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15 important things you should know about CS McKee MKIEX mutual fund

Updated: September 28, 2020
14
Bull Case
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio

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

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

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

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

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

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

Fact Sheet

1. Describe Advisors' Inner Circle Fund: McKee International Equity Portfolio; Institutional Class Shares (MKIEX).

The Fund seeks to achieve a superior long-term return over a market cycle by investing primarily in the equity securities of non-US issuers.

2. What are MKIEX top holdings?

MKIEX has 44 stock holdings and 0 bond holdings.

The top 10 holdings represent 35.82% of total assets. Here are the top holdings:

Name Symbol % Assets
Astellas Pharma Inc 4503 4.52%
Red Electrica Corporacion SA REE.BC 4.29%
CSL Ltd CSL.AX 4.06%
KDDI Corp 9433 3.71%
Diageo PLC DGE.L 3.70%
Zurich Insurance Group AG ZURN 3.21%
Denso Corp 6902 3.14%
Volvo AB B VOLV B 3.13%
DBS Group Holdings Ltd D05.SI 3.05%
Taiwan Semiconductor Manufacturing Co Ltd ADR TSM.TW 3.01%

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

MKIEX has generated the following returns:

  • 1-month return is -2.23%;
  • 3-month return is 1.41%;
  • 1-year return is -8.02%;
  • 3-year return is -5.15%;
  • 5-year return is 1.49%;
  • 10-year return is 2.36%;
  • 15-year return is 2.86%.

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

In the last 10 years, MKIEX had 6 up years and 4 down years.

MKIEX up and down years

5. What is MKIEX dividend yield?

MKIEX yield is 2.29%.

6. What is MKIEX minimum initial investment amount?

MKIEX minimum initial investment amount is $3.00K.

7. What is MKIEX expense ratio?

MKIEX expense ratio is 0.98%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

MKIEX expenses

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

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

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

  • 1-year ax cost ratio is 1.82%;
  • 3-year ax cost ratio is 1.47%.
MKIEX tax costs

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

  • 3-year beta is 1.07;
  • 5-year beta is 1.04;
  • 10-year beta is 1.04.
MKIEX Beta

11. What is MKIEX Sharpe ratio?

  • 3-year Sharpe ratio is -0.24;
  • 5-year Sharpe ratio is -0.05;
  • 10-year Sharpe ratio is 0.26.
MKIEX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are MKIEX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are MKIEX weaknesses from our perspective:

  • <strong>MKIEX net assets</strong> are $133.30 million. This fund is not a popular choice with retail investors.
  • <strong>MKIEX 3-year return</strong> is -5.15%, which is lower than the 3-year return of the benchmark index (MSCI EAFE NR USD), 0.71%.
  • <strong>MKIEX 5-year return</strong> is 1.49%, which is lower than the 5-year return of the benchmark index (MSCI EAFE NR USD), 4.59%.
  • <strong>MKIEX 10-year return</strong> is 2.36%, which is lower than the 10-year return of the benchmark index (MSCI EAFE NR USD), 4.76%.
  • <strong>MKIEX 15-year return</strong> is 2.86%, which is lower than the 15-year return of the benchmark index (MSCI EAFE NR USD), 3.8%.
  • <strong>MKIEX expense ratio</strong> is 0.98%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the MKIEX review, we covered MKIEX 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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