KraneShares California Carbon Allowance Strategy ETF

Frequently Asked Questions About KCCA

What does KCCA invest in?

The fund's benchmark index monitors the performance of futures contracts tied to California Carbon Allowances (CCA), which are issued under the state's "cap and trade" regulatory framework. Crucially, the index's holdings are limited to futures contracts that mature in December, looking one to two years into the future. Generally, the fund's portfolio aims to replicate the specific carbon credit futures contracts contained within its benchmark index. A significant portion – at least 80% – of the fund's net assets will be allocated to financial instruments that provide direct exposure to California Carbon Allowances. Furthermore, it operates as a non-diversified investment vehicle.

What is the expense ratio of KCCA?

KraneShares California Carbon Allowance Strategy ETF (KCCA) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is KCCA?

KraneShares California Carbon Allowance Strategy ETF (KCCA) manages $116.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is KCCA actively managed or an index fund?

KCCA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was KCCA launched?

KraneShares California Carbon Allowance Strategy ETF (KCCA) launched in October 2021 and is managed by KraneShares.

How has KCCA performed?

KCCA's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.