Managed Income Fund Materials

The Managed Income Fund ("Fund") seeks income.

Managed Income Fund Materials


Quarterly Fact Sheet

Most recent returns, key statistics, exposures and holdings related data


Managed Income Strategy

Overview and track record of the Managed Income Strategy since 1992 that has been implemented into KAMIX


Morningstar Page

View the Managed Income Fund on public Morningstar web site

Fund Information

    A Share C Share I Share      
Ticker Symbol   KAMAX KAMCX KAMIX      
CUSIP Number   56167N332 56167N316 56167N324      
Minimum Investment1   $1,000 $1,000 $25,000      

1 Investment minimums are waived to fee-based advisors and certain other investors.

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Fund Operating Expenses

  A Share C Share I Share
Management Fees 1.25%  1.25%  1.25%
Distribution and/or Service (12b-1) Fees2 0.25%  1.00%  0.00%
Other Expenses3 0.13% 0.13% 0.13%
Acquired Fund Fees and Expenses4 0.07% 0.07% 0.07%
Total Annual Fund Operating Expenses 1.70% 2.45% 1.45%
Fee Waivers* -0.03% -0.03% -0.03%
Total Annual Fund Operating Expenses after Fee Waivers 1.67% 2.42% 1.42%

2 The Fund's distributor may advance to, or reimburse, the Fund 1.00% of the purchase price in connection with 12b-1 fees advanced to authorized broker-dealers on purchases of Class C shares. However, when the distributor makes such a payment, the respective Class C shares are subject to a 1.00% contingent deferred sales charge ("CDSC") payable to the distributor on shares redeemed prior to the first 12 months after their purchase. Shareholders will be notified at the time of purchase if the shares purchased are subject to this CDSC.

3 Other Expenses have been restated to reflect current fees.

4 Acquired Fund Fees and Expenses are indirect costs of investing in other companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund and not the indirect costs of investing in other investment companies.

*Fee waiver pursuant to an operating expense limitation agreement in effect through at least June 30, 2024.

Fund Documents

Summary Prospectus Download
Prospectus Download
Statement of Additional Information (SAI) Download
Annual Report Download
Semi-Annual Report Download
Fund Holdings (03/31/2023) Download
Fund Holdings (09/30/2023) Download

Investing in a mutual fund involves risk, including loss of principal. Risks specific to the Managed Income Fund are detailed in the prospectus and include Management Risk, High-Yield Bond Risk, Fixed-Income Securities Risk, Foreign Investment Risk, Loans Risk, Market Risk, Underlying Funds Risk, Non-Diversification Risk, Turnover Risk, U.S. Government Securities Risk, LIBOR Risk, Models and Data Risk, Derivatives Risk, Futures Contract Risk, Credit Default Swap Agreement Risk, Options Risk, Short Sale Risk, Leverage Risk.

For details regarding each risk, please see the Fund's prospectus. Kensington Asset Management, LLC is the adviser to the Managed Income Fund, distributed by Quasar Distributors, LLC. Member FINRA/SIPC. Kensington Asset Management, LLC is not affiliated with Quasar.