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Overview

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Overview

Investment Strategy:

KMET tracks the Bloomberg Electrification Metals Index, composed of futures contracts on aluminum, copper, nickel, zinc, cobalt, and lithium. From Electric Vehicles (EVs) and batteries to renewable energy infrastructure, the metals exposures within KMET are experiencing strong demand from a range of electrification uses. We believe these metals' value will increase alongside accelerating global decarbonization efforts.

Electrification Metals Highlights:

  • More than $140 trillion of investment is needed for the clean energy transition over the next thirty years.1
  • To reach climate goals, a tripling of mineral demand is expected from the low-carbon power generation sector by 2040.2
  • Transitional commodities are expected to experience a demand and supply imbalance over the next decade.

KMET Features:

  • Provides a unique thematic exposure to transitional commodities and a hedge against climate change, inflation, and supply-side disruptions.
  • May be a beneficiary of increasing demand for electrification with the continued decarbonization of the global economy and strengthened climate policy.
  • Can provide potential portfolio diversification,3 as climate-aligned investments may act as a differentiated and non-correlated source of return that are not driven by the economic cycle.

1. International Renewable Energy Agency (IRENA). Forecast as of June of 2021. Data retrieved in May 31, 2022.
2. IEA, “The Role of Critical Minerals in Clean Energy Transitions”, May 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 $27.62
NAV Daily Change 1.79%
Market Price $27.53
Market Price Daily Change 0.31%
30 Day Median Bid/Ask Spread
0.64%
Distributions

Performance History

Cumulative %
Data as of: 11/30/2022
Fund NAV Closing Price Index
1 Month 12.48% 13.34% 12.85%
3 Month
6 Month
Since Inception 8.52% 9.76% 8.69%
Cumulative %
Data as of quarter end: 09/30/2022
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.

Electrification Metals Futures

Data as of 12/02/2022
Name Identifier Position Current Exposure($) % NAV
Nickel 2022 Future LNZ2 Comdty 40 6,900,720 31.23%
Copper 2023 Future HGH3 Comdty 58 5,583,225 25.27%
Aluminum 2022 Future LAZ22 Comdty 69 4,354,676 19.71%
Zinc 2022 Future LXZ2 Comdty 40 3,087,500 13.97%
Cobalt 2022 Future CVTZ2 Comdty 33 1,582,366 7.16%
Lithium 2022 Future LFAZ2 Comdty 14 1,190,000 5.39%
22,698,487 103%

Collateral and Currency Management

Data as of 12/02/2022
Name Identifier Position Current Exposure($) % NAV
USD Cash & Equivalents** USD 22,550,153 22,550,153 102.05%
22,550,153 102%

Holdings, futures, and collateral are subject to change.
**Includes USD cash deposits & cash in margin accounts ($22,550,153)

Top 10 Holdings

Data as of 12/02/2022 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Type Shares Held Market Value($) Notional Value($)
1 Cash 100.00% Cash 22,550,153 22,550,153 0
2 COBALT FASTMARKET DEC22 0.00% CVTZ2 Future 33 0 1,582,366
3 COPPER FUTURE MAR23 0.00% HGH3 Future 58 0 5,583,225
4 LITHIUM LIOH COME DEC22 0.00% LFAZ2 Future 14 0 1,190,000
5 LME NICKEL FUTURE DEC22 0.00% LNZ2 Future 40 0 6,900,720
6 LME PRI ALUM FUTR DEC22 0.00% LAZ22 Future 69 0 4,354,676
7 LME ZINC FUTURE DEC22 0.00% LXZ2 Future 40 0 3,087,500

Holdings are subject to change.