KMLI ETF — KraneShares 2x Long MELI Daily ETF

KraneShares 2x Long MELI Daily ETF (KMLI)

Updated October 16, 2026.

KMLI is an ETF linked to MercadoLibre (MELI). its distribution rate is 0.17%, its trailing-12-month yield is 16.31%, its expense ratio is 1.26%. Dividend Vision Distribution Safety Score™ is 36/100 (Unproven). Total return is -59.6% over the past 1.3 years, 37.0 points behind MELI at -22.6%.

This ETF seeks to deliver twice the daily performance of MercadoLibre stock through leverage, using swaps, options, and other financial instruments to amplify exposure to the underlying security. The fund carries a modest distribution rate paid annually and a 1.26% expense ratio. It appeals to experienced traders seeking short-term leveraged equity exposure rather than buy-and-hold income investors, and is suitable only for those who understand that leveraged daily-reset strategies can produce returns that diverge significantly from the underlying stock's longer-term performance.

KMLI performance versus MELI

Price and return data through 2026-10-16.

Total return is -59.6% over the past 1.3 years, 37.0 points behind MELI at -22.6%. Its deepest 1-year drawdown was 64.1%.

KMLI key facts

Distribution Safety Score™

36 · Unproven

Issuer

KraneShares

Asset type

ETF

Asset class

Equity

Inception date

04/04/2025

Expense ratio

1.26%

Distribution rate

0.17%

Distribution frequency

Annual

Trailing yield

16.31%

Last close

$8.99 (as of 2026-10-16)

AUM

$5,997,471

Average volume

30500.0

Dividend

$0.015

Ex-dividend date

12/30/2025

Payment date

12/31/2025

How Dividend Vision calculates yield and returns

Distribution rate (0.17%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (16.31%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: KraneShares; Index: MercadoLibre (MELI); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

KMLI risks and drawbacks

KMLI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed MELI over the available window. The deepest 1-year drawdown on record here is 64.1%.

Who may consider KMLI — and who may not

It is a weaker fit for investors who need monthly cash flow (KMLI pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching MELI total return. This is educational context, not a recommendation to buy or sell.

More on KMLI

• All tickers starting with K

Tagged: Leverage.

Frequently asked questions

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