KMLM ETF — KFA Mount Lucas Index Strategy ETF

KFA Mount Lucas Index Strategy ETF (KMLM)

KMLM is an ETF that tracks the KFA MLM Index (commodity, currency, and global bond futures). As of August 19, 2026, its distribution rate is 4.44%, its trailing-12-month yield is 4.44%, its expense ratio is 0.90%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 42.7% over the past 5.7 years, 83.6 points behind SPY at 126.3%.

At the current 4.44% distribution rate, a $10,000 investment would generate approximately $444 per year, or $37.00 per month on an equivalent basis. Actual annual payments vary.

KMLM performance versus SPY

Data as of August 19, 2026.

Fund total return is 42.7% over the past 5.7 years, 83.6 points behind SPY at 126.3%. Its deepest 1-year drawdown was 9.6%.

KMLM key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

KraneShares

Asset type

ETF

Asset class

Alternatives

Inception date

12/02/2020

Expense ratio

0.90%

Distribution rate

4.44%

Distribution frequency

Annual

Trailing yield

4.44%

Last close

$29.36

AUM

$389,358,652

Average volume

218047.0

Last dividend

$1.3030

Ex-dividend date

12/22/2025

Payment date

12/23/2025

Beta

-0.29

P/E ratio

10.964

How Dividend Vision calculates yield and returns

Distribution rate (4.44%) 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 (4.44%) 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 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: KraneShares fund page; Index: KFA MLM Index (commodity, currency, and global bond futures); 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.

KMLM risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.6%.

Who may consider KMLM — and who may not

KMLM may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (KMLM pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from KraneShares.