- ISIN
- US56167N3246
- CUSIP
- 00771F715
- Issuer
- Advisors Preferred
- Inception Date
- May 30, 2019
- Category
- Nontraditional Bonds
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
KAMIX Performance Chart
Kensington Managed Income Fund (KAMIX) is up 1.9% since the beginning of the year. KAMIX is currently trading at $10 per share.
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Returns By Period
Kensington Managed Income Fund (KAMIX) has returned 1.93% so far this year and 6.55% over the past 12 months.
Kensington Managed Income Fund
- 1D
- 0.21%
- 1M
- 0.72%
- YTD
- 1.93%
- 6M
- 2.20%
- 1Y
- 6.55%
- 3Y*
- 5.28%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KAMIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 10, 2022, KAMIX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 73% of months were positive and 27% 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 39% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 0.41% | -1.49% | 1.79% | 0.62% | 0.10% | 1.93% | ||||||
| 2025 | 1.85% | -0.20% | -1.93% | -1.96% | 1.26% | 1.95% | 0.31% | 1.14% | 0.81% | 0.10% | 0.41% | 0.57% | 4.32% |
| 2024 | 0.31% | 0.30% | 1.11% | -1.62% | 0.10% | 0.29% | 1.55% | 1.02% | 1.22% | -0.71% | 1.32% | -0.56% | 4.38% |
| 2023 | 0.20% | -0.71% | 0.21% | 0.41% | -1.43% | 0.53% | 1.04% | 0.21% | -1.43% | 0.53% | 1.78% | 2.63% | 3.96% |
| 2022 | -1.48% | 2.80% | -3.21% | 0.03% | -0.70% | 0.30% | 0.21% | -2.13% |
Benchmark Metrics
Kensington Managed Income Fund has an annualized alpha of 1.03%, beta of 0.12, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since June 10, 2022.
- This fund participated in 25.57% of S&P 500 Index downside but only 16.98% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.29 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 0.29 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.
- Alpha
- 1.03%
- Beta
- 0.12
- R²
- 0.29
- Upside Capture
- 16.98%
- Downside Capture
- 25.57%
Expense Ratio
KAMIX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KAMIX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Kensington Managed Income Fund (KAMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KAMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.78 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.98 | 12.44 | -0.46 |
Dividends
Dividend History
Kensington Managed Income Fund provided a 5.59% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.55 | $0.44 | $0.54 | $0.41 | $0.07 |
Dividend yield | 5.59% | 4.57% | 5.60% | 4.15% | 0.75% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.44 |
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.54 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.41 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.06 | $0.07 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -6.11%Jul 2023 | 10mo 25d | 7mo 29d | 1y 6moAug 2022 - Mar 2024 |
2025 selloff2025 | -4.35%Apr 2025 | 2mo | 4mo 11d | 6mo 11dFeb 2025 - Aug 2025 |
2026 pullback2026 | -2.55%Mar 2026 | 29d | 18d | 1mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -2.02%May 2024 | 2mo 2d | 1mo 18d | 3mo 20dMar 2024 - Jul 2024 |
Bear market2022 | -1.97%Jun 2022 | 8d | 1mo 1d | 1mo 9dJun 2022 - Jul 2022 |
Drawdown Indicators
| KAMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -56.78% | +50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -9.10% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -18.90% | +14.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -10.71% | +8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.03% | -1.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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