Overview

Performance

Distributions

Growth of $10,000

Holdings

Fund Documents

Overview

Investment Strategy:

KVLE is benchmarked to the Value Line® Dynamic Dividend 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:

  • Value Line® has revolutionized the practice of securities analysis and is one of the nation’s largest independent investment research services, covering over 5,000 equities.
  • KFA licenses specific lists of securities and rankings of such securities from the Value Line® Safety™ and Timeliness™ Ranking Systems to use in the security selection process defined in the KVLE strategy.

*Formerly the KFA Value Line® Dynamic Core Equity Index ETF

KVLE Yield Metrics

Data as of 05/23/2024
30-day SEC Yield 2.49%

30-day SEC Yield (Subsidized/Unsubsidized) is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

Premium Discount Chart

Daily Performance

Data as of 05/23/2024
Daily Net Asset Value (NAV) and Market Price
NAV $24.08
NAV Daily Change -0.82%
Market Price $24.05
Market Price Daily Change -0.78%
30 Day Median Bid/Ask Spread
0.29%

Performance History

Cumulative %
Data as of: 04/30/2024
Fund NAV Closing Price Index
1 Month -4.48% -4.60% -4.54%
3 Month 2.27% 2.09% 2.21%
6 Month 13.49% 13.46% 13.21%
YTD 0.54% 0.54% 0.46%
Since Inception 39.94% 39.77% 38.62%
Avg Annualized %
Data as of month end: 04/30/2024
Fund NAV Closing Price Index
1 Year 6.42% 6.24% 6.03%
3 Year 5.07% 4.99% 4.80%
Since Inception 10.28% 10.24% 9.97%
Avg Annualized %
Data as of quarter end: 03/31/2024
Fund NAV Closing Price Index
1 Year 12.45% 12.41% 12.14%
3 Year 8.26% 8.26% 8.00%
Since Inception 12.06% 12.06% 11.77%

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.

Distribution History

2024 Distributions and Calendar
Ex-Date Record Date Payable Date Amount
03/26/2024 03/27/2024 03/28/2024 0.159873
06/26/2024 06/27/2024 06/28/2024
09/26/2024 09/27/2024 09/30/2024

Future calendar dates are subject to change. There is no guarantee that dividends will be paid. Past distributions are not indicative of future trends. This material is provided for educational purposes only and does not constitute investment advice.

Distributions are issued to brokers on the payable date, and are subject to broker payment schedules.

2023 Distributions
Ex-Date Record Date Payable Date Amount
03/29/2023 03/30/2023 03/31/2023 0.102963
06/28/2023 06/29/2023 06/30/2023 0.135379
09/27/2023 09/28/2023 09/29/2023 0.123680
12/18/2023 12/19/2023 12/20/2023 0.429089
2022 Distributions
Ex-Date Record Date Payable Date Amount
03/29/2022 03/30/2022 03/31/2022 0.110853
06/28/2022 06/29/2022 06/30/2022 0.121110
09/28/2022 09/29/2022 09/30/2022 0.138116
12/28/2022 12/29/2022 12/30/2022 0.867091
2021 Distributions
Ex-Date Record Date Payable Date Amount
09/28/2021 09/29/2021 09/30/2021 0.292556
12/29/2021 12/30/2021 12/31/2021 2.001847
2020 Distributions
Ex-Date Record Date Payable Date Amount
12/30/2020 12/31/2020 01/04/2021 0.073054

Growth of $10,000

Data as of 05/23/2024

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. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 05/24/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 NVIDIA CORP 6.97% NVDA US67066G1040 2,061 2,194,326
2 MICROSOFT CORP 6.63% MSFT US5949181045 4,849 2,085,846
3 APPLE INC 3.31% AAPL US0378331005 5,484 1,041,850
4 AMAZON.COM INC 2.86% AMZN US0231351067 4,972 898,689
5 META PLATFORMS INC 2.68% META US30303M1027 1,764 843,580
6 HOME DEPOT INC 2.20% HD US4370761029 2,125 690,838
7 TEXAS INSTRUMENTS INC 2.07% TXN US8825081040 3,263 649,924
8 PFIZER INC 1.98% PFE US7170811035 21,546 622,248
9 GOLDMAN SACHS GROUP INC 1.88% GS US38141G1040 1,286 593,077
10 CISCO SYSTEMS INC 1.86% CSCO US17275R1023 12,603 585,031

Holdings are subject to change.