KFA Small Cap Quality Dividend Index ETF (KSCD) is an exchange-traded fund that tracks the Russell 2000 Dividend Select Equal Weight Index, providing investors with exposure to a concentrated portfolio of small-cap U.S. equities demonstrating consistent dividend growth over at least 10 years, positive momentum, and quality characteristics. The fund employs a smart beta, equal-weighted strategy focused on dividend-paying small-cap companies across diversified sectors including utilities, REITs, financials, and healthcare; top holdings have historically included firms such as Agree Realty Corp (ADC), Spire Inc (SR), and Cogent Communications Holdings Inc (CCOI). Launched on June 13, 2019, and listed on NYSE Arca, KSCD targets institutional and retail investors seeking enhanced income and growth from reliable dividend payers within the U.S. small-cap market.
KSCD operates as part of the KraneShares Trust, advised by Krane Funds Advisors, LLC (KFA), with headquarters in New York, New York, at 280 Park Avenue, 32nd Floor; KFA also maintains offices in San Francisco, California, and London, United Kingdom. The ETF provides daily liquidity, qualified dividend distributions, and a focus on long-term sustainable growth through transparent holdings and performance reporting.
In a significant operational change, KraneShares Trust announced the closure and liquidation of KSCD in January 2023, with trading ceasing on February 1, 2023, and final cash distributions completed around February 10, 2023, due to low assets under management. No recent partnerships, acquisitions, funding rounds, or new product launches related to KSCD have been reported post-liquidation, as the fund is no longer active; KFA continues to offer other high-conviction ETFs under the KraneShares umbrella, distributed by SEI Investments Distribution Company.