KraneShares California Carbon Allowance Strategy ETF
KCCA
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 280 Park Avenue, 32nd Floor New York NY United States of America 10017
- IPO Date
- Oct 5, 2021
- CIK
- 0001547576
- Website
- kraneshares.com
- Similar Companies
- Business
- KraneShares California Carbon Allowance Strategy ETF (KCCA) provides targeted exposure to California Carbon Allowances (CCA) through futures contracts on carbon credits issued under California's cap-and-trade program. The ETF tracks the S&P Carbon Credit CCA Index, which measures the performance of the most traded CCA futures contracts maturing in December of the next one to two years, investing at least 80% of its net assets in instruments delivering such exposure, including derivatives like futures and swaps executed through a Cayman Islands subsidiary; it holds collateral in ultra-short duration investment-grade fixed income securities and cash equivalents. Launched on October 4, 2021, and domiciled in the United States, KCCA operates within the environmental and commodity sectors, serving investors seeking carbon pricing participation, inflation hedging, and alignment with responsible investing goals tied to California's emissions reduction targets of 60% below 1990 levels by 2030 and carbon neutrality by 2045. The ETF is issued by KraneShares Trust and managed by Krane Funds Advisors, LLC, with co-management by Climate Finance Partners LLC, as part of KraneShares' suite of thematic exchange-traded funds focused on climate and uncorrelated assets. In a key development prior to December 3, 2021, the fund transitioned from an active management strategy under the name KraneShares California Carbon Allowance ETF to its current passive index-tracking approach as the KraneShares California Carbon Allowance Strategy ETF, enhancing replication of the underlying index while utilizing Cayman subsidiary structures for derivatives exposure. No major partnerships, acquisitions, funding rounds, or new product launches specific to KCCA have been reported in the last one to two years, though KraneShares as issuer continues strategic expansions in other ETFs, such as the December 2025 listing of its KWEB China internet strategy on the Hong Kong Stock Exchange in partnership with ICBC UBS International. KCCA maintains quarterly distributions, with recent payouts including $0.971937 per share in December 2024 and a scheduled ex-date of December 22, 2025.