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15 important things you should know about Catholic Investor KCLIX mutual fund

Updated: September 10, 2020
75
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets

Before we start: if you’re looking for KCLIX “stock” price, you can quickly find it out by visiting Finny and typing "KCLIX quote". If you’re looking for a quick scoop on KCLIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "KCLIX". You’ll get all this info in one place.

Are you looking to buy or sell KCLIX? Or perhaps you’re looking for KCLIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this KCLIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: KCLIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: KCLIX buy or sell; the pros and cons of investing in KCLIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to KCLIX.

And here is the list of questions we’ll answer:

  1. Describe Advisors' Inner Circle Fund III: Knights of Columbus Limited Duration Bond Fund; Institutional Class Shares (KCLIX).
  2. What are KCLIX holdings?
  3. What is KCLIX performance? What are KCLIX historical returns?
  4. How many up and down years did KCLIX have historically?
  5. What is KCLIX dividend yield?
  6. What is KCLIX minimum initial investment amount?
  7. What is KCLIX expense ratio?
  8. Does KCLIX have any sales loads or 12b-1 distribution expenses?
  9. What is KCLIX tax efficiency (tax-cost ratio)?
  10. What is KCLIX beta? How would you assess KCLIX risk?
  11. What is KCLIX Sharpe ratio?
  12. What is KCLIX Finny Score? KCLIX buy or sell?
  13. What are the pros of investing in KCLIX? What are KCLIX buy reasons?
  14. What are the cons of investing in KCLIX? What are KCLIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors' Inner Circle Fund III: Knights of Columbus Limited Duration Bond Fund; Institutional Class Shares (KCLIX).

The Fund seeks current income and capital preservation. The Fund invests at least 80% of its net assets, plus any borrowings, in bonds. The Fund may invest in securities with any maturity or duration, but seeks to maintain an average duration similar to that of the Barclays Capital 1-3 Year US Government/Credit Index.

2. What are KCLIX top holdings?

KCLIX has 0 stock holdings and 182 bond holdings.

The top 9 holdings represent 15.10% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Notes 1.12% N/A 7.85%
United States Treasury Notes 1.75% N/A 1.20%
HONDA AUTO RECEIVABLES OWNER TRUST 1.9% N/A 0.99%
CARVANA AUTO RECIEVABLES TRUST 2019-3 2.51% N/A 0.93%
Citigroup Inc. 1.49% N/A 0.88%
Ally Financial Inc. 3.88% N/A 0.83%
DTE Energy Company 3.85% N/A 0.81%
HONDA AUTO RECEIVABLES OWNER TRUST 1.83% N/A 0.81%
First Republic Bank San Francisco 1.91% N/A 0.80%

3. What is KCLIX performance? What are KCLIX historical returns?

KCLIX has generated the following returns:

  • 1-month return is 0.20%;
  • 3-month return is 1.50%;
  • 1-year return is 3.00%;
  • 3-year return is 2.63%;
  • 5-year return is 2.11%.

4. How many up and down years did KCLIX have historically?

In the last 10 years, KCLIX had 10 up years and 0 down years.

5. What is KCLIX dividend yield?

KCLIX yield is 2.47%.

6. What is KCLIX minimum initial investment amount?

KCLIX minimum initial investment amount is N/A.

7. What is KCLIX expense ratio?

KCLIX expense ratio is 0.5%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does KCLIX have any sales loads or 12b-1 distribution expenses?

KCLIX 12b-1 distribution fee is 0. KCLIX front-end sales load is 0. KCLIX back-end sales load is 0.

9. What is KCLIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.92%;
  • 3-year ax cost ratio is 0.91%.

10. What is KCLIX beta? How would you assess KCLIX risk?

  • 3-year beta is 0.41;
  • 5-year beta is 0.37.

11. What is KCLIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.36;
  • 5-year Sharpe ratio is 0.41.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 75. Our quantitative analysis shows 3 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 75.

13. What are the pros of investing in KCLIX? What are KCLIX buy reasons?

The following are KCLIX strengths from our perspective:

  • KCLIX 3-year return is 2.63%, which is in line with the 3-year return of the benchmark index (Bloomberg Barclays US Government/Credit 1-3 Yr TR USD), 2.79%.
  • KCLIX 5-year return is 2.11%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays US Government/Credit 1-3 Yr TR USD), 2.12%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in KCLIX? What are KCLIX negatives?

The following are KCLIX weaknesses from our perspective:

  • KCLIX net assets are $102.00 million. This fund is not a popular choice with retail investors.
In the KCLIX review, we covered KCLIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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