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Wednesday, October 7, 2026The Morning Brief →Sign in
KCCAKraneSharesACTIVE

KraneShares California Carbon Allowance ETF

$16.88+0.90% vs prior close
14.8118.0052-WK

Price through Oct 5, 2026 · Flows through unavailable. Figures use the latest available records, not a live quote. Fund details retrieved Oct 5, 2026. Holdings snapshot retrieved Oct 5, 2026.

The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the California Carbon Allowance “cap and trade” regime. The index includes only carbon credit futures that mature in December of the next one to two years. The fund will generally seek to obtain exposure to the same carbon credit futures that are in the index. The fund will invest at least 80% of its net assets in instruments that provide exposure to California Carbon Allowances. It is non-diversified.

Price & daily flows
17.3216.4115.5016.88DAILY NET FLOWOct 6Feb 4Jun 3Oct 5

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned +0.4% so far this year. At 0.81% a year, no lower reported fee appears among the alternatives shown here.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$209Massets under management
0.81%expense ratio · $81 per $10,000 a year
—net flow, trailing month
17Kavg daily volume, 30 days
3holdings · US-domiciled
2021listed October 5, 2021 · beta 0.03
Sector weights
Mutual fund99.29%
Financial Services23.66%
Technology21.61%
Industrials17.59%
Healthcare14.49%
Consumer Cyclical6.51%
Energy5.55%
Consumer Defensive4.04%
Communication Services3.39%
Utilities2.41%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other100%
United States44.3%
United Kingdom22.34%
France5.56%
Switzerland4.9%
Taiwan3.72%
Spain2.89%
Sweden2.85%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+1.2%
1 month-1.8%
3 months-1.6%
6 months+13.3%
YTD+0.4%
1 year-4.8%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
12%realized volatility, 30 days (annualized)
14%realized volatility, 1 year
-17.7%deepest fall from a peak, 1 year
-6.2%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
8Kshares traded
The case against KCCA

Due diligence cuts both ways. These funds sit on the same shelf and beat KCCA on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
DFUS Dimensional U.S. Equity Market ETF0.09%$10.2B—-72bp on fee · 49× the assetsHead-to-head
DFAU Dimensional US Core Equity Market ETF0.12%$6.3B—-69bp on fee · 30× the assetsHead-to-head
AVUS Avantis U.S. Equity ETF0.15%$7.2B—-66bp on fee · 35× the assetsHead-to-head
AVLV Avantis U.S. Large Cap Value ETF0.15%$4.5B—-66bp on fee · 21× the assetsHead-to-head
DFAC Dimensional U.S. Core Equity 2 ETF0.17%$30.5B—-64bp on fee · 146× the assetsHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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