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Overview

Performance

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KMED seeks to provide investment results that, before fees and expenses, track the performance of the Solactive Emerging Markets Healthcare Index. The index seeks to track the equity market performance of companies engaged in the health care sector in various emerging markets. The issuers include small-cap, mid-cap, and large-cap companies involved in hospital management, healthcare management, pharmaceutical manufacturing, and biotechnology, among other sub-industries.

Emerging Market Healthcare Sector Highlights:

  • By 2040, emerging market countries on average are projected to increase healthcare spending as percent of GDP by 24.4% compared to just 9.8% in developed markets over the same time period1.
  • In emerging markets, rapid urbanization and rising income is fueling growth in the demand for healthcare services and treatments.
  • Cases of non-communicable diseases (NCDs) such as diabetes and cancer are rising steadily in emerging market countries, presenting a growth opportunity for innovators in the healthcare space.
  • Emerging markets governments are enacting policies such as India’s “National Health Protection Mission” and China’s “Healthy China 2030 Plan” to meet the growing demand for healthcare.

KMED features:

  • Exposure to the Emerging Market healthcare industry with a low correlation to US healthcare equities. Specifically: pharmaceuticals, biotechnology, healthcare administration services, and medical equipment.
  • Access to emerging market innovators in healthcare and pharmaceutical research.
  • Exposure to companies that benefit from the growing and aging EM populations.

1.) Dieleman, Joseph L et al., “Future and potential spending on health 2015–40: development assistance for health, and government, prepaid private, and out-of-pocket health spending in 184 countries”, The Lancet , Volume 389 , Issue 10083 , 2005 - 2030.

Premium Discount Chart

Daily Performance

Data as of 02/03/2023
Daily Net Asset Value (NAV) and Market Price
NAV $23.06
NAV Daily Change -1.66%
Market Price $22.90
Market Price Daily Change -2.35%
30 Day Median Bid/Ask Spread
0.86%
Distributions

Performance History

Cumulative %
Data as of: 01/31/2023
Fund NAV Closing Price Index
1 Month 4.74% 5.61% 4.87%
3 Month 14.34% 14.51% 14.69%
6 Month 4.29% 4.78% 4.68%
Since Inception -5.92% -5.26% -3.52%
Avg Annualized %
Data as of month end: 01/31/2023
Fund NAV Closing Price Index
1 Year -5.70% -5.31% -5.63%
3 Year 1.07% 2.16% 1.58%
Since Inception -1.37% -1.21% -0.81%
Avg Annualized %
Data as of quarter end: 12/31/2022
Fund NAV Closing Price Index
1 Year -21.48% -21.11% -21.59%
3 Year -0.70% -0.42% -0.17%
Since Inception -2.44% -2.47% -1.90%

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 02/03/2023

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.

Top 10 Holdings

Data as of 02/06/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 SHENZHEN MINDR-A 4.54% 300760 CNE100003G67 2,200 102,263
2 INTL HOLDING CO PJSC 4.43% IHC AEI000201014 922 99,655
3 SUN PHARMACEUTICAL INDUS 4.41% SUNP INE044A01036 8,025 99,260
4 CELLTRION INC 4.33% 068270 KR7068270008 734 97,383
5 SAMSUNG BIOLOGICS CO LTD 4.21% 207940 KR7207940008 147 94,695
6 AIER EYE HSPTL-A 3.44% 300015 CNE100000GR6 16,423 77,524
7 BANGKOK DUSIT-F 3.16% BDMS/F TH0264A10Z12 80,600 71,206
8 WUXI BIOLOGICS CAYMAN INC 3.16% 2269 KYG970081173 8,781 71,066
9 JIANGSU HENGRU-A 3.04% 600276 CNE0000014W7 10,948 68,321
10 IHH HEALTHCARE BHD 2.99% IHH MYL5225OO007 47,500 67,268

Holdings are subject to change.