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ETFs

Knowledge Leaders Developed World ETF

KLDW
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 08 2015
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Gavekal Capital
Volume (1m avg. daily)
$287,798
AUM
$124,553,290
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

4188
Mitsubishi Chemical Group Corporation
1.49%
HEI
HEIDELBERGCEMENT AG
1.35%
APH
Amphenol Corp. - Ordinary Shares - Class A
1.29%
SNPS
Synopsys, Inc.
1.25%
BLND
BRITISH LAND CO PLC
1.19%
4183
Mitsui Chemicals Inc.
1.19%
NSRGY
Nestle SA - ADR
1.19%
4202
Daicel Corporation
1.09%
7735
Screen Holdings Co. Ltd.
1.03%
6361
Ebara Corporation
1.00%
Invest with KLDW

What is KLDW?

The Knowledge Leaders Developed World ETF seeks long-term capital appreciation by investing in equities of highly innovative companies in the developed world. It is an actively managed exchange traded fund. The fund invests Knowledge Leaders, those companies that possess deep reservoirs of intangible capital as a result of their history of investing in knowledge intensive activities like R&D, brand development and employee education. Academic research has proven highly innovative companies have a tendency to generate excess returns in the stock market, and it is these excess returns the investment team aims to capture in the portfolio. The team selects a diversified mix of the most liquid large and mid cap Knowledge Leaders from the developed world, including North America, Europe and Asia. Recommended for core exposure to developed world equities.

ETFs related toKLDW

ETFs correlated to KLDW include EFG, AOA, DFSI

KLDW
Exchange Listed Funds Trust - Knowledge Leaders Developed World ETF
EFG
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Growth ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
EFAX
SSgA Active Trust - SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

KLDW is a Global Equities ETF. The Knowledge Leaders Developed World ETF seeks long-term capital appreciation by investing in equities of highly innovative companies in the developed world. It is an actively managed exchange traded fund. The fund invests Knowledge Leaders, those companies that possess deep reservoirs of intangible capital as a result of their history of investing in knowledge intensive activities like R&D, brand development and employee education. Academic research has proven highly innovative companies have a tendency to generate excess returns in the stock market, and it is these excess returns the investment team aims to capture in the portfolio. The team selects a diversified mix of the most liquid large and mid cap Knowledge Leaders from the developed world, including North America, Europe and Asia. Recommended for core exposure to developed world equities.

Yes, KLDW is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, KLDW is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KLDW is -0.0422%. This is the percent change in the value of KLDW over the most recent 1-month period. The 3-month return on KLDW is -0.0095%. This is the percent change in the value of KLDW over the most recent 3-month period.

The standard deviation of KLDW for the past year is 0.2153%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KLDW include ARKK, EFV, and ICLN.

ETFs correlated to KLDW include EFG, AOA, and DFSI.

ETFs that are inversely correlated to KLDW include EFZ, EPV, and SPDN.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.