Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
23.2%
1 yr return
34.9%
3 Yr Avg Return
6.9%
5 Yr Avg Return
16.0%
Net Assets
$47.4 M
Holdings in Top 10
39.7%
Expense Ratio 1.35%
Front Load N/A
Deferred Load N/A
Turnover 11.00%
Redemption Fee N/A
Standard (Taxable)
$25,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve its investment objective by investing principally in a diversified portfolio of common stock of large-capitalization growth companies that the Adviser believes offer (1) reasonable valuation when compared to their industry peers and (2) the potential of earnings growth. For purposes of the Fund, the Adviser defines large-capitalization companies as companies that have a market capitalization within the range represented by the companies in the S&P 500 Dow Jones Index (between $6.39 billion and $3.16 trillion as of June 6, 2024) at the time of purchase. The size of the companies in the S&P 500 Dow Jones Index will change with market conditions.
The Adviser’s investment process includes both a top-down analysis of the economic landscape and a bottom-up analysis of individual companies. The Adviser also creates economic projections consisting of factors including inflation, unemployment, interest rates, and corporate earnings. The top-down analysis begins with the Adviser’s economic projections. The Adviser considers market value expectations and projected changes in government policy, technology, industries and demographics. The Adviser then evaluates the relevant portfolio’s sector and industry weightings. The bottom-up analysis begins with the universe of large-capitalization common stocks, to which the Adviser applies its proprietary quantitative screening process and fundamental research.
Fundamental research includes the Adviser’s detailed analysis of the competitive environments of the companies under consideration, interaction with the management of those companies, a review of multiple resources to assess the companies and their respective industries, analysis of company earnings and cash flow projections, and identification of themes that could affect company and industry trends and catalysts. The Adviser continually monitors “out of favor” sectors for potential ideas.
In selecting securities for the Fund’s portfolio, the Adviser seeks to include the securities of companies the Adviser believes have growth potential, which are likely to exceed the overall market estimates and general consensus. In determining this, the Adviser looks for certain positive attributes of companies, including superior management and business models, dominant market positions, durable competitive advantages, and strong transparent financials.
The Adviser sets a target price for each security in the portfolio, which is updated periodically. When a stock reaches or exceeds its target price, the Adviser’s strategy typically requires that the security be sold. The Adviser may also sell a security when it determines there is a change in the company’s risk/return characteristics, such as when events fail to confirm the Adviser’s investment thesis or there is a loss of confidence in the company’s management. A position may also be sold when the Adviser believes other investment opportunities are more attractive or that the security is unlikely to benefit from current business, market or economic conditions.
Under normal circumstances, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in U.S. equity securities listed on a U.S. securities exchange.
Period | HVEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 23.2% | 1.1% | 49.9% | 79.26% |
1 Yr | 34.9% | 5.8% | 72.5% | 85.30% |
3 Yr | 6.9%* | -27.2% | 24.8% | 44.79% |
5 Yr | 16.0%* | -13.3% | 30.8% | 58.78% |
10 Yr | N/A* | -4.4% | 20.0% | N/A |
* Annualized
Period | HVEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 25.6% | -74.1% | 72.4% | 73.12% |
2022 | -27.0% | -85.9% | 4.7% | 18.03% |
2021 | 25.8% | -52.4% | 60.5% | 5.48% |
2020 | 25.6% | -34.3% | 145.0% | 53.03% |
2019 | 29.0% | -6.9% | 49.4% | 24.37% |
Period | HVEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 23.2% | 1.1% | 49.9% | 79.26% |
1 Yr | 34.9% | 5.8% | 72.5% | 85.30% |
3 Yr | 6.9%* | -27.2% | 24.8% | 44.79% |
5 Yr | 16.0%* | -13.3% | 30.8% | 58.78% |
10 Yr | N/A* | -4.4% | 20.0% | N/A |
* Annualized
Period | HVEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 27.7% | -4.6% | 72.4% | 80.90% |
