KCCAKraneShares California Carbon Allowance Strategy ETF
KCCA Fund Description
KCCA tracks a liquidity-weighted CCA carbon credit futures index.
KCCA Factset Analytics Insight
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 and weights futures contracts maturing in December of the next one to two years based on average monthly trade volume. 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.
KCCA Summary Data
KCCA Portfolio Data
KCCA Index Data
KCCA Portfolio Management
KCCA Tax Exposures
KCCA Fund Structure
KCCA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KCCA. KCCA is rated a 5 out of 5.
KCCA Top 10 Targeted Commodity Weights
KCCA Tenor Strategy
KCCA invests solely in December contracts one to two years out.
KCCA Rolling Strategy
KCCA rolls its futures on every November rebelancing such that all maturities and vintages are extended by a year.
KCCA Performance Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.