Kensington Managed Income Fund (KAMIX)
The sub-adviser seeks to achieve the fund's investment objective by investing primarily in mutual funds that invest in income-producing securities. It may invest in junk bonds that are in default, subject to bankruptcy or reorganization. The fund's adviser does not select individual securities as a principal strategy, but rather employs a fund-of-funds approach that achieves exposure to income-producing securities through mutual funds. It is non-diversified.
Fund Info
| ISIN | US56167N3246 |
|---|---|
| CUSIP | 00771F715 |
| Issuer | Advisors Preferred |
| Inception Date | May 30, 2019 |
| Category | Nontraditional Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
KAMIX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KAMIX vs. ATESX, KAMIX vs. NTBIX, KAMIX vs. VWAHX, KAMIX vs. PONPX
Performance
Performance Chart
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.
Returns By Period
Kensington Managed Income Fund had a return of 4.34% year-to-date (YTD) and 8.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.34% | 25.48% |
| 1 month | 0.20% | 2.14% |
| 6 months | 3.93% | 12.76% |
| 1 year | 8.19% | 33.14% |
| 5 years (annualized) | 2.35% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of KAMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.30% | 0.30% | 1.11% | -1.62% | 0.10% | 0.29% | 1.55% | 1.02% | 1.22% | -0.71% | 4.34% | ||
| 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 | -0.76% | -0.19% | -0.38% | -0.19% | -0.19% | -3.85% | 2.80% | -3.21% | 0.03% | -0.70% | 0.30% | 0.21% | -6.11% |
| 2021 | 0.37% | 0.28% | 0.07% | 1.11% | 0.27% | 0.84% | 0.18% | 0.45% | -0.03% | -0.09% | -0.64% | -2.40% | 0.38% |
| 2020 | 0.10% | -0.39% | -2.48% | -0.20% | 0.61% | 1.67% | 3.17% | 1.35% | -0.32% | 0.19% | 2.77% | 1.51% | 8.14% |
| 2019 | 1.20% | 0.49% | 0.20% | -0.47% | 0.20% | 0.20% | 1.35% | 3.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KAMIX is 65, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Kensington Managed Income Fund (KAMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Kensington Managed Income Fund provided a 4.81% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.41 | $0.07 | $0.27 | $0.22 | $0.11 |
Dividend yield | 4.81% | 4.15% | 0.75% | 2.51% | 2.01% | 1.07% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.35 | |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.27 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.22 |
| 2019 | $0.03 | $0.00 | $0.00 | $0.08 | $0.11 |
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.
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 10.92%, occurring on Jul 6, 2023. The portfolio has not yet recovered.
The current Kensington Managed Income Fund drawdown is 1.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.92% | Sep 16, 2021 | 453 | Jul 6, 2023 | — | — | — |
| -4.45% | Feb 21, 2020 | 19 | Mar 18, 2020 | 86 | Jul 21, 2020 | 105 |
| -1.13% | Sep 3, 2020 | 15 | Sep 24, 2020 | 13 | Oct 13, 2020 | 28 |
| -1.1% | Feb 12, 2021 | 24 | Mar 18, 2021 | 14 | Apr 8, 2021 | 38 |
| -0.88% | Jan 23, 2020 | 3 | Jan 27, 2020 | 11 | Feb 11, 2020 | 14 |
Volatility
Volatility Chart
The current Kensington Managed Income Fund volatility is 0.85%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.