Investment objective & strategy
As of Jan. 24, 2025 · prospectusObjective. The fund has an investment objective of total return, consisting of both capital appreciation and current income.
Strategy. The fund invests in a globally diversified portfolio of primarily high-quality, mature companies with high dividend yields. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. The fund invests in dividend paying equity securities of companies that are tied economically to a number of countries throughout the world, including depositary receipts. The fund typically invests in the securities of medium to large capitalization companies, but it is not limited to investing in the securities of companies of any particular size. Under normal circumstances, the fund invests at least 80% of its assets in dividend paying equity securities. Generally, the fund … The fund invests in a globally diversified portfolio of primarily high-quality, mature companies with high dividend yields. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. The fund invests in dividend paying equity securities of companies that are tied economically to a number of countries throughout the world, including depositary receipts. The fund typically invests in the securities of medium to large capitalization companies, but it is not limited to investing in the securities of companies of any particular size. Under normal circumstances, the fund invests at least 80% of its assets in dividend paying equity securities. Generally, the fund invests in approximately 25 to 50 securities at any given time.
Top holdings
As of June 30, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| INTL BUS MACH CORP | — | $2.10M | 6.35% |
| ZURICH INSURANCE | — | $1.57M | 4.74% |
| FORTIS INC | — | $1.56M | 4.71% |
| CANADIAN TIRE-A | — | $1.49M | 4.50% |
| VERIZON COMMUNICATIONS INC | — | $1.41M | 4.26% |
| BAE SYSTEMS PLC | — | $1.38M | 4.17% |
| ABBVIE INC | — | $1.26M | 3.79% |
| SOUTHERN CO | — | $1.26M | 3.79% |
| TERNA-RETE ELETT | — | $1.17M | 3.55% |
| TELENOR ASA | TEL | $1.10M | 3.31% |
Portfolio moves
Mar 31, 2025 → Jun 30, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Bahl and Gaynor Income Growth Fund · AFNAX, AFYCX, AFNIX | 12% | 0.63% |
| Pioneer Equity Income Fund | 12% | 0.68% |
| Opal Dividend Income ETF | 11% | 0.65% |
Footnotes
- Expense ratio as of January 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of June 30, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2024 (the latest prospectus does not yet chart this year).
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