Fund Performance

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

  Annualized Return
  QTD YTD 1 YR 3 YR SINCE INCEPTION
KAMIX -0.47% -5.92% -8.03% 1.59% 1.85%
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)


KAMIX

 

Disclosures

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.

Managed Income Fund Materials

KAM-shield-50x50

Quarterly Fact Sheet

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

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Managed Income Strategy

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

KAM-shield-50x50

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 0.10% 0.10% 0.10%
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.

Fund Documents

  KAMIX/KAMAX/KAMCX
Summary Prospectus Download
Prospectus Download
Statement of Additional Information (SAI) Download
Annual Report* Download
Semi-Annual Report* Download