Since 1992, the Managed Income Strategy has delivered compelling risk-adjusted returns throughout various market cycles. During this period, the Strategy has been consistently ranked near the top of its Morningstar® peer group. The Managed Income Fund offers the same philosophy, approach, and process as the Managed Income Strategy within a Mutual Fund.
The Managed Income Fund seeks income. The Portfolio Manager uses a quantitative model, designed to recognize and measure consistent and repeating behavioral patterns in the financial markets to determine overall buy / sell decisions for the Fund. This Investment process seeks to recognize and select opportunities to allocate into potentially higher yielding securities when the signal is Risk-On and allocate to treasuries and government securities and cash equivalents when the signal is Risk-Off.
The Fund strives to provide investors the potential to participate in rising markets, while avoiding times of market decline and / or volatility.
There is no guarantee any investment strategy will generate a profit or prevent losses and there is no guarantee the Fund will achieve its investment objective. Please refer to the Fund's Risk Definitions for more information.
Most recent strategy returns, key statistics, exposures and holdings related data
Overview and track record of the Managed Income Strategy since 1992 that has been implemented into KAMIX
A Share | C Share | I Share | |||||
Ticker Symbol | KAMAX | KAMCX | KAMIX | ||||
CUSIP Number | 00771F723 | 00771F640 | 00771F715 | ||||
Minimum Investment1 | $1,000 | $1,000 | $25,000 |
1 Investment minimums are waived to fee-based advisors and certain other investors.
A Share | C Share | I Share | |
Management Fees | 1.25% | 1.25% | 1.25% |
Distribution and/or Service (12b-1) Fees | 0.25% | 1.00% | 0.00% |
Other Expenses2 | 0.27% | 0.30% | 0.34% |
Acquired Fund Fees and Expenses3 | 0.53% | 0.53% | 0.53% |
Total Annual Fund Operating Expenses | 2.30% | 3.08% | 2.12% |
Fee Waivers4 | (0.00)% | (0.00)% | (0.14)% |
Total Annual Fund Operating Expenses After Fee Waivers | 2.30% | 3.08% | 1.98% |
2 For Class A shares, other expenses may include shareholder service expenses that may include sub-transfer agent and sub-custodian fees.
3 Acquired Fund Fees and Expenses, are indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights, when issued, because the financial statements include only the direct operating expenses incurred by the Fund and does not include the indirect costs of investing in other investment companies.
4 Pursuant to an operating expense limitation agreement between the Fund and Advisers Preferred, LLC (the “Adviser”) and Kensington Asset Management LLC (the “Sub-Adviser”), the Adviser and Sub-Adviser have agreed to waive fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (excluding any brokerage fees and commissions, acquired fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary expenses such as litigation) do not exceed 1.45% of the average net assets Institutional Class shares, through April 30, 2022. The Adviser and Sub-Adviser are permitted to receive reimbursement from the Fund for fees waived and Fund expenses it paid, subject to the limitation that: (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed; and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the same time of the waiver of currently in effect, whichever is lower, to be exceeded.
KAMAX/KAMIX | KAMCX | |
Summary Prospectus | Download | Download |
Prospectus | Download | Download |
Statement of Additional Information (SAI) | Download | Download |
Annual Report | Download | Download |
Semi-Annual Report | Download | Download |
Mutual fund investing involves risk. Principal loss is possible.
Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
An investor should consider the risks, charges and expenses of the Managed Income Fund prior to investing. This and other information can be found in the prospectus and summary prospectus and should be read carefully. To obtain a prospectus and summary prospectus, please download from the Fund Documents table (above) or by calling 855.650.7453.
High portfolio turnover may result in higher transaction costs and higher taxes when fund shares are held in a taxable (non-qualified) account. Such costs are not reflected in annual Fund operating expenses and may affect the Fund’s performance. An investment in the Fund involves risk. There is no guarantee that the Fund will meet its investment objectives. Please see Fund Documents table above for complete information relating to risks and expenses of the Fund.
Risks associated with the Managed Income Fund include Principal Investment Risk, Junk Bond Risk, Bond Risk, Emerging Market Risk, Foreign Investment Risk, Loans Risk, No History of Operations Risk, Management Risk, Market Risk, Mutual Fund Risk, Non-Diversification Risk and Turnover Risk.
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Mutual fund investing involves risk. Principal loss is possible.
Past performance is no guarantee of future results. The investment return and principal value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
This website is for informational purposes only and should not be construed as a solicitation to buy or sell, or to invest in any investment product or strategy. Investing in securities markets involves risk and the degree of risk varies by the type of investment or strategy. For a complete list of the risks associated with each of our Strategies, please review the Strategy Brochure and Factsheet. Materials such as blog posts, newsletters or commentary may contain information deemed to be correct and appropriate at a given time but may not reflect our current views or opinions due to changing market conditions. No information provided on this website should be viewed as, or used as a substitute for individualized investment advice.
Advisory services offered through Kensington Asset Management, LLC.
Advisors Preferred, LLC is the adviser to the Managed Income Fund and the Dynamic Growth Fund, distributed by Ceros Financial Services, Inc. Member FINRA/SIPC. Advisors Preferred and Ceros are commonly held affiliates.
Kensington Asset Management, LLC is the adviser to the Active Advantage Fund, distributed by Quasar Distributors, LLC. Member FINRA/SIPC. Kensington Asset Management, LLC is not affiliated with Quasar.
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