Growth of $10,000


Fund Documents


Investment Strategy:

KESG seeks to track the MSCI China ESG Leaders 10/40 Index, designed to provide exposure to companies with high Environmental, Social and Governance (ESG) ratings relative to their sector peers. The Index consists of large and mid-cap companies in China. In order to ensure diversification, the Index limits individual constituent weights to 10% and sector weights to 40% of its composition.

China’s ESG Highlights:

  • Chinese domestic investors and issuers are moving fast to incorporate ESG considerations in their decision making, driven by strong regulatory initiatives to promote ESG practices and disclosures.
  • China’s commitment to stricter environmental mandates and conservation efforts is necessary to achieve national goals of sustained economic growth. Consequently, China now is the world leader in total renewable energy capacity, at approximately 31% of total global capacity1.
  • China’s economic and technological transformation drives demand for a more educated workforce. In recent years, many Chinese companies in knowledge-intensive sectors have improved their talent programs, which has in turn upgraded their MSCI ESG Rating.
  • Greater inclusion of China’s capital markets internationally creates more of an incentive to align shareholder rights and governance policies with global standards, paving the way for Chinese companies to develop a more diversified shareholder structure.

KESG Features:

  • MSCI China ESG Leaders 10/40 Index inclusion criteria has a track record of effectively identifying growth companies within China’s new economy.
  • As companies with high ESG scores have proven to consistently outperform their peers in China, investors do not necessarily have to compromise returns for investing based on beliefs.
  • Benchmarked to an MSCI ESG Index: MSCI is the #1 index provider for ESG, Socially Responsible Investment (SRI), and Corporate governance indexes according to a 2018 survey of 1,300 participants conducted by SRI Connect and Extel.

1. REN21’s Renewables 2019 Global Status Report (GSR)

Premium Discount Chart

Daily Performance

Data as of 10/18/2023
Daily Net Asset Value (NAV) and Market Price
NAV $17.10
NAV Daily Change -1.33%
Market Price $16.81
Market Price Daily Change -2.32%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 09/30/2023
Fund NAV Closing Price Index
1 Month -2.47% -3.30% -2.40%
3 Month -2.79% -4.04% -2.54%
6 Month -10.85% -11.54% -10.38%
YTD -7.65% -7.63% -6.97%
Since Inception -25.38% -26.15% -23.55%
Avg Annualized %
Data as of quarter end: 09/30/2023
Fund NAV Closing Price Index
1 Year 3.79% 3.19% 4.55%
3 Year -10.14% -10.64% -9.48%
Since Inception -8.81% -9.10% -8.11%

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
10/17/2023 10/18/2023 10/19/2023 0.132180
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.403371
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.627462
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2020 12/30/2020 12/31/2020 0.151115

Growth of $10,000

Data as of 10/18/2023

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. 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 10/18/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 Cash 91.22% 3,893,305 3,893,305
2 CHINESE YUAN RENMINBI 8.78% 2,745,386 374,625
3 HONG KONG DOLLAR 0.00% 415 53
4 JOINTOWN PHARMACEUTICAL-A 0.00% 600998 CNE100000W45 1 1

Holdings are subject to change.