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KPRO

GradeFNew York Stock Exchange Arca

KraneShares 100% KWEB Defined Outcome January 2027 ETF

Floor Protected · KraneShares · Inception 2024-02-07 · SEC filings

$26.53+0.00 (+0.00%)

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

History starts Feb 8, 2024.
Intraday session: flat, 2 prints from 26.53 to 26.53. Range 26.40 to 26.53. Use the arrow keys to read each point.$26.40$26.45$26.5010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$3M
1Y return
−7.1%
Yield · Last 12 months
9.63%
Holdings
4
Volume · 30D
0M sh
NAV per share
$26.45
52W range
low $26.24high $31.35

The ETF.net KPRO Grade

F

23/ 100

Rank 21 of 24 in Other Floor Protected⁠

Confidence Medium

Six-pillar profile for KPRO. Scores out of 100: Cost 0, Risk 38, Mission not scored, Tradability 45, Holdings 34, Durability 57. Strongest: Durability (57). Weakest: Cost (0). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 23 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned23This cap took−0Published score23 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank24/24 · bottom quartile

  • 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.
    DScore 38
    Category rank15/23 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank16/24 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank9/10 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank10/24 · top 42%

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

Our read on KPRO

ETF.net Research

FBuffered ETFs almost always wrap the S&P 500. KPRO points the same machinery at China internet stocks, tracking that basket's price move to a January 2027 finish line with a 100% downside buffer and a capped upside.

Stated mandate

KPRO seeks to match the price return of KWEB during its defined outcome period, subject to a 20.01% cap and a 100% downside buffer.

Why people hold it

  1. 01The buffer is the full 100%, not a 9% or 15% slice. Held from the start of the outcome period to its January 2027 end, the structure is built to absorb reference-price losses, before fees.kraneshares.com
  2. 02Defined-outcome wrappers cluster around US large caps and small caps. A stated cap and floor bolted onto a China internet basket is a genuinely unusual thing to find in this corner of the market.
  3. 03One decision, one date. The cap and buffer are fixed for the outcome period, so there is no monthly reset or option roll to babysit.kraneshares.com

Worth knowing

  1. 01It charges 1.00% a year, above the typical fee among protected-outcome funds, and that comes out of a return that is capped on the upside by design.
  2. 02The mandate follows KWEB's price return, so dividends and distributions from the underlying basket are not part of the payoff.kraneshares.com
  3. 03Small and thinly traded, so spreads can widen. Sell mid-period and you get whatever the options package is worth that day, not the stated outcome.

KPRO Holdings

As of Sep 21, 2026, 3:50 AM
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
KWEB81.3%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001KWEBKraneShares CSI China Internet ETF81.35%108,100$3M8
002—2KWEB US 01/15/27 P30.5418.76%1,081$619K1
003—Cash0.12%4,121$4K104

Showing 1–3 of 3 holdings

KPRO Performance

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

KPRO$9,292
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. KPRO $9,292. SPY $11,723. Use the arrow keys to read each point.$9,015$10,490$11,965Sep 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 KPRO. Periods over one year show the average yearly return.
PeriodKPRO
Year to date−6.4%
1 month−1.0%
3 months−0.3%
1 year−7.1%
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 KPRO
YearReturn barKPRO
2026 YTD−6.4%
2025+14.6%
2024+12.7%

History from Feb 8, 2024

KPRO in the news

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

KPRO 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.
9.63%Last 12 months
Payout per share
$2.55Last 12 months
Last payment
$2.55 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 30, 2024 $1.00; Dec 30, 2025 $2.55. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$2.55
Dec 30, 2024Dec 31, 2024$1.00

KPRO Risk

How much the fund’s monthly returns vary, scaled to a year.
6.7%
Annualised · 30 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.
0.49
vs 3-month T-bills · 30 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.
−8.9%
31 months · trough Sep 2026
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.
0.12
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.

KPRO Cost

Expense ratio1.00%
  • The middle half of Other Floor Protected funds
  • Median 0.79%

Every other Other Floor Protected fund charges less.

KPRO costs $100.00 a year on $10,000. The median Other Floor Protected fund costs $79.50.