KraneShares 90% KWEB Defined Outcome January 2027 ETF
KBUF
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Feb 8, 2024
- CIK
- 0001547576
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares 90% KWEB Defined Outcome January 2027 ETF (Ticker: KBUF) is an actively managed exchange-traded fund that seeks to deliver buffered exposure to the performance of the KraneShares CSI China Internet ETF (KWEB); it provides a predetermined cap on upside returns of 40.01% and a 90% downside buffer over its outcome period from January 27, 2025, to January 15, 2027, prior to fees and expenses. The fund holds primarily KWEB shares, supplemented by FLEX options on KWEB, including put options for downside protection and call options to establish the cap; it is listed on the NYSE Arca exchange with a total annual fund operating expense ratio of 1.01% and net assets of approximately $4.1 million as of late 2025. KBUF targets investors seeking defined outcome strategies for China internet sector exposure, with distributions paid annually, the most recent ex-date on December 30, 2024. Launched on February 7, 2024, by Krane Funds Advisors, LLC (KraneShares), headquartered at 280 Park Avenue, 32nd Floor, New York, NY 10017, with additional offices in San Francisco and London, the ETF operates within the global exchange-traded funds industry, focusing on China-related equities through buffered products. KraneShares, founded in 2013, specializes in innovative strategies for China, climate, and alternative investments as a specialist investment manager. In January 2025, KBUF underwent a significant strategic extension of its outcome period from the original January 2026 target to January 2027, accompanied by a name change from KraneShares 90% KWEB Defined Outcome January 2026 ETF, an updated cap rate reflecting strong KWEB momentum, and reaffirmed 90% buffer mechanics based on KWEB's price as of January 27, 2025. This adjustment, announced on January 29, 2025, aimed to enhance upside potential for holders while resetting downside protection, positioning the fund as part of KraneShares' suite of KWEB-linked defined outcome ETFs including the companion KPRO product. No major acquisitions, funding rounds, or partnerships specific to KBUF were reported in the last 1-2 years, with operations centered in the U.S. and exposure derived from KWEB's China internet focus.