Kensington Defender Inst (DFNDX)
| Fund Assets | 104.88M |
| Expense Ratio | 1.80% |
| Min. Investment | $1,000 |
| Turnover | 260.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 5.03% |
| Dividend Growth | -18.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 11.53 |
| YTD Return | 9.32% |
| 1-Year Return | 18.41% |
| 5-Year Return | n/a |
| 52-Week Low | 10.23 |
| 52-Week High | 11.92 |
| Beta (5Y) | n/a |
| Holdings | 25 |
| 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 18.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.31%.
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
106.01% of assets| Name | Symbol | Weight |
|---|---|---|
| US BANK MMDA - USBGFS 9 | n/a | 53.36% |
| abrdn Physical Gold Shares ETF | SGOL | 13.12% |
| Vanguard S&P 500 ETF | VOO | 10.87% |
| Mount Vernon Liquid Assets Portfolio, LLC | n/a | 6.66% |
| Galaxy Plus Fund Cane | n/a | 4.66% |
| Franklin FTSE Japan ETF | FLJP | 3.49% |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | PDBC | 3.48% |
| State Street SPDR Portfolio Emerging Markets ETF | SPEM | 3.48% |
| State Street SPDR Portfolio S&P 600 Small Cap ETF | SPSM | 3.47% |
| Vanguard FTSE Europe ETF | VGK | 3.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.03842 | Jun 29, 2026 |
| May 28, 2026 | $0.03936 | May 28, 2026 |
| 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 |