KFA Value Line Dynamic Dividend Equity Index ETF

KFA Value Line Dynamic Dividend Equity Index ETF (KVLE) tracks a Value Line index of large US stocks. The index picks and weights them using Value Line's Safety and Timeliness rankings, and it keeps the portfolio's yield at or above a set dividend target. It rebalances monthly and charges 0.56% a year, far more than the 0.03% of S&P 500 funds such as VOO. Its returns trailed the S&P 500 over one and five years through December 31, 2025.

• Over the year to Oct 27, 2026, KVLE returned +9.9%, 9th of 9 among similar funds.
• Its 5-year annualized return was +9.9%.
• Its worst full calendar year was 2022 (-6.0%); its best was 2024 (+18.4%).
• The deepest fall in its price history was 18.4% (Jan 4, 2022 to Oct 12, 2022), recovered by Jul 13, 2023.

As of Jun 30, 2026, the fund held 83 securities; the ten largest made up 29.56% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.88%, +3.50%, +9.04%.

KVLE is run by Krane Funds Advisors (KraneShares). It aims to track the Value Line Dynamic Dividend Equity Index, which is provided by EULAV Asset Management, an affiliate of the adviser. The index starts with the stocks Value Line ranks. It then removes companies worth less than $1 billion, investment funds, limited partnerships, foreign stocks not listed in the US, and American Depositary Receipts (US-traded shares of foreign companies). Next it sets a dividend target: the trailing 12-month yield of stocks at the 25th percentile of yield in that universe.

Each company gets a score from two Value Line rankings, each on a 1-to-5 scale. Safety measures price stability and financial strength. Timeliness tries to predict price performance over the next six to 12 months. The index sets weights to get the highest total score while keeping its yield at or above the target. No stock can be weighted more than 1.5% above its weight in a broad large-cap index, so the biggest companies still lead. As of June 30, 2026, NVIDIA made up 6.8%, Microsoft 4.9% and Broadcom 3.3%.

The index rebalances in the first full week of each month, and the fund's portfolio turnover was 112%. The fund may put up to 20% in other investments, including derivatives and other ETFs, and it may lend out its securities. As of June 30, 2026, it held 83 stocks and no derivatives.

• KVLE charges 0.56% a year, versus an average of 0.08% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.55% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $57 in the first year and $701 over 10 years (assuming a 5% annual return).

KVLE screens for dividend yield and pays out quarterly, but its holdings are still mostly large US growth and blue-chip stocks.

KVLE could add quarterly dividends from a mostly large-cap US stock portfolio. Its trailing 12-month yield was 7.62% ($2.14 a share) as of October 27, 2026. That figure looks backward and may not repeat. The fund has no record through the 2008 or 2020 crashes. In the 2022 bear market it fell 18.4% between January 4 and October 12, 2022, and it took about nine months to recover, by July 13, 2023. Its worst calendar year was 2022, at -5.88%. Anyone selling shares for cash during a drop like that would have sold below the peak. Cost adds up too. The fund charges 0.56% a year, which comes to $701 over 10 years on $10,000 under the SEC's standard example. Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.