KMLM
KFA Mount Lucas Managed Futures Index Strategy ETF
KMLM aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility.
Asset Allocation
MULTI
Active
MANAGEMENT STYLE
188.3 M
ASSETS UNDER MGMT
90 bp
EXPENSES
Fund Basics
| Fund sponsor | CICC |
| Category | Asset Allocation |
| Asset class | Multi |
| Website | link... |
| Inception date | Feb 12, 2020 |
| Assets (mns) | $190 |
| Expense ratio | 90 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.1% | -9.6% | -7.0% | -8.8% | -- | -- | -- | 1.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 2.3% | -- | -- | -- | 3.2% |
| Total Returns | -6.1% | -9.6% | -7.0% | -6.5% | -- | -- | -- | 4.3% | Ann. Volatility | 10.4% | 10.5% | 11.2% | 14.2% | -- | -- | -- | 15.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.48 | 37% |
| MSCI EAFE | -0.47 | 38% |
| MSCI Emg Mkts | -0.41 | 31% |
Liquidity Measures
| Avg. volume (000) | 56 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| Recent close | $26.34 |
| 30d moving avg. | $26.27 |
| Annualized volatility | 12.5% |
| Relative strength (RSI) | 50 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Asset Allocation Multi ETFs |
| # of ETFs | 68 |
| Avg. Expense Ratio | 87.7 bp |
| Std. Deviation | 54.3 bp |
| KMLM (90 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KMLM | 90.0 | 35.1 | 125.1 |
| Peer Avg. | 86.8 | 71.8 | 158.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .