KMLM: KFA Mount Lucas Index Strategy ETF - MutualFunds.com
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KFA Mount Lucas Strategy ETF

KMLM - Snapshot

Vitals

  • YTD Return 8.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $27.8 M
  • Holdings in Top 10 80.4%

52 WEEK LOW AND HIGH

$28.38
$25.09
$28.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
    Managed Futures
  • Fund Type Exchange Traded Fund
  • Investment Style Managed Futures

Compare KMLM to Popular Managed Futures Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

AQR Managed Futures Strategy Fund

Fund

$8.25

+0.61%

$1.97 B

5.08%

$0.42

5.10%

1.21%

AlphaSimplex Managed Futures Strategy Fund

Fund

$10.98

+0.92%

$1.34 B

3.22%

$0.35

6.81%

1.53%

American Beacon AHL Managed Futures Strategy Fund

Fund

$11.34

+0.62%

$1.18 B

2.78%

$0.31

7.39%

1.94%

LoCorr Macro Strategies Fund

Fund

$8.81

-0.34%

$1.17 B

4.40%

$0.39

3.28%

2.16%

Abbey Capital Futures Strategy Fund

Fund

$12.26

+0.74%

$941.38 M

1.47%

$0.18

5.96%

1.90%

KMLM - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    KFA Mount Lucas Index Strategy ETF
  • Fund Family Name
    KraneShares
  • Inception Date
    Dec 01, 2020
  • Shares Outstanding
    1050102
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gerald Prior

Fund Description

The fund seeks to achieve its goal by investing under normal circumstances in commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges that are the same as or similar to those included in the index and debt instruments. The index is a modified version of the MLM Index, which is an index constructed of a portfolio of commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges using a trend following methodology. It is non-diversified.

KMLM - Performance

Return Ranking - Trailing

Period KMLM Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -3.3% 11.7% 6.12%
1 Yr N/A -23.8% 25.2% N/A
3 Yr N/A* -8.9% 7.4% N/A
5 Yr N/A* -6.6% 8.7% N/A
10 Yr N/A* -2.6% 4.7% N/A

* Annualized

Return Ranking - Calendar

Period KMLM Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -16.4% 12.9% N/A
2019 N/A -9.3% 17.5% N/A
2018 N/A -25.8% 2.2% N/A
2017 N/A -5.1% 21.0% N/A
2016 N/A -20.3% 8.1% N/A

Total Return Ranking - Trailing

Period KMLM Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -3.3% 11.7% 6.12%
1 Yr N/A -27.6% 25.2% N/A
3 Yr N/A* -10.3% 5.3% N/A
5 Yr N/A* -6.6% 7.4% N/A
10 Yr N/A* -2.6% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period KMLM Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -16.4% 12.9% N/A
2019 N/A -9.3% 17.5% N/A
2018 N/A -20.3% 2.5% N/A
2017 N/A -5.1% 21.0% N/A
2016 N/A -20.3% 10.8% N/A

KMLM - Holdings

Concentration Analysis

KMLM Category Low Category High KMLM % Rank
Net Assets 27.8 M 2.09 M 1.97 B 69.39%
Number of Holdings 21 3 806 87.76%
Net Assets in Top 10 20.5 M -18.8 M 2.04 B 65.31%
Weighting of Top 10 80.38% 18.9% 95.0% 33.33%

Top 10 Holdings

  1. Schwab Short-Term US Treasury ETF™ 40.97%
  2. Future on 10 Year Japanese Government Bond 13.59%
  3. Future on 10 Year Japanese Government Bond 13.59%
  4. Future on 10 Year Japanese Government Bond 13.59%
  5. Future on 10 Year Japanese Government Bond 13.59%
  6. Future on 10 Year Japanese Government Bond 13.59%
  7. Future on 10 Year Japanese Government Bond 13.59%
  8. Future on 10 Year Japanese Government Bond 13.59%
  9. Future on 10 Year Japanese Government Bond 13.59%
  10. Future on 10 Year Japanese Government Bond 13.59%

