KIFAX : FORWARD SELECT INCOME A

 
 
3
 
 

ZACKS RANK: 3 - HOLD

Ticker: KIFAX
Manager: Team Managed
Manager Since: NA
NAV (04/18/2014): 25.03
Objective: Equity - Sector Real Est
Peer: RE VL
Net Assets ($mil): 540.26
Inception: 03/30/2001
KIFAX : Description

The fund was incepted in March 2001 and is managed by Kensington Investment Group, Inc. The fund seeks high current income and potential for modest long-term growth of capital. The fund invests primarily in securities of companies in the real estate industry, such as real estate investment trusts, master limited partnerships and other real estate firms. The fund invests at least 80% of its net assets in income-producing securities. The fund may invest in common stock, rights and warrants to purchase securities and limited partnership interests to the extent the fund deems appropriate. The fund distributes dividends quarterly. Capital gains, if any, are distributed annually.

KIFAX : Composition - 04/14
Stocks 34.98%
Foreign Stocks 0.48%
Cash 0.00%
Bonds 5.96%
Foreign Bonds 0.00%
Preferred 64.95%
Convertible 9.11%
Other -14.99%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
KIFAX : Style Analysis - 04/14
Large Growth 0.00%
Large Value 0.00%
Small Growth 7.00%
Small Value 0.00%
Foreign Stock 0.00%
Emerging Market 2.33%
Precious Metals 0.00%
Intermediate Bond 18.87%
High Yield Bond 13.38%
Foreign Bond 0.00%
Style Analysis Horizontal Bar Chart
KIFAX : Risk Analysis
Beta v. S&P 500 0.32
Beta v. EAFE 0.04
Beta v. Barclays Agg Bond 1.03
Alpha 3 Yr 4.79
Alpha 5 Yr 14.53
R-Sq 3 Yr 0.32
R-Sq 5 Yr 0.34
Std Dev 3 Yr 6.75
Std Dev 5 Yr 12.87
Sharpe 3 Yr 1.41
Sharpe 5 Yr 2.14
KIFAX : Fees
Expense Ratio 1.88
% Max Load 5.75
% Min Load 0.00
% Deferred Load NA
% Redemption NA
% Max 12 B1 Fee 0.25
% Max Mgt Fee 1.00
KIFAX : Purchase Choices:
Min Initial Investment 4000
Min Subsequent Investment 100
KIFAX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 37.0733.6935.8925.1413.1820.1323.2622.0324.4323.5625.03
Total Return (%) 11.19-1.9814.35-24.19-40.4874.9726.403.0519.072.407.29
Annual Dividend Yield (%) 6.496.986.519.2217.2310.138.188.286.685.965.62
Relative Performance
Rel Performance-S&P500(%) 3.26-68.79-14.37-296.87-34.78485.55113.449.5630.81-299.8254.91
Rel Performance-Obj.Ret.(%) -206.17-133.78-183.54-80.792.87432.0230.5725.52-33.345.869.61
Ret.Quintile vs Obj(1 is best) 55553133333
Turnover, Yields, and Gains
Fund Assets Net($mil) 535566484247209321643591755540540
Annual Turnover (%) 37.7416.4320.6087.8966.41138.0093.0073.0053.0050.000.00
Annual Dividend Paid ($) 2.622.512.482.462.412.162.021.931.731.490.35
Annual Capital Gains Paid($) 0.990.190.000.000.000.000.000.000.000.000.00
KIFAX : Returns Analysis - Trailing Total Return
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
Total Return (through 04/14) 1.39% 7.29% 5.68% 7.29% 2.36% 9.33% 26.68% 4.77% NA NA
Ret. Percentile vs. Obj. (1 is best) 3 52 58 52 57 33 34 87 NA NA
KIFAX : Stock Portfolio Snapshot - 04/14
Average Price/Earnings 18.59
Average Price/Book 0.00
Average EPS Growth 0.00
Average Market Value 4,091.00
KIFAX : Stock Sector Breakout - 04/14
Stock Sector Breakout
KIFAX : Top Holdings - 04/14
Name Weight Shares
ASHFORD HOSPITALITY TRUST 4.30 2,395,900
DUPONT FABROS TECHNOLOGY INC 3.21 1,936,850
DIGITAL REALTY TRUST INC 3.18 920,000
STAG INDUSTRIAL INC 3.15 2,195,000
FELCOR LODGING TRUST INC 2.39 1,399,574
WINTHROP REALY TRUST 2.69 1,470,000
ISTAR FINANCIAL INC 2.61 1,618,374
GLIMCHER REALTY TRUST 2.40 1,433,834
ISTAR FINANCIAL SER E 7.875 P 2.94 1,809,546