Kensington Credit Opportunities ETF

Cboe: KAMO

Listed December 17, 2025

Objective

The Credit Opportunities ETF (KAMO) seeks income and capital appreciation. More specifically, KAMO seeks to:

1. Provide a return stream independent from traditional buy and hold, long-only fixed income strategies
2. Enhance portfolio diversification
3. Mitigate portfolio drawdowns

Why Invest

1. Active Fixed Income in an ETF Solution: Active fixed income investing requires management of both credit and duration (interest rate) risk. KAMO actively shifts exposures across multiple fixed income sectors, responding to changing market conditions.
2. Enhanced Diversification: KAMO is designed to complement traditional bond allocations, broadening the opportunity set for investors. This can potentially deliver differentiated performance with a lower correlation to standard bond indices.
3. Downside Risk Management: Fixed income is commonly considered as a tool for managing risk in an investors portfolio. KAMO seeks to emphasize downside protection and capital preservation through a robust quantitative approach, aiming to help reduce the impact of adverse market movements.

Overview

KAMO is designed to provide enhanced diversification across fixed income markets by dynamically adjusting to seek opportunities, both long and short, across a variety of sectors. Target asset classes include:

1. US High Yield
2. Investment Grade Corporates
3. Senior Loan / Bank Loan / Floating Rate
4. Emerging Market / Global
5. Asset Backed Securities
6. US Treasuries