2022 | -20.4% | -61.7% | 5.6% | 11.59% |
2021 | 25.8% | -39.8% | 118.1% | 24.23% |
2020 | 26.2% | 2.8% | 149.2% | 81.62% |
2019 | 34.3% | -5.2% | 49.4% | 39.23% |
HVEIX | Category Low | Category High | HVEIX % Rank | |
---|---|---|---|---|
Net Assets | 47.4 M | 292 K | 287 B | 93.17% |
Number of Holdings | 49 | 2 | 3061 | 66.34% |
Net Assets in Top 10 | 24.7 M | 126 K | 151 B | 93.61% |
Weighting of Top 10 | 39.70% | 0.7% | 205.0% | 85.29% |
Weighting | Return Low | Return High | HVEIX % Rank | |
---|---|---|---|---|
Stocks | 93.85% | 0.00% | 115.30% | 96.67% |
Cash | 6.15% | 0.00% | 173.52% | 3.24% |
Preferred Stocks | 0.00% | 0.00% | 10.69% | 73.45% |
Other | 0.00% | -31.50% | 50.35% | 73.18% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 69.61% |
Bonds | 0.00% | 0.00% | 102.71% | 70.39% |
Weighting | Return Low | Return High | HVEIX % Rank | |
---|---|---|---|---|
Technology | 22.32% | 0.00% | 65.70% | 91.34% |
Healthcare | 11.45% | 0.00% | 39.76% | 61.23% |
Financial Services | 11.27% | 0.00% | 43.06% | 30.84% |
Industrials | 10.37% | 0.00% | 30.65% | 11.09% |
Consumer Cyclical | 8.68% | 0.00% | 62.57% | 90.53% |
Energy | 8.47% | 0.00% | 41.09% | 4.06% |
Consumer Defense | 7.03% | 0.00% | 25.50% | 11.54% |
Communication Services | 6.75% | 0.00% | 66.40% | 81.97% |
Real Estate | 6.67% | 0.00% | 16.05% | 2.71% |
Basic Materials | 4.04% | 0.00% | 18.91% | 11.00% |
Utilities | 2.96% | 0.00% | 16.07% | 4.51% |
Weighting | Return Low | Return High | HVEIX % Rank | |
---|---|---|---|---|
US | 93.85% | 0.00% | 115.30% | 85.87% |
Non US | 0.00% | 0.00% | 75.51% | 79.93% |
HVEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.35% | 0.01% | 28.71% | 23.85% |
Management Fee | 0.74% | 0.00% | 1.50% | 77.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
HVEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
HVEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
HVEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.00% | 0.00% | 316.74% | 11.02% |
HVEIX | Category Low | Category High | HVEIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.33% | 0.00% | 27.58% | 21.80% |
HVEIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
HVEIX | Category Low | Category High | HVEIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.09% | -6.13% | 3.48% | 20.88% |
HVEIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.088 | OrdinaryDividend |
Dec 28, 2023 | $0.278 | CapitalGainLongTerm |
Dec 29, 2022 | $1.587 | OrdinaryDividend |
Dec 30, 2020 | $0.093 | OrdinaryDividend |
Dec 30, 2019 | $0.071 | OrdinaryDividend |
Dec 30, 2019 | $0.028 | CapitalGainLongTerm |
Dec 31, 2018 | $0.018 | CapitalGainShortTerm |
Dec 31, 2018 | $0.314 | CapitalGainLongTerm |
Dec 31, 2018 | $0.077 | OrdinaryDividend |
Dec 29, 2017 | $0.032 | CapitalGainShortTerm |
Dec 29, 2017 | $0.061 | OrdinaryDividend |
Dec 30, 2016 | $0.015 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 12, 2016
5.8
5.8%
Gustave J. Scacco has been the Chief Executive Officer and Chief Investment Officer of HVIA since joining the firm in February 2015. Prior to joining HVIA , Mr. Scacco was Chief Operating Officer and Senior Equity Analyst at TigerShark Management, LLC, an employee-owned hedge fund sponsor, starting in February 2011. He has many years experience as a portfolio manager and analyst. Mr. Scacco has a Bachelor of Business Administration from Adelphi University and an MBA in Finance from Hofstra University.
Start Date
Tenure
Tenure Rank
Mar 21, 2019
3.2
3.2%
Mr. Mayfield has been a Portfolio Manager of the Hudson Valley Investment Advisors Inc since joining the Adviser in 2014 and serves as the primary equity analyst of the Fund’s portfolio, overseeing risk management, industry and individual security weights, and securities research. Prior to joining the Adviser, Mr. Mayfield spent 1 year as a Personal Financial Associate at LPL Financial/First Niagara Investment Services, 3 years as a Service Associate at Lord Abbett, LLC, and 1 year in Client Services at Prudential. He has 11 years of total industry experience. Mr. Mayfield graduated Summa Cum Laude with a Bachelor of Science in Business with a concentration in Finance from SUNY New Paltz. He is a CFA charter holder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.23 | 3.08 |
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