Investment objective & strategy
As of April 29, 2025 · prospectusObjective. This Fund seeks dividend income and long-term capital appreciation.
Strategy. This Fund normally invests at least 65% of its assets in equity securities of dividend paying companies that the sub-adviser expects to increase their dividends over time and also provide long-term appreciation. The Fund principally invests in common stock. This Fund may invest up to 25% of its assets in securities of companies outside the U.S. not including American Depositary Receipts (ADRs) and securities of foreign companies registered in the U.S. The Fund generally holds large- and mid-capitalization companies. In selecting investments, the sub-adviser favors companies with one or more of the following: either a track record of, or the potential for, above-average earnings and dividend growth; ? a competitive current dividend yield; ? a sound balance sheet and solid … This Fund normally invests at least 65% of its assets in equity securities of dividend paying companies that the sub-adviser expects to increase their dividends over time and also provide long-term appreciation. The Fund principally invests in common stock. This Fund may invest up to 25% of its assets in securities of companies outside the U.S. not including American Depositary Receipts (ADRs) and securities of foreign companies registered in the U.S. The Fund generally holds large- and mid-capitalization companies. In selecting investments, the sub-adviser favors companies with one or more of the following: either a track record of, or the potential for, above-average earnings and dividend growth; ? a competitive current dividend yield; ? a sound balance sheet and solid cash flow to support future dividend increases; ? a sustainable competitive advantage and leading market position; and ? attractive valuations, such as low price/earnings, price/cash flow, or price/sales ratios. ? The sub-adviser may sell a holding when it appreciates to a stated target, it fails to perform as expected or when other opportunities appear more attractive. The Fund may lend its portfolio holdings to certain financial institutions.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLE INC | — | $36.86M | 5.10% |
| MICROSOFT CORP | — | $32.25M | 4.46% |
| BROADCOM INC | — | $22.84M | 3.16% |
| JPMORGAN CHASE and CO | — | $22.11M | 3.06% |
| VISA INC-CLASS A | — | $18.59M | 2.57% |
| EXXON MOBIL CORP | — | $15.33M | 2.12% |
| CHUBB LTD | — | $14.59M | 2.02% |
| GENERAL ELECTRIC CO | — | $14.50M | 2.01% |
| WALMART INC | — | $13.47M | 1.86% |
| BANK OF AMERICA CORPORATION | — | $12.65M | 1.75% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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. |
|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. · PRDGX, TADGX, PDGIX, TRZDX | 98% | 0.00% |
| T. Rowe Price Dividend Growth ETF · TDVG | 91% | 0.50% |
| VANGUARD DIVIDEND APPRECIATION INDEX FUND · VIG, VDADX | 48% | 0.04% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Sub-adviser |
| Pacific Life Fund Advisors LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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