Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KLXY provides exposure to leading developed markets companies from global luxury-related sectors weighted by market capitalization. These companies operate across industries, including leather goods, jewelry, accessories, skincare, cosmetics, beverages, travel, and supercar businesses.

Global Luxury Market Highlights:

  • Global luxury companies tend to have resilient pricing power, strong profitability, and high barriers to entry, offering investors potential long-term growth.
  • The luxury industry tends to be resilient in economic downturns and inflationary periods, strengthened by longstanding brand reputations and loyal customer bases.
  • The global luxury market is projected to reach $570-615 billion by 2030, which is more than double its size in 2020.1
  • China is expected to add more than 71 million people to its growing upper/high-income middle class by 2025, potentially driving future growth of global luxury companies.2
  • Post-pandemic international travel rebounded in 2022, as international tourist arrivals more than doubled compared to 2020.3 Rising outbound tourists are likely to boost luxury shopping in duty-free countries.

KLXY Features:

  • Invested in over 40 of the top global luxury companies by market capitalization, including companies such as LVMH, Hermes, Ferrari, and Pernod Ricard.
  • Access to global luxury brands across various key sectors, including luxury goods, skincare, cosmetics, beverages, travel, and vehicles.
  • Diversified exposure to developed countries outside of the United States, including France, the United Kingdom, Italy, Switzerland, and Japan.4

1. Bain & Company, “Global luxury goods market takes 2022 leap forward and remains poised for further growth despite economic turbulence”, Nov 2022. Retrieved 8/30/2023.
2. McKinsey, “2023 McKinsey China Consumer Report: A Time of Resilience”, December 2022, Retrieved 8/30/2023.
3. World Economic Forum, “Charted: How international travel bounced back strongly in 2022”, May 2023. Retrieved 8/30/2023.
4. Diversification does not ensure a profit or guarantee against a loss.

Premium Discount Chart

Daily Performance

Data as of 05/17/2024
Daily Net Asset Value (NAV) and Market Price
NAV $26.01
NAV Daily Change 0.08%
Market Price $26.00
Market Price Daily Change 0.23%
30 Day Median Bid/Ask Spread
0.32%

Performance History

Cumulative %
Data as of: 04/30/2024
Fund NAV Closing Price Index
1 Month -6.85% -7.47% -6.97%
3 Month -0.92% -0.64% -0.92%
6 Month 9.52% 8.46% 9.77%
YTD -2.08% -2.63% -2.15%
Since Inception -0.25% -0.69% 0.30%
Cumulative %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
Since Inception 7.08% 7.32% 7.82%

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 0.037146

Growth of $10,000

Data as of 05/17/2024

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 LVMH MOET HENNE 9.79% MC FR0000121014 299 254,689
2 L'OREAL 8.87% OR FR0000120321 474 230,747
3 HERMES INTERNATIONAL 7.97% RMS FR0000052292 83 207,171
4 CIE FINANCI-REG 7.63% CFR CH0210483332 1,243 198,362
5 ESSILORLUXOTTICA 6.02% EL FR0000121667 690 156,542
6 PANDORA A/S 4.70% PNDORA DK0060252690 717 122,224
7 DECKERS OUTDOOR CORP 4.61% DECK US2435371073 135 119,956
8 KAO CORP 4.47% 4452 JP3205800000 2,600 116,165
9 ESTEE LAUDER 4.42% EL US5184391044 854 115,077
10 KERING 4.37% KER FR0000121485 315 113,758

Holdings are subject to change.