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 market.1

Future Mobility Sector Highlights:

  • 57% of new car sales and 31% of the global car fleet are projected to be electric by 2040.1
  • The global electric vehicle (EV) market value reached $436 billion in 20225 and is projected to reach $1.4 trillion by 2027.4
  • Global spending on electric cars was up 50% in 2022 relative to 2021, reaching around $425 billion.2
  • Passenger car advanced driver-assistance systems and autonomous driving systems could generate between $300 billion and $400 billion in the passenger car market by 2035.3

1.) Projection from Bloomberg New Energy Finance as of 12/31/2022. Retrieved 6/30/2024.
2.) Data from IEA as of 12/31/2022. Retrieved 6/30/2024.
3.) Data from McKinsey & Company as of January 2023. Retrieved 6/30/2024.
4.) Statista. “Electric vehicles - global market size 2021 & 2027.” Statista. 25 July 2022. Retrieved 6/30/2024.
5.) Data from Canalys and Statista as of 12/31/2022. Retrieved 6/30/2024.

Premium Discount Chart

Daily Performance

Data as of 11/07/2024
Daily Net Asset Value (NAV) and Market Price
NAV $23.09
NAV Daily Change 1.63%
Market Price $23.30
Market Price Daily Change 4.67%
30 Day Median Bid/Ask Spread
1.34%

Performance History

Cumulative %
Data as of: 10/31/2024
Fund NAV Closing Price Underlying Index
1 Month -5.08% -4.03% -4.85%
3 Month 12.96% 12.24% 13.12%
6 Month 1.51% 0.97% 1.68%
YTD -14.27% -14.75% -13.49%
Since Inception 0.19% -1.19% 4.65%
Avg Annualized %
Data as of month end: 10/31/2024
Fund NAV Closing Price Underlying Index
1 Year -5.48% -6.68% -4.73%
3 Year -22.63% -23.04% -22.07%
5 Year 2.73% 2.48% 3.75%
Since Inception 0.03% -0.18% 0.67%
Avg Annualized %
Data as of quarter end: 09/30/2024
Fund NAV Closing Price Underlying Index
1 Year -14.42% -16.35% -13.87%
3 Year -18.11% -18.76% -17.51%
5 Year 4.78% 4.30% 5.78%
Since Inception 0.81% 0.44% 1.43%

The Custom Blended KARS Index consists of the Solactive Electric Vehicles and Future Mobility Index from the inception of the Fund through June 15, 2021 and the Bloomberg Electric Vehicles Total Return Index going forward.

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

View More

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 11/07/2024

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 11/08/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CONTEMPORARY A-A 4.81% 300750 CNE100003662 112,120 4,012,606
2 TESLA INC 4.48% TSLA US88160R1014 11,642 3,739,643
3 XPENG INC-A SHRS 4.28% 9868 KYG982AW1003 483,800 3,568,700
4 BYD CO LTD -A 4.02% 002594 CNE100001526 80,900 3,349,540
5 GEELY AUTOMOBILE 3.89% 175 KYG3777B1032 1,709,000 3,240,040
6 ALBEMARLE CORP 3.75% ALB US0126531013 31,029 3,128,964
7 PANASONIC HOLDINGS CORP 3.75% 6752 JP3866800000 345,400 3,125,992
8 ARCADIUM LITHIUM PLC 3.65% ALTM JE00BM9HZ112 568,294 3,046,056
9 LI AUTO INC-CLASS A 3.64% 2015 KYG5479M1050 245,400 3,031,675
10 SERES GROUP CO L-A 3.29% 601127 CNE1000028B9 147,100 2,744,076

Holdings are subject to change.