KHPI ETF Profile

Family:	Kensington Asset Management
Name:	Kensington Hedged Premium Income ETF

Inception Date:	3-Sep-2024
Termination Date:
Investment Objective:	The Kensington Hedged Premium Income ETF (the "Fund") seeks current income with the potential for capital appreciation. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by gaining exposure to the S&P 500 Index (the "S&P 500"). The foundation of the Fund's strategy involves buying shares of one or more cost-effective ETFs that track the S&P 500, providing direct exposure to the broad market's performance. The Fund simultaneously implements a monthly call option strategy to generate income and a quarterly put option strategy to protect against large declines in the S&P 500. In strategically buying and selling put and call options on the S&P 500, the Fund seeks to provide a partial buffer against market downturns, as well as provide additional income in flat to down markets, but resulting in lower upside potential during strong market rallies. In implementing its strategy, the Fund employs a methodology similar the MerQube Hedged Premium Income Index (the "MQKHPI"). The MQKHPI aims to generate income from selling call spreads while providing downside protection through the purchase of put spreads, maintaining exposure to the U.S. large-cap equity market.

Prospectus