KPO – Kensington Premium Opportunities ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund is an actively managed ETF that seeks to achieve its investment objective by utilizing options strategies to seek to accomplish each of the following: create long synthetic exposure to U.S. equity markets as represented by each of the S&P 500® Index and the Nasdaq-100® Index, with the ability to participate in a portion of the Indices’ potential increases in value; provide some downside protection during significant declines in the value of the Indices; and generate options premiums to contribute to the fund’s overall returns. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
KPO	Kensington Premium Opportunities ETF	ETF	Open	—	—	Aug 27, 2026	$10.71M	0.950%	—	—	—

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