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.
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)
| Name | Ticker | Weight |
|---|---|---|
| Vanguard S&P 500 ETF | VOO | 98.56% |
| SPX 12/18/2026 7267.98 P | 1.05% | |
| US BANK MMDA - USBGFS 9 09/01/2037 | 0.79% | |
| SPX 11/20/2026 7889.22 C | 0.57% | |
| SPX 12/18/2026 6120.4 P | -0.26% | |
| SPX 11/20/2026 7659.44 C | -2.02% |
Similar ETFs
- Overlay Shares Large Cap Equity ETFOVL · Overlap 99% · Expense ratio 0.79%
- TappAlpha SPY Growth & Daily Income ETFTSPY · Overlap 99% · Expense ratio 0.71%
- Innovator U.S. Equity Ultra Buffer ETF - JulyUJUL · Overlap 99% · Expense ratio 0.79%
- Innovator Equity Defined Protection ETFJAJL · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity Ultra Buffer ETF - AugustUAUG · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity Ultra Buffer ETF OctoberUOCT · Overlap 99% · Expense ratio 0.79%
- Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr JulyZJUL · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity 5 to 15 Buffer ETFEALT · Overlap 99% · Expense ratio 0.69%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.98%
- Fund assets
- 453.89M USD (all share classes)
- Issuer
- Kensington
- Inception date
- Sep 4, 2024
- Number of holdings
- 6
| Name | Ticker | Weight |
|---|---|---|
| Vanguard S&P 500 ETF | VOO | 98.56% |
| SPX 12/18/2026 7267.98 P | 1.05% | |
| US BANK MMDA - USBGFS 9 09/01/2037 | 0.79% | |
| SPX 11/20/2026 7889.22 C | 0.57% | |
| SPX 12/18/2026 6120.4 P | -0.26% | |
| SPX 11/20/2026 7659.44 C | -2.02% |
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.
- Overlay Shares Large Cap Equity ETFOVL · Overlap 99% · Expense ratio 0.79%
- TappAlpha SPY Growth & Daily Income ETFTSPY · Overlap 99% · Expense ratio 0.71%
- Innovator U.S. Equity Ultra Buffer ETF - JulyUJUL · Overlap 99% · Expense ratio 0.79%
- Innovator Equity Defined Protection ETFJAJL · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity Ultra Buffer ETF - AugustUAUG · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity Ultra Buffer ETF OctoberUOCT · Overlap 99% · Expense ratio 0.79%
- Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 1 Yr JulyZJUL · Overlap 99% · Expense ratio 0.79%
- Innovator U.S. Equity 5 to 15 Buffer ETFEALT · Overlap 99% · Expense ratio 0.69%
Overlap is the share of assets the two funds hold in common.
Unlock all ETF data
Sign up for FreeUnlock all ETF data
Sign up for Free