The Managed Income Fund strives to provide investors the potential to participate in rising markets, while avoiding times of market decline and / or volatility.
Performance (Net of Fees)
as of 9/30/2022
|QTD||YTD||1 YR||3 YR||SINCE INCEPTION|
|Bloomberg U.S. Aggregate Bond Index||-4.75%||-14.61%||-14.60%||-3.26%||-1.79%|
|ICE BofAML U.S. High Yield Master II (LOC) Index||-0.68%||-14.62%||-14.06%||-0.67%||0.37%|
Growth of $10,000 (Net of Fees)
Past performance does not guarantee future results. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.
Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of any dividend or capital gains distributions. To obtain performance data current to the most recent month-end please call 866.303.8623.
The Bloomberg U.S. Aggregate Bond Index is an unmanaged index comprised of U.S. Investment grade, fixed rate bond market securities, including government agency, corporate and mortgage-backed securities. Index returns assume reinvestment of dividends.
The ICE BofAML U.S. High Yield Master II (LOC) Index tracks the performance of U.S. dollar denominated below investment grade rated corporate debt publicly issued in the U.S. domestic market. To qualify for inclusion in the index, securities must have a below investment grade rating (based on an average of Moody's, S&P, and Fitch) and an investment grade rated country of risk (based on an average of Moody's, S&P, and Fitch foreign currency long term sovereign debt ratings). Each security must have greater than 1 year of remaining maturity, a fixed coupon schedule, and a minimum amount outstanding of $100 million.
Investors may not invest in an index directly; unlike the Fund's returns, an index does not reflect any fees or expenses.
Most recent 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
View the Managed Income Fund on public Morningstar web site
|A Share||C Share||I Share|
|Distribution and/or Service (12b-1) Fees2||0.25%||1.00%||0.00%|
|Acquired Fund Fees and Expenses4||0.47%||0.47%||0.47%|
|Total Annual Fund Operating Expenses||2.07%||2.82%||1.82%|
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.
|Statement of Additional Information (SAI)||Download|
*These are reports of the Predecessor Funds which reorganized into the Funds.
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.
Investors should consider the investment objectives, risks, charges and expenses of the Managed Income Fund before investing. This information can be found in the Fund's prospectus which should be read carefully. There is no guarantee the Fund will achieve its investment objectives. There is no guarantee any investment strategy will generate a profit or prevent a loss.
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 the Fund Document tab on the website for complete information relating to risks and expenses of the Fund.
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.
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.