EKAR tracks the Innovation Labs Next Generation Vehicles Index, which is comprised of a basket of global stocks that have exposure to the theme of electric and selfdriving/autonomous vehicles. Over the next decade, auto industry experts expect a dramatic production shift away from light vehicles powered by internal combustion engines to those propelled by electric batteries. Meanwhile, the world’s adoption of autonomous vehicles is being supported by a growing trend toward shared mobility, technological advancements and an evolving regulatory environment. To give this basket a more defined framework, stocks are placed in one of four custom stakeholder categories in terms of how they relate to the theme:

Battery Producers: Companies that mine or produce materials, chemicals, and components that are used in the production of batteries.

Manufacturers (OEMs): Original Equipment Companies that design, manufacture and/or distribute new energy vehicles (NEVs) and autonomously driven vehicles (ADVs).

Suppliers: Companies that produce or distribute parts and components used in NEVs and ADVs. This may include but not limited to thermal management (heating/cooling) systems & drive-train elements (other than batteries).

Semiconductors & Software: Companies that produce semis & software used in NEVs and ADVs including but not limited to advanced driver-assistance systems, light detection & ranging and infotainment. Companies that develop software necessary for sensing, mapping and providing driving policy within NEVs and ADVs.

Data as of: 12/09/2019


Primary Exchange NYSE
Ticker EKAR
CUSIP 301505756
Net Assets $1,638,014.57
Distribution Yield** TBD
Shares Outstanding 75,000
Number of Holdings 70
Fund Inception Date 02/13/2018
Expense Ratio 95 bps
30-day SEC Yield*** TBD
Net Asset Value (NAV)

NAV $21.84
Daily Change $0.01
Daily Change (%) 0.06%
Market Price

Closing Price $21.87
Daily Change $-0.08
Daily Change (%) -0.36%
Premium Discount

NAV Market Price Premium/Discount
21.84 $21.87 $0.03
Month End Performance as of: 11/30/2019

1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year
Fund NAV 3.76% 14.44% 15.90% -9.83% 7.60% TBD TBD
Market Price 3.94% 14.55% 16.51% -9.46% 7.48% TBD TBD
Quarter End Performance as of: 09/30/2019

1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year
Fund NAV 3.62% -1.64% 4.94% -18.35% -13.87% TBD TBD
Market Price 3.82% -1.49% 5.59% -17.94% -13.58% TBD TBD

Historical Premium/Discount


  • Premium Discount Quarter End: 06/30/2019

    Quarter End: 06/30/2019

    Days between -0.5 & +0.5% 76.19%
    Number of Days between -0.5 & +0.5% 48
    Greatest Premium 1.00%
    Greatest Discount -0.50%
    Number of days at:
    Premium 59
    NAV 0
    Discount 4
  • Premium Discount Quarter End: 03/31/2019

    Quarter End: 03/31/2019

    Days between -0.5 & +0.5% 67.21%
    Number of Days between -0.5 & +0.5% 41
    Greatest Premium 1.50%
    Greatest Discount -0.50%
    Number of days at:
    Premium 57
    NAV 0
    Discount 4
  • Premium Discount Quarter End: 12/31/2018

    Quarter End: 12/31/2018

    Days between -0.5 & +0.5% 63.49%
    Number of Days between -0.5 & +0.5% 40
    Greatest Premium 1.50%
    Greatest Discount -1.50%
    Number of days at:
    Premium 46
    NAV 0
    Discount 17
  • Premium Discount Quarter End: 09/30/2018

    Quarter End: 09/30/2018

    Days between -0.5 & +0.5% 84.13%
    Number of Days between -0.5 & +0.5% 53
    Greatest Premium 1.00%
    Greatest Discount -0.50%
    Number of days at:
    Premium 61
    NAV 0
    Discount 2
  • Previous Calendar Year: Jan. 01, 2018 - December 31, 2018

    Previous Calendar Year: Jan. 01, 2018 - December 31, 2018

    Days between -0.5 & +0.5% 73.09%
    Number of Days between -0.5 & +0.5% 163
    Greatest Premium 1.50%
    Greatest Discount -1.50%
    Number of days at:
    Premium 190
    NAV 0
    Discount 33

The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. 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. Returns less than one year are not annualized. You cannot invest directly in an index. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

All of the distributions made from the inception of the Fund through its fiscal year end have been solely attributable to net investment income and capital gains. In the future, distributions could be attributable to net investment income, capital gains and / or from a return of capital. A return of capital is a return of all or part of a shareholder’s original investment in the Fund which could occur if the Fund makes distributions in an amount that exceeds the Fund’s net investment income and net capital gain.

**Distribution Yield: is the annual yield an investor would receive if the most recent distribution remained the same going forward. The yield represents a single distribution from the fund and does not represent total return to the fund. The distribution yield is calculated by annualizing the most recent distribution and dividing it by the most recent NAV.

***30-Day SEC Yield: is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the interest earned during the period after deducting the Fund’s expenses for the period.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the midpoint or the last bid/ask spread at 4:00pm Eastern time.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting innovationshares.com. Investors should read it carefully before investing or sending money.

Investing involves risk, including possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. There is no guarantee the fund will achieve its stated objective.

There is no assurance that stocks selected according to the natural language processing algorithm will outperform stocks of other companies. There is no guarantee that the Methodology will generate or produce the intended results.

Next Generation Vehicles are a relatively new development and there can be no assurance that they will be widely adopted by the general public. Companies may be subject to risks related to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product production, and changes in business cycle and government regulation. The fund will be subject to the risks of its underlying holdings, that may include, battery producers, mining companies, producers or distributors of parts and components, software, semiconductors, that the technologies may not succeed.

Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated and do not represent the returns an investor would receive if shares were traded at other times. Brokerage commissions will reduce returns.

Exchange Traded Concepts, LLC serves as the investment advisor, and Penserra Capital Management LLC serves as the sub-advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

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