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Copeland Dividend Growth Fund
CDGRX (Mutual Fund)
Copeland Dividend Growth Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.5%
1 yr return
26.9%
3 Yr Avg Return
7.9%
5 Yr Avg Return
9.4%
Net Assets
$40.2 M
Holdings in Top 10
19.3%
52 WEEK LOW AND HIGH
$14.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.95%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CDGRX - Profile
Distributions
- YTD Total Return 13.5%
- 3 Yr Annualized Total Return 7.9%
- 5 Yr Annualized Total Return 9.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.29%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCopeland Dividend Growth Fund
-
Fund Family NameCopeland Funds
-
Inception DateDec 28, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Brown
Fund Description
The Fund seeks to achieve its investment objectives of producing long-term capital appreciation and income generation, by applying its fundamental stock selection to purchase equities of companies with a proven track record of dividend growth. The Fund is primarily composed of common stocks, master limited partnership units (“MLPs”) and equity real estate investment trusts (“REITs”) of U.S. companies or entities that have raised their dividends for a minimum of five consecutive years and cash equivalents. The Fund will limit its investment in MLPs to no more than 25% of its net assets. An equity REIT invests the majority of its assets directly in real property and derives its income primarily from rents and from capital gains on real estate appreciation, which are realized through property sales.
Under normal market conditions, the Fund invests at least 80% of its net assets (including borrowings for investment purposes) in securities that have increased their dividend for a minimum of five consecutive years. The Fund further manages risk through its diversification strategy of allocating generally no more than 5% to a single equity security, measured at time of purchase. The Fund in general invests in companies with a market capitalization consistent with its benchmark, upon purchase. All portfolio securities must be traded on a U.S. stock exchange.
The adviser sells securities when they fail to raise their dividend or no longer meet its fundamental stock selection criteria. The adviser may engage in active and frequent trading to meet the Fund’s investment objectives.
CDGRX - Performance
Return Ranking - Trailing
| Period | CDGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.5% | 2.9% | 21.7% | 74.66% |
| 1 Yr | 26.9% | 9.6% | 35.4% | 45.21% |
| 3 Yr | 7.9%* | -8.1% | 13.3% | 7.39% |
| 5 Yr | 9.4%* | 2.0% | 13.5% | 47.53% |
| 10 Yr | 7.9%* | 1.0% | 12.2% | 54.84% |
* Annualized
Return Ranking - Calendar
| Period | CDGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.4% | -6.9% | 29.3% | 32.65% |
| 2022 | -20.2% | -37.4% | -8.2% | 44.37% |
| 2021 | 12.4% | -9.8% | 25.4% | 13.26% |
| 2020 | 3.7% | -21.0% | 25.4% | 74.24% |
| 2019 | -7.6% | -8.3% | 27.9% | 99.22% |
Total Return Ranking - Trailing
| Period | CDGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.5% | 2.9% | 21.7% | 74.66% |
| 1 Yr | 26.9% | 9.6% | 35.4% | 45.21% |
| 3 Yr | 7.9%* | -8.1% | 13.3% | 7.39% |
| 5 Yr | 9.4%* | 2.0% | 13.5% | 47.53% |
| 10 Yr | 7.9%* | 1.0% | 12.2% | 54.84% |
* Annualized
Total Return Ranking - Calendar
| Period | CDGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.8% | -0.9% | 33.0% | 22.68% |
| 2022 | -14.8% | -36.0% | -0.9% | 32.39% |
| 2021 | 26.1% | -7.8% | 33.9% | 2.87% |
| 2020 | 3.7% | -16.2% | 25.4% | 94.32% |
