ETF Evaluator:
KraneShares Man Buyout Beta Index ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Small Blend Over the Last Year
| 55.4% | Invesco NASDAQ Future Gen 200 ETF (QQQS) |
| 45.8% | iShares Micro-Cap ETF (IWC) |
| 45.6% | First Trust Small Cap Core AlphaDEX® ETF (FYX) |
| 43.8% | Fidelity Enhanced Small Cap Core ETF (FESM) |
| 38.9% | Inspire Small/Mid Cap ETF (ISMD) |
Risk
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Risk
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ETF Details
KraneShares Man Buyout Beta Index ETF Overview
KraneShares Man Buyout Beta Index ETF (BUYO) is a passively managed U.S. Equity Small Blend exchange-traded fund (ETF). KraneShares launched the ETF in 2024.
The investment seeks to provide investment results that, before fees and expenses, track the price and yield performance of the Man Buyout Beta Index.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the index. The index is designed to provide a proxy for private equity performance and risk exposures by focusing on small- and mid-capitalization stocks that have characteristics similar to companies in private equity buyout funds. The fund is non-diversified.
About KraneShares Man Buyout Beta Index ETF (BUYO)
There are 3 members of the management team with an average tenure of 1.81 years: James Maund (2024), John Lidington (2024) and Jonathan Shelon (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Man Buyout Beta PR USD index with a weighting of 100%. KraneShares Man Buyout Beta Index ETF has 307 securities in its portfolio. The top 10 holdings constitute 11.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
KraneShares Man Buyout Beta Index ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. KraneShares Man Buyout Beta Index ETF has 4.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.9% There is 4.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). KraneShares Man Buyout Beta Index ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $16 million in total assets, which is below the $4 billion average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BUYO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The KraneShares Man Buyout Beta Index ETF expense ratio is high compared to funds in the Small Blend category. KraneShares Man Buyout Beta Index ETF has an expense ratio of 0.89%, which is 111% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. KraneShares Man Buyout Beta Index ETF has a portfolio turnover rate of 76%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Small Blend category.
Recently, in the month of July 2026, KraneShares Man Buyout Beta Index ETF returned -3.6%, which earned it a grade of D, as the Small Blend category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
KraneShares Man Buyout Beta Index ETF has a trailing yield of 0.00%, which is below the 1.17% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
KraneShares Man Buyout Beta Index ETF Grades
Year to date, the ETF has returned 16.8%, 1.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 28.8% over the past year (grade of C).
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BUYO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BUYO Return (NAV) | -3.6% | 7.2% | 28.8% | na | na | na |
| BUYO Return (Price) | -3.2% | 7.8% | 29.0% | na | na | na |
| NAV +/- Price Return | -0.410% | -0.591% | -0.235% | na | na | na |
| Small Blend Avg | -2.1% | 5.7% | 28.5% | 14.0% | 8.0% | 10.8% |
| BUYO Grade (NAV) | D | B | C | na | na | na |
| +/- Category (NAV) | -1.5% | 1.5% | 0.3% | na | na | na |
| BUYO Tax-Cost Ratio | na | na | 0.0% | na | na | na |
BUYO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BUYO Return (NAV) | 16.8% | 10.8% | na | na | na | na | na | na | na | na | na |
| BUYO Return (Price) | 16.2% | 12.1% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.040% | 0.120% | na | na | na | na | na | na | na | na | na |
| Small Blend Avg | 18.0% | 8.7% | 11.7% | 16.3% | -15.9% | 24.0% | 12.7% | 24.8% | -9.2% | 14.4% | 19.6% |
| BUYO Grade (NAV) | C | B | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.1% | 2.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 16 Mil |
| Share Class Assets: | $ 16 Mil |
| Turnover: | 76.0% |
| Expense Ratio: | 0.89% |
| Index Fund: | Yes |
| Index Tracked: | Man Buyout Beta PR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Maund James (2024), Lidington John (2024), Shelon Jonathan (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 307 |
| % in Top 10 Holdings: | 11.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.9% |
Portfolio Allocation |
|
| Domestic Stock: | 94.9% |
| Foreign Stock: | 4.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | KraneShares |
| Phone Number: | 855-857-2638 |
| Website: | http://www.kraneshares.com |
| Inception Date: | October 8, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.89% (Rating: High) |
| Category Average Expense Ratio (%): | 0.42% |
