C000212092 Fees and Costs — Kensington Managed Income Fund, Class A
Data updated: 2022-05-24
The net expense ratio is 2.13%. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2021 the fund paid $82K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 220%.
C000212092 Fees and Expenses
Annual operating expenses and sales charges of C000212092. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 2.13% |
| Fee waiver | — |
| Net expense ratio | 2.13% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000212092 Costs Over Time
On $10,000 invested in C000212092, assuming 5% a year before costs, total costs come to $1,855 over 5 years, cutting the return by 3.25% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 2.13%) | $213 | $657 | $1,125 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $24 | $108 | $247 |
| Total costs | $713 | $1,244 | $1,855 |
| Value after costs | $9,787 | $10,332 | $10,908 |
| Impact on return, per year | 7.13% | 3.90% | 3.25% |
C000212092 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0138%
- Total broker commissions: $82K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 220%
- Securities lending: none during the year
C000212092 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros Finacial Services, Inc. | $82K | 100.00% |
C000212092 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ceros Finacial Services, Inc. | $1.3B | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.