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KraneShares Wahed Alternative Income Index ETF

KWIN USUSExchange-Traded Fund
$25.67
Sharia

About this fund

KraneShares Wahed Alternative Income Index ETF (KWIN) is a Sharia ETF managed by Wahed Invest LLC, listed on NYSE Arca in USD. It charges a 0.51% net expense ratio and holds $60 in assets as of Aug 13, 2026. The fund tracks Wahed Shariah Alternative Income TR USD and was launched on Oct 3, 2025.

The KraneShares Wahed Alternative Income Index ETF is a US-incorporated exchange-traded fund designed for investors seeking Shariah-compliant income exposure. The fund tracks the Wahed Shariah Alternative Income Index, aiming to replicate its price and yield performance before the deduction of fees and expenses. By adhering to Islamic finance principles, the fund screens out companies and instruments incompatible with Shariah law — such as those involved in interest-bearing debt, alcohol, tobacco, or gambling — making it a distinctive option for ethically and religiously motivated investors seeking alternative income streams within a rules-based index framework.

Benchmark
Wahed Shariah Alternative Income TR USD
Advisor
Krane Funds Advisors LLC
Exchange
NYSE Arca
Distribution
Annually
AUM
$60
Expense Ratio
0.51%
Yield (12-mo)
Morningstar Rating
Benchmark
Wahed Shariah Alternative Income TR USD
52-Week Range
Avg Daily Vol
17.3K
Inception
Oct 3, 2025

Risk metrics

vs benchmark Wahed Shariah Alternative Income TR USD

3-year risk statistics are not currently available for this fund.

Risk statistics are 3-year, month-end-based.

Trailing returns

As of Aug 13, 2026
1D
-0.02%
1W
-0.02%
1M
+0.35%
3M
+0.63%
6M
+1.53%
YTD
+1.88%
1Y
3Y ann.
5Y ann.
10Y ann.

Calendar-year returns

Morningstar daily closes

Trading & liquidity

as of Aug 12, 2026

Avg Vol (1W)
16.7K
Avg Vol (1M)
12.3K
Avg Vol (3M)
17.3K
Avg Vol (1Y)
23.8K
Avg Spread
0.630%

Average daily share volume over each trailing window. Spread is the average bid-ask spread as a percentage of price — lower means cheaper to trade.

Top 10 holdings

Source: Morningstar

Fees & expenses

Net expense
0.51%
Gross expense
0.51%
Management fee
0.50%

Classification

Category
Sharia
Investment Type
Exchange-Traded Fund
Strategic Beta
No
Strategy
Not Applicable
Issuer
Wahed Invest LLC
Branding
Kraneshares

Listings

This fund trades on multiple exchanges. Each listing is the same underlying fund; prices are quoted in the listing currency.

  • USKWINKraneShares Wahed Alternative Income Index ETFUSDPrimary listingThis page
  • AEKWINKraneShares Wahed Alternative Income Index ETFAED

Frequently asked questions

What is KWIN's expense ratio?
KraneShares Wahed Alternative Income Index ETF charges a net expense ratio of 0.510%.
How large is KraneShares Wahed Alternative Income Index ETF?
KWIN holds $60 in assets under management.
What index does KWIN track?
KraneShares Wahed Alternative Income Index ETF tracks Wahed Shariah Alternative Income TR USD as its primary benchmark.
When did KWIN launch?
KraneShares Wahed Alternative Income Index ETF launched on October 3, 2025.
What currency does KWIN trade in?
KWIN trades in USD on NYSE Arca.

News & analysis on KWIN

Fund information

Ticker
KWIN
Performance ID
0P0001XVZU
Inception
Oct 3, 2025
Domicile
USA
Base currency
USD
Listing currency
USD
AUM
$60
Avg daily volume (3M)
17.3K

Charting by TradingView.

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