KHPI Kensington Hedged Premium Income ETF
Quote as of Nov 02, 2026 21:00 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 25.76 | Day Range | 25.68 – 25.91 |
| 52-Week Range | 23.95 – 26.55 | Volume | 105.72K |
| Avg Volume | 90.26K | AUM | $454.6M (Nov 03, 2026) |
| Expense Ratio | 0.98% | Yield (TTM) | 9.02% |
| NAV | 25.73 | Premium/Discount | -0.12% indicative |
| Inception | Sep 04, 2024 | Holdings | 7 |
| Issuer | Kensington | Exchange | CBOE |
| Category | Covered Call | Index Tracked | S&P 500 |
| CUSIP | 56167N183 | ISIN | US56167N1836 |
| Structure | Currency Hedged Option Income | ||
| Management | Not stated in source data | ||
About this ETF
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.
Description from the fund data provider · profile as of Nov 03, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.96% | -1.42% | +0.23% | +0.16% | -1.04% | — | — | — | +1.34% |
| Total return | -0.23% | +0.82% | +4.86% | +7.98% | +8.30% | — | — | — | +10.95% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Nov 02, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.98% | Annual cost of a $10,000 investment | $98.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 31, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 7 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard S&P 500 ETF | VOO | 100.31% | 656.26K | $456.0M |
| 2 | SPX 12/18/2026 7267.98 P | — | 1.11% | 598 | $5.1M |
| 3 | US BANK MMDA - USBGFS 9 09/01/2037 | — | 0.55% | 2.49M | $2.5M |
| 4 | SPX 11/20/2026 7889.22 C | — | 0.16% | 598 | $717.9K |
| 5 | SPX 12/18/2026 6120.4 P | — | -0.21% | -598 | -$963.8K |
| 6 | Cash & Other | — | -0.84% | -3.80M | -$3.8M |
| 7 | SPX 11/20/2026 7659.44 C | — | -1.08% | -598 | -$4.9M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: Yes (per fund name).
Distributions
| Yield (TTM) | 9.02% | Paid (last 12 months) | $2.3188 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 30, 2026 | Last payment | $0.1960 (Nov 02, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 30, 2026 | Oct 30, 2026 | Nov 02, 2026 | $0.1960 |
| Sep 30, 2026 | Sep 30, 2026 | Oct 01, 2026 | $0.1951 |
| Aug 31, 2026 | Aug 31, 2026 | Sep 01, 2026 | $0.1955 |
| Jul 31, 2026 | Jul 31, 2026 | Aug 03, 2026 | $0.1931 |
| Jun 30, 2026 | Jun 30, 2026 | Jul 01, 2026 | $0.1927 |
| May 29, 2026 | May 29, 2026 | Jun 01, 2026 | $0.1961 |
| Apr 30, 2026 | Apr 30, 2026 | May 01, 2026 | $0.1924 |
| Mar 31, 2026 | Mar 31, 2026 | Apr 01, 2026 | $0.1806 |
| Feb 27, 2026 | Feb 27, 2026 | Mar 02, 2026 | $0.1940 |
| Jan 30, 2026 | Jan 30, 2026 | Feb 02, 2026 | $0.1941 |
| Dec 31, 2025 | Dec 31, 2025 | Jan 02, 2026 | $0.1942 |
| Nov 28, 2025 | Nov 28, 2025 | Dec 01, 2025 | $0.1949 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 7.32% / — | Sharpe 1Y / 3Y | 0.593 / — |
| Max drawdown 1Y / 3Y | -6.56% / — | Sortino 1Y | 0.862 |
| Beta vs S&P 500 (3Y) | 0.503 | Correlation vs S&P 500 (1Y) | 0.891 |
| Downside deviation 1Y | 5.04% | Risk-free rate used | 3.99% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Nov 03, 2026. Formulas →
Liquidity
| Volume today | 105.72K | Average volume | 90.26K |
| AUM | $454.6M | Premium/Discount | -0.12% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $5.9M | +1.28% | $457.6M → $454.6M |
| 1 Month | $20.2M | +4.62% | $438.6M → $454.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for KHPI
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.