Knowledge Leaders Developed World ETF

 
 

KLDW: $33.49
NAV as of 8/15/2018

Investment Objective: To provide investment results that, before fees and expenses, correspond generally to the total return performance of the Knowledge Leaders Developed World Index.
A Knowledge Leaders Strategy: The strategy seeks to transform the Knowledge Effect into portfolio alpha. The Knowledge Effect is the tendency of highly innovative companies to experience excess returns.
How to Use the Fund: For core exposure to developed world equities.

Key Facts

(as of 8/15/2018)

Ticker:
Related index:
Asset class:
Morningstar Category:
Inception:
Expense ratio:
Net Assets:
Shares outstanding:
Number of holdings:
Primary exchange:
CUSIP:
Market Price (daily change):
Bid/Ask Midpoint:
Bid/Ask Premium/Discount:
KLDW
KNLGX
Equity
World Large Stock
07/07/2015
0.75%
$147,339,961
4,400,001
340
NYSE Arca
30151E608
$33.45 | -0.46
$33.43
$-0.06 | -0.18

Performance

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please visit www.knowledgeleadersfunds.com/kldw.

The NAV is the ETF’s per share. The market price is the price that the ETF share currently trades in the secondary market.

Past performance is no guarantee of future results. Ratings may reflect fee waivers in effect; in their absence, ratings may have been lower. Ratings for other share classes may vary. As of 7/31/18, the Knowledge Leaders Developed World ETF (KLDW) was rated against the following numbers of U.S.-domiciled World Large Stock funds over the following time periods: 727 funds in the last three years and 727 funds overall. With respect to these World Large Stock funds, the Knowledge Leaders Developed World ETF (KLDW) received a Morningstar Rating of 4 stars and 4 stars for the three-year and overall periods, respectively.

Alpha-Seeking Focus

Many investors expect an ETF’s results simply to match those of a benchmark index. We designed the Knowledge Leaders Developed World ETF for investors who seek more.  KLDW seeks to transform the excess returns of highly innovative companies into portfolio alpha. We test for outperformance by measuring alpha, or excess returns against a benchmark. The chart below compares KLDW’s alpha generated since inception to the most widely-tracked international indexes by major ETF brands over the same period.  

Since inception, as of 7/31/18. Inception date 7/7/15. Past performance does not guarantee future performance. For the comparison, all data above is benchmarked vs. the MSCI World Index. An investor cannot invest directly in an index.

 

Risk Metrics
(as of 7/31/2018 - Trailing Since Inception)

 
KLDW
MSCI World Index
 
Beta
0.79
1.00
Alpha (%)
3.54
0.00
Standard Deviation (%)
12.69
13.65
Sharpe Ratio
1.22
0.96
Treynor Ratio
13.56
8.81
Correlation (%)
85.00
100.00
Upside Capture (%)
84.54
100.00
Downside Capture (%)
79.08
100.00
Max Drawdown (%)
-13.42
-16.80
Active Share
84.10
0.00

 

Allocations
(as of 7/31/2018)

Allocations by Sector


Allocations by Region

Bellwether Companies
(as of 7/31/2018)

Bellwether Companies
% Weight in Portfolio
Apple Inc.
0.34
ASML Holding NV
0.54
AT&T Inc.
0.13
BASF SE
0.31
Canon Inc.
0.38
Cisco Systems, Inc.
0.34
CSL Limited
0.47
Facebook, Inc. Class A
0.31
Intel Corporation
0.31
Nippon Telegraph and Telephone Corporation
0.27
Novartis AG
0.46
Oracle Corporation
0.26
Roche Holding Ltd Genusssch.
0.30
Sanofi
0.28
Seven & I Holdings Co., Ltd.
0.47
Shin-Etsu Chemical Co Ltd
0.59
Siemens AG
0.37
Singapore Telecommunications Limited
0.25

  View Portfolio Holdings

Fund Materials & Commentary

A complete guide to KLDW ETFdownload

Everything you need to know to invest in KLDWdownload

KLDW quarterly performance update & analysis download

 

An overview of our investment strategy and products download

 

Investment Strategy

keimagessemi-1

The Knowledge Leaders Developed World ETF is a Knowledge Leaders investment product. The Knowledge Leaders Strategy seeks to transform the Knowledge Effect into portfolio alpha. 

Read about the foundations of our strategy and download research at www.KnowledgeLeadersCapital.com.

News
PDFJuly 16, 2018

Knowledge Leaders ETF Marks 3-Year Milestone, Continues Record of Outperformance

PDFOctober 24, 2017

Knowledge Leaders ETF Surpasses $100 Million in Assets

PDFAugust 15, 2017

Knowledge Leaders Developed World ETF Marks 2-Year Milestone with Continued Growth and Outperformance

Investor Resources

PDF Prospectus
PDF SAI
PDF Semi-Annual Report
PDF Annual Report

XBRL – August 2017

For more information about XBRL (eXtensible Business Reporting Language) and a free XBRL reader, click here.

Definitions

Please consider the Fund’s investment objectives, risks, charges and expenses before investing. The prospectus or summary prospectus that contains this and other information about the Funds is available by calling 844-428-3525 and should be read carefully.

Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. Currency Risk is the risk that the values of foreign investments may be affected by changes in the currency rates or exchange control regulations. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. The Fund’s return may not match or achieve a high degree of correlation with the return of the Index.

The bellwether companies list is comprised of the top six companies within each region that have the highest market capitalization. Holdings are subject to change.

Knowledge Leaders Developed World ETF is distributed by Foreside Fund Services, LLC.

Shares of the Funds may be sold throughout the day on the exchange through any brokerage account. However, shares are not individually redeemable, and may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained. Shares may trade above or below NAV.

© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar RatingTM
The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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