KADAX

Active

Kensington Active Advantage Fund

Category: Balanced (1,430 funds)

Expense Ratio

1.80%

Annual Cost per $10K

$180.00

30-Year Fee Drag per $10K

$30,364

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+11.38%

Asset Allocation

US Equity

63%

Intl Equity

US Bond

12%

Intl Bond

Cash

14%

Fee Comparison

KADAX

1.80%

Balanced average

0.85%

Balanced cheapest

FELSX

0.00%

Index benchmark

0.03%

112% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of September 2025 · Updated quarterly

+23.45%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

KADAX at 1.80%$228,793

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$151,820

Cost vs index fund−$148,632

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of September 2025

Ticker	Name	ER	1yr	3yr	5yr
KADAX	Kensington Active Advantage Fund	1.80%	+11.38%	+7.28%	—
KAGAX	Kensington Dynamic Allocation Fund	1.67%	+42.53%	+15.69%	—
MERFX	The Merger Fund	1.56%	-9.13%	-36.87%	-33.40%
AAETX	American Funds 2030 Target Date Retirement Fund	0.66%	+11.00%	+15.19%	+8.43%
TIBOX	Thornburg Investment Income Builder Fund	0.84%	+26.16%	+24.75%	+17.31%
AAFTX	American Funds 2035 Target Date Retirement Fund	0.67%	+12.43%	+17.31%	+9.90%
VWENX	VANGUARD WELLINGTON FUND	0.17%	+12.65%	+13.05%	+9.43%
CIPAX	American Funds Conservative Growth and Income Portfolio	0.88%	+9.85%	+12.97%	+8.11%
LCORX	Leuthold Core Investment Fund	1.43%	—	—	—
TQQQ	ProShares UltraPro QQQ	0.84%	+31.32%	+49.61%	+18.09%
CAIBX	Capital Income Builder	0.58%	+13.41%	+16.02%	+10.42%
TRAIX	T. Rowe Price Capital Appreciation Fund	0.58%	+10.50%	+16.19%	+11.63%
AADTX	American Funds 2025 Target Date Retirement Fund	0.63%	+9.68%	+13.33%	+7.26%
JEPI	JPMorgan Equity Premium Income ETF	0.35%	+4.33%	+12.99%	+10.62%
IWM	iShares Russell 2000 ETF	0.19%	+10.63%	+15.07%	+11.43%
MACBX	MFS Conservative Allocation Fund	0.83%	+5.79%	+6.88%	+3.65%
GARUX	Goldman Sachs Absolute Return Tracker Fund	0.73%	+6.83%	+9.98%	+6.37%
SSTIX	State Street Total Return V.I.S. Fund	0.67%	+11.57%	+15.85%	+8.56%
TFPN	Blueprint Chesapeake Multi-Asset Trend ETF	2.06%	+1.85%	—	—
IRGPX	Voya Retirement Aggressive Portfolio	0.60%	+12.78%	+18.05%	+10.61%
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	0.35%	+17.15%	+24.50%	—
AAGTX	American Funds 2040 Target Date Retirement Fund	0.68%	+14.59%	+19.67%	+11.23%
ACEIX	Invesco Equity and Income Fund	0.76%	+9.14%	+10.33%	+10.51%
PPIPX	T. Rowe Price Spectrum Conservative Allocation Fund	0.56%	+7.96%	+9.01%	+5.30%
AACTX	American Funds 2020 Target Date Retirement Fund	0.61%	+9.44%	+12.54%	+6.86%
