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C5KE

Social & Economic Empowerment

UCITS ETF
Holdings 69
Expense ratio 0.49%
Ticker C5KE
ISIN IE0004EMZ4E0

Fund Vision

The CIRCA5000 Social & Economic Empowerment UCITS ETF (C5KE) aims to create equal social and economic opportunities for all. Inequalities transcend all aspects of society and the economy, and take many forms— from wealth inequality to gender and education, the negative impact of these inequalities is enormous. Boosting female employment rates alone could generate an additional $6 trillion in GDP (UN Women). C5KE seeks to invest in companies that are using their platforms to open up economic and social opportunities to underserved and undervalued populations. In turn, these companies will empower generations through enhanced access to services including education, financial services and technology. C5KE aims to deliver investment results corresponding to the Bita CIRCA5000 Social & Economic Empowerment Impact Index.

As at 28/05/2024

Sub-theme Breakdown

Check out the specific areas of growth and innovation that this fund targets.

  1. Financial Services 42.1%
  2. Education 25.7%
  3. Social Inclusion 15.0%
  4. Accessible Technology 11.5%
  5. Market Access 5.6%

Positive Impact

We use external specialists to provide investment-grade data on the social and environmental outcomes of the companies within our funds.

  • 41M Previously Excluded Financial Services Customers
  • 88M Developing Market Customers Given Access to Broadband
  • 12M Students Graduating

CIRCA5000's strategy is to invest in companies that manufacture products, or offer the services that generate a positive environmental or social impact. For example, the homeowner who buys solar panels for their home is ultimately responsible for the positive impact generated and the company that manufactured them is the facilitator. Therefore, by investing in these companies, CIRCA5000 supports users to generate a positive impact, but we are of course, not responsible for it on our own.

This impact is therefore 'associated' rather than direct. We source our data from Net Purpose to ensure we have the most robust and complete data possible.

Data is annual and based on the latest company reports, with some additional products and services estimates provided by Net Purpose.

As at 27/05/2024

Index Performance

Past performance is not a reliable indicator of future performance. The figures in the chart above refer to simulated past performance from the Bita CIRCA5000 Social & Economic Empowerment Impact Index (BCSEEII) established by BITA (www.bitadata.com). It is calculated using backtested performance data from the underlying holdings of the CIRCA5000 Social & Economic Empowerment UCITS ETF (C5KE) and the data is backtested from 07/03/2014. The performance is backtested index data which has been sourced from the index provider BITA and is based on what they perceive to be reasonable assumptions and objective data. The index currency is based in USD and gross of fees. Factors such as fund fees, trading fees and currency exchange rates may affect your return. The annual TER for C5KE is 0.49%. The index was changed on 07/05/2024 due to a change in impact data provider.

As at 28/05/2024

Fund Holdings

Download spreadsheet
Name
ISIN
HDFC Bank Ltd
US40415F1012
5.3%
Recruit Holdings Co. Ltd.
JP3970300004
4.6%
Prosus NV
NL0013654783
4.4%
Mercadolibre
US58733R1023
3.9%
Experian
GB00B19NLV48
3.8%
Adyen
NL0012969182
3.4%
Block Inc
US8522341036
2.9%
Telefonica
ES0178430E18
2.6%
Nu Holdings Ltd.
KYG6683N1034
2.6%
Vodafone Group
GB00BH4HKS39
2.4%
Informa
GB00BMJ6DW54
2.2%
Jack Henry & Associates
US4262811015
1.9%
Adtalem Global Education Inc
US00737L1035
1.7%
Perdoceo Education Corp
US71363P1066
1.6%
Moneylion
US60938K3041
1.6%
Laureate Ed
US5186132032
1.6%
Telenor
NO0010063308
1.5%
Millicom International Cellular
LU0038705702
1.5%
Pearson
GB0006776081
1.5%
Stride
US86333M1080
1.5%
Grand Canyon Education
US38526M1062
1.4%
Axis Bank Limited
US05462W1099
1.4%
John Wiley & Sons Inc
US9682232064
1.4%
Strategic Education
US86272C1036
1.4%
Euronet Worldwide Inc.
US2987361092
1.4%
Helios Towers Plc
GB00BJVQC708
1.3%
Grab Holdings
KYG4124C1096
1.3%
Kanzhun
US48553T1060
1.3%
State Bank of India
US8565522039
1.3%
Universal Technical Institute
US9139151040
1.3%
Seek Ltd
AU000000SEK6
1.3%
PowerSchool Holdings
US73939C1062
1.3%
Q2 Holdings Inc
US74736L1098
1.2%
IHS Holdings
KYG4701H1092
1.2%
Nelnet
US64031N1081
1.2%
Afya
KYG011251066
1.2%
WEX Inc
US96208T1043
1.1%
FinVolution Group
US31810T1016
1.1%
Wise
GB00BL9YR756
1.1%
Payoneer Global Inc
US70451X1046
1.1%
IDP Education
AU000000IEL5
1.0%
Duolingo
US26603R1068
1.0%
Robert Half International
US7703231032
1.0%
PagSeguro
KYG687071012
1.0%
Zip Co Ltd
AU0000218307
1.0%
Trinet
US8962881079
0.9%
Insource
JP3152670000
0.9%
Udemy Inc
US9026851066
0.9%
Bright Horizons Family Solutions
US1091941005
0.9%
ATN International
US00215F1075
0.8%
Fiverr International Ltd
IL0011582033
0.8%
Remitly
US75960P1049
0.8%
Franklin Covey Co
US3534691098
0.8%
Bill Holdings
US0900431000
0.8%
SoFi Technologies
US83406F1021
0.8%
Upstart Holdings
US91680M1071
0.8%
Amerisafe
US03071H1005
0.8%
Kelly Services
US4881522084
0.8%
Federal Agricultural Mortgage
US3131483063
0.7%
Boku
USU7744C1063
0.7%
Open Lending Corp
US68373J1043
0.7%
Upwork
US91688F1049
0.7%
ZipRecruiter Inc
US98980B1035
0.7%
Coursera
US22266M1045
0.6%
Pasona
JP3781490002
0.6%
Docebo Inc
CA25609L1058
0.6%
Nerdwallet
US64082B1026
0.5%
Yeahka
KYG9835C1087
0.5%
dLocal
KYG290181018
0.5%

