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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
10.9%
1 yr return
25.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$266 M
Holdings in Top 10
33.5%
Expense Ratio 0.90%
Front Load N/A
Deferred Load N/A
Turnover 82.00%
Redemption Fee N/A
Standard (Taxable)
$100,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal conditions, the Fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in income-producing securities of companies in the real estate industry. The Fund invests primarily in real estate investment trusts (“REITs”), master limited partnerships and other real estate firms. Investments in these issuers are expected to include a significant portion of assets in preferred stock, as well as convertible preferred stock, debt obligations and other senior securities. The Fund may invest a significant portion of its assets in preferred stock. The Fund may also invest in common stock, rights and warrants to purchase securities, and limited partnership interests to the extent the Advisor deems appropriate. To select investments for the Fund, the Advisor uses a value-oriented philosophy focused on an issuer’s cash flow and future cash generation capability, its asset valuations, and the capabilities of its management. Specific to real estate companies, the Advisor analyzes an issuer’s cash flow potential, current and future occupancy and rental trends, underlying tenant health, and the costs associated with maintaining the physical condition of assets in its portfolio. The evaluation of an issuer’s management team primarily consists of understanding its capital allocation track record regarding property acquisition, development and disposition, and how it chooses to fund these endeavors. For broad financial companies, the Advisor assesses financial characteristics such as likely asset growth, margins, credit risk, balance sheet funding, and revenue growth potential of various fee generating businesses. By using this approach, the Advisor seeks to identify investments with the opportunity to generate attractive risk-adjusted returns over time.
The Fund invests in securities of companies having any capitalization, any maturity and any credit quality (including bonds commonly referred to as “junk bonds”). The Fund may purchase restricted securities or securities which are deemed to be not readily marketable.
The Fund may write (sell) call options and purchase put options on individual stocks or broad-based stock indices, including exchange-traded funds (“ETFs”) that replicate such indices. The Fund may also enter into put option spreads, which consist of paired purchased and written options with different strike prices on the same stock or index. The Fund generally intends to use option strategies to seek to generate premium income, acquire a security at a specified price, or reduce the Fund’s exposure to market risk and volatility.
Period | KIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.9% | 6.5% | 18.2% | 37.18% |
1 Yr | 25.4% | 11.8% | 35.3% | 8.97% |
3 Yr | N/A* | -7.2% | 9.3% | 5.13% |
5 Yr | N/A* | -4.6% | 12.4% | 64.79% |
10 Yr | N/A* | 1.1% | 5.3% | 91.84% |
* Annualized
Period | KIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | -3.6% | 14.2% | 10.26% |
2022 | N/A | -29.4% | -9.6% | 10.26% |
2021 | N/A | -3.4% | 17.2% | 90.54% |
2020 | N/A | -24.8% | 9.0% | 54.93% |
2019 | N/A | 6.4% | 19.1% | 84.06% |
Period | KIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.9% | 6.5% | 18.2% | 37.18% |
1 Yr | 25.4% | 11.8% | 35.3% | 8.97% |
3 Yr | N/A* | -7.2% | 9.3% | 22.67% |
5 Yr | N/A* | -4.6% | 12.4% | 72.06% |
10 Yr | N/A* | 1.1% | 5.3% | 13.04% |
* Annualized
Period | KIFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.6% | -1.9% | 26.5% | 8.97% |
2022 | N/A | -26.0% | -5.8% | 10.26% |
2021 | N/A | -2.5% | 27.4% | 90.54% |
2020 | N/A | -19.2% | 12.3% | 63.38% |
2019 | N/A | 10.0% | 32.0% | 43.48% |
KIFYX | Category Low | Category High | KIFYX % Rank | |
---|---|---|---|---|
Net Assets | 266 M | 24.1 M | 14.5 B | 74.36% |
Number of Holdings | 51 | 49 | 439 | 98.72% |
Net Assets in Top 10 | 89.7 M | 8.45 M | 1.89 B | 67.95% |
Weighting of Top 10 | 33.52% | 11.3% | 48.1% | 12.82% |
Weighting | Return Low | Return High | KIFYX % Rank | |
---|---|---|---|---|
Preferred Stocks | 68.44% | 0.25% | 125.69% | 23.08% |
Stocks | 29.42% | 0.00% | 29.42% | 3.85% |
Cash | 2.14% | -0.02% | 10.76% | 48.72% |
Other | 0.00% | -4.41% | 10.18% | 64.10% |
Convertible Bonds | 0.00% | 0.00% | 31.65% | 94.67% |
Bonds | 0.00% | 0.00% | 97.80% | 94.87% |
Weighting | Return Low | Return High | KIFYX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 100.00% | 10.00% |
Utilities | 0.00% | 0.00% | 100.00% | 100.00% |
Technology | 0.00% | 0.00% | 0.00% | 83.33% |
Industrials | 0.00% | 0.00% | 7.56% | 83.33% |
Healthcare | 0.00% | 0.00% | 4.02% | 83.33% |
Financial Services | 0.00% | 0.00% | 100.00% | 83.33% |
Energy | 0.00% | 0.00% | 11.41% | 90.00% |
Communication Services | 0.00% | 0.00% | 1.77% | 90.00% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 83.33% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 83.33% |
Basic Materials | 0.00% | 0.00% | 0.00% | 83.33% |
Weighting | Return Low | Return High | KIFYX % Rank | |
---|---|---|---|---|
US | 29.42% | 0.00% | 29.42% | 3.85% |
Non US | 0.00% | 0.00% | 1.93% | 76.92% |
KIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.05% | 4.46% | 63.64% |
Management Fee | 0.70% | 0.00% | 1.00% | 62.82% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | 61.33% |
KIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
KIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
KIFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 82.00% | 12.00% | 199.00% | 92.65% |
KIFYX | Category Low | Category High | KIFYX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.32% | 0.00% | 9.59% | 8.97% |
KIFYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
KIFYX | Category Low | Category High | KIFYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.21% | 0.88% | 7.54% | 91.89% |
KIFYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.359 | OrdinaryDividend |
Mar 27, 2024 | $0.315 | OrdinaryDividend |
Dec 28, 2023 | $0.348 | OrdinaryDividend |
Sep 28, 2023 | $0.308 | OrdinaryDividend |
Jun 29, 2023 | $0.311 | OrdinaryDividend |
Mar 30, 2023 | $0.290 | OrdinaryDividend |
Dec 27, 2022 | $0.331 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Mr. Palmer leads the real estate team, a group of professionals whose broad experience investing in the real estate sector and relationships with industry executives are critical elements in operating the Fund. As a team leader and Portfolio Manager, Mr. Palmer has ultimate responsibility for all Fund investment decisions. Mr. Palmer has been a member of the Salient real estate team since September 2013 and has acted as sole Portfolio Manager since May 2021.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |
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