| 2019 | 12.3% | 7.3% | 34.8% | 98.05% |
NAV & Total Return History
CDGRX - Holdings
Concentration Analysis
| CDGRX | Category Low | Category High | CDGRX % Rank | |
|---|---|---|---|---|
| Net Assets | 40.2 M | 1.41 M | 120 B | 93.49% |
| Number of Holdings | 69 | 4 | 2696 | 28.77% |
| Net Assets in Top 10 | 7.65 M | 1.18 M | 27.7 B | 97.26% |
| Weighting of Top 10 | 19.30% | 19.3% | 118.4% | 99.66% |
Top 10 Holdings
- COSTCO WHOLESALE 2.13%
- NEXTERA ENERGY 2.06%
- MOTOROLA SOLUTIO 2.06%
- MICROSOFT CORP 1.96%
- APPLE INC 1.93%
- BROADCOM INC 1.93%
- ENSIGN GROUP INC 1.85%
- MONOLITHIC POWER 1.85%
- DOMINO'S PIZZA 1.78%
- AMPHENOL CORP-A 1.76%
Asset Allocation
| Weighting | Return Low | Return High | CDGRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.01% | 0.00% | 100.07% | 38.70% |
| Cash | 0.99% | 0.00% | 89.93% | 47.95% |
| Preferred Stocks | 0.00% | 0.00% | 19.11% | 58.56% |
| Other | 0.00% | -0.31% | 28.56% | 54.11% |
| Convertible Bonds | 0.00% | 0.00% | 26.48% | 92.76% |
| Bonds | 0.00% | 0.00% | 103.97% | 65.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CDGRX % Rank | |
|---|---|---|---|---|
| Technology | 21.26% | 3.31% | 52.93% | 22.41% |
| Healthcare | 13.43% | 0.00% | 36.30% | 41.72% |
| Consumer Cyclical | 12.60% | 0.00% | 16.01% | 5.17% |
| Industrials | 12.59% | 1.16% | 32.55% | 13.10% |
| Financial Services | 12.42% | 0.28% | 52.80% | 91.03% |
| Real Estate | 5.71% | 0.00% | 33.86% | 29.31% |
| Communication Services | 5.28% | 0.00% | 26.62% | 87.24% |
| Consumer Defense | 5.18% | 0.00% | 14.86% | 89.66% |
| Energy | 4.58% | 0.00% | 29.22% | 54.48% |
| Basic Materials | 3.98% | 0.00% | 11.49% | 76.55% |
| Utilities | 2.99% | 0.00% | 31.67% | 45.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CDGRX % Rank | |
|---|---|---|---|---|
| US | 99.01% | 0.00% | 100.07% | 38.70% |
| Non US | 0.00% | 0.00% | 21.17% | 59.59% |
CDGRX - Expenses
Operational Fees
| CDGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.95% | 0.04% | 4.67% | 6.85% |
| Management Fee | 0.75% | 0.00% | 1.25% | 90.07% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.05% |
| Administrative Fee | N/A | 0.01% | 0.28% | 50.00% |
Sales Fees
| CDGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.00% | 5.75% | 17.02% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CDGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.00% | 2.00% | 33.33% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CDGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 4.00% | 236.00% | 56.52% |
CDGRX - Distributions
Dividend Yield Analysis
| CDGRX | Category Low | Category High | CDGRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.17% | 0.00% | 10.22% | 21.92% |
Dividend Distribution Analysis
| CDGRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| CDGRX | Category Low | Category High | CDGRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.29% | -1.12% | 6.07% | 87.99% |
Capital Gain Distribution Analysis
| CDGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2023 | $0.025 | OrdinaryDividend |
| Dec 08, 2023 | $0.442 | CapitalGainLongTerm |
| Dec 09, 2022 | $0.776 | OrdinaryDividend |
| Dec 10, 2021 | $0.021 | OrdinaryDividend |
| Dec 10, 2021 | $0.352 | CapitalGainShortTerm |
| Dec 10, 2021 | $1.286 | CapitalGainLongTerm |
| Dec 11, 2019 | $0.091 | OrdinaryDividend |
| Dec 11, 2019 | $0.115 | CapitalGainShortTerm |
| Dec 11, 2019 | $2.316 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.001 | CapitalGainShortTerm |
| Dec 12, 2018 | $1.069 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.014 | OrdinaryDividend |