As at 28/05/2024

Exposure Breakdown

Geography
USA
41.0%
37 Holdings
UK
9.7%
6 Holdings
India
8.0%
3 Holdings
Netherlands
7.8%
2 Holdings
Japan
6.1%
3 Holdings
Brazil
4.8%
3 Holdings
Uruguay
4.3%
2 Holdings
Ireland
3.8%
1 Holding

As at 27/05/2024

Fund Details

Fund AUM
USD 5,294,340
NAV per share
USD 5.88
Number of holdings
69
Ticker (USD)
C5KE
Ticker (GBP)
CKEG
ISIN
IE0004EMZ4E0
Base Currency
USD
Income Treatment
Accumulating
Inception Date
05/06/2023
Primary Exchange
London Stock Exchange
Total Expense Ratio (TER)
0.49%
Domicile
Ireland
Replication Method
Physical - Full Replication
Index Ticker
BCSEEII
Index Provider
BITA GmbH
Issuer
CIRCA5000 ICAV
Promoter
CIRCA5000 UK Ltd
Investment Manager
Vident Advisory, LLC
Custodian
J.P. Morgan SE, Dublin Branch
SFDR Classification
Article 9
UCITS Compliant
Yes
UK Reporting Status
Yes
ISA Eligible
Yes
SIPP Eligible
Yes

Risks

Equity Risk

The fund may invest in equity securities which are subject to greater fluctuations than other assets. Factors which may affect the fluctuation including economic conditions, industry or company news. High volumes of trading may also see increased transaction costs.

Thematic Risk

The Fund may be subject to the risks associated with, but not limited to, investing in companies with a material exposure to the climate transition. These risks include the obsolescence of intellectual property as technology evolves and changes in regulation or government subsidies that may affect the revenue or profitability of a company.

Operational Risk

The Fund and its assets may experience material losses as a result of technology/system failures, human error, policy breaches, and/or incorrect valuation of units.

Market Risk

The risk that the market will go down in value, with the possibility that such changes will be sharp and unpredictable.

Currency Risk

Some of the Fund’s investments may be denominated in currencies other than the Fund’s base currency (USD) therefore investors may be affected by adverse movements of the denominated currency and the base currency.

Sustainability Risk

The Manager, acting in respect of the Fund, through the Investment Manager as its delegate, integrates sustainability risks into the investment decisions made in respect of the Fund. Given the investment strategy of the Fund and its risk profile, the likely impact of sustainability risks on the Fund’s returns is expected to be low.

Derivative Risk

The Fund may invest in Financial Derivative Instruments (FDIs) to hedge against risk, to increase return and/or for efficient portfolio management. There is no guarantee that the Fund’s use of derivatives for any purpose will be successful. Derivatives are subject to counterparty risk (including potential loss of instruments) and are highly sensitive to underlying price movements, interest rates and market volatility and therefore come with a greater risk.

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