EXHIBIT (h)(4) EXPENSE LIMITATION AGREEMENT FOR KENSINGTON INTERNATIONAL REAL ESTATE FUND THIS AGREEMENT, dated as of May 1, 2006 is made and entered into by and between The Kensington Funds, a Delaware statutory trust (the "Trust"), on behalf of its...Expense Limitation Agreement • April 3rd, 2006 • Kensington Funds
ON BEHALF OFInvestment Advisory Agreement • April 3rd, 2006 • Kensington Funds • California
