KraneShares Hedgeye Hedged Equity Index ETF (KSPY)

The KraneShares Hedgeye Hedged Equity Index ETF seeks to track an index developed with Hedgeye Risk Management, an independent investment research firm. The strategy centers on large-cap U.S. stocks, broadly represented by the S&P 500, combined with an options overlay designed to reduce the impact of market declines.

The hedging component is intended to cushion portfolio drawdowns while still allowing meaningful participation in rising markets, with option positions adjusted according to the index rules. The fund is sponsored by KraneShares and trades on NYSE Arca under the ticker KSPY.