KSPY

KraneShares Hedgeye Hedged Equity Index ETF

$28.72

+0.00%

Market closed. Last update: 12:25 PM ET

📎 Investment Objective

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Hedgeye Hedged Equity Index.

Overview

ETF tracking KraneShares Hedgeye Hedged Equity Index ETF

Category Alternative

Issuer Other

Inception Date 2024-07-16

Market Cap $31.6M

Average Volume N/A

Dividend Yield 1.17%

52-Week Range $23.42 - $29.08

VWAP $28.74

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Hedgeye Hedged Equity Index.

🎯 Investment Strategy

The ETF uses a rules-based approach to invest in U.S. equities and employ a hedging strategy to mitigate downside risk. The fund's holdings are rebalanced monthly to maintain the desired equity exposure and hedge.

✨ Key Features

Seeks to provide exposure to U.S. equities with a hedging strategy to reduce downside risk
Uses a quantitative, rules-based approach to portfolio construction and rebalancing
Aims to generate returns that correspond to the Hedgeye Hedged Equity Index
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The value of the fund's holdings may decline due to general market conditions
Hedging risk: The hedging strategy may not be effective in protecting the portfolio from losses
Tracking error risk: The fund may not perfectly track the performance of its underlying index
Liquidity risk: The fund may have difficulty trading certain securities at an advantageous time or price

👤 Best For

This ETF may be suitable for investors seeking exposure to U.S. equities with a hedging strategy to help mitigate downside risk. It may be appropriate for investors with a moderate to high risk tolerance who are looking for a diversified, rules-based approach to equity investing.