Morningstar

Kayne Anderson Renewable Infras Retail KARRX

Morningstar Medalist Rating
Medalist Rating as of | See Kayne Anderson Investment Hub
  • NAV / 1-Day Return 9.81  /  −1.01 %
  • Total Assets 34.9 Mil
  • Adj. Expense Ratio
    1.260%
  • Expense Ratio 1.270%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Infrastructure
  • Investment Style Mid Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.10%
  • Turnover 61%

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:20 PM GMT+0

Morningstar’s Analysis KARRX

Will KARRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KARRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KARRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of KARRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Kayne Anderson Renewable Infras Retail's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings KARRX

More KARRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240930 Purchased

29.79 9.8 Mil
Derivative

GBP/USD FWD 20240930 Purchased

12.80 4.2 Mil
Derivative

First American Treasury Obligs X

8.09 2.7 Mil
Cash and Equivalents

NextEra Energy Inc

6.85 2.3 Mil
Utilities

National Grid PLC

5.55 1.8 Mil
Utilities

Iberdrola SA

5.54 1.8 Mil
Utilities

RWE AG Class A

5.03 1.7 Mil
Utilities

E.ON SE

4.62 1.5 Mil
Utilities

Xcel Energy Inc

4.06 1.3 Mil
Utilities

Enel SpA

3.98 1.3 Mil
Utilities

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