Kensington Managed Income Fund
Name
As of 12/05/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.8%
1 yr return
1.9%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
N/A
Net Assets
$825 M
Holdings in Top 10
156.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
$25,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/05/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
KAMIX - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.54%
- Dividend Yield 5.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameKensington Managed Income Fund
-
Fund Family NameAdvisors Preferred
-
Inception DateMay 28, 2019
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce DeLaurentis
Fund Description
KAMIX - Performance
Return Ranking - Trailing
Period | KAMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -10.0% | 17.6% | 87.28% |
1 Yr | 1.9% | -12.5% | 17.0% | 84.33% |
3 Yr | -1.3%* | -17.9% | 17.8% | 66.72% |
5 Yr | N/A* | -12.2% | 14.1% | N/A |
10 Yr | N/A* | -13.0% | 6.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | KAMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -6.8% | -31.8% | 18.4% | 18.29% |
2021 | -2.0% | -26.6% | 25.7% | 63.10% |
2020 | 5.8% | -49.2% | 18.7% | 11.93% |
2019 | N/A | -35.1% | 15.3% | N/A |
2018 | N/A | -48.0% | 3.4% | N/A |
Total Return Ranking - Trailing
Period | KAMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -10.0% | 17.6% | 87.28% |
1 Yr | 1.9% | -12.5% | 17.0% | 84.33% |
3 Yr | -1.3%* | -17.9% | 17.8% | 66.72% |
5 Yr | N/A* | -12.2% | 14.1% | N/A |
10 Yr | N/A* | -13.0% | 6.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | KAMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2022 | -6.1% | -31.8% | 21.1% | 30.88% |
2021 | -0.1% | -13.5% | 49.9% | 79.22% |
2020 | 8.1% | -28.6% | 24.1% | 21.51% |
2019 | N/A | -4.8% | 19.1% | N/A |
2018 | N/A | -37.3% | 8.0% | N/A |
NAV & Total Return History
KAMIX - Holdings
Concentration Analysis
KAMIX | Category Low | Category High | KAMIX % Rank | |
---|---|---|---|---|
Net Assets | 825 M | 2.32 M | 127 B | 42.77% |
Number of Holdings | 10 | 2 | 11525 | 93.87% |
Net Assets in Top 10 | 1.47 B | -1.57 B | 54.9 B | 12.26% |
Weighting of Top 10 | 156.81% | 0.8% | 178.3% | 0.45% |
Top 10 Holdings
- US BANK MMDA - USBGFS 9 99.42%
- SPDR Bloomberg High Yield Bond ETF 11.95%
- iShares iBoxx High Yield Corporate Bond ETF 10.47%
- iShares Broad USD High Yield Corporate Bond ETF 9.02%
- iShares 0-5 Year High Yield Corporate Bond ETF 6.00%
- Xtrackers USD High Yield Corporate Bond ETF 5.99%
- iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF 4.97%
- VanEck Fallen Angel High Yield Bond ETF 3.02%
- Invesco Senior Loan ETF 3.00%
- SPDR Blackstone Senior Loan ETF 2.99%
Asset Allocation
Weighting | Return Low | Return High | KAMIX % Rank | |
---|---|---|---|---|
Cash | 99.42% | -94.66% | 258.91% | 1.17% |
Stocks | 57.39% | -4.16% | 102.94% | 7.88% |
Preferred Stocks | 0.00% | 0.00% | 33.27% | 74.74% |
Other | 0.00% | -57.67% | 102.97% | 83.21% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | 92.37% |
Bonds | 0.00% | -150.81% | 194.41% | 94.31% |
Stock Sector Breakdown
Weighting | Return Low | Return High | KAMIX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 35.33% |
Technology | 0.00% | 0.00% | 29.61% | 15.56% |
Real Estate | 0.00% | 0.00% | 100.00% | 37.11% |
Industrials | 0.00% | 0.00% | 100.00% | 38.44% |
Healthcare | 0.00% | 0.00% | 100.00% | 14.89% |
Financial Services | 0.00% | 0.00% | 100.00% | 51.56% |
Energy | 0.00% | 0.00% | 100.00% | 30.22% |
Communication Services | 0.00% | 0.00% | 100.00% | 20.44% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 12.44% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 7.56% |
Basic Materials | 0.00% | 0.00% | 100.00% | 23.56% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | KAMIX % Rank | |
---|---|---|---|---|
US | 57.39% | -4.01% | 102.94% | 7.88% |
Non US | 0.00% | -0.15% | 17.73% | 61.75% |
KAMIX - Expenses
Operational Fees
KAMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.45% | 0.01% | 18.79% | 38.72% |
Management Fee | 1.25% | 0.00% | 2.29% | 92.32% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.08% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
KAMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
KAMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
KAMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 632.00% | 89.93% |
KAMIX - Distributions
Dividend Yield Analysis
KAMIX | Category Low | Category High | KAMIX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.35% | 0.00% | 17.27% | 61.36% |
Dividend Distribution Analysis
KAMIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
KAMIX | Category Low | Category High | KAMIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.54% | -1.55% | 11.51% | 64.99% |
Capital Gain Distribution Analysis
KAMIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 29, 2022 | $0.013 | OrdinaryDividend |
Sep 29, 2021 | $0.077 | OrdinaryDividend |
Jun 29, 2021 | $0.082 | OrdinaryDividend |
Mar 30, 2021 | $0.058 | OrdinaryDividend |
Sep 29, 2020 | $0.053 | OrdinaryDividend |
Jun 29, 2020 | $0.015 | OrdinaryDividend |
Mar 30, 2020 | $0.036 | OrdinaryDividend |
Dec 23, 2019 | $0.077 | OrdinaryDividend |
Sep 27, 2019 | $0.032 | OrdinaryDividend |
KAMIX - Fund Manager Analysis
Managers
Bruce DeLaurentis
Start Date
Tenure
Tenure Rank
May 31, 2019
3.0
3.0%
Mr. DeLaurentis’ investment experience began in 1969 as an active trader and student of the stock market. In 1977 he became a registered representative with Underwood, Neuhaus & Co. in Dallas, TX. He adopted the Kensington name in 1984. The firm specializes in developing quantitative decision models that apply to the equity and fixed income markets and has licensed these models to a variety of financial firms over the years. Kensington received the highest national ranking for equity market performance by MoniResearch Newsletter, an independent rating service, for the period 1984 to 1987. Starting in 1992, he shifted focus to high-yield corporate bonds using separately managed accounts. He is a founding member of The National Association of Active Investment Managers (NAAIM). Since 1992, Mr. DeLaurentis has guided the Kensington Managed Income program through two major bear markets, 2000 to 2002, and 2007 to 2009 with positive outcomes in both instances. Over that time, Managed Income has compiled one of the best track records in the U.S. for a tactical high-yield bond strategy. All of the quantitative/mathematical algorithms that drive Managed Income were created by Mr. DeLaurentis who is now broadening the product suite at Kensington. The new product suite includes several equity products along with the firm’s fixed-income offerings. Mr. DeLaurentis is spearheading a new growth cycle at Kensington which entails moving the company onto an array of institutional platforms so that a broader cross-section of the investment community will be able to access Kensington’s elite risk-mitigated outcomes. He attended the Massachusetts Institute of Technology and graduated in 1975 from Hofstra University in New York with a bachelor’s degree in economics. He was a chief warrant officer in the U.S. Army and served as a helicopter pilot. Following a tour in Vietnam from 1967 to 1968, he served as an instructor pilot. Mr. DeLaurentis is currently an Investment Advisor Representative with Advisors Preferred, LLC.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |