Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KFVG seeks to measure the performance of the CICC China 5G and Semiconductor Leaders Index. The Index is designed to track the performance of companies engaged in the 5G and semiconductor related businesses, including 5G equipment, semiconductors, electronic components and big data centers.

China 5G & Semiconductor Highlights:

  • Integration of 5G with other next generation technologies will further enhance efficiency, quality, and safety of products/ experiences across a range industries.
  • China is a world leader in 5G spending and adoption. By 2025, China is projected to have over 400 million 5G users, accounting for 40% of total global use1.
  • China is becoming more self-sufficient in semiconductor development largely due to government policies and funding specifically for the industry. As stated in “Made in China 2025” initiative, China aims to produce 70% of the semiconductors used domestically by 2025 and have complete import substitution by 20302.

KFVG Features:

  • Access to China’s 5G and semiconductor companies that offer a potential source of uncorrelated, long-term growth.
  • Exposure to Chinese technology companies listed in Mainland China, Hong Kong, and the United States.
  • Tracks an index developed by China International Capital Corporation (CICC) Research. CICC is a leading, publicly traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity and wealth management. In 2019, the CICC Research Team ranked #1 in Institutional Investor’s All-China Research Category for the eighth year in a row.

1. UBS, “The China 5G Opportunity”, retrieved 9/30/2020.
2. US Chamber of Commerce, “Made in China 2025: Global Ambitions Built on Local Protections”, 2017.

Premium Discount Chart

Daily Performance

Data as of 05/16/2024
Daily Net Asset Value (NAV) and Market Price
NAV $15.22
NAV Daily Change 0.86%
Market Price $15.33
Market Price Daily Change 1.25%
30 Day Median Bid/Ask Spread
0.4%

Performance History

Cumulative %
Data as of: 04/30/2024
Fund NAV Closing Price Index
1 Month 3.71% 2.04% 3.48%
3 Month 26.91% 26.88% 27.27%
6 Month 5.51% 4.95% 5.60%
YTD 1.21% 0.87% 1.11%
Since Inception -39.27% -39.59% -36.94%
Avg Annualized %
Data as of month end: 04/30/2024
Fund NAV Closing Price Index
1 Year -9.13% -9.66% -8.76%
3 Year -14.67% -14.76% -13.89%
Since Inception -13.51% -13.64% -12.56%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year -17.85% -16.72% -17.24%
3 Year -14.08% -13.97% -13.20%
Since Inception -14.75% -14.47% -13.73%

*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 0.038947
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.054016
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.000000

Growth of $10,000

Data as of 05/16/2024

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 05/17/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 FOXCONN INDUST-A 10.76% 601138 CNE1000031P3 254,974 906,370
2 XIAOMI CORP-CLASS B 9.33% 1810 KYG9830T1067 307,400 785,790
3 LUXSHARE PRECI-A 5.73% 002475 CNE100000TP3 110,205 482,297
4 HYGON INFORMAT-A 4.19% 688041 CNE100005PT2 34,501 352,514
5 BOE TECHNOLOGY-A 3.91% 000725 CNE0000016L5 539,530 329,102
6 NAURA TECH GR -A 3.74% 002371 CNE100000ML7 7,818 314,677
7 ZTE CORP-H 3.50% 763 CNE1000004Y2 126,800 294,547
8 ZHONGJI INNOLI-A 3.39% 300308 CNE100001CY9 12,100 285,490
9 BEIJING KINGSO-A 3.26% 688111 CNE100003PM2 7,069 274,830
10 WILL SEMICONDU-A 2.91% 603501 CNE100002XM8 17,806 244,857

Holdings are subject to change.