KOIN
SUMMARY

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Blockchain is a new digital protocol for authentication and authorization that allows parties to bypass a centralized administrator. By investing in the benchmark constituents, KOIN seeks to give investors access to companies that may benefit from a technology that has the potential to revolutionize the way global trade is conducted, data is secured, supply chains are managed, financial instruments are cleared and contracts are recorded. 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:

Cryptocurrency As Payment: Companies that accept cryptocurrency as payment for goods or services or are developing blockchain payment solutions.

Mining Enablers: Companies that either create equipment and/or tools to enable creation of new blockchains or are mining blockchains as their main business.

Solutions Providers: Companies engaged as blockchain as service providers. They assist businesses & organizations in the creation and implementation of blockchain applications.

Adopters: Companies that primarily use blockchain technology to increase operational efficiencies, optimize settlement processes, enhance the customer experience and/or increase data security/integrity.

Data as of: 06/24/2019


Primary Exchange NYSE
Ticker KOIN
CUSIP 301505764
Net Assets $10,139,740.71
Distribution Yield** TBD
Shares Outstanding 375,000
Number of Holdings 49
Fund Inception Date 01/30/2018
Expense Ratio 95 bps
30-day SEC Yield*** TBD
Net Asset Value (NAV)

NAV $27.04
Daily Change $0.05
Daily Change (%) 0.17%
Market Price

Closing Price $27.03
Daily Change $-0.03
Daily Change (%) -0.11%
Premium Discount

NAV Market Price Premium/Discount
$27.04 $27.03 $-0.01

Performance Cumulative (%)


Month end as of: 05/31/2019

1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year
Fund NAV -6.78% 0.60% 15.12% 2.57% 3.78% TBD TBD
Market Price -6.78% 0.56% 15.68% 2.66% 3.32% TBD TBD
Quarter end as of: 03/31/2019

1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year
Fund NAV 3.26% 18.17% 18.17% 5.29% 10.93% TBD TBD
Market Price 3.10% 18.61% 18.61% 5.26% 10.52% TBD TBD

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.

Historical Premium/Discount


  • Premium Discount Quarter End: 03/31/2019

    Quarter End: 03/31/2019

    Days between -0.5 & +0.5% 95.08%
    Number of Days between -0.5 & +0.5% 58
    Greatest Premium 0.5%
    Greatest Discount -1%
    Number of days at:
    Premium 32
    NAV 0
    Discount 29
  • Premium Discount Quarter End: 12/31/2018

    Quarter End: 12/31/2018

    Days between -0.5 & +0.5% 98.41%
    Number of Days between -0.5 & +0.5% 62
    Greatest Premium 0.5%
    Greatest Discount -1%
    Number of days at:
    Premium 35
    NAV 0
    Discount 28
  • Premium Discount Quarter End: 09/30/2018

    Quarter End: 09/30/2018

    Days between -0.5 & +0.5% 98.41%
    Number of Days between -0.5 & +0.5% 62
    Greatest Premium 1%
    Greatest Discount -0.5%
    Number of days at:
    Premium 60
    NAV 0
    Discount 3
  • Premium Discount Quarter End: 06/30/2018

    Quarter End: 06/30/2018

    Days between -0.5 & +0.5% 90.62%
    Number of Days between -0.5 & +0.5% 58
    Greatest Premium 1%
    Greatest Discount -1%
    Number of days at:
    Premium 60
    NAV 0
    Discount 4
  • Previous Calendar Year: Jan. 01, 2018 - December 31, 2018

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

    Days between -0.5 & +0.5% 94.42%
    Number of Days between -0.5 & +0.5% 220
    Greatest Premium 1%
    Greatest Discount -1%
    Number of days at:
    Premium 193
    NAV 0
    Discount 40

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.

Currently, there are few public companies for which Blockchain technology represents an attributable and significant revenue stream, and companies eligible for inclusion in the index may have minimal ties to blockchain. In addition: cryptographic keys necessary to transact on a blockchain may be subject to theft, loss, or destruction; competing platforms and technologies may be developed that consumers use instead of blockchain; that companies that use blockchain technology may be subject to cybersecurity risk, and that such companies may not be able to develop applications or may not be able to capitalize on them; that there may be a lack of liquid markets and possible manipulation of blockchain-based assets; that there may be risks posed by the lack of regulation in this space; that blockchain systems built using third party products may be subject to technical defects or vulnerabilities beyond a company's control; and that blockchain is a new and untested technology which may never be implemented on a scale that provides identifiable benefits.

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.