Key stats
About KraneShares California Carbon Allowance Strategy ETF
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Inception date
Oct 5, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Krane Funds Advisors LLC
Distributor
SEI Investments Distribution Co.
KCCA is passively managed to provide targeted exposure to the California Carbon Allowance (CCA) cap-and-trade program. Notably, the CCA program also includes carbon credits issued by Quebec, following a Western Climate Initiative in 2014. The index selects futures contracts maturing in December of the next one to two years. The index reconstitutes and rebalances its portfolio annually. KCCA, however, may not necessarily use a replication strategy to track the index. The fund also utilizes a Cayman Island subsidiary and may hold ultra-short-term, investment-grade fixed income securities as necessary collateral. Prior to December 3, 2021, the fund was named KraneShares California Carbon Allowance ETF and used an active strategy.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Mutual fund
Bonds, Cash & Other100.00%
ETF77.23%
Mutual fund18.57%
Cash4.20%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
KCCA last dividends amounted to 0.97 USD. Six months before that, the issuer paid 5.03 USD in dividends, which shows a 417.27% decrease.
KCCA assets under management is 98.43 M USD. It's risen 0.87% over the last month.
KCCA fund flows account for −52.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, KCCA pays dividends to its holders with the dividend yield of 40.95%. The last dividend (Dec 18, 2024) amounted to 0.97 USD. The dividends are paid semi-annually.
KCCA shares are issued by China International Capital Corp. Ltd. under the brand KraneShares. The ETF was launched on Oct 5, 2021, and its management style is Passive.
KCCA expense ratio is 0.87% meaning you'd have to pay 0.87% of your investment to help manage the fund.
KCCA follows the IHS Markit Carbon CCA Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
KCCA invests in funds.
KCCA price has fallen by −5.29% over the last month, and its yearly performance shows a −45.29% decrease. See more dynamics on KCCA price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.37% over the last month, showed a −9.74% decrease in three-month performance and has decreased by −29.72% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.37% over the last month, showed a −9.74% decrease in three-month performance and has decreased by −29.72% in a year.
KCCA trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.