KraneShares Global Luxury Index ETF (KLXY) Research

The KraneShares Global Luxury Index ETF (KLXY) endeavors to mirror the performance of a worldwide index that invests in companies within the high-end consumer sector across developed economies. This encompasses businesses involved in upscale travel and leisure, premium apparel and goods, and other related luxury industries. To qualify for inclusion, prospective securities undergo an initial screening process evaluating minimum size, trading liquidity, and country of listing. Subsequently, the top 25 eligible securities are selected based on their market capitalization. The index employs a modified market-capitalization weighting methodology, where the five largest constituents receive higher allocations. The single largest holding is capped at 10%, with the remaining top securities receiving progressively reduced weights. Other constituents are individually capped at a maximum of 4.5%. While the fund primarily seeks investments in the United States, a significant portion—at least 40% of its assets—is mandated for foreign entities, international markets, or companies with substantial non-U.S. business activities. The index undergoes semi-annual rebalancing and annual reconstitution.

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