Managed Income Fund (KAMIX)

Since 2008, 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.

• The quantitative model seeks to determine overall buy / sell decisions by analyzing a variety of bond and equity data inputs on a daily basis
• Established process seeks to select the best opportunities to allocate into higher yielding securities
• The efficiency and effectiveness of the model is constantly monitored in response to changing economic and market environments

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.