Kensington Managed Income Fund (KAMIX)

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The chart shows the growth of an initial investment of $10,000 in Kensington Managed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Kensington Managed Income Fund (KAMIX) has returned -1.31% so far this year and 3.27% over the past 12 months.

Based on dividend-adjusted daily data since Jun 10, 2022, KAMIX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 72% of months were positive and 28% were negative. The best month was Jul 2022 with a return of +2.8%, while the worst month was Aug 2022 at -3.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, KAMIX closed higher 38% of trading days. The best single day was Aug 10, 2022 with a return of +1.1%, while the worst single day was Jun 13, 2022 at -1.7%.

Kensington Managed Income Fund has an annualized alpha of 0.75%, beta of 0.12, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 13, 2022.

• This fund participated in 27.75% of S&P 500 Index downside but only 17.77% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.12 may look defensive, but with R² of 0.27 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.27 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

KAMIX has a high expense ratio of 1.36%, indicating above-average management fees.

KAMIX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Kensington Managed Income Fund (KAMIX) and compare them to a chosen benchmark (S&P 500 Index).

Kensington Managed Income Fund provided a 5.77% dividend yield over the last twelve months, with an annual payout of $0.55 per share.

The table displays the monthly dividend distributions for Kensington Managed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Kensington Managed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Kensington Managed Income Fund was 6.11%, occurring on Jul 6, 2023. Recovery took 165 trading sessions.

The current Kensington Managed Income Fund drawdown is 2.42%.

The chart below shows the rolling one-month volatility.