Morningstar

Kensington Managed Income Fund Class A Shares KAMAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Kensington Asset Management Investment Hub
  • NAV / 1-Day Return$9.30  /  −0.11%
  • Fund Size$724.5M
  • Adjusted Expense Ratio1.890%
  • Net Expense Ratio1.600%
  • Fee Level: DistributionAbove Average
  • Share Class TypeFront Load
  • Morningstar CategoryNontraditional Bond
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$1,000
  • Investment StatusOpen
  • TTM Yield5.01%
  • Average Effective Duration3.06 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis KAMAX

Will KAMAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KAMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KAMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of KAMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Kensington Managed Income A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings KAMAX

More KAMAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings87.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American Funds American High-Inc F-3

20.13147M
—

State Street® SPDR® Port Hi Yld Bd ETF

10.4876M
—

iShares Broad USD High Yield Corp Bd ETF

10.1574M
—

Manning & Napier High Yield Bond Z

9.1266M
—

Fidelity Capital & Income

7.6756M
—

BlackRock High Yield K

6.7549M
—

MML Barings High Yield I

6.7349M
—

Xtrackers USD High Yield Corp Bd ETF

6.1245M
—

PIMCO Multisector Bond Active ETF

5.3739M
—

VanEck Fallen Angel HiYld Bd ETF

4.7535M
—

Sponsor Center

Site Index
United States Flag United States

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.