Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KEMQ seeks to track the Solactive Emerging Markets Consumer Technology Index. The Index selects companies from 26 eligible countries within emerging markets whose primary business or businesses are internet retail, internet software/services, purchase, payment processing, or software for internet and E-Commerce transactions. Upon rebalance, constituent weights are capped at 3% and country weights are capped at 40%.

Emerging Markets Consumer Technology Highlights:

  • Internet adoption is expanding rapidly within emerging markets at the same time that domestic consumption and retail sales are steadily increasing and frequently taking place online
  • According to a study from the Brookings Institution, middle class consumption could reach 50% of total global consumption by the year 2030, more than doubling from 20151
  • We believe the growth of internet adoption within emerging markets is a long term secular theme that may continue to play out over the course of decades

KEMQ features:

  • Access to emerging market internet companies that provide similar services as Google, Facebook, PayPal, Amazon, etc.
  • Exposure to companies that stand to benefit from increasing domestic consumption by emerging markets' growing middle class
  • Exposure to emerging market companies facilitating mobile E-Commerce sales

1.) Homi Kharas, “The Unprecedented Expansion of the Global Middle Class” Brookings Institution, February 2017

Premium Discount Chart

Daily Performance

Data as of 06/17/2024
Daily Net Asset Value (NAV) and Market Price
NAV $15.91
NAV Daily Change -0.19%
Market Price $15.93
Market Price Daily Change 1.21%
30 Day Median Bid/Ask Spread
0.51%

Performance History

Cumulative %
Data as of: 05/31/2024
Fund NAV Closing Price Index
1 Month 1.64% 3.60% 1.60%
3 Month 9.19% 10.38% 7.82%
6 Month 5.26% 6.97% 3.65%
YTD 4.04% 5.65% 2.64%
Since Inception -35.27% -34.94% -31.09%
Avg Annualized %
Data as of month end: 05/31/2024
Fund NAV Closing Price Index
1 Year 11.63% 12.78% 10.52%
3 Year -21.43% -21.32% -21.34%
5 Year -4.97% -4.93% -4.30%
Since Inception -6.34% -6.27% -5.45%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year -2.47% -2.41% -2.75%
3 Year -22.46% -22.66% -21.86%
5 Year -7.46% -7.59% -6.75%
Since Inception -7.06% -7.12% -6.12%

*Fee waivers are contractual and in effect until August 1, 2024

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 0.042234
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.000000
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.066803
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2020 12/30/2020 12/31/2020 0.743825

View More

2019 Distributions
Ex-Date Record Date Payable Date Amount
12/27/2019 12/30/2019 12/31/2019 0.421897

Growth of $10,000

Data as of 06/17/2024

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 06/18/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 SK HYNIX INC 3.86% 000660 KR7000660001 3,624 615,305
2 TSMC 3.65% 2330 TW0002330008 20,000 582,368
3 SEA LTD-ADR 3.65% SE US81141R1005 7,619 581,177
4 TENCENT HOLDINGS LTD 3.54% 700 KYG875721634 11,675 563,710
5 NASPERS LTD-N SHS 3.53% NPN ZAE000325783 2,718 562,409
6 MEITUAN-CLASS B 3.50% 3690 KYG596691041 37,898 558,169
7 PDD HOLDINGS INC 3.44% PDD US7223041028 3,801 548,028
8 JD.COM INC-CLASS A 3.42% 9618 KYG8208B1014 37,725 545,482
9 NETEASE INC 3.36% 9999 KYG6427A1022 29,700 535,190
10 ALIBABA GROUP HOLDING LTD 3.30% 9988 KYG017191142 57,000 526,341

Holdings are subject to change.