Key stats
About Kensington Hedged Premium Income ETF
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Inception date
Sep 3, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Kensington Asset Management LLC
Distributor
Quasar Distributors LLC
ISIN
US56167N1836
KHPIs core strategy involves purchasing other S&P 500 ETFs and implementing a monthly call option strategy for income and a quarterly put option strategy for downside protection. Using ETFs allows for dividends, while the use of index options provides preferred tax treatment. The fund is flexible in choosing S&P 500 ETFs and options, actively managing risk-to-reward ratios. Variations in market conditions, interest rates, and volatility will influence option costs and strategies. KHPI aims to balance premium income, downside protection, and upside potential for current income and capital appreciation. Expected performance includes outperformance when the S&P 500 is flat or declines due to monthly premiums, and underperformance when the S&P 500 rises due to the sacrifice of upside potential for reduced volatility and additional income.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
KHPI trades at 25.58 USD today, its price has risen 0.04% in the past 24 hours. Track more dynamics on KHPI price chart.
KHPI net asset value is 25.62 today — it's risen 1.05% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
KHPI assets under management is 190.29 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
KHPI price has risen by 0.31% over the last month, and its yearly performance shows a 0.63% increase. See more dynamics on KHPI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.05% over the last month, showed a 4.10% increase in three-month performance and has increased by 8.00% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.05% over the last month, showed a 4.10% increase in three-month performance and has increased by 8.00% in a year.
KHPI fund flows account for 174.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
KHPI invests in funds. See more details in our Analysis section.
KHPI expense ratio is 0.96%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, KHPI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, KHPI technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating KHPI shows the neutral signal. See more of KHPI technicals for a more comprehensive analysis.
Today, KHPI technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating KHPI shows the neutral signal. See more of KHPI technicals for a more comprehensive analysis.
Yes, KHPI pays dividends to its holders with the dividend yield of 8.81%.
KHPI trades at a premium (0.33%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
KHPI shares are issued by Kensington Asset Management LLC
KHPI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 3, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.