Morningstar

Kensington Dynamic Allocation Fund Institutional Class Shares KAGIX

Medalist Rating as of Aug 31, 2026 See Kensington Asset Management Investment Hub

Strategy

The investment seeks capital gains. The fund will gain exposure to equity securities primarily by investing in one or more of the following investment types (1) exchange-traded funds (“ETFs”) (“underlying funds”) that track the returns of a broad-based U.S. equity market index, (2) individual equity securities, and/or (3) equity index futures. The use of futures contracts is just one option that the fund may use and such use is determined in the same manner as the other investments. 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
KAGIX	Kensington Dynamic Allocation Fund Institutional Class Shares	Institutional	Open			Oct 23, 2020	$2.08B	1.430%	Average	$25,000	$744.38M
KAGAX	Kensington Dynamic Allocation Fund Class A Shares	Front Load	Open			Oct 23, 2020	$31.44M	1.680%	Average	$1,000	−$2.06M
KAGCX	Kensington Dynamic Allocation Fund Class C Shares	Level Load	Open			Oct 23, 2020	$14.86M	2.430%	Average	$1,000	$4.87M

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