CGLGX	American Funds Growth and Income Portfolio	0.92%	+14.71%	+19.95%	+12.14%
JGLYX	JPMorgan Small Cap Growth Fund	1.24%	+6.60%	+9.99%	+2.18%
CBFAX	American Funds Global Balanced Fund	0.80%	+9.01%	+14.85%	+7.27%
HRSIX	Hood River Small-Cap Growth Fund	1.07%	+21.56%	+24.61%	+17.81%
TMF	Direxion Daily 20+ Year Treasury Bull 3X Shares	0.91%	-28.19%	-20.10%	-35.40%
TSPX	Twin Oak Active Opportunities ETF	1.01%	—	—	—
MAMAX	MFS Moderate Allocation Fund	0.56%	+8.47%	+9.69%	+6.27%
FBFWX	American Funds Retirement Income Portfolio - Moderate	1.24%	+10.33%	+13.20%	+7.67%
IWO	iShares Russell 2000 Growth ETF	0.24%	+13.44%	+16.59%	+8.33%
BLPAX	American Funds Moderate Growth and Income Portfolio	0.93%	+11.98%	+16.18%	+9.21%
SOXL	Direxion Daily Semiconductor Bull 3X Shares	0.75%	-4.18%	+59.72%	+16.27%
DIVPX	MAI MANAGED VOLATILITY FUND	1.47%	+9.52%	+8.98%	+7.85%
JEPAX	JPMorgan Equity Premium Income Fund	0.45%	+3.75%	+12.41%	+10.04%
FSLTX	Strategic Advisers Alternatives Fund	1.56%	+7.58%	+4.51%	—
FCFWX	American Funds Retirement Income Portfolio - Enhanced	1.14%	+12.27%	+15.71%	+9.60%
IBB	iShares Biotechnology ETF	0.44%	-0.66%	+7.50%	+1.53%
SSDEX	State Street Target Retirement 2045 Fund	0.09%	+14.21%	+19.06%	+10.43%
JABLX	Janus Henderson Balanced Portfolio$1M min	0.87%	+13.29%	+16.75%	+9.62%
ICMBX	Intrepid Capital Fund	1.41%	+15.29%	+15.39%	+10.59%
SPXL	Direxion Daily S&P 500 Bull 3X Shares	0.87%	+30.20%	+59.63%	+32.92%
FIQWX	Fidelity Strategic Dividend and Income Fund	0.56%	+7.94%	+10.11%	+9.25%
SSCKX	State Street Target Retirement 2035 Fund	0.09%	+12.34%	+17.10%	+9.03%
FAS	Direxion Daily Financial Bull 3X Shares	0.89%	+38.14%	+50.85%	+40.86%
CGIOX	Calamos Growth & Income Fund	0.73%	+19.01%	+21.17%	+13.61%
QLD	ProShares Ultra QQQ	0.95%	+28.75%	+39.24%	+19.14%
PODAX	Aristotle Portfolio Optimization Growth Fund	1.09%	+11.96%	—	—
ACIIX	Equity Income Fund	0.59%	+6.58%	+11.74%	+9.73%
UPRO	ProShares UltraPro S&P500	0.91%	+24.55%	+39.00%	+26.71%
ITCSX	VY(R) T. ROWE PRICE CAPITAL APPRECIATION PORTFOLIO	0.65%	+10.16%	+15.83%	+11.18%
SSO	ProShares Ultra S&P500	0.89%	+21.64%	+30.12%	+21.87%
FTCFX	American Funds College 2033 Fund	0.39%	+10.28%	+14.92%	+8.35%
FEIQX	Franklin Equity Income Fund	0.50%	+13.30%	+18.82%	+14.23%
LTTAX	MFS Lifetime 2025 Fund	0.95%	+5.93%	+9.72%	+5.02%
AABCX	Putnam Dynamic Asset Allocation Balanced Fund	0.71%	+11.11%	+16.48%	+8.96%
FMSHX	Franklin Mutual Shares Fund	0.70%	+5.55%	+16.01%	+12.34%
TPPAX	T. Rowe Price Spectrum Moderate Allocation Fund	0.62%	+9.14%	+11.03%	+6.76%
DIAMX	DIAMOND HILL LONG SHORT FUND	1.94%	+11.66%	+13.87%	-4.43%
UOPIX	ULTRANASDAQ-100 PROFUND	1.45%	+35.67%	+54.88%	+23.87%
