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Trending ETFs

Kennedy Capital ESG SMID Cap Fund

mutual fund
KESGX
Payout Change
Pending
Price as of:
$16.01 -0.18 -1.11%
primary theme
U.S. Mid-Cap Blend Equity
share class
KESGX (Mutual Fund)

Kennedy Capital ESG SMID Cap Fund

Payout Change
Pending
Price as of:
$16.01 -0.18 -1.11%
primary theme
U.S. Mid-Cap Blend Equity
share class
KESGX (Mutual Fund)

Kennedy Capital ESG SMID Cap Fund

Payout Change
Pending
Price as of:
$16.01 -0.18 -1.11%
primary theme
U.S. Mid-Cap Blend Equity
share class

Name

As of 10/01/2024

Price

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

$16.01

$64.2 M

0.26%

$0.04

1.28%

Vitals

YTD Return

9.4%

1 yr return

27.8%

3 Yr Avg Return

3.6%

5 Yr Avg Return

12.6%

Net Assets

$64.2 M

Holdings in Top 10

18.5%

52 WEEK LOW AND HIGH

$16.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 87.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$50,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/01/2024

Price

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

$16.01

$64.2 M

0.26%

$0.04

1.28%

KESGX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 12.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Kennedy Capital ESG SMID Cap Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST II
  • Inception Date
    Jun 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christian McDonald

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of small and mid capitalization companies. In particular, the Fund primarily invests in a diversified portfolio of common stock of domestic companies. The Fund may also invest in real estate investment trusts (“REITs”). The Fund’s advisor, Kennedy Capital Management LLC (the “Advisor”), defines small and mid capitalization companies as those with market capitalizations within the range of companies included in the Russell 2500TM Index (the “Index”) at the time of purchase. The capitalization range of companies in the Index may change with market conditions or due to changes in the composition of the Index. As of March 31, 2024, the market capitalization range of the Index was between $12.2million and $56.5billion. Investments in companies that move above or below the capitalization range of the Index may continue to be held by the Fund in the Advisor’s sole discretion, and the Fund’s investments are not limited to the stocks included in the Index.

The Advisor’s investment decisions for the Fund are made primarily on the basis of bottom-up, fundamental research, integrated with an analysis of a company’s environmental, social and governance (“ESG”) characteristics. ESG factors are considered on both an inclusionary and exclusionary basis. The Advisor’s investment process involves examining four key components: (i) the company’s corporate performance (including traditional fundamentals and ESG variables); (ii) the systematic effects on the company’s business; (iii) the company’s competitive position; and (iv) the company’s intrinsic value. The Advisor’s environmental assessment process includes identifying companies that provide products or services that are tied to an environmental competitive advantage as compared to their peers. For example, the Fund may invest in companies offering products or services with superior energy efficiency, solutions to emissions regulations, or services related to recycling and product reuse. Social assessment includes identifying companies that promote societal benefits or address societal challenges. For example, the Fund may invest in companies that focus on lowering the cost of healthcare, combatting the opioid epidemic, or offering ethically sourced products. Governance assessment includes a focus on shareholder rights, senior management compensation, board structure and audit/accounting risk.

The Advisor may complement its internal ESG assessment of a company with relevant primary data from third parties regarding ESG considerations such as carbon emissions (reported or estimated) and carbon reserves, business involvement data for key social issues, and corporate governance. The Advisor does not rely on third party ESG rankings or a scoring mechanism in the Fund’s portfolio construction process; however, specific governance scores are a component of company assessments and stock selection. The Advisor engages in active dialogues with company management teams to further inform its investment decision-making and to foster discussion with management regarding ESG issues and opportunities.

The Fund is fossil fuel free, which means it excludes companies that hold fossil fuel reserves on their balance sheets. The Fund prioritizes reduced greenhouse gas emissions (reported and estimated) in the portfolio construction process. In addition, the Fund’s ESG criteria is designed to exclude companies that are involved in, and/or derive significant revenue from, certain industries or product lines, including tobacco, civil firearms (defined as those firearms typically available for consumer use in the United States) and controversial weapons (defined as cluster munitions and land mines). The Fund’s ESG criteria does not exclude traditional defense contractors with no exposure to controversial weapons or civil firearms.

The Fund invests in growth-oriented companies as well as those companies that the Advisor considers to be undervalued. The Advisor utilizes a company’s return on invested capital as a central component of its analysis to determine the intrinsic value of companies included in the Fund’s portfolio.

The Advisor may sell all or a portion of a position of the Fund’s portfolio holding when in its opinion one or more of the following occurs, among other reasons: (i) the issuer’s fundamentals deteriorate; (ii) there is a significant change in the company’s performance relative to ESG criteria or the Advisor’s assessment thereof; (iii) the Advisor’s valuation analysis determines a security has realized it full valuation; (iv) the Advisor identifies more attractive investment opportunities for the Fund; or (v) the Fund requires cash to meet redemption requests.

