Kraneshares China Internet And Covered Call Strategy ETF (KLIP)

[Scotttrader80]

KLIPs distribution calendar https://kraneshares.com/klip/#distributions

[Scotttrader80]

KraneShares, a leading global ETF provider specializing in China, climate, and uncorrelated assets, today announced a monthly distribution for the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP) in the amount of $0.527163 per share, representing a Monthly Distribution* of 3.51% and a current Distribution Rate** of 44.08%.

[pagello]

It looks kind of ominous - ,
I just bought some on a lark for the monthly dividend. I got 0.83 I believe, but China in general looks to be having major problems with commercial real estate and companies leaving. It looks like a slow downturn with the possibility of a major Black Swan event that could be catastrophic.

https://apnews.com/article/china-evergrande-trading-property-kong-hui-944c672c21a1c43bfb38567989d38c6e

https://www.cnn.com/2023/07/07/tech/jack-ma-ant-group-fine/index.html#:~:text=China's%20top%20financial%20regulators%20have,consumer%20protection%20and%20corporate%20governance.

https://www.cnbc.com/2023/03/21/vanguard-prepares-to-exit-china-funds-market-sources-say.html

[nowwhat2]

Something to consider perhaps.....I dunno........What say you ?





This being LAST NIGHTS' action ;






.

[pagello]

Lol, that was quick. Yes, the article I read when looking into it said essentially the same as you. I was curious how quickly It would drop.

[Scotttrader80]

Like most ETF's the monthly dividend changes. Septembers dividend is .83 cents. If they follow the pattern the dividend will be less towards the end of the year.

[pagello]

KLIP- so like, this has a 55% monthly dividend...what! So like, how much dough can I pull in before it drops to 2%?

[pagello]

https://kraneshares.com/klip/

[pagello]

https://finviz.com/quote.ashx?t=KLIP&ty=c&ta=1&p=d