KraneShares Wahed Alternative Income Index ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jun 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About KWIN
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its Underlying Index or in instruments that have economic characteristics similar to those in the Underlying Index. The Underlying Index is designed to produce income which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by Wahed Invest LLC (the “Sub-Adviser”). The Underlying Index consists of long positions in U.S. equity securities, the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by the Sub-Adviser (“Shariah-compliant companies”). The Underlying Index’s long positions in U.S. equity securities will be equal-weighted at each rebalancing. TheUnderlying Index uses a business activity screen and financial ratio screen to determine if a company is a Shariah-compliant company.The business activity screen excludes companies based on their industry classification, where such classification indicates a company’sprimary involvement in non-permissible activities (as described below). The financial ratio screen excludes companies that do not meeta financial leverage ratio requirement. Non-permissibleactivities include companies involved in conventional financial services (e.g., banks, conventional insurance companies and entitiesprimarily engaged in interest-based financing and lending), alcohol, pork-related products, tobacco, gambling and gaming, weapons andarms manufacturing, adult entertainment and media or entertainment sectors generally deemed inconsistent with Islamic values. In additionto the business activity screen discussed above, the Underlying Index also excludes a company from inclusion in the Underlying Indexif such company derives 5% or more of total revenue from non-permissible activities, or where, in the Sub-Adviser’s assessment,business practices are inconsistent with Islamic values and ethical principles. The Underlying Index also excludes dividend-paying stocksfrom inclusion in the Underlying Index. TheUnderlying Index will create synthetic short positions in those same long positions in approximately a 1:1 to ratio through the use ofoptions, including Flexible Exchange® Options (“FLEX options”). This will be done by selling a call optionand buying a put option on the long positions to create the synthetic short position while also generating option income, which willbe the difference in the amount received for the call option and the price paid for the put option. FLEX options are exchange-tradedoptions contracts with uniquely customizable terms like exercise price, style, and expiration date. TheSub-Adviser will review the Underlying Index methodology and, at its discretion, certain related constituent securities on a periodicbasis to ensure that the Fund is investing in securities of Shariah-compliant companies and generating Shariah-compliant income. TheSub-Adviser will oversee the Shariah compliance of the Underlying Index constituents and methodology by reviewing the Shariah-compliantscreening rules described above. TheFund may invest up to 20% of its assets in instruments that are not included in the Underlying Index which will be compatible with Shariahinvestment principles, but that the Fund’s adviser, Krane Funds Advisors, LLC (“Krane” or “Adviser”), believeswill help the Fund track the Underlying Index. These investments may include equity securities and depositary receipts of issuers whosesecurities are not constituents of the Underlying Index, derivative instruments (including options), other investment companies (includingexchange traded funds (“ETFs”)) and cash or cash equivalents. Certain other investment companies in which the Fund may investmay be advised, sponsored or otherwise serviced by Krane and/or its affiliates. Uninvested monies will be held in non-interest-bearingaccounts. Althoughthe Fund expects to replicate (or hold all constituents of) the Underlying Index, the Fund reserves the right to use a representativesampling strategy to track the Underlying Index. “Representative sampling” is a strategy that involves investing in a representativesample of securities that collectively have an investment profile similar to that of the Underlying Index. As of March 31, 2026, the Underlying Index included 25 securities of companies with a market capitalization range of approximately $9.8 billion to $2.2 trillion and an average market capitalization of approximately $224 billion. The Fund is non-diversified. To the extent the Underlying Index is concentrated in a particular industry, the Fund is expected to be concentrated in that industry. As of March 31, 2026, issuers in the Information Technology sector (63.4%) and Consumer Discretionary sector (19.8%) represented significant portions of the Underlying Index. The Underlying Index is provided by MerQube. The Underlying Index is rebalanced and reconstituted quarterly.
Data for KWIN is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.