Fund Name:
The Next Frontier internet & Ecommerce ETF
Data as of 05/02/2024
Primary Exchange
NYSE
Fund Inception
09/27/2021
Ticker
FMQQ
Gross Expense Ratio
0.86%
CUSIP
301505590
Shares Outstanding
2,175,000
Net Assets
$26,141,199
Median 30-day Bid/Ask Spread
0.42%
30 Day Median Bid-Ask Spread : The spread is calculated from (i) sampling the ETFs NBBO as of the end of each 10 second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
NAV | Price | ||
Net Asset Value (“NAV”) | $12.02 | Closing Price | $12.2001 |
Daily Change | $0.11 | Daily Change | $0.1929 |
Daily Change (%) | 0.92% | Daily Change (%) | 1.61% |
Premium Discount
NAV | Market Price | Premium/Discount |
12.02 | 12.2001 | 0.1801 |
Month End as of 04/30/2024
Cumulative (%) | Avg Annualized (%) | |||||||
1 Mo. | 3 Mo. | YTD | Since Inception | 1 year | 3 year | 5 year | Since Inception | |
Fund Nav | -0.08% | 8.76% | 6.05% | -53.75% | 14.74% | TBD | TBD | -25.73% |
Closing Price | -0.41% | 8.19% | 7.13% | -53.36% | 14.38% | TBD | TBD | -25.49% |
Calendar Quarter End as of 03/31/2024
Cumulative (%) | Avg Annualized (%) | |||||||
1 Mo. | 3 Mo. | YTD | Since Inception | 1 year | 3 year | 5 year | Since Inception | |
Fund Nav | 3.02% | 6.14% | 6.14% | -53.71% | 15.39% | TBD | TBD | -26.43% |
Closing Price | 3.25% | 7.58% | 7.58% | -53.17% | 15.63% | TBD | TBD | -26.09% |
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.
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 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.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund.
Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times.
Holdings as of 05/02/2024
COMPANY NAME | TICKER | FIGI | SHARES | MARKET VALUE | % OF NET ASSET VALUES |
---|---|---|---|---|---|
RELIANCE INDUSTRIES LTD ORD | RELIANCE IN | BBG000BKVP93 | 65640 | 2,306,595.99 | 8.82% |
SEA LTD | SE | BBG00HTBWMG5 | 35519 | 2,272,505.62 | 8.69% |
NU HOLDINGS LTD | NU | BBG0136WM1M4 | 172442 | 1,889,964.32 | 7.23% |
COUPANG INC | CPNG | BBG00XMJRPQ8 | 71478 | 1,608,255.00 | 6.15% |
BAJAJ FINANCE LTD | BAF IN | BBG000DBLZQ1 | 19169 | 1,580,645.17 | 6.05% |
JIO FINANCIAL SERVICES LTD | JIOFIN IN | BBG002WN2L82 | 335058 | 1,523,980.77 | 5.83% |
MERCADOLIBRE INC | MELI | BBG000GQPB11 | 1010 | 1,521,049.90 | 5.82% |
NAVER CORP | 035420 KS | BBG000PF9ZK9 | 9425 | 1,293,244.67 | 4.95% |
ZOMATO LTD | ZOMATO IN | BBG003DKJ5C9 | 539800 | 1,263,992.93 | 4.84% |
KAKAO CORP | 035720 KS | BBG000C3SL93 | 26893 | 944,025.51 | 3.61% |
XP INC | XP | BBG00QVJYGM9 | 34419 | 727,273.47 | 2.78% |
GRAB HOLDINGS LTD – CL A | GRAB | BBG011768M53 | 200656 | 702,296.00 | 2.69% |
NEXON CO. LTD | 3659 JP | BBG001CDRZ53 | 41100 | 658,944.57 | 2.52% |
DELIVERY HERO SE | DHER GR | BBG0028W9747 | 18508 | 539,069.88 | 2.06% |
INFO EDGE INDIA LTD | INFOE IN | BBG000HS7804 | 6993 | 507,810.66 | 1.94% |
KASPI.KZ JSC SPONSORED ADS | KSPI | BBG00NNN9QQ8 | 4099 | 477,656.47 | 1.83% |
