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Trending ETFs

Dana Large Cap Equity Fund

mutual fund
DLCIX
Payout Change
Pending
Price as of:
$26.08 +0.19 +0.73%
primary theme
U.S. Large-Cap Blend Equity
share class
DLCIX (Mutual Fund)

Dana Large Cap Equity Fund

Payout Change
Pending
Price as of:
$26.08 +0.19 +0.73%
primary theme
U.S. Large-Cap Blend Equity
share class
DLCIX (Mutual Fund)

Dana Large Cap Equity Fund

Payout Change
Pending
Price as of:
$26.08 +0.19 +0.73%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 10/11/2024

Price

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

$26.08

$73 M

0.57%

$0.15

0.91%

Vitals

YTD Return

24.4%

1 yr return

39.2%

3 Yr Avg Return

9.7%

5 Yr Avg Return

13.8%

Net Assets

$73 M

Holdings in Top 10

38.5%

52 WEEK LOW AND HIGH

$25.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

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

$26.08

$73 M

0.57%

$0.15

0.91%

DLCIX - Profile

Distributions

  • YTD Total Return 24.4%
  • 3 Yr Annualized Total Return 9.7%
  • 5 Yr Annualized Total Return 13.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Dana Large Cap Equity Fund
  • Fund Family Name
    Dana Investment
  • Inception Date
    Oct 29, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Duane Roberts

Fund Description

The Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by the Adviser for its private clients since 1999. The investment process seeks to minimize volatility (and thus, control risk) by utilizing several strategies including, but not limited to, rebalancing the portfolio quarterly to be within 1% of its target benchmark sector weights, relatively equally weighting position sizes within each sector, and maintaining positions at less than 4% of the portfolio. In cases of holdings in the benchmark that are over 4%, the Fund has the flexibility to hold above 4% position weights, up to 110% of the weight of the holding within the benchmark, subject to the diversification limitations of the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s benchmark is the Standard & Poor’s 500® Index (“S&P 500”). “Sector-neutral, relative-value” refers to the Adviser striving to keep sector diversification within the Fund’s portfolio similar to that in its target benchmark. To do this, the Adviser will generally emphasize valuation metrics within each sector when analyzing securities. Valuation metrics may include evaluating the pricing of a security based off its price to earnings ratio, price to cash flow ratio, price to book value ratio and earnings to growth ratio.

The Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies listed on major U.S. exchanges, based on market capitalization. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in large cap equity securities, which the Adviser defines as companies having a market capitalization of over $10 billion at the time of purchase. While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $10 billion, respectively). The Fund portfolio is designed to resemble the broad large-cap market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.

The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company’s fundamentals are no longer compatible with the Fund’s objectives or when other securities offer a more attractive investment opportunity. Top-down risk controls would include sector neutrality to the Fund’s benchmark with relatively equal weighted positions generally limited to a maximum 4% weighting, subject to the exceptions described above. Such controls have historically reduced volatility by ensuring the portfolio is well diversified and not over concentrated to any particular sector or security.

In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (“REITs”), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds (“ETFs”). The Fund may invest in ETFs to gain market exposure when there are significant cash flows.

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DLCIX - Performance

Return Ranking - Trailing

Period DLCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.4% -59.4% 39.1% 17.99%
1 Yr 39.2% -54.9% 57.0% 9.09%
3 Yr 9.7%* -23.6% 17.2% 60.62%
5 Yr 13.8%* -7.7% 111.4% 67.45%
10 Yr 12.4%* 0.6% 53.3% 57.29%

* Annualized

Return Ranking - Calendar

Period DLCIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -42.6% 47.4% 92.20%
2022 -25.7% -56.3% -4.2% 79.48%
2021 12.5% -27.2% 537.8% 68.60%
2020 9.3% -22.5% 2181.7% 65.14%
2019 20.0% -13.5% 40.4% 68.42%

Total Return Ranking - Trailing

Period DLCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.4% -59.4% 39.1% 17.99%
1 Yr 39.2% -54.9% 57.0% 9.09%
3 Yr 9.7%* -23.6% 17.2% 60.62%
5 Yr 13.8%* -7.7% 111.4% 67.45%
10 Yr 12.4%* 0.6% 53.3% 57.29%

* Annualized

Total Return Ranking - Calendar

Period DLCIX Return Category Return Low Category Return High Rank in Category (%)
2023 19.5% -5.0% 47.4% 72.95%
2022 -18.4% -36.8% -2.2% 55.60%
2021 27.5% 3.0% 537.8% 40.12%
2020 12.4% -15.8% 2266.0% 79.12%
2019 34.5% -0.4% 241.3% 4.71%

