The Value in Rising Dividends
Investing in high-quality, dividend-growing companies with above-average yields and below-average valuations, seeking to provide current income with growth of capital.
Growing Dividends Can Result In Better Relative Returns With Less Relative Volatility
10-Year Risk/Return (7/1/14 - 6/30/24)
Standard deviation is a statistical measure of risk that indicates the historical volatility of an investment’s returns.
Past performance does not guarantee future results.The performance shown above is index performance. Indices are unmanaged and not available for direct investment.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception.
Fund Inception: 08/28/2003
Share Class Inception: 12/22/06.
Class R3-share performance prior to its inception date reflects Class Y-share performance and operating expenses. SI performance is calculated from 8/28/03.
Characteristics
# of Holdings | 73 |
---|---|
% in Equities | 99 |
% in Foreign Equities | 11 |
Beta (3 year) | 0.89 |
R Squared (3 year) | 0.96 |
Standard Deviation | 15.32% |
Turnover | 39% |
Active Share | 81% |
Dividend Frequency | Quarterly |
FUND | Russell 1000 Value Index | |
---|---|---|
Price/Earnings | 13.7x | 15.6x |
Price/Book | 2.6x | 3.0x |
EPS Growth Rate | 8.7% | 10.0% |
Asset Weighted Market Cap (billions) | $138.0 | $175.0 |
Return on Equity | 18.2% | 21.2% |
Median Market Cap (billions) | $50.4 | $14.3 |
JP Morgan Chase & Co. | 3.59 |
UnitedHealth Group, Inc. | 3.15 |
ConocoPhillips | 3.00 |
Pfizer, Inc. | 2.92 |
Johnson & Johnson | 2.69 |
Cisco Systems, Inc. | 2.06 |
Merck & Co., Inc. | 1.90 |
Crown Castle, Inc. | 1.86 |
Gilead Sciences, Inc. | 1.85 |
General Dynamics Corp. | 1.76 |
Total Portfolio % | 24.78 |
30-Day SEC Yield | 1.40 |
Unsubsidized 30-Day SEC Yield
|
1.40 |
Less than $2 billion | 0 | |
$2 billion - $5 billion | 0 | |
$5 billion - $10 billion | 1 | |
Greater than $10 billion | 99 | |
Not Classified | 0 |
Alpha (5 Year)
|
1.25 |
Down Capture (5 Year)
|
86.42 |
Information Ratio (5 Year)
|
0.10 |
Sharpe Ratio (5 Year)
|
0.61 |
Up Capture (5 Year)
|
91.75 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
6/30/24 | 8/31/24 | 8/31/24 | -4 0 4 | ||||
Utilities | 8 | 9 | 5 | ||||
Energy | 9 | 9 | 7 | ||||
Health Care | 16 | 17 | 16 | ||||
Consumer Staples | 9 | 9 | 8 | ||||
Real Estate | 6 | 6 | 5 | ||||
Information Technology | 9 | 9 | 9 | ||||
Industrials | 12 | 13 | 14 | ||||
Materials | 4 | 4 | 5 | ||||
Consumer Discretionary | 5 | 4 | 6 | ||||
Communication Services | 2 | 2 | 4 | ||||
Financials | 19 | 18 | 22 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
6/26/2024 | 20.55 | $0.0591 | $0.0000 | $0.0000 | $0.0591 |
3/26/2024 | 20.42 | $0.1008 | $0.0000 | $0.0000 | $0.1008 |
12/27/2023 | 20.06 | $0.1369 | $0.0000 | $0.0000 | $0.1369 |
12/11/2023 | 19.47 | $0.0000 | $0.0000 | $1.0807 | $1.0807 |
9/27/2023 | 19.70 | $0.0683 | $0.0000 | $0.0000 | $0.0683 |
Insights
Fund Literature