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

Updated: September 10, 2020
60
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
  • High expense ratio

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

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

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

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

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

The Fund seeks long-term capital appreciation. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-capitalization companies. The Sub-Advisor seeks to identify companies that are undervalued in the market.

2. What are KCVIX top holdings?

KCVIX has 62 stock holdings and 0 bond holdings.

The top 10 holdings represent 25.26% of total assets. Here are the top holdings:

Name Symbol % Assets
Intel Corp INTC 4.00%
Berkshire Hathaway Inc Class B BRK.B 3.06%
Quest Diagnostics Inc DGX 2.50%
General Mills Inc GIS 2.37%
AT&T Inc T 2.29%
JPMorgan Chase & Co JPM 2.29%
Amedisys Inc AMED 2.19%
Icon PLC ICLR.IR 2.19%
Target Corp TGT 2.19%
Procter & Gamble Co PG 2.18%

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

KCVIX has generated the following returns:

  • 1-month return is 2.48%;
  • 3-month return is 2.45%;
  • 1-year return is -0.80%;
  • 3-year return is 4.43%;
  • 5-year return is 7.86%.

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

In the last 10 years, KCVIX had 9 up years and 1 down year.

5. What is KCVIX dividend yield?

KCVIX yield is 1.52%.

6. What is KCVIX minimum initial investment amount?

KCVIX minimum initial investment amount is N/A.

7. What is KCVIX expense ratio?

KCVIX expense ratio is 0.9%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.09%;
  • 3-year ax cost ratio is 1.04%.

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

  • 3-year beta is 1.13;
  • 5-year beta is 1.09.

11. What is KCVIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.13;
  • 5-year Sharpe ratio is 0.30.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 60. Our quantitative analysis shows 3 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 60.

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

The following are KCVIX strengths from our perspective:

  • KCVIX 3-year return is 4.43%, which is higher than the 3-year return of the benchmark index (Russell 1000 Value TR USD), 4.23%.
  • KCVIX 5-year return is 7.86%, which is in line with the 5-year return of the benchmark index (Russell 1000 Value TR USD), 8.09%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are KCVIX weaknesses from our perspective:

  • KCVIX net assets are $77.80 million. This fund is not a popular choice with retail investors.
  • KCVIX expense ratio is 0.9%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the KCVIX review, we covered KCVIX 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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