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ISIN
US56167N3246
CUSIP
00771F715
Inception Date
May 30, 2019
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.52%0.41%-1.49%1.79%0.62%0.10%1.93%
20251.85%-0.20%-1.93%-1.96%1.26%1.95%0.31%1.14%0.81%0.10%0.41%0.57%4.32%
20240.31%0.30%1.11%-1.62%0.10%0.29%1.55%1.02%1.22%-0.71%1.32%-0.56%4.38%
20230.20%-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
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.


KAMIX Risk / Return Rank: 6666
Overall Rank
KAMIX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
KAMIX Sortino Ratio Rank: 7272
Sortino Ratio Rank
KAMIX Omega Ratio Rank: 7373
Omega Ratio Rank
KAMIX Calmar Ratio Rank: 5353
Calmar Ratio Rank
KAMIX Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


KAMIXBenchmarkDifference
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.


1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.10$0.20$0.30$0.40$0.502022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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 25d7mo 29d
1y 6moAug 2022 - Mar 2024
2025 selloff2025
-4.35%Apr 2025
2mo4mo 11d
6mo 11dFeb 2025 - Aug 2025
2026 pullback2026
-2.55%Mar 2026
29d18d
1mo 17dFeb 2026 - Apr 2026
2024 pullback2024
-2.02%May 2024
2mo 2d1mo 18d
3mo 20dMar 2024 - Jul 2024
Bear market2022
-1.97%Jun 2022
8d1mo 1d
1mo 9dJun 2022 - Jul 2022

Drawdown Indicators


KAMIXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.10%

-1.80%

+1.70%

Average Drawdown

Average peak-to-trough decline

-2.13%

-10.71%

+8.58%

Ulcer Index

Depth 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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Portfolio Analyzer

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Add Kensington Managed Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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