Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KTEC seeks to track the performance of the Hang Seng TECH Index, which captures the 30 largest companies in Hong Kong's rapidly growing technology sector. The Index provides exposure to innovative companies with strong research & development investment, high revenue growth, and themes such as cloud, E-Commerce, fintech and internet. The Index is freefloat market capitalization weighted with an 8% cap on individual constituent weighting.

Hong Kong Technology Sector Highlights:

  • In 2023, about 27.6% of the total retail sales in China were made online, increasing from 27.2% in 20221.
  • China is a world leader in 5G spending and adoption. By 2025, China is projected to have over 1 billion 5G users, accounting for 38% of total global use.
  • In 2023, the total market value of mainland Chinese companies listed on the Hong Kong Stock Exchange (HKSE) exceeded 24 trillion Hong Kong dollars. These mainland Chinese firms represented 76% of the total market capitalization on the HKSE.3

KTEC Provides:

  • Holistic exposure to Hong Kong’s technology ecosystem, including E-Commerce, 5G, social media, healthcare IT, and more.
  • Exposure to companies benefitting from increasing domestic consumption by China's growing middle class.
  • Access to Hong Kong-listed 5G and semiconductor companies that offer a potential source of uncorrelated, long-term growth.

1. Data from Statista as of 12/31/2023.
2. Data from Statista and GSMA as of 3/31/2024.
3. Daniel, Slotta. “Market capitalization of listed enterprises from mainland China at Kong Kong Exchange in Hong Kong from 2015 to 2023,” Statista. March 25, 2024. Retrieved 3/31/2024.

Premium Discount Chart

Daily Performance

Data as of 12/12/2024
Daily Net Asset Value (NAV) and Market Price
NAV $14.20
NAV Daily Change 1.57%
Market Price $13.96
Market Price Daily Change 0.29%
30 Day Median Bid/Ask Spread
0.52%

Performance History

Cumulative %
Data as of: 11/30/2024
Fund NAV Closing Price Underlying Index
1 Month -3.18% -2.95% -3.32%
3 Month 20.70% 22.55% 22.57%
6 Month 16.71% 16.01% 19.18%
YTD 16.41% 16.81% 17.25%
Since Inception -45.84% -45.55% -44.21%
Avg Annualized %
Data as of month end: 11/30/2024
Fund NAV Closing Price Underlying Index
1 Year 12.85% 13.92% 13.23%
3 Year -9.90% -9.54% -9.52%
Since Inception -16.15% -16.02% -15.43%
Avg Annualized %
Data as of quarter end: 09/30/2024
Fund NAV Closing Price Underlying Index
1 Year 24.43% 21.14% 23.56%
3 Year -7.34% -8.59% -7.20%
Since Inception -14.27% -15.13% -13.85%

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 0.092978
2022 Distributions
Ex-Date Record Date Payable Date Amount
12/28/2022 12/29/2022 12/30/2022 0.020779
2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 0.000000

Growth of $10,000

Data as of 12/12/2024

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 12/13/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 XIAOMI CORP-CLASS B 8.76% 1810 KYG9830T1067 270,400 1,090,098
2 ALIBABA GROUP HOLDING LTD 8.58% 9988 KYG017191142 96,800 1,067,409
3 MEITUAN-CLASS B 8.41% 3690 KYG596691041 50,080 1,047,144
4 TENCENT HOLDINGS LTD 8.30% 700 KYG875721634 19,600 1,032,879
5 JD.COM INC-CLASS A 8.20% 9618 KYG8208B1014 54,959 1,020,534
6 KUAISHOU TECHNOLOGY 7.00% 1024 KYG532631028 145,800 871,830
7 LI AUTO INC-CLASS A 5.91% 2015 KYG5479M1050 66,600 736,108
8 NETEASE INC 4.99% 9999 KYG6427A1022 32,805 620,546
9 TRIP.COM GROUP LTD 4.97% 9961 KYG9066F1019 8,450 618,287
10 XPENG INC-A SHRS 3.79% 9868 KYG982AW1003 76,800 472,074

Holdings are subject to change.