ALLEGRO.EU SA | ALE PW | BBG00XC93536 | 52346 | 441,504.17 | 1.69% |
MAKEMYTRIP LTD | MMYT | BBG000BB34J0 | 6097 | 429,655.59 | 1.64% |
STONECO LTD | STNE | BBG00M4ZQDK0 | 25108 | 408,507.16 | 1.56% |
PB FINTECH LTD | POLICYBZ IN | BBG004DZ49P8 | 24574 | 380,406.62 | 1.46% |
GOTO GOJEK TOKOPEDIA TBK PT | GOTO IJ | BBG0166VCHM5 | 82137100 | 319,718.09 | 1.22% |
KAKAOBANK CORP | 323410 KS | BBG00BLT3N95 | 16067 | 289,590.17 | 1.11% |
PAGSEGURO DIGITAL LTD | PAGS | BBG00JM7QBR6 | 20535 | 258,535.65 | 0.99% |
FRESHWORKS INC | FRSH | BBG0029KYGL5 | 15978 | 234,397.26 | 0.90% |
FSN E-COMMERCE VENTURES LTD | NYKAA IN | BBG006L4NN17 | 107274 | 227,159.02 | 0.87% |
JUBILANT FOODWORKS LTD ORD | JUBI IN | BBG000PPXMG4 | 37886 | 207,679.39 | 0.79% |
NCSOFT CORP ORD | 036570 KS | BBG000BZZ983 | 1592 | 206,180.75 | 0.79% |
MULTICHOICE GROUP LTD | MCG SJ | BBG00N2W9W60 | 31453 | 202,316.44 | 0.77% |
CD PROJEKT RED | CDR PW | BBG000D03WH2 | 6568 | 193,645.73 | 0.74% |
INTER & CO INC – BDR | INBR32 BZ | BBG017Y8GCY7 | 28973 | 148,673.96 | 0.57% |
INDIAN ENERGY EXCHANGE LTD | IEX IN | BBG00175LT65 | 77180 | 144,431.49 | 0.55% |
CCC SA | CCC PW | BBG000QLNJN2 | 5243 | 120,897.32 | 0.46% |
ONE 97 COMMUNICATIONS LTD | PAYTM IN | BBG000QYN0B8 | 24971 | 111,349.53 | 0.43% |
DLOCAL LTD | DLO | BBG00XGCHFV7 | 7870 | 110,494.80 | 0.42% |
ANGEL ONE LTD | ANGELONE IN | BBG004XC9DW5 | 3225 | 107,307.14 | 0.41% |
INDIAMART INTERMESH LTD | INMART IN | BBG005J78V87 | 2792 | 95,701.10 | 0.37% |
INTELLECT DESIGN ARENA LTD | INDA IN | BBG0077M9320 | 7247 | 92,179.89 | 0.35% |
MAGAZINE LUIZA SA | MGLU3 BZ | BBG000PWYLV3 | 293065 | 84,279.98 | 0.32% |
ICICI SECURITIES LTD | ISEC IN | BBG000C01HP9 | 8287 | 74,352.79 | 0.28% |
TANLA PLATFORMS LTD | TANLA IN | BBG000HR9920 | 6730 | 72,320.16 | 0.28% |
DESPEGAR.COM CORP | DESP | BBG00HFV9HK8 | 5611 | 69,464.18 | 0.27% |
BANK JAGO TBK PT | ARTO IJ | BBG00BNNZWC7 | 531400 | 67,635.71 | 0.26% |
AFFLE INDIA LTD | AFFLE IN | BBG00PT8RTT1 | 5003 | 67,409.95 | 0.26% |
AFREECATV CO LTD | 067160 KS | BBG000C20536 | 802 | 63,765.98 | 0.24% |
KAKAOPAY CORP | 377300 KS | BBG00GXP1NT9 | 2454 | 62,333.15 | 0.24% |
GRUPO DE MODA SOMA SA | SOMA3 BZ | BBG00S2K1PM0 | 50731 | 60,342.06 | 0.23% |
KAKAO GAMES CORP | 293490 KS | BBG00CZ9XNV4 | 3715 | 59,128.97 | 0.23% |
TRUECALLER AB-B W/I | TRUEB SS | BBG012JDQR43 | 17200 | 57,177.83 | 0.22% |
CJ ENM CO LTD | 035760 KS | BBG000C43FR1 | 1026 | 56,894.36 | 0.22% |
CE INFO SYSTEMS LTD | MAPMYIND IN | BBG000PT39M1 | 2319 | 56,545.05 | 0.22% |
HAPPIEST MINDS TECHNOLOGIES | HAPPSTMN IN | BBG00284WB17 | 5783 | 56,199.24 | 0.21% |
JUMIA TECHNOLOGIES AG-ADR | JMIA | BBG00NKZF9N8 | 10226 | 50,107.40 | 0.19% |
ROUTE MOBILE LTD | ROUTE IN | BBG00DHPZ1R7 | 2651 | 49,250.84 | 0.19% |
YALLA GROUP LTD | YALA | BBG00X71LSZ4 | 9183 | 44,629.38 | 0.17% |
TEAMLEASE SERVICES LTD | TEAM IN | BBG000QL7ZQ1 | 1153 | 44,007.91 | 0.17% |
