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Overview

Performance

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 05/25/2023
Daily Net Asset Value (NAV) and Market Price
NAV $14.19
NAV Daily Change -1.05%
Market Price $14.05
Market Price Daily Change -0.71%
30 Day Median Bid/Ask Spread
0.41%
Distributions

Performance History

Cumulative %
Data as of: 04/30/2023
Fund NAV Closing Price Index
1 Month -4.19% -3.68% -4.07%
3 Month -9.52% -9.85% -9.16%
6 Month 23.54% 22.80% 24.56%
Since Inception -38.84% -38.80% -34.47%
Avg Annualized %
Data as of month end: 04/30/2023
Fund NAV Closing Price Index
1 Year -11.70% -9.90% -10.77%
3 Year -11.36% -10.99% -10.30%
5 Year -9.54% -9.51% -8.75%
Since Inception -8.47% -8.46% -7.33%
Avg Annualized %
Data as of quarter end: 03/31/2023
Fund NAV Closing Price Index
1 Year -15.30% -14.60% -14.47%
3 Year -7.08% -7.32% -6.00%
5 Year -9.63% -9.89% -8.76%
Since Inception -7.88% -7.96% -6.73%

*Fee waivers are contractual and in effect until August 1, 2023

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 05/25/2023

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 05/26/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 XP INC - CLASS A 4.27% XP KYG982391099 28,839 545,345
2 MERCADOLIBRE INC 3.90% MELI US58733R1023 388 497,517
3 MEITUAN-CLASS B 3.60% 3690 KYG596691041 28,598 459,905
4 NETEASE INC 3.55% 9999 KYG6427A1022 27,200 453,053
5 ZOMATO LTD 3.54% ZOMATO INE758T01015 554,199 451,366
6 NASPERS LTD-N SHS 3.49% NPN ZAE000015889 2,772 445,756
7 TENCENT HOLDINGS LTD 3.38% 700 KYG875721634 10,475 431,041
8 ALIBABA GROUP HOLDING LTD 3.33% 9988 KYG017191142 42,400 425,632
9 ONE 97 COMMUNICATIONS LTD 3.11% PAYTM INE982J01020 46,487 397,557
10 KRAFTON INC 3.01% 259960 KR7259960003 2,746 383,978

Holdings are subject to change.