Kensington Announces Q4 2023 Fund Distributions
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Insights
The announcement by Kensington regarding the distribution details for its funds is a pivotal data point for current and potential investors. The distribution rates per share provide a snapshot of the funds' performance and the income they are generating. These figures are particularly important for income-focused investors who rely on dividends as a source of regular income.
When evaluating the distribution rates, it's essential to consider the sustainability of these payouts. A high distribution rate could be attractive, but if the underlying assets are not generating sufficient income, it might lead to a reduction in principal or future income. Conversely, a lower distribution rate that is sustainable and backed by a strong portfolio performance can be more beneficial in the long run.
Investors should also be aware of the tax implications of these distributions. As they are classified as 100% ordinary income, they will be taxed at the individual's income tax rate, which could affect the net income received from these investments.
The disclosed dividend dates and rates are crucial for market timing and investment strategies. The ex-dividend date is particularly important because it determines who is entitled to the next dividend payment. Investors must own the fund shares before the ex-dividend date to receive the distribution. This can influence trading volumes and the fund's share price leading up to the date.
Furthermore, the distribution rates can impact investor sentiment towards the funds. If the rates are competitive compared to industry benchmarks, it may lead to increased demand for the fund's shares. It's important for analysts to compare these rates with those of peer funds and the broader market to assess their attractiveness.
Lastly, the announcement mentions the involvement of Quasar Distributors, LLC and U.S. Bank Global Fund Services, which highlights the operational aspects of the fund management. The efficiency and reliability of these services can indirectly influence investor confidence and the fund's overall performance.
The distribution of dividends by funds like Kensington is a reflection of the broader economic environment. In a low-interest-rate economy, the yields offered by such funds can be particularly appealing to investors seeking income. However, in a rising interest rate environment, fixed-income funds might see a decrease in their net asset values, which could affect future distribution rates.
The role of dividends in economic growth should not be underestimated. They can contribute to the overall consumption and investment capacity of individuals, which in turn stimulates economic activity. It is also important to monitor how these funds are managing their portfolios in response to economic changes, such as shifts in the business cycle or regulatory adjustments, which can have significant implications for future performance.
Kensington Funds' dividend dates:
Record Date: December 27, 2023
Ex-Dividend/Reinvest Date: December 28, 2023
Payable Date: December 28, 2023
Distributions are
Kensington Funds' distribution rates:
Ticker | Fund | Distribution Rate per Share ($) |
KADAX | Kensington Active Advantage Fund, A | 0.06927663 |
KADCX | Kensington Active Advantage Fund, C | 0.05160143 |
KADIX | Kensington Active Advantage Fund, Inst. | 0.07531578 |
KAMAX | Kensington Managed Income Fund, A | 0.11895460 |
KAMCX | Kensington Managed Income Fund, C | 0.09856843 |
KAMIX | Kensington Managed Income Fund, Inst. | 0.12550424 |
DFNDX | Kensington Defender Fund, Inst. | 0.09046503 |
Request a prospectus or a summary prospectus from your financial representative or by calling
Investors should consider the investment objectives, risks, charges and expenses of the Funds before investing. This information can be found in the Fund's prospectus and summary prospectus which should be read carefully. There is no guarantee the Fund will achieve its investment objectives. There is no guarantee any investment strategy will generate a profit or prevent a loss. For details regarding each risk, please see the Fund's prospectus.
Kensington Asset Management, LLC is the adviser to the Kensington Funds, distributed by Quasar Distributors, LLC.
Member FINRA/SIPC. Kensington Asset Management, LLC is not affiliated with Quasar.
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SOURCE Kensington Asset Management, LLC
FAQ
What are the distribution dates for Kensington Funds in Q4 2023?
What are the distribution rates per share for Kensington Funds in Q4 2023?
Who is the adviser to the Kensington Funds?
Where can investors find the prospectus and summary prospectus for the Funds?
What should investors consider before investing in the Kensington Funds?
Is there a guarantee that the Fund will achieve its investment objectives?
