KL Allocation Fund (GAVIX)
The investment seeks long-term capital appreciation with an emphasis on capital preservation. The fund employs an allocation strategy by investing in three asset classes: equity, fixed income and cash or cash equivalents. It may invest in securities of U.S. and foreign issuers. The fund's investments in securities of foreign issuers will represent between 40% and 100% of the fund's portfolio. It also invests in ETFs that primarily invest in fixed income securities and in alternative ETFs that invest in government, municipal, corporate and mortgage-related fixed income securities.
Fund Info
| ISIN | US4614186595 |
|---|---|
| CUSIP | 461418659 |
| Issuer | Knowledge Leaders Capital |
| Inception Date | Sep 29, 2010 |
| Category | Tactical Allocation |
| Min. Investment | $5,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
GAVIX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in KL Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
KL Allocation Fund had a return of 6.37% year-to-date (YTD) and 6.25% in the last 12 months. Over the past 10 years, KL Allocation Fund had an annualized return of 3.89%, while the S&P 500 had an annualized return of 10.84%, indicating that KL Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.37% | 10.00% |
| 1 month | 1.01% | 2.41% |
| 6 months | 9.45% | 16.70% |
| 1 year | 6.25% | 26.85% |
| 5 years (annualized) | 3.62% | 12.81% |
| 10 years (annualized) | 3.89% | 10.84% |
Monthly Returns
The table below presents the monthly returns of GAVIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.71% | 3.43% | 1.36% | -0.25% | 6.37% | ||||||||
| 2023 | 4.28% | -1.75% | 2.93% | 0.09% | -1.38% | 1.40% | 0.86% | -1.37% | -3.21% | -2.15% | 4.12% | 2.08% | 5.71% |
| 2022 | -6.72% | -1.50% | -0.24% | -4.51% | -1.10% | -3.58% | 0.71% | -2.90% | -3.26% | 2.53% | 3.92% | -3.60% | -18.91% |
| 2021 | -1.42% | -1.10% | -0.62% | 2.24% | 1.78% | -1.68% | -0.00% | -0.75% | -2.68% | 2.26% | -1.24% | 3.19% | -0.23% |
| 2020 | 2.33% | -0.88% | -0.07% | 5.27% | 3.60% | 0.75% | 3.45% | 0.98% | -0.91% | -1.05% | 2.90% | 3.05% | 20.98% |
| 2019 | 3.04% | 1.71% | 1.38% | 0.08% | 0.68% | 2.39% | -0.22% | 3.66% | -0.92% | 0.36% | 0.28% | 2.10% | 15.42% |
| 2018 | 3.95% | -4.37% | -1.06% | 0.13% | -0.40% | -1.81% | -0.21% | -2.33% | 0.35% | -5.31% | 0.22% | -1.94% | -12.34% |
| 2017 | 3.18% | 0.57% | 0.71% | 0.99% | 0.21% | 0.00% | 2.59% | 1.30% | 0.47% | 2.55% | -0.33% | 2.88% | 16.13% |
| 2016 | -2.74% | -0.45% | 3.95% | 0.29% | 1.93% | 2.18% | 2.34% | -1.07% | 1.29% | -3.08% | -2.42% | -0.93% | 1.00% |
| 2015 | 1.09% | 3.60% | 0.14% | -0.21% | -0.14% | -0.63% | 2.66% | -4.16% | -2.07% | 4.95% | 1.39% | -0.23% | 6.23% |
| 2014 | -2.02% | 4.74% | -0.95% | -0.96% | 1.64% | 1.47% | -1.16% | 1.75% | -2.15% | 2.71% | 1.86% | -0.97% | 5.86% |
| 2013 | 3.98% | 1.14% | 3.86% | 1.70% | -0.61% | -0.08% | 2.61% | -2.84% | 2.15% | 3.16% | 1.39% | 1.29% | 19.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GAVIX is 24, indicating that it is in the bottom 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GAVIX (KL Allocation Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for KL Allocation Fund (GAVIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
KL Allocation Fund granted a 2.50% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.00 | $1.15 | $1.29 | $1.11 | $0.84 | $0.50 | $0.48 | $0.75 | $0.39 | $0.72 |
Dividend yield | 2.50% | 2.66% | 0.00% | 8.51% | 8.74% | 8.38% | 6.72% | 3.26% | 3.55% | 5.42% | 2.81% | 5.38% |
Monthly Dividends
The table displays the monthly dividend distributions for KL Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.75 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2013 | $0.72 | $0.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the KL Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the KL Allocation Fund was 22.71%, occurring on Sep 26, 2022. The portfolio has not yet recovered.
The current KL Allocation Fund drawdown is 10.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.71% | Jun 7, 2021 | 330 | Sep 26, 2022 | — | — | — |
| -17.94% | Jan 29, 2018 | 229 | Dec 24, 2018 | 325 | Apr 9, 2020 | 554 |
| -8.88% | Aug 11, 2015 | 35 | Sep 29, 2015 | 138 | Apr 18, 2016 | 173 |
| -6.94% | Aug 16, 2016 | 91 | Dec 22, 2016 | 139 | Jul 14, 2017 | 230 |
| -6.34% | Jul 22, 2011 | 12 | Aug 8, 2011 | 47 | Oct 13, 2011 | 59 |
Volatility
Volatility Chart
The current KL Allocation Fund volatility is 0.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.