Vest S&P 500 Dividend Aristocrats Target Income Strategy Investor Class
KNGLX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 8730 Stony Point Parkway Richmond VA United States of America 23235
- IPO Date
- Sep 11, 2017
- CIK
- 0001396092
- Website
- vestfin.com
- Similar Companies
- Business
- Vest S&P 500 Dividend Aristocrats Target Income Strategy Investor Class (KNGLX) is an open-end mutual fund that seeks to track the price and yield performance, before fees and expenses, of the Cboe S&P 500 Dividend Aristocrats Target Income Index. The fund employs an options-based strategy on stocks from the S&P 500 Dividend Aristocrats Index, which comprises companies that have increased dividends for at least 25 consecutive years; it generates income from dividends paid by these stocks and premiums from writing call options on the underlying equities, aiming to deliver an annualized income target approximately 10% above the S&P 500's annual dividend yield while retaining much of the stocks' long-term growth potential. Its portfolio is primarily allocated to U.S. stocks (approximately 96.55%), with minor exposure to non-U.S. stocks (2.88%) and cash (0.57%), diversified across sectors such as consumer defensive (22.51%), industrials (20.94%), financial services (12.74%), healthcare (10.24%), and basic materials (10.20%). The Investor Class shares feature a net expense ratio of 1.20%, a minimum initial investment of $1,000, and a maximum redemption fee of 2.00%, with shares available for sale in the United States. Launched on September 11, 2017, and domiciled in the United States, KNGLX is managed by Vest Financial LLC (d/b/a Cboe Vest), a majority-owned subsidiary of Cboe Global Markets, Inc. following CBOE's equity investment in 2016; primary portfolio managers include Karan Sood (since inception) and Trevor Lack (since February 28, 2025). Vest Financial, founded in 2012 and headquartered in McLean, Virginia, specializes in outcome-oriented, derivatives-based investment products, including target income, buffer, and defined outcome strategies offered through mutual funds, ETFs, and separately managed accounts. Recent developments include the appointment of Trevor Lack as co-portfolio manager effective February 28, 2025, enhancing the fund's management team amid ongoing portfolio oversight. As of late 2025, the fund maintains total net assets of approximately $47.67 million, with the Investor Class comprising $4.24 million, reflecting steady operations in the derivative income category. No major acquisitions, funding rounds, or strategic shifts specific to KNGLX or its direct management were reported in the last 1-2 years, though Vest Financial continues to expand its suite of options-centric funds under Cboe Global Markets.