Kensington Defender Inst (DFNDX)
| Fund Assets | 97.86M |
| Expense Ratio | 1.80% |
| Min. Investment | $1,000 |
| Turnover | 260.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 4.85% |
| Dividend Growth | -20.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 29, 2026 |
| Previous Close | 11.76 |
| YTD Return | 10.11% |
| 1-Year Return | 22.45% |
| 5-Year Return | n/a |
| 52-Week Low | 10.00 |
| 52-Week High | 11.90 |
| Beta (5Y) | n/a |
| Holdings | 17 |
| 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.
Performance
DFNDX had a total return of 22.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.19%.
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
111.76% of assets| Name | Symbol | Weight |
|---|---|---|
| Vanguard S&P 500 ETF | VOO | 28.65% |
| US BANK MMDA - USBGFS 9 | n/a | 14.55% |
| Mount Vernon Liquid Assets Portfolio, LLC | n/a | 13.00% |
| iShares 7-10 Year Treasury Bond ETF | IEF | 10.31% |
| abrdn Physical Gold Shares ETF | SGOL | 8.04% |
| State Street SPDR Portfolio Emerging Markets ETF | SPEM | 7.59% |
| Invesco QQQ Trust Series I | QQQ | 7.58% |
| Galaxy Plus Fund Cane | n/a | 7.37% |
| Franklin FTSE Japan ETF | FLJP | 7.36% |
| Vanguard FTSE Europe ETF | VGK | 7.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 29, 2026 | $0.0387 | Apr 29, 2026 |
| Mar 30, 2026 | $0.03703 | Mar 30, 2026 |
| Feb 26, 2026 | $0.03929 | Feb 26, 2026 |
| Jan 29, 2026 | $0.03841 | Jan 29, 2026 |
| Dec 30, 2025 | $0.17079 | Dec 30, 2025 |
| Nov 26, 2025 | $0.03627 | Nov 26, 2025 |