Kensington Dynamic Allocation A (KAGAX)

Fund Assets	2.12B
Expense Ratio	1.739%
Min. Investment	$1,000
Turnover	222.00%
Dividend (ttm)	0.18
Dividend Yield	1.14%
Dividend Growth	148.86%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	15.66
YTD Return	15.03%
1-Year Return	17.39%
5-Year Return	n/a
52-Week Low	13.09
52-Week High	16.08
Beta (5Y)	n/a
Holdings	13
Inception Date	Oct 23, 2020

About KAGAX

The Kensington Dynamic Allocation Fund - A Class Shares is a tactical allocation mutual fund designed to seek capital gains by dynamically adjusting its exposure between equities and fixed income instruments. The fund employs a quantitative strategy that alternates allocations based on market conditions, moving between "risk-on" exposure in equity index ETFs during rising markets and "risk-off" positioning in U.S. Treasuries and cash equivalents during periods of heightened volatility or market decline. This adaptive approach aims to capture equity market gains while mitigating drawdowns and reducing correlation to equity markets during downturns. The fund is classified under the tactical allocation category, which is characterized by frequent and meaningful shifts across both equity and bond sectors to balance risk and return. Its portfolio primarily invests in the United States, with a significant emphasis on risk management and drawdown reduction, making it a distinctive option for those seeking an alternative to traditional buy-and-hold strategies within diversified portfolios.

• Fund Family: Kensington Asset Management LLC
• Category: Tactical Allocation
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: KAGAX
• Share Class: Class A Shares
• Index: S&P 500 TR

Performance

KAGAX had a total return of 17.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.85%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
KAGIX	Institutional Class Shares	1.43%
KAGCX	Class C Shares	2.43%

Top 10 Holdings

100.28% of assets

Name	Symbol	Weight
742718109 - US BANK MMDA - USBGFS 9	n/a	47.12%
Vanguard Ultra-Short Bond ETF	VUSB	11.11%
PGIM Ultra Short Bond ETF	PULS	10.95%
JPMorgan Ultra-Short Income ETF	JPST	7.39%
iShares Floating Rate Bond ETF	FLOT	5.81%
Janus Henderson Short Duration Income ETF	VNLA	5.36%
VanEck IG Floating Rate ETF	FLTR	4.59%
Mount Vernon Liquid Assets Portfolio, LLC	n/a	3.09%
Goldman Sachs Ultra Short Bond ETF	GSST	2.48%
AB Ultra Short Income ETF	YEAR	2.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.07825	Sep 29, 2026
Jun 29, 2026	$0.02975	Jun 29, 2026
Mar 30, 2026	$0.03012	Mar 30, 2026
Dec 30, 2025	$1.23617	Dec 30, 2025
Sep 29, 2025	$0.01244	Sep 29, 2025
Jun 27, 2025	$0.01537	Jun 27, 2025

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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