Skip to Content
Morningstar

Kensington Defender Institutional DFNDX

Morningstar Medalist Rating
Medalist Rating as of | See Kensington Asset Management Investment Hub
  • NAV / 1-Day Return 10.37  /  +1.07 %
  • Total Assets 63.9 Mil
  • Adj. Expense Ratio
    1.550%
  • Expense Ratio 1.550%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Global Allocation
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity High/Extensive
  • Status Open
  • TTM Yield 2.37%
  • Turnover 182%

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:16 AM GMT+0

Morningstar’s Analysis DFNDX

Will DFNDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DFNDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DFNDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DFNDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Kensington Defender Institutional to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings DFNDX

More DFNDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 77.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US BANK MMDA - USBGFS 9

22.65 14.4 Mil
Cash and Equivalents

Invesco QQQ Trust

12.47 7.9 Mil
—

SPDR® Portfolio S&P 500® ETF

12.07 7.7 Mil
—

abrdn Physical Gold Shares ETF

11.43 7.3 Mil
—

Vanguard FTSE Europe ETF

11.21 7.1 Mil
—

SPDR® Portfolio S&P 600™ Sm Cap ETF

11.18 7.1 Mil
—

Franklin FTSE Japan ETF

11.14 7.1 Mil
—

iShares 7-10 Year Treasury Bond ETF

7.93 5.0 Mil
—

Cash Offset

0.14 85,818
—

VIX US 07/17/24 C25

0.13 82,462
—