# Portfolio overlap — KAMIX vs FPIOX Comparing **Kensington Managed Income Fund** (2026-03-31) and **Strategic Advisers Income Opportunities Fund** (2026-02-28). - Shared positions: 2 - Kensington Managed Income Fund covered by Strategic Advisers Income Opportunities Fund: 0.1344172079638296728006259312 - Strategic Advisers Income Opportunities Fund covered by Kensington Managed Income Fund: 0.1344172079638296728006259312 ## Kensington Managed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | American High-Income Trust - Class F-3 | 0.194764 | | | Mount Vernon Liquid Assets Portfolio, LLC | 0.100414 | | | iShares Broad USD High Yield Corporate Bond ETF | 0.098078 | | | STATE STREET SPDR PORTFOLIO HI SS SPDR P HIGH YIELD ETF | 0.093676 | | | Manning & Napier High Yield Bond Series | 0.082313 | | | Fidelity Capital & Income Fund | 0.069862 | ✓ | | BlackRock High Yield Portfolio | 0.064556 | ✓ | | PIMCO MULTISECTOR BOND ACTV MUTUAL FUND | 0.056859 | | | XTRACKERS USD HIGH YIELD CORPORATE BOND ETF CL USD INC 0.00000000 | 0.052131 | | | V/E F ANGL HI YL | 0.045883 | | | MSSMTL-H/Y-I | 0.037293 | | | Victory Pioneer Strategic Income Fund | 0.032699 | | | Transamerica High Yield Bond | 0.031765 | | | Janus Henderson Securitized Income ETF | 0.017499 | | | Nuveen Strategic Income Fund | 0.011372 | | | John Hancock High Yield ETF | 0.004881 | | | US BANK MMDA - USBGFS 9 | 0.003911 | | | Nuveen Securitized Income ETF | 0.001616 | | | BONDBLOXX CCC-RATED USD HIGH YIELD CORPORATE BOND ETF CL USD INC 0.00000000 | 0.000428 | | ## Strategic Advisers Income Opportunities Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Artisan High Income Investor | 0.128942 | | | Fidelity Capital & Income Fund | 0.116828 | ✓ | | BlackRock High Yield Portfolio | 0.114734 | ✓ | | Eaton Vance Income Fund of Boston A | 0.058692 | | | Vanguard High-Yield Corporate Fund, Class Admiral shares | 0.043420 | | | NYLI MacKay High Yield Corporate Bd Cl A | 0.038116 | | | Fidelity Securities Lending Cash Central Fund | 0.014672 | | | State Street Navigator Securities Lending Portfolio II | 0.008258 | | | Fidelity Cash Central Fund | 0.006214 | | | SANCHEZ TERM 1LN DIP 12/31/2055 | 0.005399 | | | US TREASURY N/B | 0.004284 | | | Cloud Software Group Inc | 0.002820 | | | Carvana Co. | 0.002367 | | | EchoStar Corp | 0.002255 | | | 1261229 BC Ltd | 0.002117 | | | Level 3 Financing, Inc. | 0.001972 | | | QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375 | 0.001968 | | | US TREASURY N/B | 0.001960 | | | ENTG 5.95 06/15/30 144A | 0.001843 | | | Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC 10.00 01/15/2031 | 0.001781 | | | UVN 8.5 07/31/31 144A | 0.001765 | | | MEDLINE BORROWER/MEDL CO SR SECURED 144A 04/29 6.25 | 0.001755 | | | CORPBOND | 0.001689 | | | Venture Global LNG, Inc. | 0.001688 | | | TEP 6 09/01/31 144A | 0.001679 | | | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | 0.001626 | | | CVS Health Corp. | 0.001609 | | | T/L RADIATE HOLDCO LLC REGD 0.00000000 | 0.001591 | | | McAfee Corp | 0.001538 | | | Vistra Operations Co. LLC | 0.001519 | | | CRGYFN 7 3/8 01/15/33 | 0.001409 | | | Vistra Corp., Series C | 0.001404 | | | ALLIANT HOLDINGS INTERMEDIATE SR UNSECURED 144A 10/32 7.375 | 0.001396 | | | TLN 8.625 06/01/30 144A | 0.001394 | | | DIGICEL LTD PFD PERP | 0.001371 | | | Jane Street Group / JSG Finance Inc. | 0.001368 | | | ASURION LLC/CO | 0.001356 | | | RGCARE 11 10/15/30 144A | 0.001339 | | | QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75 | 0.001328 | | | DVA 3.75 02/15/31 144A | 0.001296 | | | Calpine Corp. | 0.001282 | | | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75 | 0.001261 | | | UNSEAM 7.875 02/15/31 144A | 0.001212 | | | DISH DBS CORP REGD SER WI 7.75000000 | 0.001208 | | | Level 3 Financing, Inc. | 0.001207 | | | SATS 3.875 11/30/30 | 0.001187 | | | Vistra Corp. | 0.001170 | | | CELANESE US HLDS | 0.001159 | | | ORGANON / ORGANON 5.125% | 0.001158 | | | HERITAGE POWER LLC TERM 1LN 07/20/2028 | 0.001141 | | ## Sources - N-PORT (fund A) — accession `0001193125-26-243914` (as of 2026-03-31) - N-PORT (fund B) — accession `0000035402-26-002692` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _