Hamlin High Dividend Equity Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.8%
1 yr return
20.6%
3 Yr Avg Return
10.1%
5 Yr Avg Return
12.0%
Net Assets
$1.11 B
Holdings in Top 10
47.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HHDVX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return 10.1%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.15%
- Dividend Yield 1.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHamlin High Dividend Equity Fund
-
Fund Family NameHamlin Funds
-
Inception DateMar 30, 2012
-
Shares Outstanding521563
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher D'Agnes
Fund Description
In pursuing the Fund’s investment objective, the Adviser seeks to identify and invest Fund assets in dividend-paying equity securities of companies that, in the Adviser’s opinion, are undervalued in the market. Generally, the Adviser seeks companies with the following characteristics:
● | Dividend yields at least one and one-half times that of the S&P 500 Index; |
● | History of increasing dividends and/or prospects for future dividend growth; |
● | Low debt, ample free cash flow and attractive returns on equity; |
● | Attractive valuation suggesting appreciation potential; and |
● | Company management teams with experience, significant equity ownership and a tangible commitment to paying consistent and growing dividends over time. |
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The equity securities in which the Fund invests are primarily common stocks, but may also include shares of real estate investment trusts (“REITs”) and interests in master limited partnerships (“MLPs”). The Fund may invest in companies of any market capitalization range, although the Adviser expects to invest Fund assets mostly in mid- and large-capitalization companies. The Fund will generally invest in equity securities of domestic companies, but may invest in equity securities of foreign companies and American Depositary Receipts (“ADRs”). The Adviser defines foreign companies as companies incorporated outside of the United States that do not maintain a headquarters or primary operation within the United States. Companies incorporated outside of the United States strictly for operational, tax, political, or other benefits, but which behave primarily like U.S. companies and whose securities are traded on a U.S. exchange, will not be considered foreign companies.
HHDVX - Performance
Return Ranking - Trailing
Period | HHDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -4.6% | 22.9% | 47.35% |
1 Yr | 20.6% | -5.2% | 43.4% | 67.13% |
3 Yr | 10.1%* | -3.0% | 31.6% | 18.32% |
5 Yr | 12.0%* | 0.3% | 44.3% | 24.50% |
10 Yr | 8.9%* | 1.3% | 24.9% | 43.65% |
* Annualized
Return Ranking - Calendar
Period | HHDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -24.9% | 46.1% | 23.09% |
2022 | -7.5% | -65.1% | 4.6% | 20.05% |
2021 | 25.5% | -44.2% | 57.5% | 10.17% |
2020 | 1.0% | -23.2% | 285.0% | 37.08% |
2019 | 18.7% | -21.4% | 48.5% | 54.02% |
Total Return Ranking - Trailing
Period | HHDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -4.6% | 22.9% | 47.35% |
1 Yr | 20.6% | -5.2% | 43.4% | 67.13% |
3 Yr | 10.1%* | -3.0% | 31.6% | 18.32% |
5 Yr | 12.0%* | 0.3% | 44.3% | 24.50% |
10 Yr | 8.9%* | 1.3% | 24.9% | 43.65% |
* Annualized
Total Return Ranking - Calendar
Period | HHDVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.4% | -15.9% | 46.7% | 39.58% |
2022 | -3.8% | -42.0% | 8.5% | 32.33% |
2021 | 30.9% | 3.6% | 129.7% | 10.26% |
2020 | 4.4% | -22.6% | 304.8% | 36.25% |
2019 | 21.8% | -12.7% | 52.1% | 86.69% |
NAV & Total Return History
HHDVX - Holdings
Concentration Analysis
HHDVX | Category Low | Category High | HHDVX % Rank | |
---|---|---|---|---|
Net Assets | 1.11 B | 93 | 163 B | 43.28% |
Number of Holdings | 27 | 2 | 1689 | 97.68% |
Net Assets in Top 10 | 569 M | 420 K | 33.9 B | 31.56% |
Weighting of Top 10 | 46.97% | 5.6% | 99.9% | 6.10% |
Top 10 Holdings
- BROADCOM INC COMMON STOCK 7.17%
- ARES MANAGEMENT CORP - A COMMON STOCK 4.83%
