KraneShares KWEB Covered Call Strategy ETF (KLIP)

KraneShares KWEB Covered Call Strategy ETF (KLIP) is an exchange-traded fund in the Derivative Income category. It has $99.32M in assets, an expense ratio of 0.95% and a 17.41% dividend yield. Under normal circumstances, the fund invests at least 80% of its net assets in the component securities of the CSI Overseas China Internet Index or in instruments that have economic characteristics similar to those in the index and writes covered call options on the index or in instruments that have economic characteristics similar to writing covered call options on the index. Currently, the adviser intends to invest in KraneShares CSI China Internet ETF (“underlying fund”) and to write (sell)…