KADAX Performance — Kensington Active Advantage Fund, A Class
Data updated: 2026-08-26
KADAX returned +13.50% over one year to Oct 2025. The annualised 3-year return is +7.81%. The fund beat its Core Bond category average: $100 invested three years ago grew to $125, against $122 for the category, and to $113 over one year, against $106. Volatility over the past three years was 6.25% a year. In the 12 months to Jun 2026 the fund took in a net $38.3M, and assets reached $73.59M.
KADAX Growth of $100
What $100 invested in Kensington Active Advantage Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Core Bond category average over the same months.
| Period | KADAX | Category average |
|---|---|---|
| 1 year (Nov 2024 – Oct 2025) | $113 | $106 |
| 3 years (Nov 2022 – Oct 2025) | $125 | $122 |
| Since data start (Mar 2022 – Oct 2025) | $117 | $111 |
KADAX Trailing Returns
Total returns to Oct 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +13.50% |
| 3 years (annualised) | +7.81% |
KADAX Annual Returns
Calendar-year total returns of Kensington Active Advantage Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Oct) | +11.41% |
| 2024 | +7.45% |
| 2023 | +5.92% |
| 2022 (Mar–Dec) | −7.49% |
KADAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.7% | −0.8% | −3.5% | +0.8% | +3.9% | +3.3% | +0.9% | +1.4% | +1.9% | +1.3% | — | — |
| 2024 | +0.8% | +2.6% | +1.7% | −2.6% | +1.1% | +1.3% | −0.8% | +0.5% | +1.3% | −0.6% | +3.4% | −1.5% |
| 2023 | +0.2% | −1.7% | +0.8% | +0.5% | −0.9% | +1.1% | +1.4% | −0.7% | −2.3% | +0.1% | +3.4% | +4.0% |
| 2022 | — | — | +0.4% | −1.1% | +1.5% | −5.4% | +3.8% | −3.4% | −1.9% | −0.2% | −0.6% | −0.5% |
KADAX Risk
Risk measures from monthly returns over Nov 2022 – Oct 2025.
- 3-year volatility (annualised): 6.25%
- 3-year Sharpe ratio: 0.53 (vs 4.5% risk-free rate)
- Best month: +3.99% (Dec 2023)
- Worst month: −3.46% (Mar 2025)
KADAX Fund Flows
Monthly money in and out of Kensington Active Advantage Fund, from SEC Form N-PORT.
- 12-month net flow: $38.3M
- 12-month gross sales (incl. reinvestments): $82.3M
- Sales ÷ redemptions: 1.87×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $6.5M | $2.9M | $3.6M |
| May 2026 | $4.4M | $1.2M | $3.2M |
| Apr 2026 | $3.4M | $6.4M | −$3.0M |
| Mar 2026 | $4.3M | $1.5M | $2.8M |
| Feb 2026 | $3.0M | $2.7M | $275K |
| Jan 2026 | $5.6M | $1.6M | $4.0M |
| Dec 2025 | $3.8M | $10.5M | −$6.7M |
| Nov 2025 | $3.5M | $1.2M | $2.3M |
| Oct 2025 | $14.9M | $1.3M | $13.6M |
| Sep 2025 | $2.0M | $1.8M | $206K |
| Aug 2025 | $30.2M | $9.9M | $20.3M |
| Jul 2025 | $586K | $3.0M | −$2.4M |
KADAX Assets Under Management
Net assets of Kensington Active Advantage Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $73.59M |
| 2026-03-31 | $63.58M |
| 2025-12-31 | $57.73M |
| 2025-09-30 | $47.98M |
| 2025-06-30 | $28.53M |
| 2025-03-31 | $30.93M |
| 2024-12-31 | $34.04M |
| 2024-09-30 | $12.09M |
| 2024-06-30 | $11.28M |
| 2024-03-31 | $11.21M |
| 2023-12-31 | $10.68M |
| 2023-09-30 | $10.70M |
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.