# Portfolio overlap — KADAX vs KAMIX

Comparing **Kensington Active Advantage Fund** (2026-03-31) and **Kensington Managed Income Fund** (2026-03-31).

- Shared positions: 6
- Kensington Active Advantage Fund covered by Kensington Managed Income Fund: 0.2825669311774015593268646829
- Kensington Managed Income Fund covered by Kensington Active Advantage Fund: 0.2825669311774015593268646829

## Kensington Active Advantage Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Mount Vernon Liquid Assets Portfolio, LLC | 0.310785 | ✓ |
| VANGUARD US TOTAL STOCK MARKET SHARES INDEX ETF | 0.135359 |  |
| JANUS HENDERSON AAA CLO ETF MUTUAL FUND | 0.090983 |  |
| Manning & Napier High Yield Bond Series | 0.084994 | ✓ |
| Victory Pioneer Strategic Income Fund | 0.070655 | ✓ |
| iShares Broad USD High Yield Corporate Bond ETF | 0.058348 | ✓ |
| Vanguard S&P 500 ETF | 0.055280 |  |
| iShares Core High Dividend ETF | 0.035273 |  |
| BNY Mellon Global Infrastructure Income ETF | 0.033506 |  |
| iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.030569 |  |
| STATE STREET SPDR PORT S&P 500 VALUE MUTUAL FUND | 0.025942 |  |
| ISHARES J P MORGAN EM HIGH YIELD BOND ETF | 0.024404 |  |
| iShares JP Morgan USD Em Mkts Bd ETF | 0.016929 |  |
| US BANK MMDA - USBGFS 9 | 0.008394 | ✓ |
| John Hancock High Yield ETF | 0.007015 | ✓ |
| Invesco S&P International Developed Momentum ETF | 0.006707 |  |
| Freedom 100 Emerging Markets ETF | 0.004856 |  |

## Kensington Managed Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| American High-Income Trust - Class F-3 | 0.194764 |  |
| Mount Vernon Liquid Assets Portfolio, LLC | 0.100414 | ✓ |
| iShares Broad USD High Yield Corporate Bond ETF | 0.098078 | ✓ |
| STATE STREET SPDR PORTFOLIO HI SS SPDR P HIGH YIELD ETF | 0.093676 |  |
| Manning & Napier High Yield Bond Series | 0.082313 | ✓ |
| Fidelity Capital & Income Fund | 0.069862 |  |
| BlackRock High Yield Portfolio | 0.064556 |  |
| PIMCO MULTISECTOR BOND ACTV MUTUAL FUND | 0.056859 |  |
| XTRACKERS USD HIGH YIELD CORPORATE BOND ETF CL USD INC 0.00000000 | 0.052131 |  |
| V/E F ANGL HI YL | 0.045883 |  |
| MSSMTL-H/Y-I | 0.037293 |  |
| Victory Pioneer Strategic Income Fund | 0.032699 | ✓ |
| Transamerica High Yield Bond | 0.031765 |  |
| Janus Henderson Securitized Income ETF | 0.017499 |  |
| Nuveen Strategic Income Fund | 0.011372 |  |
| John Hancock High Yield ETF | 0.004881 | ✓ |
| US BANK MMDA - USBGFS 9 | 0.003911 | ✓ |
| Nuveen Securitized Income ETF | 0.001616 |  |
| BONDBLOXX CCC-RATED USD HIGH YIELD CORPORATE BOND ETF CL USD INC 0.00000000 | 0.000428 |  |


## Sources

- N-PORT (fund A) — accession `0001193125-26-243913` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1511699/000119312526243913/0001193125-26-243913-index.htm>
- N-PORT (fund B) — accession `0001193125-26-243914` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1511699/000119312526243914/0001193125-26-243914-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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