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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 12/08/2022
Daily Net Asset Value (NAV) and Market Price
NAV $15.22
NAV Daily Change 3.98%
Market Price $15.18
Market Price Daily Change 3.41%
30 Day Median Bid/Ask Spread
0.22%
Distributions

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 21.86% 22.88% 22.05%
3 Month -7.79% -5.54% -7.70%
6 Month -12.85% -10.01% -12.65%
Since Inception -39.67% -38.76% -35.79%
Avg Annualized %
Data as of month end: 11/30/2022
Fund NAV Closing Price Index
1 Year -43.30% -42.18% -42.47%
3 Year -12.92% -12.52% -12.11%
5 Year -9.05% -8.86% -7.97%
Since Inception -9.37% -9.10% -8.26%
Avg Annualized %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
1 Year -50.82% -50.86% -50.23%
3 Year -13.92% -13.93% -13.13%
Since Inception -11.19% -11.30% -10.08%

*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 12/08/2022

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 12/09/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 ALIBABA HEALTH 5.19% 241 BMG0171K1018 1,388,000 1,676,210
2 PINDUODUO INC-ADR 4.60% PDD US7223041028 16,572 1,486,674
3 JD HEALTH INTERN 4.00% 6618 KYG5074A1004 118,800 1,291,976
4 NASPERS LTD-N SHS 3.82% NPN ZAE000015889 7,666 1,235,149
5 TENCENT HOLDINGS LTD 3.71% 700 KYG875721634 28,675 1,199,496
6 MEITUAN-CLASS B 3.70% 3690 KYG596691041 49,400 1,196,326
7 ALIBABA GROUP HOLDING LTD 3.64% 9988 KYG017191142 99,700 1,176,482
8 JD.COM INC - CL A 3.54% 9618 KYG8208B1014 37,625 1,144,641
9 BAIDU INC-CLASS A 3.35% 9888 KYG070341048 68,564 1,083,459
10 SEA LTD-ADR 3.34% SE US81141R1005 17,774 1,077,993

Holdings are subject to change.