KraneShares Electrification Metals Strategy ETF
KMET
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Oct 13, 2022
- Similar Companies
- Business
- KraneShares Electrification Metals Strategy ETF (KMET) is an exchange-traded fund that tracks the Bloomberg Electrification Metals Index, providing investors with exposure to futures contracts on key metals essential for electrification, including aluminum, copper, nickel, zinc, cobalt, and lithium. The ETF focuses on commodities driven by demand from electric vehicles, batteries, renewable energy infrastructure, and global decarbonization efforts; it offers a thematic hedge against climate change, inflation, and supply disruptions in the industrial metals sector. Launched in October 2022 and listed on the NYSE Arca, KMET is managed by Krane Funds Advisors, LLC, part of KraneShares, with headquarters in New York, NY, and additional offices in San Francisco, CA, and London, UK. KMET's portfolio targets institutional and retail investors seeking broad-market, extended-term exposure to industrial metals without physical ownership; its holdings methodology weights futures based on projected supply-demand dynamics in the electrification transition. The fund distributes dividends quarterly, with a total annual operating expense ratio of 0.86%, and maintains a diversified yet concentrated position across the specified metals futures. In a significant operational change, the Board of Trustees of KraneShares Trust approved the liquidation and termination of KMET in 2024 upon recommendation from Krane Funds Advisors; trading ceased and purchases closed as of September 19, 2024, with final liquidation on September 27, 2024, due to low assets under management of approximately $2.6 million. Prior to closure, the ETF issued notable distributions, including a $7.48 per share dividend in December 2023, reflecting its commodity futures strategy. No recent partnerships, acquisitions, or new product launches were reported for KMET in the last 1-2 years, marking its wind-down as the primary strategic shift.