Global X AgTech & Food Innovation ETF

Frequently Asked Questions About KROP

What does KROP invest in?

KROP tracks an index that combines two thematic exposures into one fund: agricultural technology and food innovation. The issuer defines agricultural technology as technologies used to increase crop yields, reduce farming labor, and optimize farming using controlled environments. While food innovation is defined as technologies used to produce plant/non-animal-based food alternatives, and reduce food waste in the supply chain. The issuer primarily uses a natural language processing algorithm to classify companies into three categories: pure-play, pre-revenue, and diversified, depending on their exposure to above mentioned business activities. The index then selects 20 pure-play companies from each theme. If less than 40 companies are selected, then pre-revenue and diversified companies may be included. Weighting is based on market-cap, pure-plays are capped at 12% per company and pre-revenue and diversified companies are capped at an aggregate of 15%. Rebalancing is done semi-annually.

What is the expense ratio of KROP?

Global X AgTech & Food Innovation ETF (KROP) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is KROP?

Global X AgTech & Food Innovation ETF (KROP) manages $9.3M 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 KROP actively managed or an index fund?

KROP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was KROP launched?

Global X AgTech & Food Innovation ETF (KROP) launched in July 2021 and is managed by Global X.

How has KROP performed?

KROP'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.