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Overview

Performance

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 02/03/2023
Daily Net Asset Value (NAV) and Market Price
NAV $33.86
NAV Daily Change -2.11%
Market Price $33.54
Market Price Daily Change -2.78%
30 Day Median Bid/Ask Spread
0.3%
Distributions

Performance History

Cumulative %
Data as of: 01/31/2023
Fund NAV Closing Price Index
1 Month 18.51% 19.47% 18.65%
3 Month 11.40% 12.17% 11.94%
6 Month -8.80% -8.40% -7.96%
Since Inception 49.09% 50.26% 54.70%
Avg Annualized %
Data as of month end: 01/31/2023
Fund NAV Closing Price Index
1 Year -19.25% -19.50% -18.25%
3 Year 15.10% 15.62% 16.77%
5 Year 8.54% 8.62% 9.30%
Since Inception 8.25% 8.42% 9.05%
Avg Annualized %
Data as of quarter end: 12/31/2022
Fund NAV Closing Price Index
1 Year -39.04% -39.19% -38.32%
3 Year 8.79% 8.84% 10.34%
Since Inception 4.74% 4.74% 5.50%

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.

Growth of $10,000

Data as of 02/03/2023

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.

Top 10 Holdings

Data as of 02/06/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 CONTEMPORARY A-A 4.74% 300750 CNE100003662 147,389 9,754,209
2 SAMSUNG SDI CO LTD 4.11% 006400 KR7006400006 15,102 8,450,610
3 APTIV PLC 4.09% APTV JE00B783TY65 73,093 8,402,040
4 TESLA INC 4.03% TSLA US88160R1014 42,512 8,279,637
5 ALBEMARLE CORP 3.70% ALB US0126531013 27,469 7,603,694
6 PANASONIC HOLDINGS CORP 3.56% 6752 JP3866800000 838,700 7,316,373
7 NIDEC CORP 3.36% 6594 JP3734800000 124,900 6,909,642
8 LI AUTO INC-CLASS A 3.15% 2015 KYG5479M1050 516,700 6,480,029
9 BYD CO LTD -A 2.88% 002594 CNE100001526 139,200 5,928,476
10 GEELY AUTOMOBILE 2.87% 175 KYG3777B1032 3,809,000 5,903,206

Holdings are subject to change.