KLCD

KFA Large Cap Quality Dividend Index ETF

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Investment Strategy:

KLCD is benchmarked to the Russell 1000 Dividend Select Equal Weight Index, which takes a smart beta1 approach to investing in US Large Cap companies. The strategy seeks to measure the performance of US companies that have successfully increased their dividend payments over a period of ten years. The Index is designed to provide a benchmark for investors looking to capture a concentrated portfolio of constituents demonstrating increased dividends and positive momentum.

KLCD Provides:

  • Exposure to firms with historically reliable dividend growth which have a strong record of stable cash flows, healthy balance sheets and durable business models2
  • Dividend growth strategies can potentially improve performance in down market environments2
  • Smart beta strategy which seeks to deliver cost effective alpha3

1. Smart beta is an investment style where a manager follows an index designed to take advantage of perceived systematic biases or inefficiencies in the market.
2. “Harnessing the Long-Term Potential of Dividend Growth.” FTSE Russell, Nov. 2018.
3. Alpha is the active return on an investment, gauges the performance of an investment against a market index or benchmark which is considered to represent the market's movement as a whole.

Fund Details

Data as of 12/06/2021
TickerKLCD
Primary ExchangeNYSE
CUSIP500767728
ISINUS5007677280
Net Assets$46,772,557
Total Annual Fund Operating Expense 0.41%
Inception Date6/12/2019
Distribution FrequencyAnnual

Daily Performance

Data as of 12/06/2021
Premium Discount Chart
NAV
Net Asset Value$34.65 
Daily Change 1.19%
Price
Market Price $34.67 
Daily Change1.24%
30 Day Median Bid/Ask Spread
Value0.23%

The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Distributions
Cumulative %
Data as of: 11/30/2021
Fund NAV Closing Price Index
1 Month-1.71% -1.80% -1.70%
3 Month-0.18% -0.21% -0.06%
6 Month3.57% 3.51% 3.74%
Since Inception39.93% 39.88% 41.40%
Avg Annualized %
Data as of month end: 11/30/2021
Fund NAV Closing PriceIndex
1 Year21.18% 21.15% 21.76%
Since Inception14.57% 14.56% 15.03%
Avg Annualized %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
1 Year24.94% 25.06% 25.50%
Since Inception13.10% 13.15% 13.54%
Growth of $10,000
Data as of 12/06/2021

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.

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.

Top 10 Holdings

Data as of 12/06/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 XILINX INC 1.10% XLNX US9839191015 2,408 513,891
2 HOME DEPOT INC 0.99% HD US4370761029 1,115 463,506
3 LOWE'S COS INC 0.95% LOW US5486611073 1,764 443,082
4 INTUIT INC 0.92% INTU US4612021034 665 429,151
5 COSTCO WHOLESALE CORP 0.92% COST US22160K1051 804 428,693
6 TRACTOR SUPPLY COMPANY 0.91% TSCO US8923561067 1,877 426,942
7 ONEOK INC 0.90% OKE US6826801036 6,896 419,897
8 ARTHUR J GALLAGHER & CO 0.90% AJG US3635761097 2,501 418,792
9 SMITH (A.O.) CORP 0.89% AOS US8318652091 5,073 415,986
10 MORNINGSTAR INC 0.89% MORN US6177001095 1,325 415,454

Holdings are subject to change.