KBTY seeks to track the Indxx K-Beauty Index, 25 companies spanning Korea's beauty brands, the manufacturers that make their products, distributors and retailers, and aesthetics and dermatology.
Launching November 2026
Until then: ProspectusResearch report
Launch updates now, fund news after.
K-Pop and K-Drama put Korea in front of the world, and no consumer export has benefited more than beauty. Global sales of Korean beauty grew 53% in the past year, and Korea is now the world's second-largest cosmetics exporter.
Korea has built a beauty infrastructure few countries can match — specialist manufacturers, packaging suppliers and export logistics, all available to any brand. That gives the whole industry a speed edge — idea to shelf in as little as three to six months, where other markets can take a year or more.
Korean brands put ingredients like snail mucin, propolis and fermented extracts on bathroom shelves around the world, and Korea's regulator reviews "functional" cosmetics for safety and effectiveness before they can claim to work — real results, at prices for everyday buyers.
KBTY gives investors access to the K-Beauty ecosystem in a single ETF. It seeks to track an index spanning the brands, the manufacturers that make their products, the distributors and retailers, and the aesthetics and dermatology companies.
The K-Beauty ETF is an index fund. It seeks to track the performance, before fees and expenses, of the Indxx K-Beauty Index, and is expected to begin trading on NYSE Arca in the second week of November 2026. KBTY pays a single unitary management fee of 0.55% of average daily net assets; out of that fee the Adviser pays substantially all of the Fund's operating expenses (except items such as interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses).
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
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.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted. Performance data for the most recent month-end is available above.
Fund holdings and sector allocations are subject to change.
Morningstar assigns a rating only to funds with at least a three-year track record. This fund is newly organized and will become eligible once it reaches three years. The Morningstar Rating™ is then calculated from a risk-adjusted return measure, with the top 10% of funds in a category receiving 5 stars and the bottom 10% receiving 1 star.
The Fund's shares are bought and sold at market price, which may differ from NAV.
Important risk information. Investing involves risk, including possible loss of principal. The Fund is non-diversified and concentrates its investments in the Korean beauty value chain, so it is more exposed to developments affecting those industries than a diversified fund. The K-beauty theme is driven by consumer and fashion trends, may prove faddish, and there is no assurance it will develop or persist as anticipated. The Fund invests substantially all of its assets in securities economically tied to South Korea and is exposed to that country's political, economic, regulatory and market conditions, including the risk of conflict on the Korean peninsula. Its investments are denominated primarily in the South Korean won and the Fund does not generally expect to hedge its currency exposure. The Fund invests predominantly in small- and mid-capitalization companies, which may be more volatile and less liquid than larger companies. The Fund is passively managed and its return may not match the return of the Index. The Fund is newly organized and has a limited operating history. See the prospectus for more information.
"Indxx" is a service mark of Indxx and has been licensed for use for certain purposes by the Advisor. The Funds are not sponsored, endorsed, sold or promoted by Indxx. Indxx makes no representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly. Indxx has no obligation to take the needs of the Advisor or the shareholders of the Funds into consideration in determining, composing or calculating the Underlying Indices. Indxx is not responsible for and has not participated in the determination of the timing, amount or pricing of the Fund shares to be issued or in the determination or calculation of the equation by which the Fund shares are to be converted into cash. Indxx has no obligation or liability in connection with the administration, marketing or trading of the Funds.
Shares of an ETF are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Guinness Atkinson Asset Management, Inc. Carefully consider the fund's objectives, risks, charges and expenses before investing; this and other information is in the prospectus, which should be read carefully before investing.