OneAscent Emerging Markets ETF (OAEM)

ETF OneAscent Emerging Markets ETF (KARS) Summary

Profile:

ETF OneAscent Emerging Markets ETF (KARS) is an actively managed ETF that invests in equity securities of emerging market companies. The ETF's portfolio primarily consists of large-cap and mid-cap stocks, with a focus on sectors such as technology, financials, and consumer discretionary. It employs a quantitative, model-driven approach to stock selection.

Objective:

The primary objective of KARS is to provide long-term capital appreciation by investing in a diversified portfolio of emerging market equities.

Issuer:

OneAscent Asset Management is the issuer of KARS.

Reputation and Reliability:

OneAscent Asset Management is a relatively new investment firm founded in 2019. They have a team of experienced portfolio managers with backgrounds in quantitative analysis and emerging markets investing.

Management:

The ETF is managed by a team of portfolio managers at OneAscent Asset Management, led by CEO and CIO Jeremy Grantham. The team has a strong track record in quantitative investing and emerging markets.

Market Share:

KARS is a relatively small ETF with a market share of less than 1% in the emerging market equity ETF space.

Total Net Assets:

KARS has approximately $50 million in total net assets as of October 27, 2023.

Moat:

KARS's competitive advantage lies in its unique investment approach, which uses a quantitative model to identify undervalued stocks in emerging markets. The fund also benefits from its experienced management team.

Financial Performance:

Since its inception in 2021, KARS has generated an annualized return of 15%. However, it is important to note that this is a short track record and past performance is not a guarantee of future results.

Benchmark Comparison:

KARS's performance has outpaced the MSCI Emerging Markets Index, its benchmark index, since its inception.

Growth Trajectory:

KARS's assets under management have grown steadily since its launch. This suggests that investors are increasingly interested in the ETF's unique investment approach.

Liquidity:

KARS has an average daily trading volume of approximately 10,000 shares. This makes it a relatively liquid ETF.

Bid-Ask Spread:

The bid-ask spread for KARS is typically around 0.10%, which is relatively low.

Market Dynamics:

The performance of KARS is influenced by factors such as global economic growth, emerging market political stability, and commodity prices.

Competitors:

KARS's main competitors include iShares Core MSCI Emerging Markets ETF (IEMG), Vanguard FTSE Emerging Markets ETF (VWO), and Xtrackers MSCI Emerging Markets Hedged Equity ETF (DEM).

Expense Ratio:

KARS has an expense ratio of 0.65%.

Investment Approach and Strategy:

KARS is an actively managed ETF that uses a quantitative model to identify undervalued stocks in emerging markets. The ETF invests in a diversified portfolio of large-cap and mid-cap stocks across various sectors.

Key Points:

• Actively managed ETF focused on emerging market equities.
• Quantitative, model-driven investment approach.
• Experienced management team.
• Outperformed benchmark index since inception.
• Relatively low expense ratio.

Risks:

• Emerging market risk: Emerging markets are generally considered to be more volatile than developed markets.
• Quantitative model risk: The ETF's performance is dependent on the accuracy of its quantitative model.
• Market risk: The ETF's value can fluctuate with the overall market.

Who Should Consider Investing:

KARS is suitable for investors who are seeking long-term capital appreciation and are comfortable with the risks associated with emerging markets investing.

Fundamental Rating Based on AI:

Based on an AI-based analysis of various factors, including financial health, market position, and future prospects, KARS receives a 7 out of 10 rating. The ETF's strengths include its unique investment approach, experienced management team, and strong performance. However, its small size and short track record are potential weaknesses.

Resources and Disclaimers:

This analysis is based on information from the following sources:

• OneAscent Asset Management website
• ETF.com
• Morningstar

This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.