# KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) — Overview

KMLM · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/kmlm

## Price

Last close $30.84 on Oct 15, 2026. 52-week range $25.78 – $31.42.

## Fund profile

KMLM aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility.

| Metric | Value |
| --- | --- |
| Issuer | Krane Funds Advisors, LLC |
| Industry | — |
| Inception | Dec 1, 2020 |
| Assets under management | $587.0M |
| Expense ratio | 0.90% |
| Net asset value | $31.30 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)?

KMLM aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility.

### What is KMLM's expense ratio?

KraneShares Mount Lucas Managed Futures Index Strategy ETF charges an annual expense ratio of 0.90%. The fund is issued by Krane Funds Advisors, LLC.

### How large is KMLM?

KraneShares Mount Lucas Managed Futures Index Strategy ETF manages $587.0M in assets and has traded since Dec 1, 2020.

### How do I buy shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)?

KMLM trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).