Key stats
About KraneShares Global Carbon Strategy ETF
Home page
Inception date
Jul 30, 2020
Structure
Open-Ended Fund
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.
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
What's in the fund
Exposure type
ETF
Mutual fund
Bonds, Cash & Other100.00%
ETF63.43%
Mutual fund32.36%
Cash4.21%
Top 10 holdings
KRBN ETF : Holding more cash than actual carbon futuresKRBN tracks the global carbon allowances prices in Europe, the UK and the US which did really well in 2020-2021 albeit at high volatility.
However, as we entered 2022 KRBN price started to decline then now recovering slowly.
Somehow over the past year and till now in 2023, its holdings of cash an
CARBON - THE TRADE OF A LIFETIME?This is not a long recommendation unless you are highly confident in your trading abilities and have the discipline to stop out and look for a better entry. For everyone else, waiting for a pullback to an area closer to the broader trend line is desirable. Always trade with an appropriate stop loss
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
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 29.08 USD today, its price has risen 0.17% in the past 24 hours. Track more dynamics on KRBN price chart.
KRBN net asset value is 29.34 today — it's risen 5.58% 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 158.47 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 risen by 6.11% over the last month, and its yearly performance shows a −17.13% decrease. See more dynamics on KRBN price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.38% increase in three-month performance and has decreased by −11.25% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.38% increase in three-month performance and has decreased by −11.25% in a year.
KRBN fund flows account for −129.23 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 Analysis section.
KRBN expense ratio is 0.85%. 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 neutral rating and its 1-week rating is sell. 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 sell signal. See more of KRBN technicals for a more comprehensive analysis.
Today, KRBN technical analysis shows the neutral rating and its 1-week rating is sell. 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 sell signal. See more of KRBN technicals for a more comprehensive analysis.
Yes, KRBN pays dividends to its holders with the dividend yield of 7.14%.
KRBN trades at a premium (0.72%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
KRBN shares are issued by China International Capital Corp. Ltd.
KRBN follows the IHS Markit Global Carbon 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.