KSRAX : FORWARD REAL ESTATE LONG/SHORT A

 
 
 
 
 

ZACKS RANK: NA -  

Ticker: KSRAX
Manager: Team Managed
Manager Since: NA
NAV (07/31/2014): 32.26
Objective: NA
Peer: RE MB
Net Assets ($mil): 30.58
Inception: 09/15/1999
KSRAX : Description

The fund was incepted in September 1999 and is managed by Kensington Investment Group, Inc. The fund seeks total return through a combination of high current income relative to equity investment alternatives, plus long-term growth of capital. The fund invests at least 80% of its net assets in securities of issuers engaged primarily in the real estate business. The fund normally invests a portion of its assets in high quality debt securities. Dividends are usually paid quarterly and capital gains (if any) are distributed at least annually.

KSRAX : Composition - 07/14
Stocks 103.01%
Foreign Stocks 8.77%
Cash 0.00%
Bonds 0.62%
Foreign Bonds 0.00%
Preferred 9.25%
Convertible 1.94%
Other -14.82%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
KSRAX : Style Analysis - 07/14
Large Growth 0.00%
Large Value 0.00%
Small Growth 0.00%
Small Value 3.57%
Foreign Stock 0.00%
Emerging Market 0.00%
Precious Metals 0.00%
Intermediate Bond 17.47%
High Yield Bond 0.00%
Foreign Bond 0.00%
Style Analysis Horizontal Bar Chart
KSRAX : Risk Analysis
Beta v. S&P 500 0.79
Beta v. EAFE 0.21
Beta v. Barclays Agg Bond 1.84
Alpha 3 Yr -2.93
Alpha 5 Yr 5.24
R-Sq 3 Yr 0.54
R-Sq 5 Yr 0.58
Std Dev 3 Yr 15.48
Std Dev 5 Yr 16.07
Sharpe 3 Yr 0.82
Sharpe 5 Yr 1.49
KSRAX : Fees
Expense Ratio 2.50
% Max Load 5.75
% Min Load 0.00
% Deferred Load NA
% Redemption NA
% Max 12 B1 Fee 0.25
% Max Mgt Fee 1.00
KSRAX : Purchase Choices:
Min Initial Investment 4000
Min Subsequent Investment 100
KSRAX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 51.0446.4154.2234.8813.0117.9922.8322.5027.1227.3532.26
Total Return (%) 26.674.7529.46-21.80-58.7748.1733.340.8123.052.3016.64
Annual Dividend Yield (%) 4.144.123.554.3313.664.754.492.141.901.371.25
Relative Performance
Rel Performance-S&P500(%) 158.00-1.36136.65-273.03-217.71217.57182.77-12.8170.64-300.7795.25
Rel Performance-Obj.Ret.(%) -51.43-66.35-32.52-56.95-180.06164.0499.903.156.494.9129.08
Ret.Quintile vs Obj(1 is best) 55455113333
Turnover, Yields, and Gains
Fund Assets Net($mil) 40242347320844364834363131
Annual Turnover (%) 173.2198.15151.51222.21189.36291.0095.0078.0053.0063.000.00
Annual Dividend Paid ($) 2.392.232.181.871.900.901.080.510.540.390.10
Annual Capital Gains Paid($) 3.484.843.736.120.100.000.000.000.000.000.00
KSRAX : 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 07/14) 0.60% 6.88% 16.64% 16.64% 11.50% 11.44% 22.58% 4.75% NA NA
Ret. Percentile vs. Obj. (1 is best) 94 54 41 41 82 12 28 90 NA NA
KSRAX : Stock Portfolio Snapshot - 07/14
Average Price/Earnings 35.04
Average Price/Book 2.81
Average EPS Growth 36.31
Average Market Value 16,518.00
KSRAX : Stock Sector Breakout - 07/14
Stock Sector Breakout
KSRAX : Top Holdings - 07/14
Name Weight Shares
EQUITY RESIDENTIAL 6.42 78,100
AVALONBAY COMMUNITIES INC 5.97 32,042
DIGITAL REALTY TRUST INC 5.90 78,400
SIMON PROPERTY GROUP INC 5.65 24,318
BOSTON PROPERTIES INC 2.80 17,251
PUBLIC STORAGE 3.25 13,600
SL GREEN REALTY CORP 2.90 20,301
MACERICH CO 2.80 31,700
PROLOGIS INC 3.52 60,856