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Trending ETFs

LK Balanced Fund

mutual fund
LKBLX
Payout Change
Pending
Price as of:
$59.74 -0.09 -0.15%
primary theme
U.S. Balanced Allocation
share class
Instl (LKBLX)
LKBLX (Mutual Fund)

LK Balanced Fund

Payout Change
Pending
Price as of:
$59.74 -0.09 -0.15%
primary theme
U.S. Balanced Allocation
share class
Instl (LKBLX)
LKBLX (Mutual Fund)

LK Balanced Fund

Payout Change
Pending
Price as of:
$59.74 -0.09 -0.15%
primary theme
U.S. Balanced Allocation
share class
Instl (LKBLX)

Name

As of 12/03/2024

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

LK Balanced Fund

LKBLX | Fund

$59.74

$29 M

1.77%

$1.06

1.46%

Vitals

YTD Return

16.1%

1 yr return

19.8%

3 Yr Avg Return

7.2%

5 Yr Avg Return

9.4%

Net Assets

$29 M

Holdings in Top 10

34.6%

52 WEEK LOW AND HIGH

$59.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

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 12/03/2024

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

LK Balanced Fund

LKBLX | Fund

$59.74

$29 M

1.77%

$1.06

1.46%

LKBLX - Profile

Distributions

  • YTD Total Return 16.1%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    LK Balanced Fund
  • Fund Family Name
    Lawson Kroeker
  • Inception Date
    Dec 31, 1986
  • Shares Outstanding
    563663
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce 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.
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LKBLX - Performance

Return Ranking - Trailing

Period LKBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% -2.8% 90.1% 25.95%
1 Yr 19.8% -0.5% 92.8% 45.01%
3 Yr 7.2%* -3.2% 24.3% 6.15%
5 Yr 9.4%* -2.1% 24.4% 14.86%
10 Yr 7.9%* 1.2% 14.2% 19.57%

* Annualized

Return Ranking - Calendar

Period LKBLX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -12.2% 23.9% 95.61%
2022 -9.0% -34.7% 2.8% 4.16%
2021 10.3% -11.9% 18.1% 17.00%
2020 -0.9% -20.9% 39.7% 93.75%
2019 16.7% 0.8% 25.7% 16.17%

Total Return Ranking - Trailing

Period LKBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% -2.8% 90.1% 25.95%
1 Yr 19.8% -0.5% 92.8% 45.01%
3 Yr 7.2%* -3.2% 24.3% 6.15%
5 Yr 9.4%* -2.1% 24.4% 14.86%
10 Yr 7.9%* 1.2% 14.2% 19.57%

* Annualized

Total Return Ranking - Calendar

Period LKBLX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -12.2% 26.8% 92.40%
2022 -5.6% -29.0% 10.9% 4.01%
2021 22.9% -3.0% 27.3% 0.77%
2020 5.1% -19.5% 40.6% 89.10%
2019 20.4% 2.2% 32.7% 36.96%

NAV & Total Return History

LKBLX - Holdings

Concentration Analysis

LKBLX Category Low Category High LKBLX % Rank
Net Assets 29 M 861 K 235 B 95.07%
Number of Holdings 55 2 16143 50.00%
Net Assets in Top 10 10.2 M 859 K 66.9 B 96.78%
Weighting of Top 10 34.57% 10.8% 122.7% 61.99%

Top 10 Holdings

  1. Berkshire Hathaway Inc 4.70%
  2. Texas Pacific Land Corp 4.51%
  3. Microsoft Corp 4.17%
  4. Arthur J Gallagher Co 3.83%
  5. Thermo Fisher Scientific Inc 3.37%
  6. Aflac Inc 3.04%
  7. HCA Healthcare Inc 3.04%
  8. Phillips 66 2.82%
  9. Fifth Third Bancorp 2.62%
  10. Johnson Johnson 2.48%

Asset Allocation

Weighting Return Low Return High LKBLX % Rank
Stocks 		69.23% 0.00% 100.10% 51.75%
Bonds 		28.16% 0.00% 75.29% 37.43%
Preferred Stocks 		1.70% 0.00% 24.59% 4.82%
Cash 		0.91% -7.92% 100.00% 60.38%
Other 		0.00% -42.55% 113.97% 59.50%
Convertible Bonds 		0.00% 0.00% 23.84% 92.34%

Stock Sector Breakdown

Weighting Return Low Return High LKBLX % Rank
Financial Services 		24.48% 0.00% 38.77% 1.62%
Healthcare 		17.21% 0.00% 29.35% 10.49%
Energy 		12.37% 0.00% 85.65% 4.58%
Industrials 		11.50% 0.00% 24.37% 28.06%
Consumer Defense 		7.46% 0.00% 15.14% 30.43%
Consumer Cyclical 		6.71% 0.00% 19.36% 80.80%
Basic Materials 		6.27% 0.00% 25.57% 6.94%
Technology 		6.09% 0.00% 44.21% 96.16%
Communication Services 		5.73% 0.00% 38.10% 79.03%
Real Estate 		2.19% 0.00% 65.01% 74.89%
Utilities 		0.00% 0.00% 99.55% 94.39%

Stock Geographic Breakdown

Weighting Return Low Return High LKBLX % Rank
US 		69.23% 0.00% 100.10% 48.83%
Non US 		0.00% 0.00% 42.80% 48.25%

Bond Sector Breakdown

Weighting Return Low Return High LKBLX % Rank
Corporate 		79.92% 0.00% 98.21% 4.86%
Municipal 		6.21% 0.00% 24.80% 2.80%
Government 		5.85% 0.00% 97.26% 91.02%
Cash & Equivalents 		0.74% 0.00% 99.92% 58.92%
Derivative 		0.00% -4.58% 41.29% 44.59%
Securitized 		0.00% 0.00% 92.13% 91.16%

Bond Geographic Breakdown

Weighting Return Low Return High LKBLX % Rank
US 		28.16% 0.00% 75.29% 36.11%
Non US 		0.00% 0.00% 15.37% 39.47%

LKBLX - Expenses

Operational Fees

LKBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.03% 27.98% 23.26%
Management Fee 0.75% 0.00% 1.83% 87.08%
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% 0.83% 343.00% 26.41%

LKBLX - Distributions

Dividend Yield Analysis

LKBLX Category Low Category High LKBLX % Rank
Dividend Yield 1.77% 0.00% 17.90% 3.63%

Dividend Distribution Analysis

LKBLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

LKBLX Category Low Category High LKBLX % Rank
Net Income Ratio 1.02% -2.34% 13.92% 56.99%

Capital Gain Distribution Analysis

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

Distributions History

View More +

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 6.36 2.41

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