KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ)

The KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) is a passively managed fund from Krane Funds Advisors, developed with InspereX. It seeks to track an index that combines exposure to the Nasdaq-100 with an options strategy designed for income and partial downside buffering.

The index methodology uses options on the Nasdaq-100 to generate premium income while also structuring positions to cushion part of the losses in market declines. The dynamic element refers to rules that adjust the option positions over time in response to market conditions.

The approach trades some of the upside of the large-cap growth companies in the Nasdaq-100 for a regular income stream and a degree of downside protection.