v3.26.1
Investment Risks
Apr. 30, 2026
Kensington Dynamic Allocation Fund | Fixed-Income Securities Risks Member  
Prospectus [Line Items]  
Risk [Text Block] Fixed-Income Securities Risks: The Fund may invest in or have exposure to fixed-income
securities. Fixed-income securities are or may be subject to interest rate, credit, liquidity,
prepayment and extension risks. Interest rates may go up resulting in a decrease in the value of
fixed-income securities. Credit risk is the risk that an issuer will not make timely payments of
principal and interest. There is also the risk that an issuer may “call,” or repay, its high yielding
bonds before their maturity dates. Fixed-income securities subject to prepayment can offer less
potential for gains during a declining interest rate environment and similar or greater potential
for loss in a rising interest rate environment. In times of rising interest rates, prepayments will
slow causing portfolio securities considered short or intermediate term to be long-term
securities, which fluctuate more widely in response to changes in interest rates than shorter term
securities. Limited trading opportunities for certain fixed-income securities may make it more
difficult to sell or buy a security at a favorable price or time. Changes in market conditions and
government policies may lead to periods of heightened volatility and reduced liquidity in the
fixed-income securities market, and could result in an increase in redemptions. Interest rate
changes and their impact on the Fund and its share price can be sudden and unpredictable.