Kensington Dynamic Allocation Fund - A Class Shares (KAGAX)

Overview

The fund described focuses on a diversified investment strategy that targets both equity and fixed-income markets. It aims to balance the investment portfolio by allocating assets across common and preferred stocks, and high-grade fixed income securities. The investment approach is flexible, allowing for direct investments in individual stocks, including American Depositary Receipts (ADRs) which offer a pathway to invest in non-U.S. companies through U.S. financial markets. Additionally, the fund leverages exchange-traded funds (ETFs) and other investment companies to broaden its exposure and diversify its investment strategy. The fund operates without restrictions on the maturity of the fixed-income securities it selects, providing a broad scope for investment decisions.

Products and Services

• Equity Investments

  The fund engages in equity investments through direct purchases of common and preferred stocks. This includes investing in American Depositary Receipts (ADRs), enabling shareholders to gain exposure to non-U.S. companies. Equity investments aim to provide capital growth over the long term, capitalizing on the growth and performance of companies across a range of sectors.

• Fixed-Income Investments

  Investing in high-grade fixed-income securities, the fund offers a steady income stream with lower risk compared to equity investments. The fund does not limit itself to securities of a certain maturity, allowing for flexibility in selecting bonds that best meet its investment objectives. This strategy seeks to preserve capital and generate income, making it suitable for conservative investors looking for stable returns.

• Exchange-Traded Funds (ETFs)

  By including ETFs in its investment approach, the fund can indirectly invest in a diversified portfolio of stocks or bonds. ETFs offer the advantage of liquidity, lower investment costs, and the flexibility to trade like individual stocks. This enables the fund to easily adjust its portfolio compositions in response to changing market conditions.

• Other Investment Companies

  The fund also considers investments through other investment companies to diversify its portfolio. This could include mutual funds, closed-end funds, and other pooled investment vehicles. Through these investments, the fund can access a broad array of assets and strategies, enhancing its ability to achieve its investment objectives while spreading risk.