Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KARS is benchmarked to the Bloomberg Electric Vehicles Index, which provides exposure to companies engaged in the production of electric vehicles and/or their components. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing, and electric infrastructure businesses.

KARS Features:

  • Access to global companies that operate in all areas of new transportation methods, passenger and freight, including electric vehicles, autonomous vehicles and shared mobility
  • Exposure to companies that lead the development of vehicle connectivity like Internet of Vehicles (IoV) and Intelligent mobility.
  • Exposure to the potential growth brought on by increased demand for lithium-ion battery and non-ferrous metals like lithium due to electric vehicle adoption.
  • Access to equities listed in Mainland China, which is currently the world’s largest electric vehicle market1.

Future Mobility Sector Highlights:

  • 58% of new car sales and 31% of the global car fleet are projected to be electric by 2040.1
  • The global electric vehicle market is projected to command $2.7 trillion of total investment before 2040.2
  • Autonomous vehicles and the resulting ”passenger economy” are projected to create $8 trillion of value in the global economy.3

1.) Data from Bloomberg New Energy Finance as of 5/15/2020. Retrieved 9/30/2020.
2.) Morgan Stanley Research. “The EV Infrastructure 55: A Diversified Way to Play a Critical Enabler in the EV Theme.” Morgan Stanley. 10/17/2017
3.) Lanctot, Roger. “Accelerating The Future: The Economic Impact of the Emerging Passenger Economy.” Strategy Analytics. June 2017.

Premium Discount Chart

Daily Performance

Data as of 02/29/2024
Daily Net Asset Value (NAV) and Market Price
NAV $22.91
NAV Daily Change 2.19%
Market Price $22.60
Market Price Daily Change 1.16%
30 Day Median Bid/Ask Spread
0.57%

Performance History

Cumulative %
Data as of: 02/29/2024
Fund NAV Closing Price Index
1 Month 9.20% 8.60% 9.34%
3 Month -6.34% -6.77% -5.87%
6 Month -23.10% -24.14% -22.74%
YTD -11.61% -12.06% -11.17%
Since Inception 3.31% 1.92% 7.46%
Avg Annualized %
Data as of month end: 02/29/2024
Fund NAV Closing Price Index
1 Year -24.85% -25.74% -24.13%
3 Year -16.75% -17.17% -15.87%
5 Year 4.07% 3.73% 5.11%
Since Inception 0.53% 0.31% 1.18%
Avg Annualized %
Data as of quarter end: 12/31/2023
Fund NAV Closing Price Index
1 Year -7.10% -7.85% -7.21%
3 Year -11.10% -11.38% -10.37%
5 Year 9.99% 9.96% 11.05%
Since Inception 2.65% 2.51% 3.25%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Ex-Date Record Date Payable Date Amount

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

Distribution History

2023 Distributions
Ex-Date Record Date Payable Date Amount
12/18/2023 12/19/2023 12/20/2023 0.225632
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.319168
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 3.148813
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.057397

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2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.435081
2018 Distributions
Ex-Date Record Date Payable Date Amount
12/26/2018 12/27/2018 12/28/2018 0.246575

Growth of $10,000

Data as of 02/29/2024

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 02/29/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 LI AUTO INC-CLASS A 4.78% 2015 KYG5479M1050 234,700 5,315,286
2 NIDEC CORP 4.23% 6594 JP3734800000 123,800 4,699,057
3 APTIV PLC 4.21% APTV JE00B783TY65 58,841 4,677,271
4 CONTEMPORARY A-A 3.91% 300750 CNE100003662 191,220 4,339,393
5 PANASONIC HOLDINGS CORP 3.82% 6752 JP3866800000 447,000 4,242,423
6 TESLA INC 3.72% TSLA US88160R1014 20,495 4,137,531
7 BYD CO LTD -A 3.49% 002594 CNE100001526 146,200 3,879,593
8 SAMSUNG SDI CO LTD 3.31% 006400 KR7006400006 12,973 3,672,891
9 PILBARA MINERALS LTD 3.19% PLS AU000000PLS0 1,296,709 3,546,289
10 ALBEMARLE CORP 2.94% ALB US0126531013 23,708 3,268,148

Holdings are subject to change.