Asset Allocation

Weighting Return Low Return High KMLM % Rank
Cash 		61.63% -735.41% 1796.70% 34.69%
Bonds 		38.37% -1748.87% 772.87% 37.76%
Stocks 		0.00% -0.78% 60.54% 82.65%
Preferred Stocks 		0.00% 0.00% 0.14% 65.31%
Other 		0.00% -2.72% 67.21% 91.84%
Convertible Bonds 		0.00% 0.00% 3.34% 70.41%

Bond Sector Breakdown

Weighting Return Low Return High KMLM % Rank
Government 		49.05% 0.00% 74.40% 18.37%
Derivative 		41.48% 0.00% 67.78% 11.22%
Cash & Equivalents 		9.47% 1.04% 100.00% 81.63%
Securitized 		0.00% 0.00% 70.06% 70.41%
Corporate 		0.00% 0.00% 27.36% 71.43%
Municipal 		0.00% 0.00% 7.85% 66.33%

Bond Geographic Breakdown

Weighting Return Low Return High KMLM % Rank
US 		37.87% -1748.87% 158.57% 25.51%
Non US 		0.50% 0.00% 658.37% 53.06%

KMLM - Expenses

Operational Fees

KMLM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.75% 9.89% N/A
Management Fee 0.89% 0.65% 2.99% 8.16%
12b-1 Fee 0.00% 0.00% 1.00% 12.50%
Administrative Fee N/A 0.09% 0.45% N/A

Sales Fees

KMLM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

KMLM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KMLM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 198.00% N/A

KMLM - Distributions

Dividend Yield Analysis

KMLM Category Low Category High KMLM % Rank
Dividend Yield 0.00% 0.00% 0.06% 61.22%

Dividend Distribution Analysis

KMLM Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

KMLM Category Low Category High KMLM % Rank
Net Income Ratio N/A -2.10% 2.02% N/A

Capital Gain Distribution Analysis

KMLM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

KMLM - Fund Manager Analysis

Managers

Gerald Prior

Start Date

Tenure

Tenure Rank

Dec 01, 2020

0.17

0.2%

Gerald L. Prior, III is Chief Operating Officer and Portfolio Manager of Mount Lucas Management LP and a Manager of its General Partner, MLM LLC. Mr. Prior joined the predecessor to Mount Lucas Management LP (Mount Lucas Management Corp.) in 1997. He served as portfolio manager for MLM Index™, for MLM Symmetry™ and for custom quantitative derivative products. Previously, he was responsible for maintaining the firm’s investment technology infrastructure and for conducting extensive portfolio research using futures modelling.

David Aspell

Start Date

Tenure

Tenure Rank

Dec 01, 2020

0.17

0.2%

Mr. David Aspell serves as Portfolio Manager at Mount Lucas Management. David joined Mount Lucas in 2011 as the firm's Chief Risk Officer. Prior to joining Mount Lucas, David spent approximately 6 years at Man Group as a Senior Risk Manager, working in London, New York and Chicago. He holds a Masters degree from Nottingham University.

Timothy Rudderow

Start Date

Tenure

Tenure Rank

Dec 01, 2020

0.17

0.2%

Mr. Timothy Rudderow is the Co-Founder and serves as Chief Executive Officer, President and Chief Investment Officer at Mount Lucas Management. Tim co-founded Mount Lucas in 1986 and is the firm's president, overseeing all of its activities. He has been in the investment business since the late 1970s, when he worked at Commodities Corporation with the late Frank Vannerson, another co-founder of Mount Lucas. Tim specializes in the design and management of technical trading systems applied to the futures, equity, and fixed income markets. He holds a B.A. in Mathematics from Rutgers University and an M.B.A. in Management Analysis from Drexel University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 13.93 5.33 3.76

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