KAMIX: Kensington Managed Income Fund

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KAMIX Kensington Managed Income Fund


Profile

KAMIX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $61.6 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.33
$10.00
$10.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000
  • IRA $25,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Kensington Managed Income Fund
  • Fund Family Name
    Advisors Preferred
  • Inception Date
    May 31, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bruce DeLaurentis

Fund Description

The fund seeks to achieve its 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.


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Categories

Performance

KAMIX - Performance

Return Ranking - Trailing

Period KAMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -2.5% 3.2% 20.73%
1 Yr N/A -10.7% 9.7% N/A
3 Yr N/A* -5.9% 5.2% N/A
5 Yr N/A* -3.4% 2.6% N/A
10 Yr N/A* -3.4% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period KAMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.4% 12.4% N/A
2018 N/A -9.5% 3.1% N/A
2017 N/A -12.3% 9.4% N/A
2016 N/A -2.8% 10.7% N/A
2015 N/A -11.1% 4.8% N/A

Total Return Ranking - Trailing

Period KAMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -2.5% 3.2% 20.73%
1 Yr N/A -10.5% 9.7% N/A
3 Yr N/A* -4.3% 5.2% N/A
5 Yr N/A* -3.4% 5.1% N/A
10 Yr N/A* -3.4% 5.3% N/A

* Annualized

Total Return Ranking - Calendar

Period KAMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.0% 12.6% N/A
2018 N/A -9.2% 8.0% N/A
2017 N/A -3.1% 15.2% N/A
2016 N/A -2.8% 17.7% N/A
2015 N/A -10.1% 5.4% N/A

NAV & Total Return History


Holdings

KAMIX - Holdings

Concentration Analysis

KAMIX Category Low Category High KAMIX % Rank
Net Assets 61.6 M 2.74 M 34.5 B 83.87%
Number of Holdings N/A 9 4894 N/A
Net Assets in Top 10 N/A -4.07 B 11.3 B N/A
Weighting of Top 10 N/A 8.3% 949.0% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High KAMIX % Rank
Stocks
0.00% -43.16% 18.21% N/A
Preferred Stocks
0.00% 0.00% 19.94% N/A
Other
0.00% -13.23% 111.61% N/A
Convertible Bonds
0.00% -1.28% 105.59% N/A
Cash
0.00% -262.70% 67.20% N/A
Bonds
0.00% 0.01% 367.71% N/A

Expenses

KAMIX - Expenses

Operational Fees

KAMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.20% 10.86% N/A
Management Fee 1.25% 0.00% 2.15% 93.31%
12b-1 Fee 0.00% 0.00% 1.00% 14.43%
Administrative Fee N/A 0.03% 52000.00% N/A

Sales Fees

KAMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 6.50% 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 0.40% 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% 2337.00% N/A

Distributions

KAMIX - Distributions

Dividend Yield Analysis

KAMIX Category Low Category High KAMIX % Rank
Dividend Yield 0.31% 0.00% 4.00% 78.12%

Dividend Distribution Analysis

KAMIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

KAMIX Category Low Category High KAMIX % Rank
Net Income Ratio N/A -0.23% 6.40% N/A

Capital Gain Distribution Analysis

KAMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

KAMIX - Fund Manager Analysis

Managers

Bruce DeLaurentis


Start Date

Tenure

Tenure Rank

May 31, 2019

0.67

0.7%

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 in Dallas, Texas. 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 1984-87. Mr. DeLaurentis became registered as an Investment Advisors Representative with Advisors Preferred, LLC in February 2018. Mr. DeLaurentis also edited and published The Prudent Bond Investor from 1990 to 1991, a newsletter for fixed-income investors, which provided investment advice based on a quantitative allocation model for Treasury, investment-grade corporate, municipal and GNMA securities. Starting in 1992, he shifted focus to high-yield corporate bonds using separately managed accounts. He is a founding member of NAAIM (National Association of Active Investment Managers). 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 in 1967-68, he served as an instructor pilot. Mr. DeLaurentis is currently an Investment Advisor Representative with AtCap Partners, LLC and is the Portfolio Manager of the KA Managed Income since inception.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 25.1 5.31 1.52