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BUYO

GradeBNew York Stock Exchange Arca

KraneShares Man Buyout Beta Index ETF

Themes · KraneShares · Inception 2024-10-07

$32.55−0.09 (−0.29%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Oct 8, 2024.
Intraday session: up, 12 prints from 32.22 to 32.55. Range 32.22 to 32.64. Use the arrow keys to read each point.$32.20$32.30$32.40$32.60Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.89%
Fund size
$18M
1Y return
+20.1%
Yield · Last 12 months
0.01%
Holdings
305
Volume · 30D
0M sh
NAV per share
$32.52
52W range
low $25.63high $34.52

The ETF.net BUYO Grade

B

61/ 100

Rank 3 of 12 in Listed Private Markets⁠

Confidence Low

Six-pillar profile for BUYO. Scores out of 100: Cost 60, Risk 83, Mission not scored, Tradability 45, Holdings 76, Durability 29. Strongest: Risk (83). Weakest: Durability (29). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 60
    Category rank5/12 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 83
    Category rank2/12 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank8/12 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 76
    Category rank1/11 · top 9%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank11/12 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BUYO

ETF.net Research

BPrivate equity's playbook, run through public stocks. BUYO tracks a Man Group index that screens listed companies for the growth, profitability and value traits buyout funds hunt for, then holds roughly 300 of them in a plain ETF wrapper.

Stated mandate

The fund seeks to track the Man Buyout Beta Index, which provides exposure to public companies displaying characteristics associated with private-equity buyout investments.

Why people hold it

  1. 010.89% expense ratio, roughly half the median for listed private-markets ETFs and well under the 1.80% charged by the old guard of the group (PSP).
  2. 02Buyout-style exposure without private-fund plumbing: a systematic index of listed stocks, bought and sold like any other ETF share.kraneshares.com
  3. 03Roughly 300 names screened on growth, profitability and value, so the buyout tilt comes from a broad basket rather than a short list of alternative-asset managers.
  4. 04Ranks in the upper half of its listed private-markets peer group, helped by a diversified book and a risk profile milder than most ways to play this theme.

Worth knowing

  1. 01Small asset base and thin trading. Spreads and market impact can add to the cost of getting in and out, on top of the stated fee.
  2. 02Launched in October 2024, so the record covers only a short stretch of market weather. Less history to judge than most of its peers offer.
  3. 03Cheaper doors into the theme exist (GPZ at 0.40%, GTPE at 0.50%), though each tracks a different slice of the private-markets trade.

BUYO Holdings

As of Sep 21, 2026, 3:50 AM
Asset class
Stocks
Holdings
305
Top-10 weight
11%
Largest holding
NWSA1.7%

Sectors

  • Technology24.6%
  • Industrials20.7%
  • Health Care12.8%
  • Consumer Discr.11.4%
  • Financials10.3%
  • Materials7.7%
  • Communication5.8%
  • Cons. Staples3.9%
  • Utilities2.4%
  • Energy0.5%

Geography

  • United States93.08%
  • Bermuda1.83%
  • United Kingdom1.26%
  • Netherlands1.19%
  • Luxembourg0.95%
  • France0.42%
  • Jersey0.41%
  • Cayman Islands0.25%
  • Other countries (3)0.61%
The fund’s holdings, weight-ordered — page 1 of 22.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NWSANEWS CORP - CLASS A1.70%10,154$302K222
002EHCENCOMPASS HEALTH CORP1.36%1,989$242K169
003MTRNMATERION CORP1.17%827$208K139
004AMGAFFILIATED MANAGERS GROUP1.06%531$189K164
005ASANASANA INC - CL A1.04%19,449$185K67
006ATIATI Inc0.98%904$173K225
007MTCHMATCH GROUP INC0.98%4,005$173K189
008LFSTLIFESTANCE HEALTH GROUP INC0.97%13,691$172K119
009FTDRFRONTDOOR INC0.97%2,196$172K140
010TDOCTELADOC HEALTH INC0.96%27,077$171K88
011MORNMORNINGSTAR INC0.94%819$167K159
012TIGOMILLICOM INTL CELLULAR S.A.0.94%1,770$167K139
013ONTOONTO INNOVATION INC0.93%626$165K180
014AMRXAMNEAL PHARMACEUTICALS INC0.89%8,408$157K129
015AXSAXIS CAPITAL HOLDINGS LTD0.88%1,582$157K135

Showing 1–15 of 328 holdings

BUYO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BUYO$12,015
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BUYO $12,015. SPY $11,723. Use the arrow keys to read each point.$9,277$11,121$12,965Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BUYO. Periods over one year show the average yearly return.
PeriodBUYO
Year to date+17.4%
1 month−3.0%
3 months+0.3%
1 year+20.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BUYO
YearReturn barBUYO
2026 YTD+17.4%
2025+10.9%
2024+0.2%

History from Oct 8, 2024

BUYO in the news

ETF.net Research hasn’t filed on BUYO yet — coverage lands here as it’s written.

BUYO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.01%Last 12 months
Payout per share
$0.0034Last 12 months
Last payment
$0.0034 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 17, 2024 $0.01; Dec 22, 2025 $0.0034. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$0.0034
Dec 17, 2024Dec 18, 2024$0.01

BUYO Risk

How much the fund’s monthly returns vary, scaled to a year.
17.5%
Annualised · 22 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · 22 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.0%
23 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BUYO Cost

Expense ratio0.89%
  • The middle half of Listed Private Markets funds
  • Median 0.95%

4 of the 11 Listed Private Markets funds charge less.

BUYO costs $89.00 a year on $10,000. The median Listed Private Markets fund costs $95.00.