NAV & Total Return History


DLCIX - Holdings

Concentration Analysis

DLCIX Category Low Category High DLCIX % Rank
Net Assets 73 M 2.34 M 1.55 T 90.36%
Number of Holdings 54 2 4002 75.79%
Net Assets in Top 10 27.2 M 979 K 517 B 90.53%
Weighting of Top 10 38.46% 0.3% 112.9% 41.30%

Top 10 Holdings

  1. Apple, Inc. 6.79%
  2. Microsoft Corp. 6.75%
  3. NVIDIA Corp. 6.29%
  4. Alphabet, Inc. 4.13%
  5. Amazon.com, Inc. 3.86%
  6. Broadcom, Inc. 2.50%
  7. Meta Platforms, Inc. 2.15%
  8. Reinsurance Group of America, Inc. 2.01%
  9. Bank of New York Mellon Corp./The 2.01%
  10. Huntington Ingalls Industries, Inc. 1.98%

Asset Allocation

Weighting Return Low Return High DLCIX % Rank
Stocks
99.06% 0.00% 105.85% 46.64%
Cash
0.94% 0.00% 99.07% 52.15%
Preferred Stocks
0.00% 0.00% 2.53% 64.29%
Other
0.00% -13.91% 100.00% 71.34%
Convertible Bonds
0.00% 0.00% 5.54% 62.79%
Bonds
0.00% 0.00% 94.06% 65.75%

Stock Sector Breakdown

Weighting Return Low Return High DLCIX % Rank
Technology
25.04% 0.00% 48.94% 33.97%
Financial Services
13.56% 0.00% 55.59% 47.07%
Healthcare
12.50% 0.00% 52.29% 82.93%
Consumer Cyclical
9.27% 0.00% 30.33% 70.40%
Industrials
8.86% 0.00% 29.90% 52.93%
Communication Services
8.78% 0.00% 27.94% 41.30%
Consumer Defense
7.98% 0.00% 47.71% 24.57%
Energy
4.84% 0.00% 41.64% 29.68%
Basic Materials
3.15% 0.00% 25.70% 33.80%
Real Estate
3.12% 0.00% 31.91% 33.80%
Utilities
2.89% 0.00% 20.91% 35.70%

Stock Geographic Breakdown

Weighting Return Low Return High DLCIX % Rank
US
99.06% 0.00% 105.85% 36.92%
Non US
0.00% 0.00% 64.54% 70.61%

DLCIX - Expenses

Operational Fees

DLCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 19.75% 42.14%
Management Fee 0.65% 0.00% 1.90% 73.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% 35.80%

Sales Fees

DLCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DLCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 26.62%

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.

DLCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 268.00% 59.87%

DLCIX - Distributions

Dividend Yield Analysis

DLCIX Category Low Category High DLCIX % Rank
Dividend Yield 0.57% 0.00% 25.47% 3.00%

Dividend Distribution Analysis

DLCIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

DLCIX Category Low Category High DLCIX % Rank
Net Income Ratio 0.65% -54.00% 2.44% 52.85%

Capital Gain Distribution Analysis

DLCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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DLCIX - Fund Manager Analysis

Managers

Duane Roberts


Start Date

Tenure

Tenure Rank

Mar 01, 2010

12.26

12.3%

DUANE R. ROBERTS, CFA, Director of Equities and Portfolio Manager Duane joined Dana Investment Advisors in June 1999 and is currently Director of Equities and an equity Portfolio Manager. Duane graduated from Rice University with a BS in Electrical Engineering and Mathematics in 1980. He earned an MS in Statistics from Stanford University in 1981 and an MBA in Finance from Southern Methodist University in 1999. Duane is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.

Greg Dahlman


Start Date

Tenure

Tenure Rank

Mar 01, 2010

12.26

12.3%

GREG DAHLMAN, CFA, Senior Vice President, Portfolio Manager Greg joined Dana Investment Advisors in March 2006 and is currently a Senior Vice President, Portfolio Manager. Greg graduated magna cum laude from the University of Wisconsin-Whitewater with a BBA in Finance and Economics in 1985. Greg has been managing equity portfolios since 1990 and is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Milwaukee.

David Stamm


Start Date

Tenure

Tenure Rank

Mar 01, 2010

12.26

12.3%

DAVID M. STAMM, CFA, Senior Vice President, Portfolio Manager Dave joined Dana Investment Advisors in August 2007 and is currently a Senior Vice President, Portfolio Manager. Dave graduated from Valparaiso University with a BSBA in International Business in 1997. Dave has been in the investment industry since 1997 and managing equity portfolios since 2000. He is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Milwaukee.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42