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 $63.26M in assets under management.

What index does KWIN track?

KraneShares Wahed Alternative Income Index ETF tracks Wahed Shariah Alternative Income 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.

KraneShares Wahed Alternative Income Index ETF

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KWIN USExchange-Traded Fund

$25.76

Option Income Global Option Income Shariah-compliant

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About this fund

KraneShares Wahed Alternative Income Index ETF (KWIN) is a Sharia ETF managed by Wahed Invest LLC, listed on NYSE Arca, quoted in USD. It charges a 0.51% net expense ratio and holds $63.26M in assets as of Sep 27, 2026. The fund 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 IncomeTotal return, USD
Advisor: Krane Funds Advisors LLC
Distribution: Annually

AUM: $63.26M
Expense Ratio: 0.51%
Yield (12-mo): —
Morningstar Rating
Benchmark: Wahed Shariah Alternative Income
52-Week Range
Avg Daily Vol: 14.5K
Inception: Oct 3, 2025

NAV & premium/discount

as of Sep 25, 2026

NAV

$25.82

Premium / Discount

+0.10%

Median Prem/Disc (1Y)

+0.12%

52-Wk NAV High

$25.82

52-Wk NAV Low

$25.00

Premium/discount is how far the market price trades above (+) or below (−) the fund's net asset value (reported in USD).

Risk metrics

vs benchmark Wahed Shariah Alternative Income · Total return, USD

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

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

Trailing returns

As of Sep 27, 2026

-0.04%

+0.06%

+0.40%

+0.89%

+1.65%

YTD

+2.43%

—

3Y ann.

—

5Y ann.

—

10Y ann.

—

Calendar-year returns

Morningstar daily closes

Trading & liquidity

as of Sep 25, 2026

Avg Vol (1W)

11.0K

Avg Vol (1M)

11.5K

Avg Vol (3M)

14.5K

Avg Vol (1Y)

22.2K

Avg Spread

0.330%

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

Shariah-compliant

Category: Equity – Factor & Income Option Income
Asset class: Equity
Strategy: Option Income
Region: Global
Issuer: Wahed Invest LLC
Branding: Kraneshares

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Listings

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

KWINKraneShares Wahed Alternative Income Index ETFUSDPrimary listingThis page
KWINKraneShares 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 $63.26M in assets under management.
What index does KWIN track?: KraneShares Wahed Alternative Income Index ETF tracks Wahed Shariah Alternative Income 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

ETF Trends

Cbonds expands ETF coverage to the Abu Dhabi Securities Exchange

Cbonds has expanded its ETF coverage to include 24 exchange-traded funds on the Abu Dhabi Securities Exchange (ADX), the Middle East's most active ETF hub. ADX's ETF market has grown significantly, with trading value rising 166% year-over-year in the first half of 2026.

September 25, 2026

Markets

USGRWTH gains 0.55% as ADX turnover halves and most ETFs close lower. ADX market wrap for September 21, 2026

The Lunate S&P US Shariah Growth ETF extended its winning week on Monday even as 11 of 17 measured ADX ETFs ended lower and exchange-wide turnover dropped 53.9% from Friday's AED 1.83bn. Pure Health's 6.34% jump on five times normal volume was the equity board's standout in an otherwise bid-weighted session.

September 21, 2026

ETF Trends

How ADX Cross-Listed ETFs Compare with Their NYSE Listings?

The Abu Dhabi Securities Exchange launched cross-listed ETFs in December 2025, allowing GCC investors to trade globally recognized funds like KWEB and KRBN in local currency during market hours.

July 17, 2026

Reports

GCC ETF Market Monitor: H1 2026 Review

The GCC ETF market expanded to 42 products in H1 2026 with notable launches in AI, Shariah-compliant, and dividend strategies. Despite growth momentum, assets remained highly concentrated in top five products, while performance split between AI/quantum winners and struggling Asian markets.

July 3, 2026