At a glance
KROP charges 0.5% a year, below the 0.52% average of the 4 funds most like it (the 3rd cheapest of 5). It has $9.2M in assets, the 4th largest of that group; it paid 2.23% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +7.9% with distributions reinvested (S&P 500: +11.5%), 4th of those 5 funds; over three years it returned +6.3% a year. At its worst it fell 29.1% in the 2022 bear market (S&P 500: 24.5%), and is still below its earlier high. Its ten largest positions make up 85.0% of the fund, out of 31 in all.
The short version
Global X AgTech & Food Innovation ETF (KROP) tracks the Solactive AgTech & Food Innovation Index, offering a targeted bet on farm technology and food innovation companies. It is concentrated: as of May 31, 2026, Kubota, Corteva, Nutrien and Deere were each about 12% to 14% of the fund. It is also very small, with $9.2 million in assets on that date, and lost 43% over the five years through October 27, 2026.
Price history
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KROP +7.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| KROP official prospectus, to Dec 31, 2025 | — | +7.66% | — | — | — | -17.20% |
| KROP price data to Oct 27, 2026 | +11.4% | +7.9% | +6.3% | -10.6% | — | -12.3% |
- Over the year to Oct 27, 2026, KROP returned +7.9%, 4th of 5 among similar funds.
- Its 5-year annualized return was -10.6%.
- Its worst full calendar year was 2022 (-27.2%); its best was 2025 (+7.8%).
- The deepest fall in its price history was 62% (Aug 10, 2021 to Apr 8, 2025), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.4% | — |
| 2025 | +7.8% | +7.66% |
| 2024 | -8.8% | -8.02% |
| 2023 | -23.9% | -23.92% |
| 2022 | -27.2% | -27.09% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 27.1% over that stretch · deepest drop along the way 29.1%, not recovered by the end of the data |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.1400 | |
| 2025 | $0.8202 | +51.7% |
| 2024 | $0.5405 | +20.0% |
| 2023 | $0.4505 | +50.0% |
| 2022 | $0.3003 |
What's inside
As of May 31, 2026, the fund held 31 securities; the ten largest made up 85.01% of assets.
| Holding | Weight | |
|---|---|---|
| KUBOTA CORPORATION | 14.23% | |
| CORTEVA, INC. | 13.07% | |
| Nutrien Ltd. | 12.70% | |
| DEERE & COMPANY | 12.47% | |
| BNYREPOS RA | 8.31% | |
| Hebei Yangyuan ZhiHui Beverage Co Ltd | 6.67% | |
| ARCHER-DANIELS-MIDLAND COMPANY. | 5.06% | |
| AGCO CORPORATION | 4.27% | |
| CNH Industrial N.V. | 4.22% | |
| FMC CORPORATION | 4.01% | |
| SPROUTS FARMERS MARKET, INC. | 3.87% | |
| Yuan Long Ping High-Tech Agriculture Co., Ltd. | 3.66% | |
| LINDSAY CORPORATION | 3.60% | |
| CHENG DE LOLO Co.,Ltd. | 2.33% | |
| NUFARM LIMITED | 2.06% |
By country
United States 76.36%Japan 14.23%China 12.92%Australia 2.06%Canada 0.75%By asset type
Stocks 99.73%RA 8.31%What changed recently
- Over the three months to May 31, 2026, investors added a net $2.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.72%, +2.93%, -6.62%.
How it works
KROP is an index fund. It aims to match the Solactive AgTech & Food Innovation Index, before fees, rather than follow a manager's stock picks. It invests at least 80% of total assets in the index's stocks or in depositary receipts (certificates representing foreign shares) based on them. It does not use leverage.
Solactive, the index provider, picks stocks in two steps. First, a natural language processing algorithm (software that reads text) scans filings, earnings call transcripts and other public documents to rank companies tied to farm technology and food innovation. Solactive then checks that top-ranked companies earn at least 50% of revenue from areas such as precision agriculture, farm robotics, indoor farming, crop biotechnology, plant-based proteins and food-waste reduction. As of January 31, 2026, companies needed a market value of at least $50 million and a minimum level of daily trading. If fewer than 30 companies qualify, firms only partly in these businesses, or with no revenue yet, can be added, capped at 15% combined at each twice-yearly rebalance.
In practice, the index leans toward established equipment and crop-input makers. As of May 31, 2026, the fund held 31 stocks, led by Kubota (14.2%), Corteva (13.1%), Nutrien (12.7%) and Deere (12.5%), and its top 10 positions made up 85% of assets. It may also lend out securities worth up to one-third of total assets.