XBI	SPDR(R) S&P(R) Biotech ETF	0.35%	+1.38%	+8.15%	-2.04%
TECL	Direxion Daily Technology Bull 3X Shares	0.85%	+42.51%	+80.55%	+32.92%
CTAKX	American Funds College 2036 Fund	0.43%	+13.00%	+18.68%	+10.41%
FCAGX	Fidelity Small Cap Growth Fund	0.92%	-20.12%	-33.79%	-41.59%
SYMAX	AlphaCentric Symmetry Strategy Fund	1.97%	+6.40%	+5.30%	+9.09%
RRMVX	T. Rowe Price Mid-Cap Value Fund, Inc.	1.35%	+3.62%	+17.35%	+15.11%
KADCX	Kensington Active Advantage Fund	2.55%	+10.55%	+6.39%	—
ACSHX	Invesco Comstock Fund	0.51%	+12.21%	+18.83%	+19.32%
AADAX	Invesco Select Risk: Growth Investor Fund	1.71%	+11.80%	+14.89%	+8.23%
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	0.39%	+10.55%	+17.48%	+15.60%
GTSAX	Invesco Small Cap Growth Fund	0.81%	+4.06%	+12.58%	+4.28%
NLSAX	Neuberger Berman Long Short Fund	1.68%	+8.09%	+9.75%	+6.30%
VALIX	VALUE LINE CAPITAL APPRECIATION FUND INC	1.08%	+26.56%	+25.55%	+10.67%
PFLD	AAM Low Duration Preferred and Income Securities ETF	0.45%	+0.17%	+4.22%	+2.15%
MLTAX	MFS Lifetime 2030 Fund	0.48%	+7.16%	+11.94%	+6.97%
MLLAX	MFS Lifetime Income Fund	0.44%	+5.85%	+9.04%	+4.26%
FAFWX	American Funds Retirement Income Portfolio - Conservative	1.27%	+8.22%	+10.37%	+5.40%
MVALX	Meridian Contrarian Fund	1.12%	+16.76%	+15.42%	+13.74%
SSDQX	State Street Target Retirement 2055 Fund	0.09%	+15.19%	+20.06%	+11.00%
LEXI	Alexis Practical Tactical ETF	1.00%	+13.72%	+14.40%	—
THHYX	Toews Tactical Income Fund	1.37%	+3.06%	+4.76%	+2.27%
RPFCX	Davis Balanced Fund	0.98%	+14.89%	+21.16%	+14.72%
llpfx	Longleaf Partners Fund	0.79%	-1.74%	+13.59%	+9.45%
AXBAX	Columbia Capital Allocation Aggressive Portfolio	1.03%	+15.00%	+19.88%	+11.15%
GSKPX	Goldman Sachs Tax-Advantaged Global Equity Portfolio	1.22%	+14.09%	+16.67%	+12.41%
FOCSX	Fidelity Small Cap Growth K6 Fund	0.61%	+8.12%	+18.16%	+10.10%
FINHX	Fidelity Equity-Income Fund	—	—	—	—
FKMCX	Fidelity Mid-Cap Stock Fund	1.69%	+8.92%	+14.88%	+14.93%
PNSAX	Putnam Small Cap Growth Fund	1.17%	+8.39%	+20.41%	+11.12%
STFBX	State Farm Balanced Fund	0.14%	+10.88%	+16.23%	—
SWMIX	Schwab International Opportunities Fund	0.85%	+15.91%	+18.37%	+6.17%
HMEAX	Nexpoint Merger Arbitrage Fund	2.25%	+5.42%	+5.22%	+4.90%
SMEAX	Invesco Small Cap Equity Fund	0.88%	+10.49%	+17.15%	+12.69%
SBPLX	ClearBridge Dividend Strategy Fund	1.74%	+11.00%	+17.59%	+12.84%
FHCLX	Select Health Care Portfolio	—	—	—	—
VVOAX	Invesco Value Opportunities Fund	1.27%	+20.44%	+26.46%	+25.15%
IAGAX	VOYA SOLUTION MODERATELY AGGRESSIVE PORTFOLIO	0.74%	+12.19%	+17.50%	+10.70%
DFNRX	Kensington Defender Fund	—	—	—	—

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