Fund Evaluator:

Vest S&P500 Div Aristocrats Trgt Inc Ins Overview

Vest S&P500 Div Aristocrats Trgt Inc Ins (KNGIX) is a passively managed Nontraditional Equity Derivative Income fund. CBOE Vest launched the fund in 2017.

The investment seeks to track the price and yield performance, before fees and expenses, of the Cboe S&P 500® Dividend Aristocrats Target Income Index (the "index"). 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.

About Vest S&P500 Div Aristocrats Trgt Inc Ins (KNGIX)

There are 2 members of the management team with an average tenure of 5.16 years: Karan Sood (2017), Trevor Lack (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and CBOE S&P500 Div Arstcrts Tgt Inc TR USD index with a weighting of 100%. Vest S&P500 Div Aristocrats Trgt Inc Ins has 99 securities in its portfolio. The top 10 holdings constitute 18.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Vest S&P500 Div Aristocrats Trgt Inc Ins is part of the Equity global asset class and is within the Nontraditional Equity fund group. Vest S&P500 Div Aristocrats Trgt Inc Ins has 3.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.3%. There is 3.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vest S&P500 Div Aristocrats Trgt Inc Ins has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $14 million in total assets, which is below the $233 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

KNGIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vest S&P500 Div Aristocrats Trgt Inc Ins expense ratio is high compared to funds in the Derivative Income category. Vest S&P500 Div Aristocrats Trgt Inc Ins has an expense ratio of 0.95%, which is 15% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Vest S&P500 Div Aristocrats Trgt Inc Ins has a portfolio turnover rate of 422%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 114% for the Derivative Income category.

Recently, in the month of July 2026, Vest S&P500 Div Aristocrats Trgt Inc Ins returned 1.4%, which earned it a grade of C, as the Derivative Income category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Vest S&P500 Div Aristocrats Trgt Inc Ins has a trailing yield of 1.61%, which is below the 4.47% category average. The fund normally distributes its income quarterly and its capital gains monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Vest S&P500 Div Aristocrats Trgt Inc Ins Grades

Year to date, the fund has returned 9.4%, 1.4 percentage points better than the category, which translates into a grade of B. The fund has returned 13.1% over the past year (grade of D), 6.6% over the past three years (grade of F) and 5.3% per year over the past five years (grade of F).

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