Growth of $10,000


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 06/20/2024
Daily Net Asset Value (NAV) and Market Price
NAV $27.12
NAV Daily Change 1.23%
Market Price $27.09
Market Price Daily Change 0.67%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 05/31/2024
Fund NAV Closing Price Index
1 Month 0.78% 2.17% 0.91%
3 Month 1.61% 2.59% 2.14%
6 Month 8.36% 9.82% 9.37%
YTD 2.10% 2.51% 2.82%
Since Inception 19.89% 20.63% 24.10%
Avg Annualized %
Data as of month end: 05/31/2024
Fund NAV Closing Price Index
1 Year 13.62% 14.66% 17.00%
Since Inception 11.17% 11.57% 13.44%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year 11.44% 11.29% 14.64%
Since Inception 11.44% 11.51% 13.69%

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 2.394892
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.223284

Growth of $10,000

Data as of 06/20/2024

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 06/20/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 PETROCHINA CO LTD-H 7.15% 857 CNE1000003W8 194,000 193,896
2 CHINA MERCHANTS BANK-H 4.81% 3968 CNE1000002M1 28,500 130,372
3 PING AN 4.68% 2318 CNE1000003X6 26,500 126,996
4 CHINA RESOURCES LAND LTD 3.67% 1109 KYG2108Y1052 28,500 99,514
5 BOSIDENG INTL HLDGS LTD 3.61% 3998 KYG126521064 170,000 98,024
6 APA GROUP 3.34% APA AU000000APA1 16,230 90,656
7 ENN ENERGY HOLDINGS LTD 3.25% 2688 KYG3066L1014 10,100 88,263
8 HONG KONG & CHINA GAS 3.09% 3 HK0003000038 111,000 83,774
9 CKI HOLDINGS 2.88% 1038 BMG2178K1009 14,000 78,125
10 SWIRE PROPERTIES LTD 2.87% 1972 HK0000063609 47,800 77,909

Holdings are subject to change.