LK Balanced Fund
Fund
LKBLX
Price as of:
$53.69
- $0.46
- 0.85%
Primary Theme
fund company
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.4%
1 yr return
13.2%
3 Yr Avg Return
4.4%
5 Yr Avg Return
8.1%
Net Assets
$30 M
Holdings in Top 10
33.9%
52 WEEK LOW AND HIGH
$54.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
$5,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
LKBLX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.02%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLK Balanced Fund
-
Fund Family NameLawson Kroeker
-
Inception DateDec 31, 1986
-
Shares Outstanding563663
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Van Kooten
Fund Description
Under normal market conditions, the Fund pursues its investment objective by principally investing in a combination of equity (including common stocks, preferred stocks and convertible securities) and fixed income securities (including securities issued, backed or otherwise guaranteed by the U.S. government or its agencies, securities issued by U.S. government-sponsored entities, corporate bonds, municipal bonds, and other taxable debt securities). The Fund typically invests 40% to 75% of its assets in equity securities selected primarily for their growth potential and 25% to 60% of its assets in equity and fixed income securities selected primarily for their income potential. While the mix of equity and fixed income securities will vary depending on the Adviser’s outlook on the markets, under normal circumstances at least 25% of the Fund’s assets will be invested in fixed income securities. The Fund may invest in securities of any market capitalization. Although the Fund will invest primarily in equity and fixed income securities of U.S. companies, the Fund may invest up to 20% of its assets in equity and fixed income securities of foreign companies that are organized and headquartered in countries outside of the United States. The Fund’s investments in foreign securities may include American Depository Receipts (“ADRs”). The Fund may also invest in floating rate securities.
The Adviser’s equity investment process begins with independent research to identify areas of attractive investment opportunities. The Adviser performs fundamental analysis company by company, to discover factors influencing a business’s profitability. Normally, this involves reviewing, scrutinizing, and analyzing corporate reports; press releases; financial statements; documents filed with the SEC or other regulatory entities; newspaper, magazine, and internet articles; audio recordings or transcripts of conference calls and presentations; and a variety of additional sources. The Adviser focuses on a small number of carefully chosen businesses that it believes have a competitive advantage and high profit margins, and attempts to purchase securities of these companies at a discount to its estimate of a company’s worth.
Included in the Adviser’s analysis of individual equity securities is an assessment of general economic conditions; an evaluation of the stock and bond markets relative to each other; and a review of economic, social, and political trends. Stock selection is accomplished only after completing a thorough analysis. The Adviser makes its buy/sell/retain decisions based on its analysis of the security’s estimated worth relative to its current price.
The Adviser’s fixed income philosophy is an extension of its equity philosophy in that it approaches all investments from a fundamental basis. Employing this philosophy, the Adviser does not try to time the short-term movements of interest rates, but instead attempts to build a portfolio of high quality corporate, agency, and government bonds and equity securities with a strong income potential that provides stability and income to the overall portfolio. The Adviser’s fixed income portfolio allocation is a complement to its equity portfolio allocation, with shifts between allocation percentages dependent upon current market opportunities within a long-term view.
Corporate, agency, and government bonds are continually compared against each other at all maturities to evaluate where the best opportunities lie for improved total return. Yields-to-maturity, yields-to-worst, and cash-flow yields are compared to like-quality bonds. Credit analysis of corporate bonds is performed to try and avoid future rating downgrades as well as identify possible upgrade candidates. The Fund may invest up to 10% in high yield debt or “junk bonds” (higher-risk, lower-rated fixed income securities such as those rated lower than BBB- by Standard & Poor’s Rating Service, Inc. (“S&P”) or lower than Baa3 by Moody’s Investors Service, Inc. (“Moody’s”)). Below investment grade debt securities have speculative characteristics and they may be less liquid than investment grade debt securities. The Fund has no set policy regarding the maturity or duration of any or all of its securities.
LKBLX - Performance
Return Ranking - Trailing
| Period | LKBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -0.6% | 25.1% | 2.81% |
| 1 Yr | 13.2% | -5.7% | 45.0% | 30.80% |
| 3 Yr | 4.4%* | -6.8% | 7.7% | 3.22% |
| 5 Yr | 8.1%* | -4.1% | 14.1% | 10.97% |
| 10 Yr | 6.6%* | 0.5% | 10.6% | 29.89% |
* Annualized
Return Ranking - Calendar
| Period | LKBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.4% | -12.2% | 23.9% | 95.76% |
| 2022 | -9.0% | -34.7% | 2.8% | 4.44% |
| 2021 | 10.3% | -11.9% | 18.1% | 16.62% |
| 2020 | -0.9% | -20.9% | 39.7% | 93.93% |
