KROP


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 07/23/24

Inception Date 07/12/21
Total Expense Ratio 0.51%
Net Assets $4.39 million
NAV $9.99
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 07/23/24

Ticker KROP
Bloomberg Index Ticker SOLKROP
CUSIP 37954Y178
ISIN US37954Y1780
Primary Exchange Nasdaq
Shares Outstanding 440,000
Number of Holdings 30
30-Day Median Bid-Ask Spread 1.00%

Distributions As of 07/23/24

30-Day SEC Yield 1.42%
Distribution Frequency Semi-Annually

ETF Prices As of 07/23/24

NAV $9.99 Daily Change -$0.15 -1.48%
Market Price $10.02 Daily Change -$0.15 -1.47%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year -18.23% -17.82% -17.85%
Since Inception -26.10% -25.98% -25.83%
1 Year -18.23% -17.82% -17.85%
Since Inception -26.10% -25.98% -25.83%
Year-to-Date -6.15% -5.94% -5.95%
1 Month -5.62% -5.15% -5.58%
3 Months -9.61% -9.40% -9.55%
Since Inception -59.27% -59.07% -58.82%
Year-to-Date -6.15% -5.94% -5.95%
1 Month -5.62% -5.15% -5.58%
3 Months -9.61% -9.40% -9.55%
Since Inception -59.27% -59.07% -58.82%

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 As of 07/23/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
12.75 CTVA CORTEVA INC BK73B42 54.39 10,304 560,434.56
12.49 6326 JP KUBOTA CORP 6497509 14.34 38,258 548,627.49
12.39 DE DEERE & CO 2261203 371.52 1,465 544,276.80
11.37 NTR NUTRIEN LTD BDH3SB9 49.59 10,071 499,420.89
4.60 ULVR LN UNILEVER PLC B10RZP7 57.38 3,524 202,201.94
4.45 AGCO AGCO CORP 2010278 98.89 1,975 195,307.75
4.44 FMC FMC CORP 2328603 57.48 3,396 195,202.08
4.35 CNH CNH INDUSTRIAL NV BDX85Z1 10.07 18,975 191,078.25
3.86 000998 C2 YUAN LONGPING-A BD5CK34 1.32 128,400 169,445.66
3.61 603156 C1 HEBEI YANGYUAN-A BHWLWH0 2.82 56,200 158,584.58
3.51 NUF AU NUFARM LTD 6335331 3.00 51,367 154,277.71
2.96 ADM ARCHER-DANIELS-MIDLAND CO 2047317 62.22 2,088 129,915.36
2.81 BAYN GR BAYER AG-REG 5069211 29.25 4,219 123,407.26
2.08 STKL SUNOPTA INC 2836634 5.27 17,356 91,466.12
2.00 000848 C2 CHENG DE LOLO CO LTD-A BD5C9D7 1.03 85,580 88,048.89
1.91 OTLY OATLY GROUP AB BNNTQY0 1.00 84,091 84,091.00
1.61 K KELLANOVA 2486813 56.61 1,246 70,536.06
1.52 BYND BEYOND MEAT INC BJ1FDK7 6.16 10,815 66,620.40
1.37 TRMB TRIMBLE INC 2903958 57.11 1,053 60,136.83
1.25 BIOX BIOCERES CROP SO BJT1RX8 11.02 4,998 55,077.96
1.17 TITN TITAN MACHINERY INC B29H3T5 17.07 3,023 51,602.61
0.78 SFM SPROUTS FARMERS BCGCR79 83.86 411 34,466.46
0.52 GRWG GROWGENERATION CORP BZ159N4 2.54 8,956 22,748.24
0.35 BAG LN A.G. BARR PLC B6XZKY7 7.90 1,940 15,326.07
0.33 MFI CN MAPLE LEAF FOODS INC 2555865 17.97 816 14,665.07
0.33 HAIN HAIN CELESTIAL GROUP INC 2492337 7.49 1,926 14,425.74
0.33 SMG SCOTTS MIRACLE-GRO CO 2781518 68.79 209 14,377.11
0.26 MONDE PM MONDE NISSIN CORP BMDTTT9 0.16 71,205 11,329.45
0.24 605337 C1 ZHE JIANG LI Z-A BP91NH6 1.26 8,200 10,326.35
0.19 OTHER PAYABLE & RECEIVABLES 1.00 8,288 8,288.06
0.10 NRF-R TB NR INSTANT PRO-R BM9F151 0.04 104,100 4,340.49
0.09 CASH 1.00 3,812 3,811.56
0.01 CHINESE YUAN RENMINBI 0.14 2,592 355.57
0.00 ISRAELI SHEKEL 0.28 102 28.17
0.00 CANADIAN DOLLAR 0.73 -42 -30.82
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Industrials 34.6
Materials 34.1
Consumer Staples 26.8
Health Care 2.7
Information Technology 1.4
Consumer Discretionary 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Chemicals 34.7
Machinery 34.2
Food Products 19.7
Consumer products 4.5
Pharmaceuticals 2.8
Electrical Equipment 1.4
Retail 1.3
Trading Companies & Distributors 1.1
Beverages 0.4

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 46.7
Japan 12.2
Canada 12.0
China 10.1
Britain 9.2
Australia 3.6
Germany 2.7
Sweden 1.8
Argentina 1.3
Philippines 0.3
Thailand 0.1

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 07/23/24

Return on Equity 10.30%
Weighted Avg. Market Cap 34,821 M
2023 2024
Price-to-earnings 15.78 16.31
Price-to-book value 1.73 1.63

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.01
NASDAQ-100 0.65
MSCI EAFE 1.11
MSCI Emg. Mkts 0.85
Standard Deviation 25.00%

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.