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KESGX - Performance

Return Ranking - Trailing

Period KESGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -8.2% 31.2% 85.79%
1 Yr 27.8% -3.8% 47.9% 56.55%
3 Yr 3.6%* -18.0% 23.5% 77.68%
5 Yr 12.6%* 0.3% 25.2% 16.67%
10 Yr N/A* 3.2% 13.3% N/A

* Annualized

Return Ranking - Calendar

Period KESGX Return Category Return Low Category Return High Rank in Category (%)
2023 16.2% -12.9% 28.8% 19.89%
2022 -18.2% -52.6% 20.1% 41.53%
2021 17.4% -43.8% 32.4% 32.56%
2020 20.7% -10.6% 82.1% 8.96%
2019 N/A -8.5% 37.5% N/A

Total Return Ranking - Trailing

Period KESGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -8.2% 31.2% 85.79%
1 Yr 27.8% -3.8% 47.9% 56.55%
3 Yr 3.6%* -18.0% 23.5% 77.68%
5 Yr 12.6%* 0.3% 25.2% 16.67%
10 Yr N/A* 3.2% 13.3% N/A

* Annualized

Total Return Ranking - Calendar

Period KESGX Return Category Return Low Category Return High Rank in Category (%)
2023 16.6% 1.2% 31.3% 38.38%
2022 -17.8% -45.7% 21.1% 77.68%
2021 25.5% -30.2% 52.8% 37.75%
2020 21.0% -8.4% 84.3% 13.43%
2019 N/A 1.0% 43.4% N/A

NAV & Total Return History


KESGX - Holdings

Concentration Analysis

KESGX Category Low Category High KESGX % Rank
Net Assets 64.2 M 728 K 168 B 85.24%
Number of Holdings 94 1 2714 45.68%
Net Assets in Top 10 11 M 399 K 13.2 B 89.69%
Weighting of Top 10 18.51% 0.5% 100.0% 57.82%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund - Class Institutional 3.99%
  2. Teledyne Technologies, Inc. 1.89%
  3. CyberArk Software Ltd. 1.83%
  4. Descartes Systems Group, Inc. 1.64%
  5. Globus Medical, Inc. - Class A 1.63%
  6. SPX Technologies, Inc. 1.58%
  7. Reliance, Inc. 1.50%
  8. Carlisle Cos., Inc. 1.50%
  9. TD SYNNEX Corp. 1.48%
  10. Tetra Tech, Inc. 1.47%

Asset Allocation

Weighting Return Low Return High KESGX % Rank
Stocks
91.13% 0.86% 100.69% 96.66%
Cash
4.09% 0.00% 99.07% 15.88%
Preferred Stocks
0.00% 0.00% 11.46% 8.91%
Other
0.00% -0.01% 51.08% 34.82%
Convertible Bonds
0.00% 0.00% 1.78% 8.91%
Bonds
0.00% 0.00% 72.71% 16.43%

Stock Sector Breakdown

Weighting Return Low Return High KESGX % Rank
Technology
21.88% 0.00% 40.65% 12.01%
Industrials
16.76% 0.00% 45.89% 49.44%
Healthcare
14.92% 0.00% 24.06% 9.22%
Financial Services
14.87% 0.00% 46.10% 36.03%
Consumer Cyclical
12.93% 2.49% 46.48% 49.72%
Real Estate
8.69% 0.00% 25.82% 42.74%
Consumer Defense
3.43% 0.00% 32.18% 75.98%
Basic Materials
2.82% 0.00% 16.35% 86.03%
Utilities
2.33% 0.00% 18.97% 74.30%
Energy
0.79% 0.00% 58.13% 84.08%
Communication Services
0.57% 0.00% 30.98% 86.59%

Stock Geographic Breakdown

Weighting Return Low Return High KESGX % Rank
US
91.13% 0.86% 100.69% 94.71%
Non US
0.00% 0.00% 10.11% 22.84%

KESGX - Expenses

Operational Fees

KESGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.03% 19.40% 30.25%
Management Fee 0.75% 0.00% 1.50% 63.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

KESGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

KESGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

KESGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 87.00% 0.00% 304.00% 86.56%

KESGX - Distributions

Dividend Yield Analysis

KESGX Category Low Category High KESGX % Rank
Dividend Yield 0.26% 0.00% 29.78% 76.60%

Dividend Distribution Analysis

KESGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

KESGX Category Low Category High KESGX % Rank
Net Income Ratio -0.08% -2.06% 3.38% 73.39%

Capital Gain Distribution Analysis

KESGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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KESGX - Fund Manager Analysis

Managers

Christian McDonald


Start Date

Tenure

Tenure Rank

Jun 28, 2019

2.93

2.9%

CHRISTIAN MCDONALD, CFA®, Portfolio Manager for the Micro Cap and ESG SMID Cap strategies, and Research Analyst. As a Research Analyst at KCM, Chris is responsible for selecting and monitoring securities within the industrials sector of KCM’s universe. Mr. McDonald joined KCM in November 2005. Prior to joining KCM, Chris spent six years in various finance functions at The Boeing Company.  Mr. McDonald graduated summa cum laude with a B.S. in Finance and Operations Management from Washington University in St. Louis and earned an M.B.A. from the UCLA Anderson School of Business. Chris is a Fundamentals of Sustainability Accounting (FSA) Credential Holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.26 5.78