CUBS — Asian Growth Cubs ETF
Data updated: 2023-09-27
CUBS — Asian Growth Cubs ETF. Emerging Markets Growth Equity · $10.38M AUM · 0.99% expense ratio. Holdings, fees, performance and SEC filings.
CUBS Fund Overview
CUBS — Asian Growth Cubs ETF is a US ETF managed by Exchange Listed Funds Trust, categorised as Emerging Markets Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Listed Funds Trust
- Category: Emerging Markets Growth Equity
- Assets under management: $10.38M
- 1-year return: -5.4%
- Ticker: CUBS
- SEC CIK: 0001547950
- SEC series ID: S000071948
- Share class ID: C000227565
CUBS Investment Objective and Strategy
Asian Growth Cubs ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Listed Funds Trust.
Investment objective
The Asian Growth Cubs ETF (the Fund) seeks to provide long-term growth.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of Asian issuers. The Fund invests primarily in equity securities of issuers listed on securities exchanges in Bangladesh, Indonesia, Pakistan, the Philippines, and Vietnam ( i.e. , the Asian Growth Cubs), which are emerging market and frontier market countries. The Fund generally will invest at least 85% of its net assets directly in securities of issuers in these countries and may invest up to 15% of its net assets in (i) depositary receipts representing such securities and (ii) ETFs that are listed on an Asian Growth Cubs securities exchange and invest in the securities of issuers in which the Fund may invest directly.
In determining which securities from these five countries to include in the Funds portfolio, Tema Global Limited (formerly Dawn Global Limited), the Funds sub-adviser (the Sub-Adviser), employs a proprietary investment process. The first stage of the process involves a proprietary top-down security screen that takes into account, as the Sub-Adviser deems applicable, environmental, social, and corporate governance (ESG) considerations, size considerations, liquidity considerations, quality considerations, and risk considerations. The Sub-Adviser excludes from the Funds portfolio certain industries and sub-industries relating to defense, fossil fuels, mining, and tobacco identified by the Sub-Adviser due to ESG considerations. In addition, issuers must meet a minimum market capitalization of $200 million.
The liquidity, quality, and risk considerations may include but are not limited to growth rates, margins, returns, leverage, and trading liquidity. The second stage of the process is a proprietary bottom-up security review that includes a financial review, valuation review, and a management review, each as deemed applicable by the Sub-Adviser. The Sub-Adviser then constructs the portfolio using the selected securities. The Sub-Adviser generally expects to remove from the Funds portfolio securities of issuers that are alleged to have been engaged in financial fraud or are the target of a takeover. The Fund may invest in securities issued in an initial public offering (IPO). The Sub-Adviser generally expects the Fund to hold up to 40-60 securities. The Fund is a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act) and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund.
CUBS Performance
Total returns for CUBS (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.4% |
| 3 years (annualised) | -9.6% |
CUBS Risk Information
Risk metrics for CUBS, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.3%
CUBS Costs and Fees
CUBS costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 1.11%
- Portfolio turnover: 38%
- Brokerage commissions: 18.92 bps of average net assets (SEC N-CEN)
CUBS Cashflows
Over the 12 months to 2023-07, Asian Growth Cubs ETF had net inflows of $222.53K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | $0 |
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | $1.53K |
| 2023-03 | $0 |
| 2023-02 | $0 |
CUBS Debt Constituents
No individual debt constituents are reported in Asian Growth Cubs ETF's latest SEC N-PORT filing.
CUBS Prospectus and SEC Filings
Official Asian Growth Cubs ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-08-30
- Prospectus (485BPOS) — filed 2021-06-02
- Prospectus supplement (497) — filed 2021-06-21
- Portfolio holdings (N-PORT) — filed 2023-09-27
- Portfolio holdings (N-PORT) — filed 2023-06-22
- Portfolio holdings (N-PORT) — filed 2023-03-22
- Annual census (N-CEN) — filed 2023-07-11
- Annual census (N-CEN) — filed 2022-07-05
Related Funds
Other Emerging Markets Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.