KFA Small Cap Quality Dividend Index ETF

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Investment Strategy:

KSCD is benchmarked to the Russell 2000 Dividend Select Equal Weight Index, which takes a smart beta1 approach to investing in US Small 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.

KSCD 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 05/24/2022
Ticker KSCD
Primary Exchange NYSE
CUSIP 500767710
ISIN US5007677108
Net Assets $22,434,419
Total Annual Fund Operating Expense 0.51%
Inception Date 6/12/2019
Distribution Frequency Annual

Daily Performance

Data as of 05/24/2022
Premium Discount Chart
Net Asset Value$26.39 
Daily Change 0.39%
Market Price $26.35 
Daily Change 0.35%
30 Day Median Bid/Ask Spread

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

Cumulative %
Data as of: 04/30/2022
Fund NAV Closing Price Index
1 Month -5.52% -5.69% -5.47%
3 Month -4.30% -4.51% -4.16%
6 Month -4.64% -4.74% -4.61%
Since Inception 11.49% 11.36% 13.20%
Avg Annualized %
Data as of month end: 04/30/2022
Fund NAV Closing Price Index
1 Year -5.63% -5.80% -5.29%
Since Inception 3.84% 3.80% 4.39%
Avg Annualized %
Data as of quarter end: 03/31/2022
Fund NAV Closing Price Index
1 Year 0.97% 0.34% 1.30%
Since Inception 6.08% 6.11% 6.63%
Growth of $10,000
Data as of 05/24/2022

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 05/24/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 SOUTHWEST GAS HO 2.96% SWX US8448951025 7,046 663,310
2 BANCFIRST CORP 2.54% BANF US05945F1030 6,699 569,683
3 UNIVERSAL CORP/VA 2.47% UVV US9134561094 8,977 554,509
4 BLACK HILLS CORP 2.46% BKH US0921131092 7,189 551,828
5 SENSIENT TECHNOL 2.43% SXT US81725T1007 6,512 545,836
6 SPARTANNASH CO 2.37% SPTN US8472151005 16,233 532,118
7 TOOTSIE ROLL INDS 2.37% TR US8905161076 15,814 531,201
8 H.B. FULLER CO. 2.37% FUL US3596941068 7,804 530,594
9 NEW JERSEY RESOURCES CORP 2.36% NJR US6460251068 11,505 529,575
10 TELEPHONE & DATA 2.33% TDS US8794338298 29,073 523,605

Holdings are subject to change.