KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is an exchange-traded fund that seeks to provide investors with exposure to managed futures strategies by tracking the performance of the KraneShares Mount Lucas Managed Futures Index. The fund employs a systematic, trend-following approach across diverse futures markets, including commodities, currencies, interest rates, and equity indices; it uses proprietary trend signals developed by Mount Lucas Management to allocate dynamically among long and short positions in these asset classes, aiming to deliver returns with low correlation to traditional equities and bonds. KMLM offers investors a liquid, transparent vehicle for diversification into alternative investments, with daily liquidity on the NYSE Arca exchange and a focus on risk-managed momentum strategies that have historically performed well in inflationary or volatile environments.
Launched in 2019 and domiciled in the United States with primary oversight from KraneShares, the ETF operates globally across international futures exchanges such as the CME Group, ICE, and Eurex, targeting institutional and retail investors seeking alternative risk premia. In recent developments as of 2025, KMLM has seen expanded assets under management amid growing interest in managed futures amid persistent inflation and geopolitical tensions, with no major acquisitions or name changes but notable inflows supporting enhanced liquidity; KraneShares has also integrated advanced quantitative enhancements to the underlying index methodology in late 2024, improving signal robustness for commodity trends. The fund remains a standalone product under KraneShares, an affiliate of Krane Funds Advisors LLC, with no reported parent company changes or significant reorganizations in the past two years.