KraneSharesSystematic TrendKMLM · NYSE Arca

KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)

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Price: $31.01; —11 Sept 2026
Assets: $412.6M; Total net assets
Expense ratio: 0.90%; Category 1.78%
Yield: 4.38%; Trailing distributions

1Y return: 21.5%+2.8%; Category 18.7%
3Y CAGR: 0.6%-7.1%; Category 7.8%
5Y CAGR: 6.1%-0.9%; Category 7.0%

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KraneShares Mount Lucas Managed Futures Index Strategy ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+7.3%	+10.3%	+11.2%	+19.5%	+21.5%	+0.6%	+6.1%	—	+7.4%
Systematic Trend average	4.2%	5.2%	6.2%	14.7%	18.7%	7.8%	7.0%	3.5%	9.3%
Difference	+3.1%	+5.1%	+5.0%	+4.8%	+2.8%	-7.1%	-0.9%	—	-2.0%

Holdings

The 1 largest positions make up 54.3% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGBLM26	Euro Bund Future June 26	54.27%

Asset mix

What the fund is invested in.

Cash295.5%
Other11.7%

ETF details

Issuer: KraneShares
Category: Alternatives · Systematic Trend
Ticker: KMLM
Exchange: NYSE Arca
Inception: 1 Dec 2020 (5.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.90% (category 1.78%)
Holdings turnover: 251% (category 108%)
Distribution yield: 4.38%
Beta, 3 years: -0.28
Total net assets: $412.6M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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