KBUF is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with KraneShares 90% KWEB Defined Outcome January 2027 ETF. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.

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Under typical market conditions, the fund commits a significant portion—at least 80%—of its overall assets (including any capital secured through borrowing for investment) to investments in the KraneShares CSI China Internet ETF, which is referred to as the “Underlying ETF.” Its strategy also involves various options, notably FLexible EXchange Options (“FLEX options”), all of which are linked to the performance of this Underlying ETF. It's important to understand that this fund operates as a non-diversified investment.

For investors and advisors looking for a safe haven to navigate geopolitical uncertainty, defined outcome ETFs have emerged as a viable choice. Generally speaking, defined outcome ETFs are used to provide asset class exposure while mitigating volatility.

KraneShares announced in a press release today the new caps as well as an extension of the buffer periods and new names for its defined outcome ETFs. The firm attributed the choice to extend the period covered and subsequent cap and name changes to ongoing momentum for China internet stocks.

NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Today, Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs) announced new Caps, Buffer periods, and name changes for the KPRO and KBUF 100% and 90% Buffer ETFs. KPRO is now the KraneShares 100% KWEB Defined Outcome January 2027 ETF (Ticker: KPRO), formerly Defined Outcome January 2026, and KBUF is now the KraneShares 90% KWEB Defined Outcome January 2027 ETF (Ticker: KBUF), also formerly Defined Outcome January 2026.

KraneShares has launched two new ETFs related to its flagship strategy, the KraneShares CSI China Internet ETF (KWEB). The pair take defined outcome approaches to KWEB.