Fund Documents


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 09/29/2023
Daily Net Asset Value (NAV) and Market Price
NAV $23.43
NAV Daily Change 0.86%
Market Price $23.53
Market Price Daily Change 0.51%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 08/31/2023
Fund NAV Closing Price Index
1 Month
3 Month
6 Month
Since Inception
Cumulative %
Data as of quarter end: 06/30/2023
Fund NAV Closing Price Index
Since Inception

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

Top 10 Holdings

Data as of 09/29/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 DIAGEO PLC 8.64% DGE GB0002374006 4,099 151,793
2 Cash 8.61% 151,376 151,376
3 L'OREAL 8.53% OR FR0000120321 360 149,868
4 CIE FINANCI-REG 6.12% CFR CH0210483332 879 107,617
5 HERMES INTERNATIONAL 5.94% RMS FR0000052292 57 104,391
6 FERRARI NV 5.31% RACE NL0011585146 315 93,282
7 KERING 4.14% KER FR0000121485 159 72,707
8 LVMH MOET HENNE 4.01% MC FR0000121014 93 70,539
9 ESSILORLUXOTTICA 3.93% EL FR0000121667 395 69,071
10 ESTEE LAUDER 3.84% EL US5184391044 467 67,505

Holdings are subject to change.