- What does KNGLX invest in?
- The fund employs an investment approach designed to track the performance of the index before fees and expenses. The index is designed with the primary goal of generating an annualized level of income that is approximately 10% over the annual dividend yield of the S&P 500® Index and a secondary goal of generating price returns that are proportional to the price returns of the S&P 500® Index.
- What is the expense ratio of KNGLX?
- Vest S&P 500 Dividend Aristocrats Target Income Strategy Investor Class (KNGLX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.
- What is KNGLX's distribution yield?
- KNGLX's trailing-twelve-month yield is 14.44%, calculated from the sum of distributions over the past year divided by the current price.
- How does KNGLX's covered-call strategy work?
- KNGLX sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is KNGLX?
- Vest S&P 500 Dividend Aristocrats Target Income Strategy Investor Class (KNGLX) manages $50.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is KNGLX actively managed or an index fund?
- KNGLX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
