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Kensington Hedged Premium Income ETF (KHPI)

ETF overview

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.

CountryUnited States of America
ExchangeCBOE
Trades inUSD
Current price
26.26 USD+0.34%
Close 21 Oct 2026
Interval
Benchmarks

Fund facts

Expense ratio
0.98%
Fund assets
453.89M USD (all share classes)
Issuer
Kensington
Inception date
Sep 4, 2024
Number of holdings
6

Breakdown

Holdings (6)

NameTickerWeight
Vanguard S&P 500 ETFVOO98.56%
SPX 12/18/2026 7267.98 P1.05%
US BANK MMDA - USBGFS 9 09/01/20370.79%
SPX 11/20/2026 7889.22 C0.57%
SPX 12/18/2026 6120.4 P-0.26%
SPX 11/20/2026 7659.44 C-2.02%

Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

Kensington Hedged Premium Income ETF (KHPI)

KHPI · CBOE
26.26 USD+0.34%
Sign up to track this ETF
Benchmarks
Fund facts
Expense ratio
0.98%
Fund assets
453.89M USD (all share classes)
Issuer
Kensington
Inception date
Sep 4, 2024
Number of holdings
6
Breakdown
Holdings (6)
NameTickerWeight
Vanguard S&P 500 ETFVOO98.56%
SPX 12/18/2026 7267.98 P1.05%
US BANK MMDA - USBGFS 9 09/01/20370.79%
SPX 11/20/2026 7889.22 C0.57%
SPX 12/18/2026 6120.4 P-0.26%
SPX 11/20/2026 7659.44 C-2.02%
ETF overview

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.

CountryUnited States of America
Trades inUSD
Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

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