KMLI ETF — KraneShares 2x Long MELI Daily ETF

KraneShares 2x Long MELI Daily ETF (KMLI)

KMLI is an ETF that tracks the MercadoLibre (MELI). As of August 25, 2026, its distribution rate is 0.14%, its trailing-12-month yield is 13.89%, its expense ratio is 1.26%. Dividend Vision Distribution Safety Score™ is 36/100 (Elevated risk). Fund total return is -52.5% over the past 1.2 years, 34.7 points behind MELI at -17.8%.

At the current 0.14% distribution rate, a $10,000 investment would generate approximately $14 per year, or $1.17 per month on an equivalent basis. Actual annual payments vary.

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

Data as of August 25, 2026.

Fund total return is -52.5% over the past 1.2 years, 34.7 points behind MELI at -17.8%. Its deepest 1-year drawdown was 69.5%.

KMLI key facts

Data as of August 25, 2026.

Distribution Safety Score™

36 · Elevated risk

Issuer

KraneShares

Asset type

ETF

Asset class

Equity

Inception date

04/04/2025

Expense ratio

1.26%

Distribution rate

0.14%

Distribution frequency

Annual

Trailing yield

13.89%

Last close

$10.57

AUM

$9,518,418

Average volume

69865.0

Last dividend

$0.0150

Ex-dividend date

12/30/2025

Payment date

12/31/2025

P/E ratio

52.0024

How Dividend Vision calculates yield and returns

Distribution rate (0.14%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (13.89%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 25, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 25, 2026.

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 69.5%.

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.

Frequently asked questions

More funds from KraneShares.