| 2019 | 16.7% | 0.8% | 25.7% | 16.00% |
Total Return Ranking - Trailing
| Period | LKBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.4% | -0.6% | 25.1% | 2.81% |
| 1 Yr | 13.2% | -5.7% | 45.0% | 30.80% |
| 3 Yr | 4.4%* | -6.8% | 7.7% | 3.22% |
| 5 Yr | 8.1%* | -4.1% | 14.1% | 10.97% |
| 10 Yr | 6.6%* | 0.5% | 10.6% | 29.89% |
* Annualized
Total Return Ranking - Calendar
| Period | LKBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -12.2% | 26.8% | 91.81% |
| 2022 | -5.6% | -29.0% | 10.9% | 4.15% |
| 2021 | 22.9% | -3.0% | 24.2% | 0.59% |
| 2020 | 5.1% | -19.5% | 40.6% | 88.80% |
| 2019 | 20.4% | 4.4% | 32.7% | 36.80% |
NAV & Total Return History
LKBLX - Holdings
Concentration Analysis
| LKBLX | Category Low | Category High | LKBLX % Rank | |
|---|---|---|---|---|
| Net Assets | 30 M | 789 K | 217 B | 94.46% |
| Number of Holdings | 52 | 2 | 15716 | 50.91% |
| Net Assets in Top 10 | 9.62 M | 618 K | 62.8 B | 96.37% |
| Weighting of Top 10 | 33.85% | 11.4% | 121.1% | 61.92% |
Top 10 Holdings
- Microsoft Corp 4.10%
- Lincoln Electric Holdings Inc 3.83%
- Berkshire Hathaway Inc 3.82%
- Phillips 66 3.61%
- Texas Pacific Land Corp 3.60%
- Arthur J Gallagher Co 3.56%
- Thermo Fisher Scientific Inc 2.99%
- Brookfield Corp 2.96%
- Aflac Inc 2.90%
- Johnson Johnson 2.48%
Asset Allocation
| Weighting | Return Low | Return High | LKBLX % Rank | |
|---|---|---|---|---|
| Stocks | 70.33% | 0.00% | 103.09% | 49.09% |
| Bonds | 26.63% | 0.00% | 77.27% | 39.19% |
| Preferred Stocks | 1.74% | 0.00% | 23.88% | 4.88% |
| Cash | 1.30% | -10.21% | 100.00% | 54.53% |
| Other | 0.00% | -42.80% | 117.44% | 60.81% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 92.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LKBLX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.48% | 0.00% | 38.77% | 1.55% |
| Healthcare | 17.21% | 0.00% | 29.35% | 10.56% |
| Energy | 12.37% | 0.00% | 85.65% | 4.79% |
| Industrials | 11.50% | 0.00% | 24.37% | 27.32% |
| Consumer Defense | 7.46% | 0.00% | 15.14% | 29.01% |
| Consumer Cyclical | 6.71% | 0.00% | 19.36% | 80.56% |
| Basic Materials | 6.27% | 0.00% | 33.35% | 7.75% |
| Technology | 6.09% | 0.00% | 44.21% | 95.92% |
| Communication Services | 5.73% | 0.00% | 38.10% | 78.17% |
| Real Estate | 2.19% | 0.00% | 65.01% | 75.49% |
| Utilities | 0.00% | 0.00% | 99.55% | 94.93% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LKBLX % Rank | |
|---|---|---|---|---|
| US | 70.33% | 0.00% | 103.09% | 46.03% |
| Non US | 0.00% | 0.00% | 38.68% | 51.05% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LKBLX % Rank | |
|---|---|---|---|---|
| Corporate | 79.92% | 0.00% | 98.21% | 5.48% |
| Municipal | 6.21% | 0.00% | 24.80% | 2.67% |
| Government | 5.85% | 0.00% | 97.26% | 89.75% |
| Cash & Equivalents | 1.14% | 0.00% | 100.00% | 49.93% |
| Derivative | 0.00% | -3.07% | 46.02% | 49.37% |
| Securitized | 0.00% | 0.00% | 92.13% | 91.15% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LKBLX % Rank | |
|---|---|---|---|---|
| US | 26.63% | 0.00% | 77.27% | 38.21% |
| Non US | 0.00% | 0.00% | 14.17% | 41.28% |
LKBLX - Expenses
Operational Fees
| LKBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.47% | 0.03% | 17.63% | 23.86% |
| Management Fee | 0.75% | 0.00% | 1.83% | 86.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| LKBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| LKBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
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.
| LKBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 21.00% | 0.00% | 343.00% | 26.53% |
LKBLX - Distributions
Dividend Yield Analysis
| LKBLX | Category Low | Category High | LKBLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.95% | 0.00% | 17.92% | 3.74% |
Dividend Distribution Analysis
| LKBLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| LKBLX | Category Low | Category High | LKBLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.02% | -2.34% | 19.41% | 57.30% |
Capital Gain Distribution Analysis
| LKBLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2023 | $3.436 | OrdinaryDividend |
| Dec 14, 2022 | $1.976 | OrdinaryDividend |
| Dec 21, 2018 | $0.815 | OrdinaryDividend |
| Dec 22, 2017 | $0.811 | OrdinaryDividend |
| Dec 21, 2016 | $0.318 | OrdinaryDividend |
| Dec 22, 2015 | $0.588 | OrdinaryDividend |
| Dec 23, 2014 | $0.889 | OrdinaryDividend |
| Dec 27, 2013 | $0.410 | OrdinaryDividend |
LKBLX - Fund Manager Analysis
Managers
Bruce Van Kooten
Start Date
Tenure
Tenure Rank
Jun 29, 2012
9.93
9.9%
Before joining Lawson Kroeker Investment Management in 2006, he was a Vice President and Senior Investment Manager at Wells Fargo Private Client Services. Prior to joining Wells Fargo, Mr. Van Kooten was a portfolio manager and analyst with several Omaha-based investment management companies. He holds a B.A. in Economics and Finance from Iowa State University
Thomas Sudyka
Start Date
Tenure
Tenure Rank
Jun 29, 2012
9.93
9.9%
Thomas J. Sudyka, Jr., CFA, is Managing Director at Lawson Kroeker Investment Management. Mr. Sudyka holds an M.B.A. from the University of Nebraska and a B.S. in Finance from Creighton University. Before joining Lawson Kroeker Investment Management in 1999, Mr. Sudyka was a managing Director and Founding Partner of BPI Global Asset Management. Prior to founding BPI, Mr. Sudyka was a portfolio manager with several large Midwest-based investment management companies.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.32 | 2.41 |