KRBN

KraneShares Global Carbon ETF
*Unless otherwise stated, data provided by FactSet.

KRBN Fund Description

KRBN is an actively-managed ETF that aims to outperform a carbon credit futures index by selecting the most liquid contracts and managing debt instruments.

KRBN Factset Analytics Insight

KRBN is the first US-listed ETF to provide access to the carbon allowances futures market. The fund is benchmarked to the IHS Markit’s Global Carbon Index which 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). Should regulation for carbon emissions tighten and/or the cost of carbon emissions rise, KRBN investors may benefit. The fund invests through a Cayman Island subsidiary, thus avoids issuing a K-1. Euros are a sizeable portion of the underlying. Also worth noting, the Chairman of the fund’s sub-advisor is former US Secretary of State, John Kerry. Prior to March 19, 2021, KRBN was named KFA Global Carbon ETF.

PERFORMANCE [as of 06/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
KRBN -6.20% 18.14% 40.68% -- -- -- --
KRBN (NAV) -5.60% 21.93% 41.26% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays Global Carbon Index Total Return -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

KRBN Summary Data

CICC
KraneShares
07/30/20
Open-Ended Fund
0.79%
$436.20M
$14.16M
0.23%
GRN

KRBN Portfolio Data

Futures
Laddered
N/A
3

KRBN Index Data

No Underlying Index
Proprietary
Proprietary
Barclays Global Carbon Index Total Return

KRBN Portfolio Management

0.79%
--
--
--

KRBN Tax Exposures

20.00% / 39.60%
--
No

KRBN Fund Structure

Open-Ended Fund
Yes
Yes
N/A
N/A
Low
Daily

KRBN Factset Analytics Block Liquidity

As of 06/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of KRBN. KRBN is rated a 5 out of 5.

KRBN Tradability

419,926
$14.16M
346,921
$11.15M
0.23%
$0.08
1.92%
3.57% / -0.81%
None
100.00%
50,000
6.94
--
--
0
$34.41
5

KRBN Top 10 Targeted Commodity Weights

77.89%
20.81%
100.00%

KRBN Tenor Strategy

KRBN invests solely in December contracts one to two years out.

KRBN Rolling Strategy

KRBN is actively managed. Roll strategy is at the portfolio manager's discretion while still attempting to roll from an expiring futures contract to another.

KRBN Performance Statistics

--
--
--
--
0.00%