KEUA ETF — Holdings & Analysis

System. KEUA, with an expense ratio of 0.87%, focuses on carbon credit futures and currently has a small AUM. A significant portion of the fund is invested in the Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH), making it a unique offering for investors interested in the European carbon market.

KraneShares European Carbon Allowance Strategy ETF (KEUA) ETF — Price, Holdings & Analysis

The KraneShares European Carbon Allowance Strategy ETF (KEUA) offers exposure to European carbon allowance futures, specifically those maturing in December of the next one to two years, with the goal of mirroring the performance of the European Union Emissions Trading System. KEUA, with an expense ratio of 0.87%, focuses on carbon credit futures and currently has a small AUM. A significant portion of the fund is invested in the Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH), making it a unique offering for investors interested in the European carbon market.

ETF Overview

The index is designed to measure the performance of a portfolio of futures contracts on carbon credits issued under the European Union Emissions Trading System “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 European carbon allowances. It is non-diversified.

The KraneShares European Carbon Allowance Strategy ETF (KEUA) is designed to provide investors with exposure to the European Union Emissions Trading System (EU ETS) through carbon allowance futures contracts. The fund tracks an index of futures contracts on carbon credits issued under the EU ETS, concentrating on contracts that mature in December of the next one to two years. KEUA invests at least 80% of its net assets in instruments providing exposure to European carbon allowances. As a non-diversified fund, KEUA offers a focused approach to investing in the carbon credit market. The ETF's top holding is Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH) at 66.06%, followed by State Street Instl US Govt MMkt Premier (GVMXX) at 13.11%. The fund's sector allocation is primarily in Cash & Others, representing 100% of its portfolio. KEUA is designed for investors seeking to participate in the European carbon market and potentially benefit from the increasing demand for carbon allowances as companies strive to meet emissions reduction targets.

Risk Metrics

KEUA presents several risks for potential investors. As a non-diversified fund, it is subject to concentration risk, meaning its performance is heavily reliant on the performance of a small number of assets – specifically, European carbon allowance futures. The fund's sector allocation is concentrated entirely in Cash & Others, which may limit its potential for diversification and returns. With a beta of 0.56, KEUA exhibits lower volatility compared to the broader market. The expense ratio of 0.87% can create a drag on returns, especially if the fund's performance does not outpace this cost. Investors should carefully consider these risks before investing in KEUA, particularly its concentrated exposure and expense ratio.

Expense Ratio

0.87%

What does KEUA hold?

Holding	Weight
Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH)	66.06%
State Street Instl US Govt MMkt Premier (GVMXX)	13.11%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

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Risk Metrics

Beta: 0.56

Questions & Answers

What is KEUA and what does it track?

The KraneShares European Carbon Allowance Strategy ETF (KEUA) is an exchange-traded fund designed to track the performance of a portfolio of futures contracts on carbon credits issued under the European Union Emissions Trading System (EU ETS).

The fund focuses on carbon credit futures that mature in December of the next one to two years.

What is the expense ratio for KEUA?

The expense ratio for the KraneShares European Carbon Allowance Strategy ETF (KEUA) is 0.87%. This means that for every $10,000 invested in the fund, $87 is charged annually to cover operating expenses.

What are the top holdings in KEUA?

As of 2026-03-15, the top holdings in the KraneShares European Carbon Allowance Strategy ETF (KEUA) are: 1) Kraneshares Sust Ultra Shrt Dur Idx ETF (KCSH) at 66.06%, which is another ETF.

2) State Street Instl US Govt MMkt Premier (GVMXX) at 13.11%, a money market fund.

Is KEUA a good long-term investment?

Evaluating KEUA as a long-term investment requires careful consideration of its unique focus and associated risks. KEUA provides exposure to European carbon allowance futures, making it sensitive to changes in environmental regulations and carbon emission policies.

The fund's expense ratio of 0.87% is relatively high, which can impact long-term returns.

How does KEUA compare to similar ETFs?

KEUA is unique in its focus on European carbon allowance futures, making direct comparisons challenging. However, when considering similar ETFs that offer exposure to carbon-related markets, factors such as expense ratio, AUM, and investment strategy should be compared.

KEUA's expense ratio of 0.87% may be higher than some broader market ETFs.

Does KEUA pay dividends?

According to the provided data, the KraneShares European Carbon Allowance Strategy ETF (KEUA) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a history of dividend payments. The fund's focus is primarily on capital appreciation through exposure to European carbon allowance futures, rather than generating income through dividends.