KNO: AXS KNOWLEDGE LEADERS ETF
AXS KNOWLEDGE LEADERS ETF (KNO) Educational Report
What this ETF is trying to do
The AXS KNOWLEDGE LEADERS ETF (ticker: KNO) is an exchange-traded fund that holds a variety of different companies. Based on its top holdings, it includes names like Micron Technology Inc and Costco Wholesale Corp. This list is a partial view of its holdings, which can change over time.
What the numbers show
The current price of one share is $62.91. When looking at how the price has moved, we can see two different types of returns:
• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 22.68%. The one-year price return is approximately 24.59%.
• Total Return: This includes both the price change and any distributions (cash payments) made to investors. The YTD total return is approximately 22.68%. The one-year total return is approximately 25.93%.
To visualize the price change, if you had bought a share at its estimated price from roughly one year ago ($50.49), the price would have grown to its current level of $62.91.
Income and distribution explanation
Some investors look for "yield," which is the cash an ETF pays out. The distribution yield for KNO is approximately 0.88%. This means the cash distributions are about 0.88% of the ETF's price. The trailing distributions were $0.55 per share. It is important to remember that a distribution yield is not the same as total return. Also, distributions are paid out irregularly, with only one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. StockValueFinder uses an "erosion-risk score" to measure this risk. For KNO, the erosion score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The ETF has shown positive price returns both year-to-date and over the last year.
• The total return is higher than the price return over the last year, meaning distributions added value to the overall return.
• The erosion-risk measurement is rated as "good."
Cons
• The distribution frequency is irregular and less frequent, rather than a steady monthly or quarterly payment.
• The income rating grade is a "C."
Beginner takeaway
When looking at an ETF like KNO, it is helpful to distinguish between the share price and the total return. The share price tells you what the ETF costs, while the total return shows how much value was gained including cash payments. While this ETF provides some distributions, they are not frequent. Always remember that a high yield does not guarantee the share price will stay stable, though current data shows no detected price erosion for this fund.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | YEN JAPAN | n/a | 17.51% |
| 2 | MICRON TECHNOLOGY INC | MU | 11.44% |
| 3 | HERMES INTERNATIONAL SA | n/a | 3.87% |
| 4 | TRANE TECHNOLOGIES PLC CLASS A | TT | 2.97% |
| 5 | EMS-CHEMIE HOLDING AG | n/a | 2.80% |
| 6 | GEBERIT AG | n/a | 2.71% |
| 7 | GARMIN LTD | GRMN | 2.49% |
| 8 | EURO | n/a | 2.48% |
| 9 | COMFORT SYSTEMS USA INC | FIX | 2.46% |
| 10 | COSTCO WHOLESALE CORP | COST | 2.27% |