KraneShares KWEB Covered Call Strategy ETF
KLIP
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Jan 12, 2023
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares KWEB Covered Call Strategy ETF (KLIP) is an actively managed exchange-traded fund that employs a covered call strategy on the KraneShares CSI China Internet ETF (KWEB); it purchases shares of KWEB, which tracks the CSI Overseas China Internet Index comprising publicly traded China-based internet companies, and sells at-the-money, short-dated call options on those shares to generate option premium income for monthly distributions. The fund offers investors exposure to the volatile China internet sector with capped upside potential in exchange for high current yield and limited downside protection from option premiums, which correlate with KWEB's volatility; distributions primarily derive from these premiums, supplemented by any KWEB dividends, and target retail and institutional investors seeking income from thematic equity. KLIP trades on the NYSE under ticker KLIP with CUSIP 500767272 and ISIN US5007674709; as of late 2025, it maintains net assets of approximately $117 million, a total annual operating expense ratio of 0.95%, and a portfolio dominated by KWEB holdings alongside cash equivalents and short call options. Launched on January 11, 2023, and headquartered in New York at 280 Park Avenue, 32nd Floor, the ETF operates globally with a focus on U.S.-listed securities tied to Chinese internet firms listed overseas. In December 2024, ahead of 2025 implementation, Krane Funds Advisors, LLC announced and executed a 1-for-3 reverse stock split effective after market close on December 31, 2024, alongside a distribution policy change capping monthly payouts at 2% of NAV (with excess option income retained for NAV growth potential) and a CUSIP update from 500470 to 500767; these adjustments aim to stabilize income streams and enhance long-term appreciation amid ongoing volatility in underlying China internet exposures.