McKee International Equity Instl
Name
As of 09/16/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-92.2%
1 yr return
-7.6%
3 Yr Avg Return
6.6%
5 Yr Avg Return
2.7%
Net Assets
$28.6 M
Holdings in Top 10
98.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 1.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/16/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MKIEX - Profile
Distributions
- YTD Total Return -92.2%
- 3 Yr Annualized Total Return 6.6%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.51%
- Dividend Yield 21.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMckee International Equity Portfolio
-
Fund Family NameCS McKee
-
Inception DateMay 26, 1994
-
Shares Outstanding3404246
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBrad Thompson
Fund Description
Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of companies located in at least three countries other than the United States. This investment strategy may be changed by the Fund upon 60 days’ prior written notice to shareholders.
To achieve its investment objective, the Fund invests primarily in actively managed or index-based exchange traded funds (“ETFs”), mutual funds and other investment companies, and groups of securities related by index or sector (such as stock baskets, baskets of bonds and other index-or sector-based groups of related securities) and options
or futures positions (e.g., options or futures contracts on securities, securities indexes or currencies) with respect to any of the foregoing intended to match or approximate their performance (collectively, “Fund Investments”) that the Adviser believes have the potential for capital appreciation.
In allocating the Fund’s assets, the Adviser uses a proprietary quantitative research process to determine current risk in the various international equity markets and exposures in which the Fund may invest from time to time, as well as to determine the Fund’s:
● | optimum cash position; |
● | weighting between the value and growth segments of the market; |
● | sector and industry allocation; and |
● | allocation between domestic investments (up to 20% of the Fund’s net assets) and foreign investments (up to 80% of the Fund’s net assets). |
In choosing between the bulleted investment types described above, the Adviser will focus on markets generally rather than individual companies. The Adviser generally will search for investments that exhibit attractive valuations on several metrics, which may include, without limitation, price movement, volatility, Sharpe ratios (a measure of risk adjusted return), price-to-earnings ratios, growth rates, price-to-cash flow ratios and price-to-book ratios. Based on these metrics, the Adviser will rank the international securities in which the Fund may invest on a risk adjusted basis to identify which areas of the international markets provide the best opportunity to achieve the Fund’s investment objective and determine the Fund’s investment universe. The Adviser will then select from this investment universe to create a well-diversified portfolio for the Fund. The Adviser’s investment philosophy emphasizes purchasing Fund Investments that allow the Fund to participate in both broad market indexes (e.g., the MSCI EAFE, MSCI ACWI ex US, MSCI Emerging Markets, etc.) and market sector indexes (e.g., healthcare indexes, utilities indexes, real estate indexes, etc.).
The Adviser retains the flexibility to allocate among equity Fund Investments as determined to be suitable for the Fund. The Fund may invest up to 100% of its assets in Fund Investments that have portfolios comprised of equity securities (including foreign companies of any size in any sector). The Fund may participate in a limited number of sectors, but will not concentrate its investments in any particular sector. The Fund will attempt to minimize risk through investment in
a range of countries and economic sectors. The Fund may invest up to 30% of its assets in emerging market securities. Emerging market countries in which the Fund may invest include, but are not limited to, Taiwan, China, Brazil, Mexico, India, South Korea, Hong Kong, South Africa, Thailand, & Saudi Arabia.
The Fund may invest in options or futures positions for speculative purposes, when the Adviser determines that they provide a more efficient way to increase or reduce the Fund’s overall exposure to an industry or sector than buying or selling other Fund Investments, or to hedge against risks of investments in the Fund’s portfolio or markets generally. The Fund may at times hold a portion of its assets in cash and short-term, highly liquid investments, such as money market instruments, U.S. government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions (“Cash Positions”) when investment opportunities are limited.
