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KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)
About this ETF
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…
Price
Top 10 holdings
| Cash | 34.34% |
| B 07/21/26 | 15.67% |
| B 09/01/26 | 15.61% |
| B 08/25/26 | 14.06% |
| B 07/30/26 | 12.53% |
| B 08/18/26 | 7.82% |
| BRITISH STERLING POUND | 0.05% |
| JAPANESE YEN | 0.03% |
| LONG GILT FUTURE SEP26 | 0.00% |
| GOLD 100 OZ FUTR AUG26 | 0.00% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | +0.60% |
| 3 months | +2.03% |
| 6 months | +9.46% |
| Year to date | +10.56% |
| 1 year | +7.45% |
| 3 years (ann.) | -2.69% |
| 5 years (ann.) | -0.30% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 12.21% |
| Sharpe (1y) | 0.65 |
| Sharpe (3y) | -0.18 |
| Sortino (1y) | 0.82 |
| Max drawdown (1y) | -9.61% |
| Max drawdown (5y) | -36.50% |
| Max drawdown (full) | -36.50% |
| Beta vs S&P 500 (1y) | -0.10 |
| Correlation vs S&P 500 (1y) | -0.10 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-22 | 2025-12-23 | USD 1.3035 |
| 2024-12-17 | 2024-12-18 | USD 0.2301 |
| 2022-12-28 | 2022-12-30 | USD 4.0377 |
| 2021-12-29 | 2021-12-31 | USD 1.8381 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |
