Knights of Columbus Large Cap Value Inv
Name
As of 02/24/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.6%
1 yr return
1.9%
3 Yr Avg Return
3.7%
5 Yr Avg Return
10.2%
Net Assets
$85.3 M
Holdings in Top 10
21.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.29%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/24/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
KCVVX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.21%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameKnights of Columbus Large Cap Value Fund
-
Fund Family NameCatholic Investor
-
Inception DateJun 30, 2016
-
Shares Outstanding11955
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames Gaul
Fund Description
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. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. For purposes of this policy, a large-capitalization company is a company with a market capitalization within the range of the Russell 1000 Value Index at the time of initial purchase. While the market capitalization range of the Russell 1000 Value Index changes throughout the year, as of December 31, 2021, the market capitalization range of the Russell 1000 Value Index was between approximately $739 million and $1.9 trillion. The equity securities in which the Fund invests are primarily common stocks of U.S. companies.
The Fund makes investment decisions consistent with the United States Conference of Catholic Bishops’ Socially Responsible Investing
Guidelines (the “USCCB Guidelines”), and therefore, the Fund is designed to avoid investments in companies that are believed to be involved with abortion, contraception, pornography, stem cell research/human cloning, weapons of mass destruction, or other enterprises that conflict with the USCCB Guidelines. The policies and practices of the companies selected for the Fund are monitored for various issues contemplated by the USCCB Guidelines. If the Adviser becomes aware that the Fund is invested in a company whose policies and practices are inconsistent with the USCCB Guidelines, the Adviser may sell the company’s securities or otherwise exclude future investments in such company.
In selecting investments for the Fund, the Adviser combines quantitative and qualitative analyses that together seek to identify companies that have above-average investment potential. The quantitative process begins with understanding the market regime or investment environment. Factor exposures used by the quantitative models are tilted to areas that are believed will perform best within a specific environment. Four “super-factors” (Valuation, Growth and Profitability, Quality and Investor Sentiment) are then applied to the broad universe. By combining these factors, the investable universe is ranked by decile (1 = attractive, 10 = unattractive). The “buyable” universe for the Fund generally includes the top three deciles, or the most statistically attractive companies, and the weighted average rank of securities held in the Fund are within the top three deciles.
Fundamental research is conducted on the buyable universe to assess criteria that are difficult to quantify. The portfolio management and fundamental analyst teams construct the portfolio with only highly ranked companies. Risk is measured and monitored throughout the research and portfolio management process in different ways, including active risk to the benchmark, individual stock contribution to that active risk and sector/industry group/individual stock exposure risks. The Adviser will generally sell a stock on behalf of the Fund if the stock experiences a rankings decline or extreme price movements, or for risk management purposes.
KCVVX - Performance
Return Ranking - Trailing
Period | KCVVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -13.6% | 28.4% | 59.42% |
1 Yr | 1.9% | -11.4% | 84.5% | 99.50% |
3 Yr | 3.7%* | -2.4% | 20.4% | 91.17% |
5 Yr | 10.2%* | 2.2% | 20.2% | 77.62% |
10 Yr | N/A* | -0.1% | 15.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | KCVVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.7% | -26.7% | 285.0% | 58.37% |
2022 | 24.1% | -32.1% | 76.3% | 16.86% |
2021 | -11.8% | -62.4% | 16.7% | 21.95% |
2020 | 12.6% | -72.0% | 37.9% | 26.52% |
2019 | N/A | -61.4% | 31.0% | N/A |
Total Return Ranking - Trailing
Period | KCVVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -13.6% | 28.4% | 59.42% |
1 Yr | 1.9% | -11.4% | 84.5% | 98.92% |
3 Yr | 3.7%* | -2.4% | 20.4% | 89.45% |
5 Yr | 10.2%* | 1.8% | 20.2% | 73.38% |
10 Yr | N/A* | -0.3% | 15.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | KCVVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.7% | -26.7% | 285.0% | 58.37% |
2022 | 24.1% | -32.1% | 76.3% | 16.86% |
2021 | -8.9% | -37.1% | 18.2% | 31.72% |
2020 | 15.4% | -9.5% | 37.9% | 43.49% |
2019 | N/A | -27.9% | 32.2% | N/A |
NAV & Total Return History
KCVVX - Holdings
Concentration Analysis
KCVVX | Category Low | Category High | KCVVX % Rank | |
---|---|---|---|---|
Net Assets | 85.3 M | 390 K | 105 B | 83.20% |
Number of Holdings | 68 | 1 | 1626 | 67.35% |
Net Assets in Top 10 | 18.6 M | 78.3 K | 23.3 B | 85.02% |
Weighting of Top 10 | 21.94% | 5.5% | 100.0% | 78.93% |
Top 10 Holdings
- Berkshire Hathaway Inc Class B 3.24%
- Target Corp 2.65%
- DaVita Inc 2.39%
- Icon PLC 2.39%
- Procter & Gamble Co 2.18%
- Bank of America Corp 2.10%
- Kimberly-Clark Corp 2.09%
- Citigroup Inc 2.05%
- General Motors Co 2.02%
- Amedisys Inc 2.00%
Asset Allocation
Weighting | Return Low | Return High | KCVVX % Rank | |
---|---|---|---|---|
Stocks | 98.27% | 51.79% | 144.62% | 56.14% |
Cash | 1.74% | -44.62% | 21.41% | 36.99% |
Preferred Stocks | 0.00% | 0.00% | 18.50% | 80.52% |