The Adviser generally sells a security under one or more of the following conditions:
● | the Adviser determines that there is a more attractively priced Fund Investment or other security as an alternative; |
● | the optimum Cash Position has changed based on the Adviser’s quantitative research; |
● | the weighting between the value and growth segments of the market have changed based on the Adviser’s quantitative research; |
● | the weighting between sector and industry allocations have changed based on the Adviser’s quantitative research; or |
● | the weighting between domestic and international exposure have changed based on the Adviser’s quantitative research. |
MKIEX - Performance
Return Ranking - Trailing
Period | MKIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -92.2% | -92.2% | 424400.0% | 100.00% |
1 Yr | -7.6% | -22.2% | 15.0% | 53.01% |
3 Yr | 6.6%* | -0.5% | 16.5% | 57.14% |
5 Yr | 2.7%* | -0.9% | 8.6% | 65.92% |
10 Yr | 5.9%* | 2.3% | 8.9% | 62.15% |
* Annualized
Return Ranking - Calendar
Period | MKIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.6% | -99.0% | 64.4% | 98.26% |
2022 | -3.3% | -91.9% | 17.3% | 71.00% |
2021 | 10.1% | 4.4% | 31.6% | 90.34% |
2020 | -23.1% | -100.0% | -7.4% | 77.38% |
2019 | 22.7% | 0.0% | 30.4% | 16.79% |
Total Return Ranking - Trailing
Period | MKIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -92.2% | -92.2% | 275.0% | 100.00% |
1 Yr | -7.6% | -22.7% | 58.7% | 49.58% |
3 Yr | 6.6%* | -0.5% | 16.5% | 53.53% |
5 Yr | 2.7%* | -1.0% | 9.6% | 63.21% |
10 Yr | 5.9%* | 2.3% | 8.9% | 58.96% |
* Annualized
Total Return Ranking - Calendar
Period | MKIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.6% | -66.6% | 64.4% | 98.55% |
2022 | -3.3% | -23.1% | 211.0% | 71.30% |
2021 | 10.1% | 4.4% | 31.6% | 90.37% |
2020 | -19.4% | -35.7% | -6.2% | 62.30% |
2019 | 26.2% | 6.2% | 433899.9% | 11.07% |
NAV & Total Return History
MKIEX - Holdings
Concentration Analysis
MKIEX | Category Low | Category High | MKIEX % Rank | |
---|---|---|---|---|
Net Assets | 28.6 M | 2.03 M | 44.7 B | 92.20% |
Number of Holdings | 14 | 2 | 3900 | 97.80% |
Net Assets in Top 10 | 27.1 M | 3.58 K | 13.7 B | 77.20% |
Weighting of Top 10 | 98.52% | 7.3% | 99.9% | 1.12% |
Top 10 Holdings
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
- Merck KGaA 5.33%
Asset Allocation
Weighting | Return Low | Return High | MKIEX % Rank | |
---|---|---|---|---|
Stocks | 96.80% | 75.03% | 100.46% | 70.88% |
Cash | 3.08% | -31.92% | 11.89% | 26.92% |
Other | 0.12% | -2.35% | 6.11% | 14.56% |
Preferred Stocks | 0.00% | 0.00% | 1.34% | 66.76% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 64.01% |
Bonds | 0.00% | 0.00% | 31.71% | 66.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MKIEX % Rank | |
---|---|---|---|---|
Financial Services | 19.78% | 0.00% | 42.76% | 52.35% |
Industrials | 12.94% | 1.03% | 36.79% | 54.29% |
Basic Materials | 10.64% | 0.00% | 30.76% | 26.59% |
Consumer Defense | 10.60% | 0.00% | 31.84% | 24.38% |
Technology | 9.50% | 0.00% | 24.16% | 25.21% |
Healthcare | 9.10% | 0.00% | 23.28% | 63.43% |
Consumer Cyclical | 8.63% | 0.00% | 27.46% | 58.45% |
Communication Services | 6.76% | 0.00% | 23.78% | 52.08% |
Energy | 5.56% | 0.00% | 26.59% | 61.22% |
Utilities | 3.28% | 0.00% | 27.46% | 49.86% |
Real Estate | 3.20% | 0.00% | 19.64% | 18.84% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MKIEX % Rank | |
---|---|---|---|---|
Non US | 96.05% | 71.47% | 100.46% | 46.43% |
US | 0.75% | 0.00% | 15.02% | 64.84% |
MKIEX - Expenses
Operational Fees
MKIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.16% | 0.01% | 4.03% | 29.36% |
Management Fee | 0.70% | 0.00% | 1.25% | 46.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.47% | N/A |
Sales Fees
MKIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MKIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.25% | 2.00% | 92.86% |
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.
MKIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 1.00% | 1.00% | 158.16% | 0.33% |
MKIEX - Distributions
Dividend Yield Analysis
MKIEX | Category Low | Category High | MKIEX % Rank | |
---|---|---|---|---|
Dividend Yield | 21.90% | 0.00% | 21.90% | 0.27% |
Dividend Distribution Analysis
MKIEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
MKIEX | Category Low | Category High | MKIEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.51% | -1.56% | 7.85% | 83.91% |
Capital Gain Distribution Analysis
MKIEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 31, 2021 | $0.153 | OrdinaryDividend |
Dec 31, 2020 | $0.208 | OrdinaryDividend |
Dec 31, 2019 | $0.269 | OrdinaryDividend |
Dec 20, 2019 | $0.481 | OrdinaryDividend |
Dec 31, 2018 | $0.310 | OrdinaryDividend |
Dec 29, 2017 | $0.213 | OrdinaryDividend |
Dec 30, 2016 | $0.195 | OrdinaryDividend |
Dec 31, 2015 | $0.213 | OrdinaryDividend |
Dec 31, 2014 | $0.486 | OrdinaryDividend |
Dec 31, 2013 | $0.211 | OrdinaryDividend |
Dec 31, 2012 | $0.198 | OrdinaryDividend |
Dec 30, 2011 | $0.371 | OrdinaryDividend |
Dec 31, 2010 | $0.183 | OrdinaryDividend |
Dec 31, 2009 | $0.200 | OrdinaryDividend |
Dec 31, 2008 | $0.319 | OrdinaryDividend |
Dec 31, 2007 | $0.312 | OrdinaryDividend |
Dec 29, 2006 | $0.275 | OrdinaryDividend |
Dec 30, 2005 | $0.200 | OrdinaryDividend |
Dec 31, 2004 | $0.164 | OrdinaryDividend |
Dec 16, 2003 | $0.110 | OrdinaryDividend |
Dec 19, 2002 | $0.032 | OrdinaryDividend |
Jun 28, 2002 | $0.058 | OrdinaryDividend |
MKIEX - Fund Manager Analysis
Managers
Brad Thompson
Start Date
Tenure
Tenure Rank
Aug 11, 2021
0.8
0.8%
Prior to joining NSI Retail in 2021, Mr. Thompson served as Chief Investment Officer of the Stadion and has been a Portfolio Manager and an officer of the Stadion, serving in a supervisory role for portfolio management operations since 2006. Brad Thompson joined Stadion in 2006, bringing 20+ years of financial analysis, investment management, and fund management experience with him to Stadion, where he manages the Stadion Portfolio Management team. Prior to joining Stadion, Brad served as the Chief Investment Officer and Chief Financial Analyst for Global Capital Advisors. Brad has a Bachelor of Business Administration Degree in Finance from the University of Georgia, and also holds the Chartered Financial Analyst designation. Brad is a member of the CFA Institute and the Bermuda Society of Financial Analysts and also holds the Chartered Retirement Plan Specialist Designation. Brad has served on the board of the Executive Leadership Council for the American Cancer Society and on the Board of Trustees for the University of Georgia Terry College of Business Student Managed Investment Fund
Clayton Wilkin
Start Date
Tenure
Tenure Rank
Aug 11, 2021
0.8
0.8%
Clayton Wilkin, CFA. Prior to joining NSI Retail in 2021, Mr. Wilkin was a Portfolio Manager for Stadion Money Management and has served as a Portfolio Management Analyst, among other duties, since 2013. He has a Bachelor of Business Administration Degree in Finance from the University of Georgia and also holds the Chartered Financial Analyst designation.
Michael Donnelly
Start Date
Tenure
Tenure Rank
Aug 11, 2021
0.8
0.8%
Prior to joining C.S. McKee in 2012, Mr. Donnelly was president and chief investment officer of Donnelly Asset Management, LLC, a registered investment adviser specializing in large-capitalization value equity management. Before founding his own firm in 2003, Mr. Donnelly spent 13 years at Federated Investors, where he was Senior Vice President and Senior Equity Portfolio Manager. He headed the value equity team that managed more than $5 billion of large-capitalization value mutual funds and other assets.
Paul Frank
Start Date
Tenure
Tenure Rank
Aug 11, 2021
0.8
0.8%
Paul M. Frank has served as a Senior Portfolio Manager of Stadion Money Management, LLC since joining Stadion Money Management, LLC in 2013. Mr. Frank founded Aviemore Asset Management, LLC in 1993 and served as its President until 2013. He also served as President, Treasurer, Trustee and Chief Compliance Officer of Aviemore Funds from 2004 until 2013. Mr. Frank has a Bachelor of Arts in History and Economics from Drew University. Mr. Frank also completed a Masters of Business Administration in Finance from Fordham University’s Graduate School of Business Administration in 1992, earning the Dean’s award for academic excellence and named class valedictorian.
Shawna Aufman
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Since joining C.S. McKee in 2003, Ms. Aufman has served successively as a portfolio accountant, performance analyst and investment analyst before adding her current portfolio management responsibilities. Her experience has given her a solid background in investment management, research, account management and cash flow management.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.2 | 29.68 | 7.57 | 0.54 |