KHPI ETF — Kensington Hedged Premium Income ETF
Kensington Hedged Premium Income ETF (KHPI)
KHPI is an ETF that tracks the S&P 500 equity exposure with active option spread overlays. As of August 19, 2026, its distribution rate is 8.89%, its trailing-12-month yield is 8.87%, its expense ratio is 0.98%. Dividend Vision Distribution Safety Score™ is 79/100 (Generally safe). Fund total return is 23.2% over the past 1.9 years, 19.7 points behind SPY at 42.9%.
At the current 8.89% distribution rate, a $10,000 investment would generate approximately $889 per year, or $74.08 per month on an equivalent basis.
KHPI dividend yield and income
Data as of August 19, 2026.
The distribution rate (8.89%) is the latest posted forward yield, paid monthly. Trailing-12-month yield (8.87%) is the last year of payments divided by the current price. The last dividend was $0.1931. The last ex-dividend date was 07/31/2026. At 8.89%, $10,000 would generate about $889 a year ($74.08 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-07-31 | $0.193 | 0.5% |
| 2026-06-30 | $0.193 | 1.6% |
| 2026-05-29 | $0.196 | 5.4% |
| 2026-04-30 | $0.192 | 7.3% |
| 2026-03-31 | $0.181 | -0.5% |
| 2026-02-27 | $0.194 | 1.6% |
| 2026-01-30 | $0.194 | 0.5% |
| 2025-12-31 | $0.194 | -13.8% |
| 2025-11-28 | $0.195 | 22.6% |
| 2025-10-31 | $0.197 | 6.5% |
| 2025-09-30 | $0.192 | 1.1% |
| 2025-08-29 | $0.192 | — |
| 2025-07-31 | $0.192 | — |
| 2025-06-30 | $0.19 | — |
| 2025-05-30 | $0.186 | — |
| 2025-04-30 | $0.179 | — |
| 2025-03-31 | $0.182 | — |
| 2025-02-28 | $0.191 | — |
| 2025-01-31 | $0.193 | — |
| 2024-12-31 | $0.225 | — |
| 2024-11-29 | $0.159 | — |
| 2024-10-31 | $0.185 | — |
| 2024-09-30 | $0.19 | — |
| 2024 total | $0.759 | — |
| 2025 total | $2.283 | 200.8% |
| 2026 YTD total | $1.343 | 2.3% |
KHPI dividend growth
An annualized trend fit on recent payments is -0.29%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | 33.2% |
KHPI performance versus SPY
Data as of August 19, 2026.
Fund total return is 23.2% over the past 1.9 years, 19.7 points behind SPY at 42.9%. Its deepest 1-year drawdown was 6.6%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (1.9 years) | 23.2% | 11.30% |
KHPI key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 79 · Generally safe
- Safety-Adjusted Yield
- 7.02%
- Issuer
- Kensington Asset Management
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/04/2024
- Expense ratio
- 0.98%
- Distribution rate
- 8.89%
- Distribution frequency
- Monthly
- Trailing yield
- 8.87%
- Last close
- $26.08
- AUM
- $427,938,905
- Average volume
- 72859.0
- Last dividend
- $0.1931
- Ex-dividend date
- 07/31/2026
- Beta
- 0.5217
- P/E ratio
- 25.7648
How Dividend Vision calculates yield and returns
Distribution rate (8.89%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (8.87%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Kensington Asset Management fund page; Fact sheet; Prospectus; Index: S&P 500 equity exposure with active option spread overlays; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
KHPI risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.6%.
Who may consider KHPI — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does KHPI pay monthly?
Yes. KHPI currently pays monthly.
What index does KHPI track?
KHPI tracks the S&P 500 equity exposure with active option spread overlays.
What is KHPI's expense ratio?
KHPI's expense ratio is 0.98%.
What is KHPI's dividend yield?
KHPI currently yields 8.89%, paid monthly, with a 0.98% expense ratio.
When does KHPI pay a dividend?
KHPI pays monthly. The last dividend was $0.1931. The last ex-dividend date was 07/31/2026.
How has KHPI performed?
Fund total return is 23.2% over the past 1.9 years, 19.7 points behind SPY at 42.9%. Its deepest 1-year drawdown was 6.6%.
Is KHPI a good investment?
KHPI's Dividend Vision Distribution Safety Score is 79 (Generally safe). That is a risk signal, not investment advice. It currently yields 8.89%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Kensington Asset Management.
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