KCCA

KraneShares California Carbon Allowance Strategy ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 01/18/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
KCCA 6.53% 8.27% -4.71% -- -- -- --
KCCA (NAV) 12.34% -54.05% 2.29% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Global Carbon Index Total Return -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KCCA Summary Data

CICC
KraneShares
10/05/21
Open-Ended Fund
0.79%
$19.00M
$3.19M
0.52%

KCCA Portfolio Data

Futures
Carbon Credits
N/A
--

KCCA Index Data

No Underlying Index
Liquidity
Single Asset
Barclays Global Carbon Index Total Return

KCCA Portfolio Management

0.79%
--
--
--

KCCA Tax Exposures

20.00% / 39.60%
--
No

KCCA Fund Structure

Open-Ended Fund
No
--
N/A
N/A
Low
Daily

KCCA Factset Analytics Block Liquidity

As of 01/19/22
5
4
3
2
1

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 Tradability

117,756
$3.19M
97,024
$2.69M
0.52%
$0.14
-60.46%
-7.78% / -73.27%
None
100.00%
25,000
3.88
--
--
66
$31.67
5

KCCA Top 10 Targeted Commodity Weights

68.38%
31.62%
100.00%

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

--
--
--
--
0.00%

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.