KBAB – KraneShares 2x Long BABA Daily ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the underlying stock and financial instruments, such as swap agreements and options, that, in combination, provide investment exposure to 2 times (200%) the performance of the underlying stock. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
KBAB	KraneShares 2x Long BABA Daily ETF	ETF	Open	—	—	Mar 7, 2025	$2.45M	0.990%	—	—	$2.73M

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