- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Jul 12, 2016
- Business
- Global X Conscious Companies ETF (KRMA) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Concinnity Conscious Companies Index. The ETF offers investors exposure to well-managed U.S. companies demonstrating robust financial performance while achieving positive outcomes for five key stakeholders—Customers, Suppliers, Stock & Debt Holders, Local Communities, and Employees—through the proprietary Multi-stakeholder Operating System (MsOS); it employs proactive screens via a three-step process monitoring consistent achievement using diverse sources, including fundamental financial ratios for operational efficiency and long-term value creation. Holdings are selected from companies appearing at least three consecutive years on the annual Concinnity MsOS List, with minimum market capitalization of $2 billion and average daily trading volume of $4 million, balanced across sectors relative to the Solactive US Large Cap Index and equally weighted with adjustments for underweight exposures; top sectors include Information Technology (41.0%), Financials (12.2%), and Consumer Discretionary (11.3%), with leading holdings such as NVIDIA Corp., Apple Inc., and Microsoft Corp.
Launched in July 2016 and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments (acquired in 2018), the ETF is headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158, and trades on the Nasdaq under the ticker KRMA. The index undergoes annual reconstitution in October and quarterly rebalancing in January, April, and July, with provisions for constituent deletion due to falling below $1.5 billion market cap, insufficient trading volume, or extraordinary negative stakeholder events as determined by index provider Concinnity Advisors, LP. No major acquisitions, funding rounds, partnerships, or product launches specific to KRMA have been reported in the last 1-2 years, though the fund maintains ongoing alignment with its methodology amid a stable ETF landscape.