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KVLE

KFA Value Line® Dynamic Core Equity Index ETF

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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.

Fund Details

Data as of 06/30/2022
Ticker KVLE
Primary Exchange NYSE
CUSIP 500767645
ISIN US5007676456
Net Assets $26,989,594
Total Annual Fund Operating Expense 0.55%
Inception Date 11/24/2020
Distribution Frequency Quarterly

Daily Performance

Data as of 06/30/2022
Premium Discount Chart
NAV
Net Asset Value$21.59 
Daily Change -0.24%
Price
Market Price $21.55 
Daily Change -0.71%
30 Day Median Bid/Ask Spread
 
0.32%

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: 06/30/2022
Fund NAV Closing Price Index
1 Month -5.77% -5.94%
3 Month -7.73% -8.06%
6 Month -9.50% -9.74%
Since Inception 19.98% 19.75%
Avg Annualized %
Data as of quarter end: 06/30/2022
Fund NAV Closing Price Index
1 Year -1.08% -1.34%
Since Inception 12.06% 11.92%
Growth of $10,000
Data as of 06/30/2022

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.

KVLE Key Metrics

Data as of 06/30/2022
30-day SEC Yield 2.64%
Unsubsidized 30-day SEC Yield 2.64%

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.

Top 10 Holdings

Data as of 07/01/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 APPLE INC 4.18% AAPL US0378331005 8,232 1,143,672
2 MICROSOFT CORP 2.88% MSFT US5949181045 3,034 787,566
3 JPMORGAN CHASE & CO 2.28% JPM US46625H1005 5,528 624,940
4 COCA-COLA CO/THE 2.27% KO US1912161007 9,662 622,040
5 PEPSICO INC 2.16% PEP US7134481081 3,497 592,357
6 MERCK & CO. INC. 2.11% MRK US58933Y1055 6,261 578,642
7 VERIZON COMMUNIC 2.06% VZ US92343V1044 10,943 565,097
8 UNITED PARCEL-B 2.01% UPS US9113121068 2,978 550,900
9 CISCO SYSTEMS INC 2.01% CSCO US17275R1023 13,042 550,633
10 AT&T INC 1.98% T US00206R1023 25,371 540,656

Holdings are subject to change.