Investment objective & strategy
As of Oct. 31, 2025 · prospectusObjective. 3. In the Prospectus for KCCA, the disclosure under the Investment Objective section is deleted in its entirety and replaced with the following: The KraneShares California Carbon Allowance Strategy ETF (the Fund) seeks to provide investment results that, before fees and expenses, track the performance of the S&P Carbon Credit CCA Index Excess Return (the Index), plus any returns from any available collateral. The Index is comprised of futures contracts on emission allowances issued by a cap and trade regulatory regime that seeks to reduce greenhouse gas emissions over time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CCA VINTAGE 2026 DEC26 PHYSICAL COMMODITY FUTURE. | KBCZ26 Comdty | $105.43M | 99.89% |
| KRANESHARES SUST U S D I ETF MUTUAL FUND | — | $86.78M | 82.22% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $7.59M | 7.19% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| KraneShares Global Carbon Strategy ETF · KRBN | 63% | 0.90% |
| KraneShares European Carbon Allowance Strategy ETF · KEUA | 29% | 0.87% |
| Eaton Vance Tax-Advantaged Dividend Income Fund | 4% | — |
Advisers
| Firm | Role |
|---|---|
| Krane Funds Advisors, LLC | Adviser |
| CLIMATE FINANCE PARTNERS LLC | Sub-adviser |
Footnotes
- Expense ratio as of July 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.