KCM Macro Trends Fund Class R-1 (KCMTX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital; as a secondary goal, the fund seeks to manage volatility and market risk. The fund employs a flexible investment strategy, meaning it has the freedom to invest globally in companies of all sizes and in all sectors, long or short, and to hold cash. It is not restricted to any "style box," e.g., large cap growth or small cap value. To achieve its investment objective, the fund invests principally in domestic and foreign equity securities, exchange traded funds, futures and options. The term "macro" in the fund's name refers to its focus on the broad macroeconomic environment. It is non-diversified.


1 month-1.52% 3 years+12.80%
3 months+4.34% 5 years+6.12%
1 year+5.90% Since inception+6.70%
Data through --

Peer Comparisonvs. Multialternative

Performance 5-yr return+6.12%+3.65%
Expense ratio1.77%2.00%
Risk 5 year sharpe ratio0.480.66
Net assets$93.2M$331.8M
Average market cap$52.6B$23.7B
Average P/E19.718.1
Portfolio turnover272%272%

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Fund Management and Purchase Info

Fund familyKCM
Fund manager & tenureM. Lane Kerns / 6 Years
Minimal initial investment$5,000.00
Minimum IRA investment$5,000.00


U.S. stock80.15%
International stock6.10%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 32.71%
Consumer goods 10.45%
Energy 10.40%
Business service 9.80%
Hardware 9.75%
Top 10 Holdings
Portfolio weighting
XLY Consumer Discret Sel Sect SPDR® ETF7.24%
XLP Consumer Staples Select Sector SPDR® ETF6.60%
XLF Financial Select Sector SPDR® ETF5.23%
XLV Health Care Select Sector SPDR® ETF5.23%
XLI Industrial Select Sector SPDR® ETF3.74%
AAPL Apple Inc3.29%
XLU Utilities Select Sector SPDR® ETF2.95%
JPM JPMorgan Chase & Co2.82%
WFC Wells Fargo & Co2.81%
DFS Discover Financial Services2.78%

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