Subversive Food Security ETF

Frequently Asked Questions About KCAL

What does KCAL invest in?

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of Food Security Companies. The fund will concentrate its investments in the securities of issuers in the food and agriculture group of industries. Therefore, the fund will invest more than 25% of its total assets in securities issued by companies in the food and agriculture group of industries. It is non-diversified.

What is the expense ratio of KCAL?

Subversive Food Security ETF (KCAL) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations.

How big is KCAL?

Subversive Food Security ETF (KCAL) manages $572,566 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is KCAL actively managed or an index fund?

KCAL is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (KCAL's is 0.77%) in exchange for the discretion to over- or under-weight positions.

When was KCAL launched?

Subversive Food Security ETF (KCAL) launched in December 2022 and is managed by Subversive.

How has KCAL performed?

KCAL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.