KVLE vs. NFRA ETF Comparison

Comparison of KFA Value Line Dynamic Core Equity Index ETF (KVLE) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

KVLE

KFA Value Line Dynamic Core Equity Index ETF

KVLE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity securities index, the Value Line®Dynamic Core Equity Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. It may invest up to 20% of its assets in instruments that are not included in the underlying index, but that Fund's adviser, Krane Funds Advisors, LLC, believes will help the fund track the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.76

Average Daily Volume

3,768

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.16

Average Daily Volume

78,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KVLE	NFRA
30 Days	2.70%	-0.44%
60 Days	5.03%	-2.07%
90 Days	7.18%	1.20%
12 Months	27.85%	17.31%

11 Overlapping Holdings

Symbol	Grade	Weight in KVLE	Weight in NFRA	Overlap
AEP	D	0.64%	0.77%	0.64%
CMCSA	B	1.6%	2.6%	1.6%
DTM	B	1.54%	0.15%	0.15%
DUK	C	0.17%	1.33%	0.17%
ED	D	0.86%	0.52%	0.52%
HESM	B	1.19%	0.05%	0.05%
OKE	A	0.33%	0.98%	0.33%
PEG	A	0.67%	0.67%	0.67%
UNP	C	0.87%	2.23%	0.87%
VZ	C	1.48%	2.67%	1.48%
WEC	A	1.5%	0.47%	0.47%

KVLE Overweight 75 Positions Relative to NFRA

Symbol	Grade	Weight
NVDA	C	7.5%
MSFT	F	5.68%
AAPL	C	5.13%
GOOG	C	3.45%
AMZN	C	3.18%
HD	A	2.24%
META	D	2.13%
CSCO	B	1.93%
MO	A	1.88%
BMY	B	1.86%
GS	A	1.8%
ADP	B	1.69%
APH	A	1.66%
APD	A	1.66%
TXN	C	1.65%
PAYX	C	1.58%
PFE	D	1.58%
GILD	C	1.58%
FAST	B	1.56%
CALM	A	1.5%
PSA	D	1.48%
KMB	D	1.42%
TROW	B	1.35%
MMS	F	1.34%
UPS	C	1.32%
LMT	D	1.27%
ABBV	D	1.18%
DOW	F	1.18%
WU	D	1.17%
IBM	C	1.16%
JPM	A	1.13%
PKG	A	1.11%
CVX	A	1.02%
LLY	F	0.99%
MRK	F	0.98%
ETR	B	0.94%
CMI	A	0.89%
FLO	D	0.88%
PG	A	0.87%
WSO	A	0.87%
PSX	C	0.86%
SPG	B	0.85%
AMGN	D	0.82%
MS	A	0.75%
CAG	D	0.65%
EPD	A	0.62%
RHI	B	0.6%
SNA	A	0.6%
MCD	D	0.59%
UGI	A	0.58%
VIRT	B	0.57%
OGS	A	0.56%
MSM	C	0.55%
CME	A	0.46%
CL	D	0.45%
JNJ	D	0.45%
ALL	A	0.44%
TMO	F	0.39%
AFL	B	0.36%
NFLX	A	0.35%
MCK	B	0.31%
KO	D	0.31%
NTAP	C	0.29%
PM	B	0.28%
POWL	C	0.27%
DKS	C	0.25%
RF	A	0.25%
SR	A	0.24%
RTX	C	0.23%
ORCL	B	0.18%
GD	F	0.14%
GIS	D	0.14%
CFG	B	0.13%
CVS	D	0.1%
APP	B	0.1%

KVLE Underweight 53 Positions Relative to NFRA

Symbol	Grade	Weight
CNI	D	-3.39%
WCN	A	-2.53%
T	A	-2.47%
NEE	D	-2.41%
TMUS	B	-1.83%
SO	D	-1.47%
AMT	D	-1.41%
EQIX	A	-1.32%
WM	A	-1.26%
CEG	D	-1.09%
CSX	B	-1.08%
WMB	A	-1.05%
HCA	F	-1.02%
NSC	B	-0.93%
SRE	A	-0.9%
DLR	B	-0.86%
PCG	A	-0.85%
KMI	A	-0.82%
D	C	-0.72%
CCI	D	-0.69%
RSG	A	-0.66%
TRGP	B	-0.65%
CHTR	C	-0.6%
EXC	C	-0.6%
XEL	A	-0.59%
EIX	B	-0.5%
AWK	D	-0.4%
VLTO	D	-0.39%
SBAC	D	-0.36%
THC	D	-0.25%
CLH	B	-0.19%
UHS	D	-0.17%
LBRDK	C	-0.17%
EHC	B	-0.16%
WTRG	B	-0.15%
FYBR	D	-0.13%
CWST	A	-0.1%
AM	A	-0.09%
SIRI	C	-0.09%
SEM	B	-0.07%
GEO	B	-0.06%
ACHC	F	-0.06%
CWT	D	-0.05%
AWR	B	-0.05%
IRDM	D	-0.05%
CCOI	B	-0.05%
CXW	B	-0.04%
PCT	C	-0.03%
SJW	D	-0.03%
UNIT	B	-0.02%
MSEX	B	-0.02%
NFE	D	-0.01%
FSLY	D	-0.01%