KraneShares Global Carbon Strategy ETFKraneShares Global Carbon Strategy ETFKraneShares Global Carbon Strategy ETF

KraneShares Global Carbon Strategy ETF

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Key stats


Assets under management (AUM)
‪139.03 M‬ USD
Fund flows (1Y)
‪−31.17 M‬ USD
Dividend yield (indicated)
1.96%
Discount/Premium to NAV
—
Shares outstanding
‪4.05 M‬
Expense ratio
0.91%

Fund info


Brand
KraneShares
Inception date
Jul 30, 2020
Structure
Open-Ended Fund
Index tracked
S&P Global Carbon Credit Index
Replication method
Synthetic
Management style
Passive
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.
ISIN
US5007676787
CUSIP
500767678
FIGI
BBG00WC708F6
Identifiers
ISIN US5007676787
CFI code
CEOJLS
KRBN is the first US-listed ETF to provide access to the carbon allowances futures market. The fund tracks an index that provides exposure to cap-and-trade carbon allowances via futures. The index selects and weights contracts maturing in December of the next one to two years that meet minimum trading volume and dollar values, subject to limits. The index covers three major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA), and the Regional Greenhouse Gas Initiative (RGGI). The fund also utilizes a Cayman Island subsidiary and may hold ultra-short-term, investment-grade fixed income securities as necessary collateral. Rebalancing and reconstitution is done annually in November. Prior to March 19, 2021, KRBN was named KFA Global Carbon ETF. Also, prior to December 3, 2021, the fund was named KraneShares Global Carbon ETF and was actively managed.

Classification


Asset Class
Commodities
Category
Energy
Focus
Carbon credits
Niche
Extended term
Strategy
Extended term
Geography
Global
Weighting scheme
Liquidity
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Mutual fund
Bonds, Cash & Other100.00%
ETF48.30%
Mutual fund42.08%
Cash9.62%
Top 10 holdings

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently asked questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
KRBN trades at 34.29 USD today, its price has risen 0.44% in the past 24 hours. Track more dynamics on KRBN price chart.
KRBN net asset value is 34.29 today — it's fallen 2.61% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
KRBN assets under management is ‪139.03 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
KRBN price has fallen by −1.15% over the last month, and its yearly performance shows a 2.54% increase. See more dynamics on KRBN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.61% over the last month, have fallen by −2.61% over the last month, showed a 3.00% increase in three-month performance and has increased by 4.16% in a year.
KRBN fund flows account for ‪−31.17 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
KRBN invests in funds. See more details in our Profile section.
KRBN expense ratio is 0.91%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, KRBN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, KRBN technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating KRBN shows the buy signal. See more of KRBN technicals for a more comprehensive analysis.
Yes, KRBN pays dividends to its holders with the dividend yield of 1.96%.
KRBN shares are issued by China International Capital Corp. Ltd.
KRBN follows the S&P Global Carbon Credit Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 30, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.