KVLE

KFA Value Line® Dynamic Core Equity Index ETF

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Investment Strategy:

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 Systems. Careful quantitative modelling, that incorporates a unique set of risk management tools, adjusts the beta of the overall portfolio based on the market environment. The index is rebalanced monthly.

KVLE Features:

  • Uses Optimization technology that emphasizes companies with the highest Value Line® Safety and Timeliness rankings in addition to strong dividend yields.
  • Adaptive risk-management approach that seeks to limit the impact of significant market declines while capturing positive returns in typical market environments.
  • Smart beta strategy which seeks to deliver cost-effective alpha.

KVLE Providers:

  • Lee Capital Management (LCM), is an SEC registered investment advisor and non-discretionary sub-advisor to KVLE. LCM’s Lee Adaptive approach provides investors with products and solutions that seek to capture the expected long-term capital appreciation provided by equities while seeking to mitigate the impact of down markets.
  • KFA and LCM license specific lists of securities and rankings of such securities from the Value Line® Safety and Timeliness Ranking Systems for KFA and Lee to use in the security selection process defined in the KVLE strategy.

Fund Details

Data as of 01/15/2021
TickerKVLE
Primary Exchange NYSE
CUSIP500767645
ISINUS5007676456
Net Assets$15,830,598
Total Annual Fund Operating Expense 0.56%
Inception Date11/24/2020
Distribution FrequencyMonthly

Daily Performance

Data as of 01/15/2021
Premium Discount Chart
NAV
Net Asset Value$21.11 
Daily Change -0.14%
Price
Market Price $21.11 
Daily Change0.00%
30 Day Median Bid/Ask Spread 0.44%

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: 12/31/2020
Fund NAV Closing Price Index
1 Month3.51% 3.26% 3.30%
3 Month
6 Month
Since Inception3.72% 3.67% 3.36%
Cumulative %
Data as of quarter end: 12/31/2020
Fund NAV Closing Price Index
Since Inception3.72% 3.67% 3.36%

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.

Top 10 Holdings

Data as of 01/15/2021
Full Holdings .CSV
Rank Company Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 APPLE INC 7.25% AAPL US0378331005 9,031 1,148,201
2 AMAZON.COM INC 3.80% AMZN US0231351067 194 602,225
3 JPMORGAN CHASE & CO 2.73% JPM US46625H1005 3,122 432,834
4 HOME DEPOT INC 2.55% HD US4370761029 1,462 402,913
5 AT&T INC 2.18% T US00206R1023 11,806 344,381
6 BRISTOL-MYERS SQUIBB CO 2.06% BMY US1101221083 4,895 325,713
7 CISCO SYSTEMS INC 2.03% CSCO US17275R1023 7,063 320,872
8 TEXAS INSTRUMENTS INC 1.93% TXN US8825081040 1,810 306,234
9 GILEAD SCIENCES INC 1.88% GILD US3755581036 4,687 296,828
10 IBM 1.84% IBM US4592001014 2,269 291,317

Holdings are subject to change.