Kensington Defender Inst (DFNDX)

Fund Assets	119.29M
Expense Ratio	1.875%
Min. Investment	$1,000
Turnover	260.00%
Dividend (ttm)	0.46
Dividend Yield	3.92%
Dividend Growth	10.67%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	11.63
YTD Return	11.66%
1-Year Return	13.45%
5-Year Return	n/a
52-Week Low	10.69
52-Week High	11.92
Beta (5Y)	n/a
Holdings	22
Inception Date	n/a

About DFNDX

The Kensington Defender Fund Institutional Class is a mutual fund managed by Kensington Asset Management that focuses on capital preservation and total return through a dynamic, momentum-driven investment strategy. The fund actively allocates its portfolio across global equities, real estate, fixed income, and commodities, regularly evaluating market momentum on a monthly basis to increase exposure to asset classes with positive trends. In periods of waning momentum, the fund shifts defensively into short and intermediate U.S. Treasuries to reduce potential drawdowns. Notable features include a proprietary option overlay that leverages S&P 500 option spreads to generate steady income while managing downside risk, and a built-in tail hedge aimed at volatility management and capital protection. Intended to address challenges faced by traditional buy-and-hold strategies, the Kensington Defender Fund seeks to balance growth potential with disciplined risk management, offering diversified, non-correlated strategies and regular income distributions as part of its approach to delivering resiliency and liquidity during varying market conditions.

• Fund Family: Kensington Asset Management LLC
• Performance Rating: Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: DFNDX
• Share Class: Institutional Class

Performance

DFNDX had a total return of 13.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.12%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DFNRX	Class R	2.50%

Top 10 Holdings

99.82% of assets

Name	Symbol	Weight
742718109 - US BANK MMDA - USBGFS 9	n/a	46.12%
Vanguard S&P 500 ETF	VOO	16.34%
State Street SPDR Portfolio Emerging Markets ETF	SPEM	6.11%
State Street SPDR Portfolio S&P 600 Small Cap ETF	SPSM	6.11%
Franklin FTSE Japan ETF	FLJP	5.99%
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	PDBC	5.94%
Invesco QQQ Trust Series I	QQQ	5.69%
Galaxy Plus Fund Cane	n/a	4.29%
abrdn Physical Gold Shares ETF	SGOL	3.15%
SPX US 06/17/27 P6800	SPX.6 P6800	0.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.03892	Sep 29, 2026
Aug 28, 2026	$0.03905	Aug 28, 2026
Jul 30, 2026	$0.03773	Jul 30, 2026
Jun 29, 2026	$0.03842	Jun 29, 2026
May 28, 2026	$0.03936	May 28, 2026
Apr 29, 2026	$0.0387	Apr 29, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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