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Overview

Performance

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KGHG is an actively managed ETF that aims to capture the low-carbon leaders of the future. KGHG focuses on companies in traditionally high emissions industries that are on the cusp of the transition away from fossil fuels to renewable technology. Companies in high-impact industries with a stated commitment and demonstrated action towards decarbonization may see superior growth compared to their peers and their own histories as well as be revalued as their businesses become ‘greener.’

Decarbonization Highlights

  • Global energy demand will grow 50% by 20501 and 80% of the world’s energy use is still fossil fuels.2 If we continue on this track scientists predict we could see catastrophic flooding and extreme weather events that could make large portions of the earth uninhabitable.
  • Decarbonizing operations is becoming increasingly important as pressure for companies to address climate change intensifies.
  • Three core drivers of decarbonization include: greater policy reforms around regulating emissions, increasing inflows into ESG and impact investments, and technological advancements driving down costs for renewables.
  • Sectors with high emissions will face substantial impact on demand, production cost, employment and cost of capital as the cost of CO2 emissions rises.
  • Green capital expenditure is an emerging multi-decade secular theme that is crucial in facilitating the decarbonization transition across industries. This significant increase in infrastructure spending will create investment opportunities.

KGHG Features

  • Provides access to the emerging decarbonization leaders disrupting their industries
  • Can provide potential portfolio diversification, as climate-focused investments may act as a differentiated and non-correlated source of return that are not driven by the economic cycle3
  • A liquid global thematic climate-aligned strategy, diversified by sector, geography, and market cap3
  • Active management allows for dynamic exposure in an evolving investible universe
  • Tax efficiency – portfolio rebalancing does not incur tax impact from capital gains in actively managed portfolio

1. US Energy Information Administration, 2021.
2. Environmental and Energy Study Institute, 2021.
3. Diversification does not ensure a profit or guarantee against a loss.

Premium Discount Chart

Daily Performance

Data as of 12/01/2022
Daily Net Asset Value (NAV) and Market Price
NAV $24.72
NAV Daily Change 1.24%
Market Price $24.77
Market Price Daily Change 0.49%
30 Day Median Bid/Ask Spread
0.6%
Distributions

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 7.44% 8.45% 7.00%
3 Month 2.13% 3.35% 4.10%
6 Month -5.17% -4.31% -1.56%
Since Inception -2.32% -1.40% -3.49%
Cumulative %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
Since Inception -15.84% -16.32% -15.87%

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 12/01/2022

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 12/02/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 AES CORP 4.09% AES US00130H1059 3,524 101,033
2 BP PLC 3.74% BP/ GB0007980591 15,719 92,344
3 RWE AG 3.66% RWE DE0007037129 2,048 90,218
4 RELIANC-GDR 144A 3.53% RIGD US7594701077 1,323 87,120
5 SCHLUMBERGER LTD 3.51% SLB AN8068571086 1,641 86,628
6 BAKER HUGHES CO 3.47% BKR US05722G1004 2,902 85,638
7 QUANTA SERVICES INC 3.42% PWR US74762E1029 551 84,342
8 SCHNEIDER ELECTRIC SE 3.38% SU FR0000121972 567 83,424
9 REXEL SA 3.37% RXL FR0010451203 4,500 83,186
10 ENI SPA 3.35% ENI IT0003132476 5,679 82,628

Holdings are subject to change.