Investment objective & strategy
As of Oct. 31, 2025 · prospectusObjective. 2. In the Prospectus for KEUA, the disclosure under the Investment Objective section is deleted in its entirety and replaced with the following: The KraneShares European 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 EUA 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 Dec. 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US ULTRA BOND CBT Sep25 | — | $7.70M | 99.43% |
| US ULTRA BOND CBT Sep25 | — | $5.74M | 74.20% |
| KRANESHARES SUST U S D I ETF MUTUAL FUND | — | $4.93M | 63.67% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $1.19M | 15.37% |
Portfolio moves
Sep 30, 2025 → Dec 31, 2025How 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 weightAdvisers
| 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 December 31, 2025, 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).
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