Key Documents
FUND SUMMARY
The Rize Education Tech and Digital Learning UCITS ETF (LERN) seeks to invest in companies that potentially stand to benefit from the increased adoption of digital and lifelong learning technologies such as personalisation and adaptive learning, video content, gamification and immersion technology that are changing the way people learn. LERN seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Foxberry HolonIQ Education Tech & Digital Learning Index.
KEY INFORMATION
- AUM ($USD): 11,130,334
- TER: 0.45%
- ISIN: IE00BLRPQJ54
- Base Code: LERN
- SFDR Classification: Article 9
- MSCI ESG Rating: BBB
INVESTMENT CASE
Technology has the potential to tackle major challenges faced by the education sector. From promoting accessibility and inclusion, to empowering institutions and teachers, to supporting excellent student learning and outcomes, digital learning technologies can help elevate the education sector into the 21st century. We must build an education system that is more inclusive, no longer confined to the classroom, and which is able to transform all learners into lifelong learners. At a time of unprecedented automation, reskilling and upskilling have never been more vital, and advanced technologies such as gamification, virtual and augmented reality, and personalised and adaptive learning allow education to be tailored to people’s needs as they move through their lifecycles. Our ground-breaking investment strategy and ETF – Europe’s first education technology ETF – provides investors with exposure to companies that are building this new education ecosystem. These are companies that are using technology to best prepare the citizens of tomorrow.
WHY LERN?
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Favourable Growth Prospects
LERN is Europe’s first education technology ETF, and provides investors with exposure to “EdTech” companies that are redefining how education is accessed, resourced and consumed around the world to deliver positive results for the individual and society.
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Powered by HolonIQ®
LERN is purpose-built in collaboration with HolonIQ, a global education market intelligence firm based in Sydney, Australia, and leverages their unique insights and proprietary classification system of companies that are market leaders in digital and lifelong learning technologies.
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Unconstrained Approach
LERN’s composition transcends classic sector, size and geographic classifications by tracking an emerging theme.
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ETF Efficiency
In a single trade, LERN delivers access to dozens of companies that are favourably positioned to ride the tailwinds of the education tech and digital learning theme.
Thematic Classification
LERN invests in companies within the 5 sub-sectors of the Education Tech and Digital Learning thematic classification built in partnership with education intelligence firm HolonIQ. The classification is an enabling taxonomy designed for the investment and research communities with the aim of identifying the key learning transformations that are happening in education and related companies and business activities that redefining how education is accessed, resourced and consumed around the world.
EDUCATION TECH AND DIGITAL LEARNING
Pre-K
K12
Higher Education
Workforce
Publishing
Performance
Capital at risk. Past performance is not a reliable indicator of future results. The value of your investment and income generated will vary, your initial investment amount cannot be guaranteed. The return of your investment may increase or decrease as a result of currency fluctuations.
| Cumulative | ETF | Index | Tracking Difference |
|---|---|---|---|
| Year to date | |||
| 1 month | |||
| 3 months | |||
| 6 months | |||
| 1 year | |||
| Inception |
Capital at risk. Past performance is not a reliable indicator of future results. The value of your investment and income generated will vary, your initial investment amount cannot be guaranteed. The return of your investment may increase or decrease as a result of currency fluctuations.
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Top 10 Holdings
| Name | ISIN | Weight | CCY |
|---|---|---|---|
| DUOLINGO INC CL A COM | US26603R1068 | 7.62 | USD |
| LAUREATE ED INC COM | US5186132032 | 5.73 | USD |
| INFORMA PLC (GB) ORD GBP0.001 | GB00BMJ6DW54 | 5.49 | GBP |
| BRIGHT HORIZONS FA COM USD0.001 | US1091941005 | 5.26 | USD |
| CHEGG INC COM | US1630921096 | 5.21 | USD |
| PEARSON ORD GBP0.25 | GB0006776081 | 5.02 | GBP |
| GRAND CANYON ED INC COM | US38526M1062 | 5 | USD |
| STRIDE INC COM | US86333M1080 | 4.74 | USD |
| GRAHAM HLDGS CO COM CL B | US3846371041 | 4.59 | USD |
| IDP EDUCATION LIMITED NPV | AU000000IEL5 | 4.56 | AUD |
Full fund holdings
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Fund Details
| Net Assets | USD 11,130,334 |
| NAV per share | USD 1.8756 |
| Shares Outstanding | 5,934,226 |
| Total Expense Ratio | 0.45 |
| Inception | 27/08/2020 |
| ISIN | IE00BLRPQJ54 |
| Base Code | LERN |
| Base Currency | USD |
| Index Name | Foxberry HolonIQ Education Tech & Digital Learning Index / FXBYLERN |
| Thematic Classification | HolonIQ Education Tech & Digital Learning – Global Classification |
| Index Replication Method | Physical – full replication |
| Income Treatment | Accumulating |
| No. of holdings | 32 |
| UCITS | Yes |
| Domicile | Ireland |
| Issuer | Rize UCITS ICAV |
| Promoter | Rize ETF Limited |
| Manager | IQ EQ Fund Management (Ireland) Limited |
| Investment Manager | IQ EQ Fund Management (Ireland) Limited |
| Depositary / Custodian | Northern Trust Fiduciary Services (Ireland) Limited |
| ISA Eligible (UK) | Yes |
| SIPP Eligible (UK) | Yes |
| Reporting Fund Status (UK) | Yes |
| Equity Fund (DE) | Yes |
| SFDR Classification | Article 9 |
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Registrations
- Austria
- Denmark
- Finland
- Germany
- Ireland
- Italy
- Luxembourg
- Netherlands
- Norway
- Spain
- Sweden
- Switzerland
- United Kingdom
Listings
| Exchange | Currency | Listing Date | SEDOL | Bloomberg Ticker | RIC |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | 03-Sep-20 | BMVLG85 | LERN IM | LERN.MI |
| Deutsche Börse Xetra | EUR | 03-Sep-20 | BMVLG96 | LERN GY | LERN.DE |
| Euronext Amsterdam | EUR | 15-Feb-21 | BLH1VZ4 | LERN NA | LRNG.AS |
| London Stock Exchange | USD | 03-Sep-20 | BMY7CS2 | LERN LN | LERN.L |
| London Stock Exchange | GBP | 03-Sep-20 | BMY7CX7 | LRNG LN | LRNG.L |
| SIX Swiss Exchange | CHF | 15-Sep-20 | BL6L058 | LERN SE | LERN.S |
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Research & Insights
Risks
All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
As many of the companies invested in by LERN are technology-focussed, LERN is vulnerable to a cyclical decline in the value of the technology sector as a whole.
Individual companies are subject to intense competition that may negatively impact their revenues and market values and therefore LERN’s value.
LERN also invests in small publicly-traded companies which may be less mature and therefore more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies, the technology sector as a whole or the stock market as a whole.
LERN invests in global equity securities. As such there is a risk of loss arising from exchange rate fluctuations or exchange control regulations.
Other: (1) Third party service providers (such as the ICAV’s depositary) may go bankrupt and fail to pay money due to LERN or return property belonging to LERN. (2) If the Index provider stops calculating the Index or if LERN’s license to replicate the Index is terminated, LERN may have to be closed. (3) It may not always be possible to buy and sell LERN’s Shares on a stock exchange or at prices closely reflecting the Net Asset Value. (4) There is no capital guarantee or protection on the value of LERN and investors can lose all the capital invested in LERN. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement.
