# KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/kmlm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: KraneShares · Asset class: Equity - Strategy: Actively Managed · Inception: 2020-12-01 The KMLM fund strives for overall capital appreciation by strategically employing both long and short positions, informed by daily trading signals, across futures contracts in commodities, currencies, and global fixed income. For tax efficiency, KMLM accesses futures markets through a wholly-owned subsidiary situated in the Cayman Islands, rather than holding the contracts directly. Annually, an index committee selects 22 distinct futures contracts from these three broad asset categories. The weighting assigned to each of the three categories is determined by their historical volatility, wi... ## Key Facts | Metric | Value | |---|---| | Price | $30.79 | | Expense Ratio | 0.90% | | Assets Under Management | $594.7M | | NAV | $30.74 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.23% | | Annual Distribution (TTM) | $1.30 /share | | Distribution Frequency | Annual | | 52-Week Range | $25.77 – $31.74 | | Beta | -0.26 | ## Latest Distribution - Amount: $1.3035 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-23 ## Frequently Asked Questions ### What does KMLM invest in? The KMLM fund strives for overall capital appreciation by strategically employing both long and short positions, informed by daily trading signals, across futures contracts in commodities, currencies, and global fixed income. For tax efficiency, KMLM accesses futures markets through a wholly-owned subsidiary situated in the Cayman Islands, rather than holding the contracts directly. Annually, an index committee selects 22 distinct futures contracts from these three broad asset categories. The weighting assigned to each of the three categories is determined by their historical volatility, with all contracts within a chosen category being equally weighted. The portfolio is rebalanced on a monthly basis, and contracts are rolled over on a market-specific schedule as they approach expiration. The fund also has the discretion to invest in instruments not part of the index, including equities or various derivatives such as swaps, forwards, structured notes, and options. Historically, the fund was actively managed before April 1, 2022, and was known as the KFA Mount Lucas Index Strategy ETF until November 10, 2022. A future rebranding is scheduled for August 1, 2024, at which point "KFA" will be replaced by "KraneShares" in the fund's name. ### What is the expense ratio of KMLM? KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is KMLM? KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) manages $594.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is KMLM actively managed or an index fund? KMLM is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (KMLM's is 0.90%) in exchange for the discretion to over- or under-weight positions. ### When was KMLM launched? KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) launched in December 2020 and is managed by KraneShares. ### How has KMLM performed? KMLM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does KMLM pay a dividend? KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) currently distributes little or no income. Trailing-twelve-month yield is 4.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does KMLM pay dividends? KraneShares Mount Lucas Managed Futures Index Strategy ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is KMLM's dividend yield? KMLM's trailing-twelve-month yield is 4.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is KMLM's next ex-dividend date? The most recently announced ex-dividend date for KMLM was 2025-12-22. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will KMLM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.90% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does KMLM charge its expense ratio? The expense ratio is deducted in tiny daily slices from KMLM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does KMLM cost more than a fund like VOO? KMLM is actively managed (current expense ratio 0.90%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether KMLM's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to KMLM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as KMLM (0.90%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/kmlm - Distribution history: https://www.dividenddata.com/funds/kmlm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/kmlm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/kmlm/expenses - Peer comparison: https://www.dividenddata.com/funds/kmlm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.