Investment objective & strategy
As of Oct. 31, 2025 · prospectusObjective. 1. In the Prospectus for KRBN, the disclosure under the Investment Objective section is deleted in its entirety and replaced with the following: The KraneShares Global Carbon Strategy ETF (the Fund) seeks to provide investment results that, before fees and expenses, track the performance of the S&P Global Carbon Credit Index Excess Return (the Index), plus any returns from any available collateral. The Index is comprised of futures contracts on emission allowances issued by various cap and trade regulatory regimes that seek to reduce greenhouse gas emissions over time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| KRANESHARES SUST U S D I ETF MUTUAL FUND | — | $84.46M | 64.15% |
| CCA VINTAGE 2026 DEC26 PHYSICAL COMMODITY FUTURE. | KBCZ26 Comdty | $35.05M | 26.62% |
| S&P CARBON CREDIT EUA TOTAL RETURN INDEX ISSUER: GS FINANCE CORP. | — | $25.87M | 19.65% |
| US ULTRA BOND CBT Sep25 | — | $18.83M | 14.30% |
| US ULTRA BOND CBT Sep25 | — | $8.35M | 6.35% |
| WSH CAR ALL V2026 DEC26 PHYSICAL COMMODITY FUTURE. | — | $7.77M | 5.90% |
| REGIONAL GAS FUTDEC26 PHYSICAL COMMODITY FUTURE. | — | $7.46M | 5.66% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $6.72M | 5.11% |
| US ULTRA BOND CBT Sep25 | — | $5.15M | 3.91% |
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 California Carbon Allowance Strategy ETF · KCCA | 63% | 0.91% |
| KraneShares European Carbon Allowance Strategy ETF · KEUA | 45% | 0.87% |
| CAZ Strategic Opportunities Fund | 20% | — |
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).
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