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 08/04/2021
Primary ExchangeNYSE
Net Assets$32,559,748
Total Annual Fund Operating Expense 0.52%
Inception Date6/12/2019
Distribution FrequencyAnnual

Daily Performance

Data as of 08/04/2021
Premium Discount Chart
Net Asset Value$27.13 
Daily Change -1.58%
Market Price $27.16 
Daily Change-1.70%
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: 07/31/2021
Fund NAV Closing Price Index
1 Month-1.12% -1.19% -1.07%
3 Month-4.85% -4.85% -4.70%
6 Month6.93% 6.67% 7.34%
Since Inception12.41% 12.49% 13.91%
Avg Annualized %
Data as of month end: 07/31/2021
Fund NAV Closing PriceIndex
1 Year26.26% 26.41% 27.13%
Since Inception5.63% 5.66% 6.28%
Avg Annualized %
Data as of quarter end: 06/30/2021
Fund NAV Closing Price Index
1 Year29.21% 29.39% 30.02%
Since Inception6.44% 6.52% 7.10%
Growth of $10,000
Data as of 08/04/2021

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 08/04/2021
Full Holdings .CSV
Rank Company Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 MIDDLESEX WATER CO 2.78% MSEX US5966801087 8,448 903,598
2 CALIF WATER SRVC 2.46% CWT US1307881029 12,388 800,513
3 STAG INDUSTRIAL INC 2.38% STAG US85254J1025 18,858 774,875
4 BADGER METER INC 2.38% BMI US0565251081 7,689 773,744
5 CHESAPEAKE UTILITIES CORP 2.34% CPK US1653031088 5,974 760,669
6 TERRENO REALTY CORP 2.28% TRNO US88146M1018 10,992 740,971
7 FRANKLIN ELECTRIC CO INC 2.25% FELE US3535141028 8,971 732,392
8 BALCHEM CORP 2.23% BCPC US0576652004 5,542 725,559
9 ALLETE INC 2.23% ALE US0185223007 10,150 724,609
10 ENSIGN GROUP INC/THE 2.21% ENSG US29358P1012 8,602 718,267

Holdings are subject to change.