KAMAX : Kensington Managed Income Fund Class A Shares

Fund Summary

The investment seeks income. The fund seeks to achieve its investment objective by investing primarily in mutual funds that invest in income-producing securities. It may invest in junk bonds that are in default, subject to bankruptcy or reorganization. The fund's adviser does not select individual securities as a principal strategy, but rather employs a fund-of-funds approach that achieves exposure to income-producing securities through mutual funds. It is non-diversified.