KLDW

Fund Description
The Fund seeks to provide investment results that track the performance Knowledge Leaders Developed World Index, before fees and expenses, correspond generally to the total return performance. The Gavekal Knowledge Leaders Indexes are equal-weighted indexes that track highly innovative companies. The indexes are designed to capture the Knowledge Effect, the tendency of stocks of highly innovative companies to experience excess returns. The indexes are constructed of Knowledge Leaders through Gavekal s proprietary process that measures a company s investment in its future growth. The model adjusts a company s financial history to capitalize these investments and reveal the companies with the greatest knowledge intensity. The companies that pass a quantitative Knowledge Leaders screen comprise the indexes. The indexes consist of mid- and large-cap companies from the developed world, including North America, Europe and Asia, or the emerging markets, including Asia, Europe and Latin America.
Fund Profile
Fund Name Knowledge Leaders Developed World ETF
Fund Exchange Ticker KLDW
Fund Sponsor Gavekal Capital
Fund ISIN US30151E6086
Net Expense Ratio 0.75 %
Fund Inception Date 8 July 2015
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Knowledge Leaders Developed World Index
Index Provider GaveKal Knowledge Leaders Indexes
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large & Mid Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 127.87 Million (USD)
1 Month Total Return 2.95 %
Year To Date Return 14.35 %
1 Year Total Return -2.57 %
3 Year Annualized Total Return 9.54 %
NAV 33.2132
Share Outstanding 3,850,000
Top 10 Holdings (24 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
CONVATEC GROUP PLC CTEC EQUI 0.0254041671
HARVEY NORMAN HOLDINGS LTD HVN EQUI 0.0234005874
TELEFONICA DEUTSCHLAND HOLDI O2D EQUI 0.0220852603
RELIANCE WORLDWIDE CORP LTD RWC EQUI 0.0194699005
KINGFISHER PLC KGF EQUI 0.0179251559
SUMITOMO CHEMICAL CO LTD 4005 EQUI 0.0168239517
GUNGHO ONLINE ENTERTAINMENT 3765 EQUI 0.0168239517
BORAL LTD BLD EQUI 0.0159827542
OJI HOLDINGS CORP 3861 EQUI 0.0152945016
B&M EUROPEAN VALUE RETAIL SA BME EQUI 0.0149580226