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 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.9%
1 yr return
19.1%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
5.6%
Net Assets
$7.17 M
Holdings in Top 10
31.9%
Expense Ratio 3.81%
Front Load N/A
Deferred Load N/A
Turnover 496.00%
Redemption Fee N/A
Standard (Taxable)
$1,500
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Principal Investment Strategies. In seeking to achieve its investment objectives, the DCM/INNOVA Fund invests in equity securities of companies that the Advisor believes offer high dividend yields relative to the yield of the broad market averages such as the S&P 500 Total Return Index. The DCM/INNOVA Fund typically invests in common stocks and other equity securities, which may include securities issued by publicly traded master limited partnerships (MLPs) or royalty trusts, as well as preferred stocks, convertible preferred stocks, and warrants. Under normal circumstances, the DCM/INNOVA Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of U.S. and foreign companies. The DCM/INNOVA Fund may invest in companies of any market capitalization and its foreign companies may include companies domiciled in emerging markets.
The DCM/INNOVA Fund may seek to enhance the level of dividend income it receives by engaging in regional rotation trading which involves purchasing and selling equity securities of issuers domiciled in different regions of the world to capture dividend income for the DCM/INNOVA Fund. In a regional rotation trade, the DCM/INNOVA Fund would sell a stock that has declared its dividend and no longer trades with an entitlement to the dividend, and purchase a stock in another region that is about to declare a dividend. By entering into a series of such trades, the DCM/INNOVA Fund seeks to augment the amount of dividend income it receives over the course of a year.
The DCM/INNOVA Fund may invest in companies of any market capitalization.
In addition to investing in equity securities that offer high dividend yields, the Advisor may seek to generate income from selling covered call options on securities in the DCM/INNOVA Fund. The use of covered call options in combination with the purchase of equity securities allows for the inclusion of undervalued, non-dividend paying stocks in the DCM/INNOVA Fund’s portfolio while still satisfying the Fund’s goal of generating investment income. Securities so purchased will be selected based upon the Advisor’s determination of the attractiveness and risk profile of the underlying stock as well as the income potential of selling covered call options on the security. The Advisor may seek to use the above strategies to structure the DCM/INNOVA Fund’s investment portfolio in such a way as to seek to achieve an income yield superior to that of the S&P 500 Total Return Index. The DCM/INNOVA Fund may also invest in non-dividend paying stocks without selling covered call options if the Advisor believes the stocks can produce significant capital appreciation. The DCM/INNOVA Fund primarily invests in securities of U.S. companies, but may also invest in foreign companies.
In selecting common stocks and other equity securities for the DCM/INNOVA Fund, the Advisor seeks to identify companies that it understands well and that possess one or more of the following characteristics:
● | Positive (or projected positive) revenue or profit trends; |
● | Healthy balance sheet, characterized by ample cash relative to debt, efficient working capital management, high or increasing liquidity, or other metrics that the Advisor believes indicate the company’s ability to withstand unexpected shocks, reinvest in the business, and improve its business prospects and circumstances; |
● | Strong free cash flow generation; |
● | Powerful and sustainable competitive advantages; |
● | Management team that: (i) operates the business well and has a sound strategy to build it over time; (ii) allocates capital wisely to enhance shareholder value; and (iii) has high integrity; or |
● | Policies (e.g., compensation structures) that do not significantly dilute shareholders’ ownership. |
In addition to the above criteria the Advisor will consider high dividend yields when selecting stocks. The Advisor seeks to identify companies whose stocks are trading, in the opinion of the Advisor, at a substantial discount to the intrinsic value, however, the Advisor may select stocks with a somewhat modest discount to the Advisor’s estimate of intrinsic value if the Advisor believes that the security’s dividend yield is sufficiently high, secure, and/or likely to grow over time.
The DCM/INNOVA Fund will generally consider selling a security when, in the portfolio manager’s opinion, there is a risk of significant deterioration in the company’s fundamentals, or there is a change in business strategy or issuer-specific business outlook that affects the original investment case. The DCM/INNOVA Fund will also consider selling a security if, in the portfolio manager’s opinion, a superior investment opportunity arises. Also, the DCM/INNOVA Fund may consider selling a security as part of the Fund’s regional rotation trading strategy. The DCM/INNOVA Fund may engage in active and frequent trading to achieve its investment objectives, and the Fund’s regional rotation strategy may increase the rate of portfolio turnover. In addition, frequently purchasing stocks in a short period prior to the ex-dividend date (the interval between the announcement and the payment of the next dividend) increases the amount of trading costs the DCM/INNOVA Fund will incur and the potential for capital loss or gain, particularly in the event of significant short-term price movements of stocks subject to dividend capture trading. Dividend capture trading generally involves owning a stock long enough to collect the dividend and then selling it and using the proceeds to purchase a different dividend-paying stock. The DCM/INNOVA Fund’s portfolio turnover rate is expected to be 100% or more.
