AgTech & Food Innovation ETF

Reasons to Consider KROP

High Growth Potential

The global AgTech market was valued at nearly $16bn in 2022. Forecasts suggest it could surpass $35bn by 2030, highlighting the substantial room for growth.1

Global Tailwinds

The AgTech and Food Innovation theme could potentially benefit from helping address global food insecurity and minimizing the adverse environmental impacts of large-scale agriculture.

Unconstrained Approach

Production and consumption dynamics around food are evolving. KROP seeks to gain exposure to the forefront of these dynamics by investing in AgTech and Food Innovation companies, regardless of sector or geography.

1Grand View Research, Apr 2022

Key Information As of 04/19/24

Inception Date 07/12/21
Total Expense Ratio 0.51%
Net Assets $4.18 million
NAV $10.72
Fact Sheet View the document

ETF Summary

The Global X AgTech & Food Innovation ETF (KROP) seeks to invest in companies advancing innovation and the use of technology in the agriculture and food industries. This includes companies involved in the provision of agricultural technologies (“AgTech”) related to precision agriculture, agricultural robots and automation, controlled environment agriculture (e.g., vertical farming, hydroponics), and agricultural biotechnology, as well as those involved in food innovation activities related to protein/dairy alternatives and food waste reduction.

ETF Objective

The Global X AgTech & Food Innovation ETF (KROP) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive AgTech & Food Innovation Index.

Trading Details As of 04/18/24

Ticker KROP
Bloomberg Index Ticker SOLKROP
CUSIP 37954Y178
ISIN US37954Y1780
Primary Exchange Nasdaq
Shares Outstanding 390,000
Number of Holdings 0
30-Day Median Bid-Ask Spread 0.54%

Distributions As of 04/19/24

30-Day SEC Yield 1.73%
Distribution Frequency Semi-Annually

ETF Prices As of 04/19/24

NAV $10.72 Daily Change $0.05 0.47%
Market Price $10.72 Daily Change $0.05 0.47%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year -22.74% -22.06% -22.46%
Since Inception -25.40% -25.33% -25.12%
1 Year -22.74% -22.06% -22.46%
Since Inception -25.40% -25.33% -25.12%
Year-to-Date 3.83% 3.82% 3.98%
1 Month 5.20% 5.39% 5.24%
3 Months 3.83% 3.82% 3.98%
Since Inception -54.94% -54.82% -54.47%
Year-to-Date 3.83% 3.82% 3.98%
1 Month 5.20% 5.39% 5.24%
3 Months 3.83% 3.82% 3.98%
Since Inception -54.94% -54.82% -54.47%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

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. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Industrials 35.8
Materials 34.2
Consumer Staples 29.5
Consumer Discretionary 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Trucks/Construction/Farm Machinery 37.4
Chemicals: Agricultural 37.4
Agricultural Commodities/Milling 8.5
Food: Major Diversified 6.1
Household/Personal Care 4.2
Food: Specialty/Candy 2.4
Wholesale Distributors 2.2
Food Retail 1.6
Food: Meat/Fish/Dairy 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 49.3
Japan 12.4
China 11.6
Canada 10.9
Britain 9.2
Australia 3.4
Sweden 1.3
Argentina 0.9
Israel 0.6
Philippines 0.4

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/18/24

Return on Equity 12.10%
Weighted Avg. Market Cap 35,089 M
2023 2024
Price-to-earnings 17.53 17.07
Price-to-book value 2.14 1.99

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 1.06
NASDAQ-100 0.70
MSCI Emg. Mkts 0.87
Standard Deviation 26.20%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which KROP may invest may be limited. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. KROP is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.