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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

KraneShares Global Carbon ETF

KRBN | ETF

$47.36

$1.35 B

0.52%

$0.25

0.78%

Vitals

YTD Return

1.7%

1 yr return

50.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.35 B

Holdings in Top 10

66.0%

52 WEEK LOW AND HIGH

$46.3
$33.60
$55.99

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Commodities Focused

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

KraneShares Global Carbon ETF

KRBN | ETF

$47.36

$1.35 B

0.52%

$0.25

0.78%

KRBN - Profile

Distributions

  • YTD Total Return -7.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.72%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    KraneShares Global Carbon ETF
  • Fund Family Name
    KraneShares
  • Inception Date
    Jul 28, 2020
  • Shares Outstanding
    28198808
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jonathan Shelon

Fund Description

The advisor attempts to maintain exposure to carbon credit futures that are substantially the same as those included in the index. The index is designed to measure the performance of a portfolio of liquid carbon credit futures that require “physical delivery” of emission allowances issued under cap and trade regimes. It is non-diversified.

KRBN - Performance

Return Ranking - Trailing

Period KRBN Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -21.4% 55.2% 92.61%
1 Yr 50.1% -88.7% 164.5% 21.59%
3 Yr N/A* -47.9% 48.9% N/A
5 Yr N/A* -39.9% 86.0% N/A
10 Yr N/A* -29.8% 25.4% N/A

* Annualized

Return Ranking - Calendar

Period KRBN Return Category Return Low Category Return High Rank in Category (%)
2021 106.7% -84.3% 1912.1% 7.17%
2020 N/A -87.8% 612.3% N/A
2019 N/A -88.2% 438.4% N/A
2018 N/A -81.2% 323.8% N/A
2017 N/A -37.6% 55.7% N/A

Total Return Ranking - Trailing

Period KRBN Return Category Return Low Category Return High Rank in Category (%)
YTD -7.0% -50.9% 143.7% 97.39%
1 Yr 50.1% -88.7% 164.5% 20.70%
3 Yr N/A* -47.9% 48.9% N/A
5 Yr N/A* -39.9% 86.0% N/A
10 Yr N/A* -29.8% 25.4% N/A

* Annualized

Total Return Ranking - Calendar

Period KRBN Return Category Return Low Category Return High Rank in Category (%)
2021 106.7% -84.3% 1912.1% 7.17%
2020 N/A -87.8% 612.3% N/A
2019 N/A -88.2% 438.4% N/A
2018 N/A -81.2% 323.8% N/A
2017 N/A -37.6% 55.7% N/A

KRBN - Holdings

Concentration Analysis

KRBN Category Low Category High KRBN % Rank
Net Assets 1.35 B 338 K 67.2 B 22.88%
Number of Holdings 5 1 788 83.23%
Net Assets in Top 10 896 M 0 67.3 B 35.48%
Weighting of Top 10 66.04% 19.0% 100.0% 77.78%

Top 10 Holdings

  1. KFA CARBON CFC (138000) 60.61%
  2. KFA CARBON CFC (138000) 60.61%
  3. KFA CARBON CFC (138000) 60.61%
  4. KFA CARBON CFC (138000) 60.61%
  5. KFA CARBON CFC (138000) 60.61%
  6. KFA CARBON CFC (138000) 60.61%
  7. KFA CARBON CFC (138000) 60.61%
  8. KFA CARBON CFC (138000) 60.61%
  9. KFA CARBON CFC (138000) 60.61%
  10. KFA CARBON CFC (138000) 60.61%

Asset Allocation

Weighting Return Low Return High KRBN % Rank
Other 		60.61% -0.63% 165.94% 29.41%
Cash 		33.97% -91.91% 100.00% 47.71%
Bonds 		5.43% 0.00% 101.84% 72.26%
Stocks 		0.00% 0.00% 92.95% 72.26%
Preferred Stocks 		0.00% 0.00% 0.00% 62.75%
Convertible Bonds 		0.00% 0.00% 4.64% 75.16%

Bond Sector Breakdown

Weighting Return Low Return High KRBN % Rank
Cash & Equivalents 		86.22% 0.00% 100.00% 27.94%
Government 		13.78% 0.00% 98.52% 63.24%
Derivative 		0.00% 0.00% 100.00% 70.59%
Securitized 		0.00% 0.00% 34.57% 75.00%
Corporate 		0.00% 0.00% 49.00% 78.68%
Municipal 		0.00% 0.00% 1.64% 66.18%

Bond Geographic Breakdown

Weighting Return Low Return High KRBN % Rank
US 		5.43% 0.00% 104.57% 73.20%
Non US 		0.00% -2.73% 30.55% 73.86%

KRBN - Expenses

Operational Fees

KRBN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.10% 3.08% 42.86%
Management Fee 0.78% 0.00% 1.75% 76.05%
12b-1 Fee 0.00% 0.00% 1.00% 18.67%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

KRBN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

KRBN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KRBN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 460.74% 35.66%

KRBN - Distributions

Dividend Yield Analysis

KRBN Category Low Category High KRBN % Rank
Dividend Yield 0.52% 0.00% 41.60% 41.38%

Dividend Distribution Analysis

KRBN Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

KRBN Category Low Category High KRBN % Rank
Net Income Ratio -0.72% -55.71% 52.26% 67.35%

Capital Gain Distribution Analysis

KRBN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

KRBN - Fund Manager Analysis

Managers

Jonathan Shelon

Start Date

Tenure

Tenure Rank

Jul 28, 2020

1.76

1.8%

Jonathan Shelon, Managing Partner and Chief Operating Officer at Krane, also serves as a portfolio manager of each Fund and supports Mr. Schlarbaum and Krane’s investment team with respect to each Fund. Mr. Shelon has been a portfolio manager of each Fund since August 2018 (in the case of KraneShares CSI China Internet ETF, KraneShares Electric Vehicles and Future Mobility Index ETF, KraneShares Emerging Markets Consumer Technology Index ETF, KraneShares MSCI All China Healthcare Index ETF, KraneShares MSCI All China Index ETF, KraneShares MSCI China Environment Index ETF, KraneShares MSCI One Belt One Road Index ETF and KraneShares Zacks New China ETF) or since inception (in the case of KraneShares Emerging Markets Healthcare Index ETF, KraneShares MSCI All China Consumer Discretionary Index ETF, KraneShares MSCI All China Consumer Staples Index ETF and KraneShares MSCI China A Inclusion Hedged Index ETF,). Mr. Shelon joined Krane in 2015 as a Managing Partner. Mr. Shelon has spent the majority of his career managing investment portfolios and diverse teams at leading asset management organizations. Most recently, he was the Chief Investment Officer of a 40-person global Specialized Strategies Team at J.P. Morgan with $40 billion AUM. Prior to joining J.P. Morgan, Mr. Shelon spent ten years as a portfolio manager at Fidelity Investments since 2001 where he was responsible for the investment performance, process and evolution of their target-date strategies for retirement savings, college savings and income generation. Prior to joining, he was a quantitative consultant at Callan Associates, Inc.

James Maund

Start Date

Tenure

Tenure Rank

Jul 28, 2020

1.76

1.8%

James Maund, Head of Capital Markets at Krane Funds Advisors LLC. He joined the Krane Funds Advisors in 2020 and has been in the investment management industry since 2005. Previously, he was a Vice President in the Institutional ETF Group and a member of the ETF Capital Markets Group at State Street Global Advisors (2010-2019); and an ETF trader at Goldman Sachs & Co (2005-2010). Mr. Maund graduated with a bachelor’s degree in economics from Wesleyan University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 17.46 6.25 11.42

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