KVLE

Fund Description
KVLE is benchmarked to the Value Line Dynamic Core Equity Index, which introduces a market adaptive approach to investing in US large cap companies. The strategy seeks to capture quality US companies based on a three-factor process that selects stocks with high dividend yields and are the highest rated among Value Line s safety and timeliness ranking system. The Underlying Index begins with the universe of stocks that Value Line ranks. All companies with an equity market capitalization of less than $1 billion, registered investment companies, limited partnerships and foreign securities not listed in the U.S. are eliminated from this universe. From this investable universe, the Underlying Index establishes: (1) a dividend target, which is the trailing 12-month dividend yield of stocks in the 25th percentile of yield in this universe; and (2) a beta target of 0.8 to 1 versus the S&P 500 Index based on forecasting models. Beta is a measure of the expected return of the Underlying Index relative to market movements. Each company in the investable universe is assigned a score based on its Safety Rank and Timeliness Rank with companies with Rank 1 receiving a higher score than companies with Rank 2. The Underlying Index then optimizes the weighting of companies using the score assigned to them to maximize the overall score for the Underlying Index taking into account the dividend target and the beta target. At each rebalancing, the Underlying Index seeks a yield that will be no less than the dividend target and a beta within 0.03 of the beta target.
Fund Profile
Fund Name KFA Value Line Dynamic Core Equity Index ETF
Fund Exchange Ticker KVLE
Fund Sponsor Krane Shares
Fund ISIN US5007676456
Net Expense Ratio 0.56 %
Fund Inception Date 24 November 2020
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Dividend & Fundamental
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Value Line Dynamic Core Equity Index
Index Provider Fuzzy Logix Inc.
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 16 April 2021
Asset Under Management 26.19 Million (USD)
1 Month Total Return 5.35 %
Year To Date Return 15.48 %
1 Year Total Return
3 Year Annualized Total Return
NAV 23.81
Share Outstanding 1,100,000
Top 10 Holdings (16 April 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
JPMORGAN CHASE & CO JPM EQUI 0.0274000000
VERIZON COMMUNICATIONS INC VZ EQUI 0.0217000000
AT&T INC T EQUI 0.0210000000
TEXAS INSTRUMENTS INC TXN EQUI 0.0191000000
GOLDMAN SACHS GROUP INC GS EQUI 0.0186000000
IBM IBM EQUI 0.0186000000
CATERPILLAR INC CAT EQUI 0.0185000000
US BANCORP USB EQUI 0.0185000000
MORGAN STANLEY MS EQUI 0.0184000000
UNITED PARCEL SERVICE-CL B UPS EQUI 0.0184000000