Other | 0.00% | -0.83% | 26.80% | 77.91% |
Convertible Bonds | 0.00% | 0.00% | 7.44% | 79.13% |
Bonds | 0.00% | -3.65% | 40.08% | 79.13% |
Stock Sector Breakdown
Weighting | Return Low | Return High | KCVVX % Rank | |
---|---|---|---|---|
Financial Services | 21.74% | 0.00% | 56.85% | 34.87% |
Industrials | 13.97% | 0.00% | 46.09% | 27.47% |
Healthcare | 11.94% | 0.00% | 29.94% | 80.76% |
Consumer Defense | 11.62% | 0.00% | 30.04% | 20.48% |
Technology | 9.27% | 0.00% | 54.02% | 79.52% |
Communication Services | 7.61% | 0.00% | 27.29% | 42.76% |
Utilities | 6.34% | 0.00% | 25.45% | 25.16% |
Consumer Cyclical | 5.21% | 0.00% | 31.97% | 77.71% |
Energy | 5.06% | 0.00% | 25.45% | 34.62% |
Real Estate | 4.03% | 0.00% | 92.89% | 31.00% |
Basic Materials | 3.22% | 0.00% | 25.37% | 55.84% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | KCVVX % Rank | |
---|---|---|---|---|
US | 92.53% | 26.40% | 142.95% | 58.18% |
Non US | 5.74% | 0.00% | 48.05% | 37.48% |
KCVVX - Expenses
Operational Fees
KCVVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.29% | 0.01% | 15.68% | 28.24% |
Management Fee | 0.60% | 0.00% | 1.50% | 55.88% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.74% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
KCVVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
KCVVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 56.76% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
KCVVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 68.00% | 0.00% | 481.00% | 70.21% |
KCVVX - Distributions
Dividend Yield Analysis
KCVVX | Category Low | Category High | KCVVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.96% | 0.00% | 2.98% | 80.52% |
Dividend Distribution Analysis
KCVVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
KCVVX | Category Low | Category High | KCVVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.21% | -3.83% | 5.26% | 82.20% |
Capital Gain Distribution Analysis
KCVVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 31, 2018 | $0.039 | |
Sep 28, 2018 | $0.044 | |
Jun 29, 2018 | $0.033 | |
Mar 29, 2018 | $0.037 | |
Dec 29, 2017 | $0.032 | |
Sep 29, 2017 | $0.035 | |
Jun 30, 2017 | $0.035 | |
Mar 31, 2017 | $0.019 | |
Dec 30, 2016 | $0.032 | |
Sep 30, 2016 | $0.031 |
KCVVX - Fund Manager Analysis
Managers
James Gaul
Start Date
Tenure
Tenure Rank
Feb 27, 2015
5.93
5.9%
Mr. Gaul is a Senior Vice President and Portfolio Manager at Boston Advisors. As a member of the Institutional Equity Team, he is lead portfolio manager on the firm’s Small Cap Growth and Large Cap Core strategies. Mr. Gaul has more than twenty years of industry-related experience, including investment banking, sales and trading, and investment management. Prior to joining Boston Advisors in 2005, Mr. Gaul was an institutional fixed income sales professional with Commerce Capital Markets, Inc. and Advest, Inc. Previously, he worked closely with non-profit and municipal borrowers structuring tax-exempt bond issues for Advest, Inc.'s Public Finance Investment Banking department. Mr. Gaul earned a B.S. degree in investments from Babson College, an M.S. degree in investment management with High Honors at the Boston University Questrom School of Business and is a member of Beta Gamma Sigma International Honor Society. He is an active supporter of Babson’s academic community, including guest lecturing for graduate-level courses. Mr. Gaul holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the CFA Society Boston.
Douglas Riley
Start Date
Tenure
Tenure Rank
Feb 27, 2015
5.93
5.9%
Douglas Riley, CFA, is a Senior Vice President and Director of Growth Equity Investing at Boston Advisors,LLC. As a member of the Institutional Equity Team, Doug has primary responsibility for the firm's growth equity strategies. Prior to joining Boston Advisors, Doug was a Vice President and Portfolio Manager at Babson United Investment Advisors. Doug earned a BS degree in Business Administration and Finance from Emory University and an MBA degree from Northeastern University. Doug holds the Chartered Financial Analyst (CFA) designation, and is a member of the CFA Institute and of the Boston Security Analysts Society.
David Hanna
Start Date
Tenure
Tenure Rank
Feb 27, 2015
5.93
5.9%
David Hanna is Senior Vice President and Director of Institutional Portfolio Management at Boston Advisors. As Director, David oversees equity and alternative investment activities. Prior to joining the firm, he was a senior portfolio manager in State Street Global Advisors(SSgA). He was with SSgA from 1997 to 2005. Prior to SSgA, he was Vice President, Quantitative Analysis, at Standish, Ayer & Wood from 1992-1997. David earned a BS degree in finance from the Pennsylvania State University in 198. He also attended the Institute Universitaire de Technologie in Nice, France.
Eric Eaton
Start Date
Tenure
Tenure Rank
Oct 01, 2019
1.34
1.3%
Mr. Eric Eaton, CFA, Portfolio Manager and Equity Analyst, joined Knights of Columbus Asset Advisors through its acquisition of Boston Advisors, LLC’s institutional client business in 2019. Prior to joining Knights of Columbus Asset Advisors, Mr. Eaton was a Portfolio Manager and Equity Analyst at Boston Advisors, LLC from 2016 to 2019. Mr. Eaton had previously been employed by Boston Advisors, LLC from 2011 to 2014, and was a student at Harvard Business School from 2014 to 2016. Mr. Eaton earned an M.B.A. from Harvard Business School, a M.S. in Finance from Bentley University and a B.A. in Economics and Accounting from Gordon College. He also holds a CPA license in the state of Massachusetts.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 85.34 | 6.88 | 15.17 |