| Dec 13, 2017 | $0.556 | CapitalGainShortTerm |
| Dec 13, 2017 | $0.031 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.035 | OrdinaryDividend |
| Dec 15, 2016 | $0.371 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.090 | OrdinaryDividend |
| Dec 16, 2015 | $1.133 | CapitalGainLongTerm |
| Dec 16, 2015 | $0.047 | OrdinaryDividend |
| Nov 27, 2015 | $0.299 | CapitalGainLongTerm |
| Dec 16, 2014 | $0.011 | CapitalGainShortTerm |
| Dec 16, 2014 | $0.529 | CapitalGainLongTerm |
| Dec 16, 2014 | $0.027 | OrdinaryDividend |
| Nov 17, 2014 | $0.065 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.069 | CapitalGainShortTerm |
| Dec 16, 2013 | $0.223 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.068 | OrdinaryDividend |
| Mar 27, 2013 | $0.018 | OrdinaryDividend |
| Mar 27, 2013 | $0.008 | CapitalGainShortTerm |
| Mar 27, 2013 | $0.011 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.022 | OrdinaryDividend |
| Sep 27, 2012 | $0.029 | OrdinaryDividend |
| Jun 28, 2012 | $0.047 | OrdinaryDividend |
| Mar 29, 2012 | $0.028 | OrdinaryDividend |
| Sep 29, 2011 | $0.010 | OrdinaryDividend |
| Jun 29, 2011 | $0.014 | OrdinaryDividend |
| Mar 30, 2011 | $0.017 | OrdinaryDividend |
CDGRX - Fund Manager Analysis
Managers
Eric Brown
Start Date
Tenure
Tenure Rank
Dec 28, 2010
11.43
11.4%
Mr. Brown is the Founder, Chief Executive Officer and a Principal at Copeland Capital Management. Eric is a Portfolio Manager and the lead manager for the Large Cap Strategies. He is responsible for research coverage of the Utilities and MLP sectors across all domestic portfolios. While founding Copeland, he developed a proprietary fundamental model to best evaluate dividend growth stocks. Prior to forming Copeland Capital Management in 2005, Eric was a Senior Portfolio Manager with The Colony Group. He previously served as a Portfolio Manager with Bingham Legg Advisors in Boston. Earlier in his career, Mr. Brown worked in municipal bond sales and trading at Bear Stearns & Company. Eric holds a BA in Political Science from Trinity College in Hartford, CT. He also holds the Chartered Financial Analyst (CFA®) designation. He is a member of the Boston Security Analysts Society and the American Mensa Society.
Mark Giovanniello
Start Date
Tenure
Tenure Rank
Dec 28, 2010
11.43
11.4%
Mr. Giovanniello is the Chief Investment Officer of Copeland Capital Management. He is a Principal and a member of the Firm’s Management Committee. Mark is a co-portfolio manager on all U.S. Strategies and the lead manager for the Mid Cap, Smid Cap, and Small Cap Strategies. He is responsible for research coverage of the Health Care, Materials and Energy sectors. Prior to joining Copeland in August 2009, Mark was the lead portfolio manager for the Mid Cap strategy at Rorer Asset Management. Before joining Rorer, Mark spent six years at The Colony Group as the portfolio manager of the firm's Mid Cap strategy as well as the Director of Research. He was responsible for overseeing all fundamental and quantitative research supporting the firm's large-cap, mid-cap and small-cap strategies. Earlier in his career, Mark was a senior associate at the public accounting firm PricewaterhouseCoopers, where he earned his CPA while working with clients in the technology, venture capital and mutual fund industries. Mark holds a BS degree from the Carroll School of Management at Boston College. He also holds the Chartered Financial Analyst (CFA®) designation and is a member of the Philadelphia Security Analyst Society.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.38 | 2.41 |
