- What are the top holdings of KMLM?
- KraneShares Mount Lucas Managed Futures Index Strategy ETF holds 0 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does KMLM have?
- KMLM holds 0 positions as reported by the fund's most recent disclosure.
- What sectors does KMLM invest in?
- KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is KMLM most exposed to?
- KMLM's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is KMLM a US-only fund?
- The country allocation card on this page shows KMLM's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- 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.
