KCRVX — Knights of Columbus Real Estate Fund
Data updated: 2026-09-29
KCRVX — Knights of Columbus Real Estate Fund. United States Mid Cap Blend / Core Equity · $172.20M AUM. Holdings, fees, performance and SEC filings.
KCRVX Fund Overview
KCRVX — Knights of Columbus Real Estate Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund III
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $172.20M
- Ticker: KCRVX
- SEC CIK: 0001593547
- SEC series ID: S000066637
- Share class ID: C000214837
KCRVX Investment Objective and Strategy
Knights of Columbus Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.
Investment objective
The Knights of Columbus Real Estate Fund (the Real Estate Fund or the Fund) seeks total return through a combination of current income and capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in real estate securities. This investment policy can be changed by the Fund upon 60 days prior written notice to shareholders. For purposes of the Funds 80% investment policy, real estate securities include common stocks, preferred stocks and other equity securities issued by real estate companies, including real estate investment trusts (REITs) and real estate operating companies (REOCs), as well as derivatives and other instruments that have economic characteristics similar to such securities. REITs are pooled investment vehicles that own, and usually operate, income-producing real estate, or finance real estate. REOCs are publicly traded corporations that engage in the development, management or financing of real estate.
The Fund considers a company to be a real estate company if the company derives the majority of its earnings before interest, depreciation and amortization from the ownership, management and development of income-producing real estate, or the financing of real estate. The Fund may invest in securities of companies with any market capitalization. The Fund may seek to enhance current income by writing (selling) covered call options. The Fund seeks to make investment decisions consistent with the United States Conference of Catholic Bishops Socially Responsible Investing Guidelines (the USCCB Guidelines), and therefore, the Fund is designed to avoid investments in companies that are believed to be involved with abortion, contraception, pornography, stem cell research/human cloning, weapons of mass destruction, or other enterprises that conflict with the USCCB Guidelines.
As part of the screening process for the Fund, the Adviser uses information from a third-party environmental, social, and governance research firm and consults with experts to assess the policies and practices of companies based on the criteria set forth in the USCCB Guidelines. Based on such assessments, the Adviser compiles and maintains a list of companies that it determines to be inconsistent with the USCCB Guidelines (the Restricted Securities List). The Fund seeks to avoid investments in companies identified through this process. The policies and practices of the companies selected for the Fund are monitored for various issues contemplated by the USCCB Guidelines. If the Adviser becomes aware that the Fund is invested in a company whose policies and practices are inconsistent with the USCCB Guidelines, the Adviser may sell the companys securities or otherwise exclude future investments in such company.
The criteria used to screen out companies for the Fund may be modified from time to time to seek to maintain alignment with any changes to the USCCB Guidelines. In selecting investments for the Fund, the Adviser combines quantitative and qualitative analyses that together seek to identify companies that have above-average investment potential. The quantitative process begins with an understanding of the market regime or investment environment. Factors are used by the quantitative equity selection model, chosen by their demonstrated efficacy in historical environments. This process ranks the investable universe into deciles (1 = attractive, 10 = unattractive). Those companies that rank attractive are considered for further fundamental research, which incorporates criteria that are otherwise difficult to quantify.
Both the quantitative ranks and the fundamental research inform the portfolio management team when constructing the portfolio. Risk is measured and monitored throughout the portfolio management process in different ways, including active risk to the benchmark, individual stock contribution to that active risk and sector/industry group/individual stock exposure risks. The Adviser will generally sell a stock on behalf of the Fund if the stock experiences a decrease in quantitative ranking, a revised outlook via fundamental research, extreme price movements, or for risk management purposes. Due to its investment strategy, the Fund may buy and sell securities frequently. The Fund is classified as non-diversified, which means that it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
KCRVX Holdings
Top 10 holdings of Knights of Columbus Real Estate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc. | 11.54% |
| Prologis, Inc. | 9.43% |
| Equinix, Inc. | 7.24% |
| Simon Property Group, Inc. | 5.21% |
| American Tower Corporation | 5.00% |
| Realty Income Corporation | 4.30% |
| Digital Realty Trust, Inc. | 4.15% |
| Public Storage. | 3.99% |
| Iron Mountain Incorporated | 2.25% |
| Crown Castle Inc. | 2.16% |
KCRVX Portfolio Allocation
Asset-class allocation of Knights of Columbus Real Estate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 1.0% |
KCRVX Performance
Total returns for KCRVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.4% |
| 1 year | 16.8% |
| 3 years (annualised) | 6.4% |
| 5 years (annualised) | 1.9% |
KCRVX Risk Information
Risk metrics for KCRVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
KCRVX Costs and Fees
KCRVX costs about $145 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.45%
- Gross expense ratio: 1.82%
- Portfolio turnover: 70%
- Brokerage commissions: 5.35 bps of average net assets (SEC N-CEN)
KCRVX Cashflows
Over the 12 months to 2026-04, Knights of Columbus Real Estate Fund had net outflows of $2.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $2.21M |
| 2026-03 | $2.49M |
| 2026-02 | $1.41M |
| 2026-01 | −$8.04M |
| 2025-12 | $2.32M |
| 2025-11 | −$341.88K |
KCRVX Debt Constituents
No individual debt constituents are reported in Knights of Columbus Real Estate Fund's latest SEC N-PORT filing.
KCRVX Prospectus and SEC Filings
Official Knights of Columbus Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus supplement (497) — filed 2025-01-03
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.