rates may include return of capital, common dividends, or capital gains. Distributions may coincide with a decline in NAV. Distribution rates represent a single distribution and are not indicative of total returns. Future releases may differ significantly from the latest release and are not guaranteed. As of March 31, 2024, 95.88% of the Fund's distributions are expected to have been a return of capital. The actual source of distributions may vary at year-end and will be provided on Form 1099-DIV.

The 30-Day SEC Return is a standardized return calculation used to compare the returns of mutual funds, exchange-traded funds (ETFs), and other investment options. It represents the rate of return an investor receives in the form of interest or dividends over a 30-day period (assuming the dividends and interest are reinvested).

The material must precede or be accompanied by a current prospectus. Investors should read this guide carefully before investing or sending money.

Risk Disclosure:

Investing involves risks, including possible loss of principal. There can be no assurance that the Fund will achieve its stated objectives. The index is unmanaged and does not include the impact of fees. You cannot invest directly in an index.

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This information should not be construed as research, investment advice or recommendations regarding any product, strategy or any security. This material is provided for illustrative, educational or informational purposes only and is subject to change. Certain content represents an assessment of market conditions at a specific time and is not a prediction of future events or a guarantee of future results; information is as of the date stated and is subject to change without notice.

By selling a call option in exchange for a premium, the Fund will forgo the opportunity to benefit from a potential increase in the value of the Index above the exercise price of such option, but will continue to bear the risk of a decrease in the value of the Index. The premium received from an option may not be sufficient to offset any losses due to fluctuations in the underlying stock over time. Therefore, the risks associated with selling a call option may be similar to the risks associated with selling a put option. In addition, a Fund's ability to sell the securities underlying the option will be limited while the option is in force unless the Fund cancels the option position by making an offsetting purchase of the same option prior to expiration of the written option. As the author of the call, the Fund may not be able to control the time at which obligations to the purchaser of the option may be required; however, the terms of the FLEX options established by the Fund provide that they may only be exercised on the expiration date. In volatile markets, exchanges may suspend options trading. If trading is suspended, the Fund may not be able to sell options when needed or advantageous. The premium received by the Fund from the sale of call options will generate short-term capital gains and be distributed as ordinary income. Therefore, the effective tax rate on a significant portion of distributions may be higher than the tax rates that would apply if the Fund adopted a different investment strategy.

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The Fund may invest in derivatives, which are generally more volatile than other investments and may magnify the Fund's gains or losses. Derivatives (i.e. futures/forwards, swaps and options) are contracts that derive their value from the performance of an underlying asset. The primary risk with derivatives is that changes in the market value of an asset may be disproportionate to the derivative, and some derivatives may have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risks. The Fund is subject to liquidity risk, which means that certain investments may be difficult to purchase or sell at a reasonable time and price. If transactions in these securities are large, they may not be initiated, which could result in a loss for the Fund. Counterparty risk is the risk of loss resulting from the failure of an agreed counterparty to make required payments or otherwise comply with the terms of a derivative.

The Fund's ability to achieve their respective investment objectives depends in part on the continued supply of A Shares and the ability to obtain additional A Share quota when necessary. If the Fund is unable to obtain sufficient exposure using the limited A-share quota, the Fund may seek exposure to the relevant index component securities by investing in other types of securities. The Fund is affected by political, social or economic instability in China, which may result in a decline in value. Emerging markets involve higher risks related to the same factors, as well as increased volatility and reduced trading volumes. Fluctuations in foreign currencies may adversely affect the value of domestic currencies. The fund may invest in initial public offerings (IPOs). Securities in an initial public offering have no trading history, and information about the company may be available for a very limited period of time. In addition, the prices of securities sold in an initial public offering may fluctuate significantly. In addition, as the fund size expands, the impact of IPOs on fund performance generally decreases.

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The fund is new and does not yet have a significant number of shares outstanding. If a fund does not expand in size, its shares will be subject to greater risks than larger funds, with wider bid-ask spreads on its shares, trading at larger premiums or discounts to net asset value, and liquidations and/or trading halts. Investments with a narrow range typically exhibit higher volatility. The Fund's assets are expected to be concentrated in a sector, industry, market or concentration group to the extent that the underlying index has such concentration. Securities or futures in that concentration may respond similarly to market developments. As a result, the Fund suffers losses from adverse events that affect concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KLIP is non-diversified.

ETF shares are bought and sold on exchanges at market price (not NAV) and are not individually redeemed from the fund. However, certain authorized broker-dealers (authorized participants) may redeem shares of very large creation/redemption units directly at NAV. The returns shown are not representative of the returns you would receive if you traded the stock at other times. Shares may trade in the secondary market at a premium to their net asset value. Brokerage commissions will reduce returns. Beginning December 23, 2020, market price returns are based on the official closing price of the ETF's stock or, if there is no official closing price, the midpoint between the national best bid and the national best ask ( “NBBO”): The time at which the ETF calculates its current net asset value per share. Previously, market price returns were based on the midpoint between the bid and ask prices. NAV is calculated using prices as of 4:00 p.m. Eastern Time.

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KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, or any subsidiary of the funds.

Contact: Joseph Dube KraneShares, Head of Marketing Joseph.Dube@kraneshares.com





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