---
ticker: "KMLM"
name: "KraneShares Mount Lucas Managed Futures Index Strategy ETF"
url: "https://etf.net/etf/KMLM"
grade: "C"
score: 44
graded_at: "2026-10-12"
category: "Managed Futures"
category_rank: "10 of 16"
methodology: "https://etf.net/methodology"
---

# KMLM: KraneShares Mount Lucas Managed Futures Index Strategy ETF

Grade **C**, Score 44 of 100. Rank 10 of 16 in Managed Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 33 | 11 of 16 |
| Mission | Not scored | — |
| Risk | 36 | 11 of 15 |
| Tradability | 66 | 3 of 16 |
| Holdings | Not scored | — |
| Durability | 75 | 5 of 16 |

## Top holdings

The fund holds 10 positions. These are the largest 10, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash | 33.98% |
| 2 | — | B 10/29/26 | 13.75% |
| 3 | — | B 12/01/26 | 13.70% |
| 4 | — | B 11/03/26 | 12.89% |
| 5 | — | B 10/20/26 | 12.05% |
| 6 | — | B 11/17/26 | 12.01% |
| 7 | — | British Sterling Pound | 0.81% |
| 8 | — | Canadian Dollar | 0.34% |
| 9 | — | Japanese Yen | 0.25% |
| 10 | — | Euro | 0.22% |

Source: etf.net, https://etf.net/etf/KMLM. Please cite the page URL.