Period | TILDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 0.3% | 17.0% | 93.16% |
1 Yr | 19.1% | 3.7% | 53.6% | 93.95% |
3 Yr | -0.5%* | -10.3% | 30.6% | 98.62% |
5 Yr | 5.6%* | -7.9% | 109.2% | 99.38% |
10 Yr | 5.3%* | 0.4% | 21.0% | 97.83% |
* Annualized
Period | TILDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.1% | -42.6% | 47.4% | 74.22% |
2022 | -31.7% | -56.3% | -4.2% | 94.57% |
2021 | 11.2% | -27.2% | 53.7% | 72.08% |
2020 | 5.1% | -36.2% | 2181.7% | 82.97% |
2019 | 13.5% | -22.7% | 40.4% | 90.72% |
Period | TILDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | 0.3% | 17.0% | 93.16% |
1 Yr | 19.1% | 3.7% | 53.6% | 93.95% |
3 Yr | -0.5%* | -10.3% | 30.6% | 98.62% |
5 Yr | 5.6%* | -7.9% | 109.2% | 99.38% |
10 Yr | 5.3%* | 0.4% | 21.0% | 97.83% |
* Annualized
Period | TILDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.8% | -5.0% | 47.4% | 78.92% |
2022 | -26.4% | -36.8% | -2.2% | 98.96% |
2021 | 17.8% | 3.0% | 124.3% | 94.64% |
2020 | 12.8% | -15.8% | 2266.0% | 77.57% |
2019 | 15.2% | -0.4% | 241.3% | 99.20% |
TILDX | Category Low | Category High | TILDX % Rank | |
---|---|---|---|---|
Net Assets | 7.17 M | 2.59 M | 1.55 T | 99.30% |
Number of Holdings | 426 | 1 | 4053 | 23.46% |
Net Assets in Top 10 | 2.22 M | 885 K | 387 B | 99.14% |
Weighting of Top 10 | 31.89% | 0.3% | 112.0% | 59.11% |
Weighting | Return Low | Return High | TILDX % Rank | |
---|---|---|---|---|
Stocks | 97.53% | 0.00% | 124.03% | 72.79% |
Cash | 2.47% | 0.00% | 99.06% | 26.97% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 70.76% |
Other | 0.00% | -13.91% | 100.00% | 73.73% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 69.33% |
Bonds | 0.00% | -0.50% | 94.15% | 71.77% |
Weighting | Return Low | Return High | TILDX % Rank | |
---|---|---|---|---|
Technology | 24.59% | 0.00% | 48.94% | 44.39% |
Financial Services | 15.49% | 0.00% | 55.59% | 25.86% |
Consumer Cyclical | 14.61% | 0.00% | 30.33% | 5.33% |
Healthcare | 10.69% | 0.00% | 60.70% | 91.73% |
Industrials | 7.81% | 0.00% | 29.90% | 82.98% |
Communication Services | 7.04% | 0.00% | 27.94% | 71.28% |
Consumer Defense | 5.31% | 0.00% | 47.71% | 81.70% |
Utilities | 4.66% | 0.00% | 20.91% | 10.10% |
Energy | 3.84% | 0.00% | 41.64% | 60.38% |
Real Estate | 3.19% | 0.00% | 31.91% | 31.74% |
Basic Materials | 2.77% | 0.00% | 25.70% | 42.40% |
Weighting | Return Low | Return High | TILDX % Rank | |
---|---|---|---|---|
US | 97.53% | 0.00% | 124.03% | 62.16% |
Non US | 0.00% | 0.00% | 62.81% | 76.70% |
TILDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.81% | 0.01% | 16.07% | 0.71% |
Management Fee | 0.75% | 0.00% | 1.89% | 89.71% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | 39.78% |
TILDX 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 |
TILDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 41.67% |
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.
TILDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 496.00% | 0.00% | 496.00% | 100.00% |
TILDX | Category Low | Category High | TILDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.75% | 0.00% | 25.10% | 26.65% |
TILDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Quarterly | Semi-Annually |
TILDX | Category Low | Category High | TILDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.06% | -54.00% | 6.06% | 0.08% |
TILDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.017 | OrdinaryDividend |
Jan 31, 2024 | $0.007 | OrdinaryDividend |
Dec 28, 2023 | $0.015 | OrdinaryDividend |
Nov 30, 2023 | $0.031 | OrdinaryDividend |
Sep 29, 2023 | $0.021 | OrdinaryDividend |
Aug 31, 2023 | $0.078 | OrdinaryDividend |
Jul 31, 2023 | $0.043 | OrdinaryDividend |
Jun 30, 2023 | $0.071 | OrdinaryDividend |
May 31, 2023 | $0.093 | OrdinaryDividend |
Apr 28, 2023 | $0.031 | OrdinaryDividend |
Feb 28, 2023 | $0.039 | OrdinaryDividend |
Jan 31, 2023 | $0.016 | OrdinaryDividend |
Dec 29, 2022 | $0.029 | OrdinaryDividend |
Dec 01, 2022 | $0.026 | OrdinaryDividend |
Nov 30, 2022 | $0.026 | OrdinaryDividend |
Oct 03, 2022 | $0.050 | OrdinaryDividend |
Sep 01, 2022 | $0.067 | OrdinaryDividend |
Aug 01, 2022 | $0.187 | OrdinaryDividend |
Jun 30, 2022 | $0.111 | OrdinaryDividend |
May 31, 2022 | $0.156 | OrdinaryDividend |
Apr 29, 2022 | $0.062 | OrdinaryDividend |
Mar 31, 2022 | $0.089 | OrdinaryDividend |
Feb 28, 2022 | $0.029 | OrdinaryDividend |
Jan 31, 2022 | $0.029 | OrdinaryDividend |
Dec 01, 2021 | $0.087 | OrdinaryDividend |
Nov 01, 2021 | $0.053 | OrdinaryDividend |
Sep 30, 2021 | $0.079 | OrdinaryDividend |
Aug 30, 2021 | $0.012 | OrdinaryDividend |
Jul 29, 2021 | $0.024 | OrdinaryDividend |
Jun 29, 2021 | $0.113 | OrdinaryDividend |
May 27, 2021 | $0.168 | OrdinaryDividend |
Apr 30, 2021 | $0.106 | OrdinaryDividend |
Mar 31, 2021 | $0.064 | OrdinaryDividend |
Feb 25, 2021 | $0.052 | OrdinaryDividend |
Jan 28, 2021 | $0.041 | OrdinaryDividend |
Dec 30, 2020 | $0.071 | OrdinaryDividend |
Nov 27, 2020 | $0.050 | OrdinaryDividend |
Oct 29, 2020 | $0.056 | OrdinaryDividend |
Sep 29, 2020 | $0.092 | OrdinaryDividend |
Aug 28, 2020 | $0.080 | OrdinaryDividend |
Jul 30, 2020 | $0.149 | OrdinaryDividend |
Jun 29, 2020 | $0.092 | OrdinaryDividend |
May 28, 2020 | $0.061 | OrdinaryDividend |
Apr 29, 2020 | $0.028 | OrdinaryDividend |
Mar 30, 2020 | $0.028 | OrdinaryDividend |
Feb 27, 2020 | $0.026 | OrdinaryDividend |
Jan 30, 2020 | $0.054 | OrdinaryDividend |
Dec 09, 2019 | $0.174 | OrdinaryDividend |
Mar 30, 2007 | $0.020 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Nov 16, 2018
3.54
3.5%
Dr. Chopra is Senior Managing Director and Portfolio Manager, managing global, international and emerging market equity strategies at DCM Advisors, LLC. Prior to DCM Advisors, Dr. Chopra managed equity strategies at Lebenthal Asset Management, Roosevelt Investments, Mesirow Financial, Bear Stearns Asset Management, and was a Managing Partner at VKC Investments. Prior to VKC Investments, Dr. Chopra was a Portfolio Manager at Jacobs Levy Equity Management, where he co-managed over $13.0 billion in institutional active US equity, and a Director and Portfolio Manager at Deutsche Asset Management, where he co-managed $4.5 billion in global and regional equity portfolios. He has also served as portfolio manager at State Street Global Advisors, and as Vice President in international equities at Bankers Trust Company. Dr. Chopra started his investment career as Senior Research Analyst with Frank Russell Company. Dr. Chopra holds a Doctorate and MBA in Finance from Vanderbilt University, a CFA charter, and an undergraduate degree in Electrical Engineering from the Indian Institute of Technology.
Start Date
Tenure
Tenure Rank
Dec 24, 2021
0.43
0.4%
Marc Rappaport is the portfolio manager of the Lebenthal Fund. Mr. Rappaport is the Chief Executive Officer of the Advisor. Mr. Rappaport has been the Chief Executive Officer of the Advisor since May of 2019. Mr. Rappaport has experience in and knowledge of the financial industry in his role as CEO of the Advisor and his prior work experience with Alpine Woods Capital Investors and Pioneer Investments.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.21 | 2.42 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...