Share-split context: A reverse split was recorded on Sep 2, 2025 with coefficient 0.333333. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The GLOBAL X AGTECH & FOOD INNOVATION ETF (Ticker: KROP) is designed to invest in companies involved in agricultural technology and food innovation. This includes businesses working on new ways to grow food and manage farming resources. The fund holds a total of 34 different holdings.

Top Holdings:

• DEERE & CO (13.10%)

• NUTRIEN LTD (11.88%)

• CORTEVA INC (11.79%)

• KUBOTA CORP (11.12%)

• BAYER AG (5.10%)

• CNH INDUSTRIAL NV (4.81%)

• LINDSAY CORP (4.45%)

• YUAN LONGPING HIGH-TECH AGRICULTURE CO LTD CLASS A (4.38%)

• AGCO CORP (4.25%)

• HEBEI YANGYUAN ZHIHUI BEVERAGE CO LTD CLASS A (4.04%)

*Note: This list is a partial view of the top holdings and can change over time.*

What the numbers show

KROP has shown positive growth in its recent price and total returns. It is important to remember that price return only measures the change in the share price, while total return includes both price changes and distributions.

• Year-to-Date (YTD): The price return is approximately 17.87%, while the total return is approximately 18.32%.

• One-Year: The price return was approximately 13.09%, and the total return was approximately 15.81%.

• Three-Year: The price return was approximately 13.64%, and the total return was approximately 20.30%.

The ETF has a history of a reverse split. In September 2025, a reverse split occurred where multiple old shares were combined into fewer new shares. This caused the quoted per-share price to rise mechanically, but this change does not represent a gain in investment value.

Income and distribution explanation

KROP provides some cash income through distributions. The current distribution yield is approximately 2.09%. This number describes the cash paid out relative to the current ETF price.

The fund has an income rating grade of "B." The distributions are described as irregular or less frequent, with 2 payouts recorded over the last 12 months. Because distributions are irregular, they may not arrive on a predictable schedule.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Regarding price erosion, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Pros

• The ETF has shown positive total returns over the one-year and three-year periods.

• The fund currently shows no detected price erosion according to the erosion score.

Cons

• Distributions are irregular and less frequent, which may make planning for steady income difficult.

• The five-year total return is approximately -41.74%.

Beginner takeaway

KROP focuses on the agricultural technology sector. While it has shown strong price and total returns recently, it has a history of significant negative returns over a five-year period. Investors looking for income should note that the distribution yield is approximately 2.09% and the payouts are not frequent or regular.