Growth of $10,000


Fund Documents


Investment Strategy:

KVLE is benchmarked to the 3D/L 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:

  • 3D/L Capital Management (3D/L), is an SEC registered investment advisor and non-discretionary sub-advisor to KVLE. 3D/L'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 3D/L license specific lists of securities and rankings of such securities from the Value Line® Safety™ and Timeliness™ Ranking Systems for KFA and 3D/L 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 12/01/2023
30-day SEC Yield 3.13%

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 12/01/2023
Daily Net Asset Value (NAV) and Market Price
NAV $22.60
NAV Daily Change 1.57%
Market Price $22.57
Market Price Daily Change 1.44%
30 Day Median Bid/Ask Spread

Performance History

Cumulative %
Data as of: 11/30/2023
Fund NAV Closing Price Index
1 Month 6.82% 6.92% 6.72%
3 Month 0.00% -0.14% -0.11%
6 Month 4.14% 4.05% 3.96%
YTD 5.56% 5.66% 5.27%
Since Inception 31.71% 31.71% 30.67%
Avg Annualized %
Data as of month end: 11/30/2023
Fund NAV Closing Price Index
1 Year 2.23% 2.41% 1.84%
3 Year 9.54% 9.47% 9.27%
Since Inception 9.55% 9.55% 9.26%
Avg Annualized %
Data as of quarter end: 09/30/2023
Fund NAV Closing Price Index
1 Year 13.80% 13.86% 13.38%
Since Inception 8.36% 8.38% 8.08%

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

2023 Distributions and Calendar
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

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.

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 12/01/2023

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 12/01/2023 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 APPLE INC 4.80% AAPL US0378331005 7,948 1,519,976
2 MICROSOFT CORP 3.95% MSFT US5949181045 3,336 1,249,365
3 JPMORGAN CHASE & CO 2.68% JPM US46625H1005 5,409 848,348
4 BIG LOTS INC 2.49% BIG US0893021032 123,457 787,656
5 HOME DEPOT INC 2.38% HD US4370761029 2,359 753,984
6 ABBVIE INC 2.16% ABBV US00287Y1091 4,765 683,349
7 CROWN CASTLE INC 1.88% CCI US22822V1017 5,027 596,051
8 COMCAST CORP-CLASS A 1.88% CMCSA US20030N1019 14,075 594,106
9 AMERICAN TOWER CORP 1.88% AMT US03027X1000 2,820 593,525
10 TEXAS INSTRUMENTS INC 1.86% TXN US8825081040 3,792 588,556

Holdings are subject to change.