What it really costs
- KROP charges 0.5% a year, versus an average of 0.52% for the similar funds below (3rd of 5, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $628 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| KROP | $51 | $160 | $280 | $628 |
In a retirement portfolio
It is a narrow, concentrated bet on agriculture stocks that fell as much as 62% from its 2021 peak, which suits a small slice of a portfolio rather than a central role.
KROP could add targeted exposure to agriculture-related stocks, mostly in the US, Japan and China. It launched in July 2021, so it has no record in the 2008 or 2020 crashes. In the 2022 bear market it fell 29.1%. The prospectus shows losses in 2022 (-27.09%, its worst year), 2023 (-23.92%) and 2024 (-8.02%). From its August 2021 peak to April 2025 it fell 62%, and it had not recovered as of October 27, 2026. Selling then would have locked in steep losses.
Income is modest: the fund pays dividends twice a year, and its yield over the prior year was 2.23% as of October 27, 2026. Its 0.50% expense ratio, or $51 in the first year on $10,000 under the SEC's standard example, is close to the 0.52% peer average. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a concentrated agriculture bet: Kubota, Corteva, Nutrien and Deere were each about 12% to 14% of assets as of May 31, 2026.
- Investors wanting agriculture exposure beyond the US, with Japan about 14% and China about 13% of the fund as of May 31, 2026.
- Those wanting a holding less tied to broad market swings: its one-year beta (market sensitivity) was 0.44 as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: VEGI charges 0.39% versus KROP's 0.50%, overlaps 41% in holdings, and returned more over one and three years to October 27, 2026.
- Those wary of tiny funds: KROP held $9.2 million as of May 31, 2026, versus $944 million for MOO as of June 30, 2026.
- Investors who may need to sell soon: it fell 62% from August 2021 to April 2025 and had not recovered by October 27, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| KROP this fund | — | 0.5% | $9.2M | +7.9% | +6.3% |
| VEGI iShares MSCI Agriculture Producers ETF | 41% | 0.39% | $155.9M | +14.4% | +10.3% |
| MOO VanEck Agribusiness ETF | 39% | 0.53% | $943.9M | +11.9% | +6.9% |
| FTAG First Trust Indxx Global Agriculture ETF | 34% | 0.7% | $14.2M | +9.6% | +7.7% |
| IVEG iShares Emergent Food and AgTech Multisecto… | 25% | 0.47% | $4.3M | +0.3% | +9.3% |
Questions investors ask
What does KROP invest in?
KROP, a Global X fund issued by Mirae Asset Global Investments, holds stocks picked by the Solactive AgTech & Food Innovation Index, which targets companies in farm technology and food innovation. As of May 31, 2026, it had 31 holdings. The largest were Kubota (14.2%), Corteva (13.1%), Nutrien (12.7%) and Deere & Company (12.5%), followed by Hebei Yangyuan ZhiHui Beverage (6.7%) and Archer-Daniels-Midland (5.1%). Japan made up about 14% and China about 13%, with most of the rest in the United States.
What is the KROP expense ratio?
KROP's expense ratio is 0.50% a year, according to its prospectus filed March 27, 2026, and it is entirely management fee. Under the SEC's standard example ($10,000 invested, 5% annual return), costs total about $51 over one year, $160 over three, $280 over five and $628 over ten. That is near the 0.52% peer average: VEGI charges 0.39% and IVEG 0.47%, while MOO charges 0.53% and FTAG 0.70%.
Does KROP pay a dividend?
Yes. KROP pays dividends twice a year. Over the year through October 27, 2026, it paid about $0.75 per share, a yield of 2.23%. The money comes from dividends paid by the companies it owns, so amounts can vary from one payment to the next. Income is a by-product rather than the goal: the fund aims to track the Solactive AgTech & Food Innovation Index, and its holdings are chosen by business activity, not by dividend size.
How has KROP performed since launch?
KROP has lost money since its July 12, 2021 launch. Its prospectus shows an average annual return of -17.2% from inception through December 31, 2025. That includes losses of 27.09% in 2022, 23.92% in 2023 and 8.02% in 2024, then a 7.66% gain in 2025. Its worst quarter, which ended June 30, 2022, was -20.39%. Based on prices through October 27, 2026, it was up 11.4% for 2026 to that date but down 43% over five years.
What's the difference between KROP and VEGI?
The main differences are cost, size and returns. Both funds hold agriculture-related stocks, and their holdings overlap by about 41%. iShares MSCI Agriculture Producers ETF (VEGI) charges 0.39%, versus 0.50% for KROP. VEGI held $156 million as of August 31, 2026, against KROP's $9.2 million as of May 31, 2026. Through October 27, 2026, VEGI returned 14.4% over one year and 10.3% a year over three years, versus 7.9% and 6.3% for KROP. Past returns don't predict future results.