AFYA LTD | AFYA | BBG00PK9C4C7 | 2353 | 40,989.26 | 0.16% |
BUKALAPAK.COM PT TBK | BUKA IJ | BBG00CGLL8V4 | 5287400 | 40,508.97 | 0.15% |
VTEX -CLASS A | VTEX | BBG011M1L5H6 | 5115 | 38,464.80 | 0.15% |
LOCAWEB SERVICOS DE INTERNET | LWSA3 BZ | BBG000TZV8X2 | 34858 | 33,960.57 | 0.13% |
EASY TRIP PLANNERS LTD | EASEMYTR IN | BBG00ZHS9G70 | 60931 | 33,579.35 | 0.13% |
NAZARA TECHNOLOGIES LTD | NAZARA IN | BBG002Y266F7 | 4099 | 30,623.87 | 0.12% |
PET CENTER COMERCIO E PARTIC | PETZ3 BZ | BBG005PTZGL0 | 32860 | 30,535.45 | 0.12% |
VALID SOLUCOES SA | VLID3 BZ | BBG000NXBD73 | 7984 | 27,193.33 | 0.10% |
COM2US CORP | 078340 KS | BBG000Q3TYF2 | 752 | 22,052.55 | 0.08% |
CVC BRASIL OPERADORA E AGENCIA | CVCB3 BZ | BBG000Q51034 | 45163 | 19,702.93 | 0.08% |
NEOWIZ | 095660 KS | BBG000QY1380 | 1220 | 19,196.19 | 0.07% |
OZON HOLDINGS PLC – ADR | OZON | BBG00Y29RP99 | 8369 | 83.69 | 0.00% |
VK CO LTD | VKCO LI | BBG00178PGW4 | 7810 | 78.10 | 0.00% |
TCS GROUP HOLDIN | TCS LI | BBG005CW7C28 | 5934 | 59.34 | 0.00% |
HEADHUNTER GROUP PLC-ADR | HHR | BBG00KHGQ0H4 | 1664 | 16.64 | 0.00% |
CASH & OTHER | 160666 | 160,666.35 | 0.61% |
Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security.
Premium Discount Table
Calendar Year 2023 | First Quarter 2024 | Second Quarter 2024 | Third Quarter 2024 | ||
---|---|---|---|---|---|
Days traded at nav | 2 | 0 | – | – | – |
Days traded at premium | 222 | 57 | – | – | – |
Days traded at discount | 26 | 4 | – | – | – |
From March 2, 2022 through March 10, 2022 the market price of FMQQ traded more than 2% above the net asset value (NAV) of the fund. The fund‘s adviser believes that the premium of the fund‘s market price to its NAV is the result of one or more factors, such as the relative supply and demand for the fund‘s shares and the size of the fund. In addition, the fund holds securities of issuers doing business, or having headquarters, in Russia. Following the Russian invasion of Ukraine on February 24, 2022, these securities became subject to exchange or regulatory halts. The fund also has exposure to emerging markets, which have experienced increased volatility. The foregoing may lead to sustained periods of premiums or discounts.
From March 2, 2022 through March 10, 2022 the market price of FMQQ traded more than 2% above the net asset value (NAV) of the fund. The fund’s adviser believes that the premium of the fund’s market price to its NAV is the result of one or more factors, such as the relative supply and demand for the fund’s shares and the size of the fund. In addition, the fund holds securities of issuers doing business, or having headquarters, in Russia. Following the Russian invasion of Ukraine on February 24, 2022, these securities became subject to exchange or regulatory halts. The fund also has exposure to emerging markets, which have experienced increased volatility. The foregoing may lead to sustained periods of premiums or discounts.