HOUSTON, Sept. 20, 2018 /PRNewswire/ -- Kerns Capital Management ("KCM") is pleased to announce that the KCM Macro Trends Fund (KCMTX) celebrated its 10th anniversary and received an overall five-star Morningstar rating in its category for the 10-year period ending Aug. 31st.
The KCM Macro Trends Fund:
- Has an overall Morningstar Rating of 5-stars, including 5-star ratings for the three-, five- and ten-year periods ending Aug. 31st out of 301, 160 and 51 funds respectively, based on risk adjusted returns
- Ranks in the top one percent of its Multialternative™ category for one-, five- and ten-year periods ending Aug. 31st out of 367, 160 and 51 funds respectively, based on total returns
- Won the Thomson Reuters Lipper 2018 award for Best Fund – Alternative Global Macro – Five Years out of 208 eligible share classes
- Avoided 67% of the S&P 500's loss in value during the "Financial Crisis" from its August 4, 2008 inception through the bear market bottom on March 9, 2009, and was back to breakeven in May 2009, two months later.
The fund is an equity-focused macro fund with the flexibility to invest globally and tactically, including long/short, across all asset classes. The fund focuses on long-term growth of capital while managing volatility and market risk, catering to investors seeking the ability to participate in the potential for upside capture while actively managing downside risk.
"We believe the fund's five-star rating and top one percent performance over multiple periods are a testament to our ability to pursue long-term growth of capital during good times, while managing volatility and market risk during the bad," said KCM President, CEO and Lead Manager of KCMTX since inception, Martin Kerns.
"We seek an edge through an investment strategy we creatively call, "Risk On/Risk Off" market exposure—a process that tells us when to be invested in stocks and when to hedge. We also rely on fundamentally-based stock selection models to tell us when to buy and sell stocks, in an effort to remove emotion and behavioral bias from our decisions."
The fund, which reported $86.1 million in assets under management as of August 31, is available in both Retail (KCMTX) and Institutional (KCMIX) classes.
For more information on the fund and its investment strategy, visit: https://kernscapital.com/kcm-macro-trends-fund/.
About Kerns Capital Management
Kerns Capital Management is a leading asset management firm with a focus on quantitative, liquid alternative investment strategies, including the KCM Macro Trends Fund. We are value-oriented investors in long/short equity, credit and volatility, and apply the same attention to risk in the deployment of capital that has guided us since our inception as a fiduciary investment manager to corporate pensions, trusts and high net worth individuals. Kerns was founded in 1996, and is based in Houston, Texas.
Further information can be found at https://kernscapital.com/.
Mutual funds involve risk including possible loss of principal. The Fund may invest in small, less well-known companies, which may be subject to more erratic market movements than large-cap stocks; foreign securities, which are subject to currency fluctuations and political uncertainty; and derivative securities, which may carry market, credit, and liquidity risks. The Fund may also engage in short selling activities, which are riskier than long positions because the potential loss on a short sale is unlimited. The Fund may use leveraging and/or hedging techniques that could fail if changes in the value of the derivative do not correlate with the securities being hedged. These risks may result in greater share price volatility.
Investors should carefully consider the investment objectives, risks, charges and expenses of the KCM Macro Trends Fund before investing. This and other important information about the fund is contained in the prospectus, which can be obtained at www.kernscapital.com or by calling 800-945-2125. The prospectus should be read carefully before investing. The KCM Macro Trends Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Kerns Capital Management, Inc. and Northern Lights Distributors, LLC are not affiliated.
Rankings are just one form of performance measurement. For fund performance data current to the most recent month end, please call 800-945-2125.
Morningstar Ratings. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Morningstar Multialternative™ Category includes funds that have a majority of their assets exposed to alternative asset strategies, including long/short, and can include funds with static allocations to alternative strategies and funds tactically allocating among alternative strategies and asset classes.
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Source: Lipper, Inc. The Best Alternative Global Macro Fund award is granted to the fund in the Alternative Global Macro category with the highest Lipper Leader score for Consistent Return over the 5-year period as of 11.30 of the prior year. Lipper awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, relative to peers. Thomson Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Lipper, a wholly owned subsidiary of Thomson Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries and media organizations. 3873-NLD-9/18/2018
SOURCE Kerns Capital Management