Fund Documents


Investment Strategy:

KDIV gives investors access to the S&P Dividend Aristocrats methodology applied to the Pan Asia region, one of the fastest-growing areas in the world. The S&P Pan Asia Dividend Aristocrats Index includes companies from China, Japan, Australia, and other Asian countries, that have paid and increased their dividends over a sustained period of time. Over the long term, companies with a strong track record of paying and growing dividends may outperform the broad market on a risk-adjusted basis.

Why Dividend Growth?

  • As a decade of low-interest rates ends, investors are increasingly searching for growth and income in their portfolios. Simultaneously, as global equity market volatility increases, investors may want defensive strategies to weather market turbulence.
  • Adding dividend growers to an investment portfolio may result in lower volatility, compounded growth on dividend reinvestment, and reduced drawdown in declining markets.
  • Strong dividend growth is generally a positive signal from company insiders of confidence in the future of the business, as well as a pro-shareholder orientation.

Why Pan Asia Region?

  • The International Monetary Fund forecasts GDP growth in the Asia Pacific region to be 4.9% in 2022 and 5.1% in 2023.1
  • While much of the western world is actively tightening monetary policy, major Asian central banks have remained more accommodative.
  • From 2009 to 2021, Asia Dividend Aristocrats averaged a higher yield than the S&P Pan Asia Broad Market Index (BMI).1

1. “The Case for Dividend Aristocrats in Pan Asia”, S&P Dow Jones Indices, Aug 29, 2022. Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country.

Premium Discount Chart

Daily Performance

Data as of 12/02/2022
Daily Net Asset Value (NAV) and Market Price
NAV $25.16
NAV Daily Change -1.09%
Market Price $25.48
Market Price Daily Change 0.22%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 17.62% 19.00% 17.76%
3 Month
6 Month
Since Inception 0.92% 2.20% 0.78%
Cumulative %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
Since Inception -9.32% -9.28% -9.33%

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.

Top 10 Holdings

Data as of 12/02/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 NEW CHINA LIFE-H 4.54% 1336 CNE100001922 49,000 114,196
2 APA GROUP 3.45% APA AU000000APA1 11,344 86,668
3 SINOPHARM GROUP CO-H 3.16% 1099 CNE100000FN7 34,000 79,500
4 JB HI-FI LTD 2.99% JBH AU000000JBH7 2,469 75,201
5 CHINA RESOURCES LAND LTD 2.75% 1109 KYG2108Y1052 16,000 69,068
6 SWIRE PROPERTIES LTD 2.66% 1972 HK0000063609 28,800 66,823
7 NEW WORLD DEVELOPMENT 2.53% 17 HK0000608585 27,000 63,757
8 CKI HOLDINGS 2.52% 1038 BMG2178K1009 12,500 63,354
9 HENDERSON LAND D 2.46% 12 HK0012000102 20,000 61,925
10 PING AN-H 2.39% 2318 CNE1000003X6 10,000 60,126

Holdings are subject to change.