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Launched · SEC filings

Kensington Credit Opportunities ETF

KAMOCboeKensingtonC

$23.89−0.06 (−0.25%)

As of Nov 2, 2026, 3:59 PM ET

C53/ 100

Rank 25 of 46 in Tactical Allocation

C53/100Rank 25 of 46inTactical Allocation
Intraday session: down, 73 prints from 23.95 to 23.89. Range 23.89 to 23.98. Use the arrow keys to read each point.23.9023.9223.9423.9810 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$107M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
6
Avg volume · 30D
23.4K sh
52W range
low $23.80high $25.24
Launched
Filings
SEC EDGAR

The ETF.net KAMO Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
Tactical Allocation⁠
Rank
25 of 46
Six-pillar profile for KAMO. Scores out of 100: Cost 53, Risk 55, Mission not scored, Tradability 78, Holdings 13, Durability 58. Strongest: Tradability (78). Weakest: Holdings (13). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 21 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 21 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 4 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F13 out of 100
    Rank 42 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 24 of 46

Our read on KAMO

ETF.net Research

In short

CMost bond funds can only buy bonds. KAMO runs a quantitative credit strategy that takes long or short positions across global fixed income, dialing duration and credit risk up or down, and it charges a bit less than the typical tactical fund.

Stated mandate

The Fund seeks income and capital appreciation through an actively managed, quantitative fixed-income strategy that takes long or short positions across credit and other fixed-income segments while managing duration and credit risk.

Why people hold it

  • The mandate is unusual for a bond ETF: long or short positions across credit and other fixed-income segments, with duration and credit risk actively managed instead of pinned to an index.
  • 0.92% a year, just under the 0.95% median for its tactical multi-asset cohort.
  • Pays quarterly, and the stated aim is income plus capital appreciation, not price return alone.
  • Stands in the upper half of its tactical peer group on our review.

Worth knowing

  • Launched in December 2025, so the live record is short and any read on how the model behaves through a full credit cycle rests on limited history.
  • It does not trade heavily. Limit orders and mid-session trading help keep spread costs in check.
  • 0.92% is a real fee in absolute terms, and a book that can sit long or short will behave differently from a plain bond index.

KAMO Holdings

Holdings pillarF13 out of 100Rank 42 of 43 in Tactical Allocation
Asset class
Bonds
Holdings
6
Top-10 weight
123%
Largest holding
SPHY88.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1SPHYState Street SPDR Portfolio High Yield Bond Index ETF87.95%3,401,472$76.4M17
2JAAAJanus Henderson AAA CLO ETF28.11%484,033$24.4M16
3FLBLFranklin Senior Loan ETF5.94%225,985$5.16M4
4No dataCash & Other0.82%713,858$714K609
5USHYiShares Broad USD High Yield Corporate Bond ETF0.43%10,421$370K9
6No dataUs Bank Mmda - Usbgfs 9 09/01/2037<0.01%1,017$1.02K163

Showing 1–6 of 6 holdings

KAMO Performance

Launched Dec 16, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
KAMO$9,838
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. KAMO $9,838. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for KAMO. Periods over one year show the average yearly return.
PeriodKAMO
Year to date−1.6%
1 month+0.3%
3 months−1.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KAMO
YearReturn barKAMO
2026 YTD−1.6%
2025+0.4%

History from Dec 17, 2025

KAMO in the news

KAMO Dividends

Last payment
$0.29 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 31, 2025 $0.07; Mar 31, 2026 $0.21; Jun 30, 2026 $0.17; Sep 30, 2026 $0.29. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 1, 2026$0.29
Jun 30, 2026Jul 1, 2026$0.17
Mar 31, 2026Apr 1, 2026$0.21
Dec 31, 2025Jan 2, 2026$0.07

KAMO Risk

Risk pillarB55 out of 100Rank 21 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KAMO Cost

Compare KAMO and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$12,815

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KAMO 0.92%

    $17,373

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • KAMO 0.92%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KAMO $17,373ENDW $4,558

Year by year

YearKAMOENDWOverpaying
10$1,627$401$1,226
20$6,138$1,561$4,577
30$17,373$4,558$12,815

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