- CONOCOPHILLIPS COMMON STOCK 4.71%
- ABBVIE INC COMMON STOCK 4.57%
- ENTERPRISE PRODUCTS PARTNERS PARTNERSHIP SHARES 4.47%
- OLD REPUBLIC INTL CORP COMMON STOCK 4.45%
- LAMAR ADVERTISING CO-A REIT 4.39%
- CME GROUP INC COMMON STOCK 4.26%
- PROCTER GAMBLE CO/THE COMMON STOCK 4.11%
- MORGAN STANLEY COMMON STOCK 4.01%
Asset Allocation
Weighting | Return Low | Return High | HHDVX % Rank | |
---|---|---|---|---|
Stocks | 98.96% | 1.86% | 108.42% | 38.85% |
Cash | 1.04% | -0.79% | 38.18% | 56.86% |
Preferred Stocks | 0.00% | 0.00% | 13.88% | 64.92% |
Other | 0.00% | -3.53% | 39.72% | 67.32% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 64.32% |
Bonds | 0.00% | -0.71% | 73.23% | 64.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HHDVX % Rank | |
---|---|---|---|---|
Financial Services | 16.36% | 0.00% | 58.05% | 78.07% |
Consumer Cyclical | 13.09% | 0.00% | 22.74% | 4.58% |
Healthcare | 12.98% | 0.00% | 30.08% | 86.87% |
Consumer Defense | 11.53% | 0.00% | 34.10% | 20.64% |
Industrials | 10.47% | 0.00% | 42.76% | 61.23% |
Energy | 9.69% | 0.00% | 54.00% | 24.78% |
Technology | 7.93% | 0.00% | 54.02% | 82.99% |
Real Estate | 7.64% | 0.00% | 90.54% | 4.15% |
Utilities | 4.44% | 0.00% | 27.04% | 48.36% |
Basic Materials | 3.02% | 0.00% | 21.69% | 58.98% |
Communication Services | 2.86% | 0.00% | 26.58% | 85.32% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HHDVX % Rank | |
---|---|---|---|---|
US | 98.96% | 1.86% | 108.42% | 30.36% |
Non US | 0.00% | 0.00% | 27.89% | 74.10% |
HHDVX - Expenses
Operational Fees
HHDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.28% | 0.01% | 17.54% | 25.97% |
Management Fee | 0.85% | 0.00% | 1.50% | 94.17% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.50% |
Administrative Fee | N/A | 0.00% | 0.50% | 57.00% |
Sales Fees
HHDVX 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 | 0.95% | 5.00% | N/A |
Trading Fees
HHDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 40.00% |
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.
HHDVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 0.00% | 488.00% | 43.74% |
HHDVX - Distributions
Dividend Yield Analysis
HHDVX | Category Low | Category High | HHDVX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.50% | 0.00% | 37.10% | 65.87% |
Dividend Distribution Analysis
HHDVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Annual |
Net Income Ratio Analysis
HHDVX | Category Low | Category High | HHDVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.15% | -1.51% | 4.28% | 10.54% |
Capital Gain Distribution Analysis
HHDVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.247 | OrdinaryDividend |
Jul 03, 2023 | $0.320 | OrdinaryDividend |
Dec 30, 2022 | $0.285 | OrdinaryDividend |
Jul 01, 2022 | $0.296 | OrdinaryDividend |
Dec 31, 2021 | $0.242 | OrdinaryDividend |
Jul 01, 2021 | $0.347 | OrdinaryDividend |
Dec 31, 2020 | $0.224 | OrdinaryDividend |
Jul 01, 2020 | $0.310 | OrdinaryDividend |
Dec 31, 2019 | $0.260 | OrdinaryDividend |
Jul 01, 2019 | $0.334 | OrdinaryDividend |
Dec 31, 2018 | $0.267 | OrdinaryDividend |
Jul 02, 2018 | $0.323 | OrdinaryDividend |
Dec 29, 2017 | $0.182 | OrdinaryDividend |
Jul 03, 2017 | $0.231 | OrdinaryDividend |
Dec 30, 2016 | $0.264 | OrdinaryDividend |
Jul 01, 2016 | $0.233 | OrdinaryDividend |
Dec 31, 2015 | $0.281 | OrdinaryDividend |
Jul 01, 2015 | $0.203 | OrdinaryDividend |
Dec 31, 2014 | $0.206 | OrdinaryDividend |
Jul 01, 2014 | $0.164 | OrdinaryDividend |
Dec 31, 2013 | $0.180 | OrdinaryDividend |
HHDVX - Fund Manager Analysis
Managers
Christopher D'Agnes
Start Date
Tenure
Tenure Rank
Mar 30, 2012
10.18
10.2%
Mr. D'Agnes, CFA, Partner, Equity Portfolio Manager, joined Hamlin's predecessor, RRH Capital in July 2001. His responsibilities include equity research, stock selection, and equity portfolio construction. Prior to Hamlin, Mr. D'Agnes was an analyst in the Municipal Capital Markets group at Merrill Lynch, where he was involved in the structuring of derivative contracts for hospitals and other tax-exempt municipal issuers. He holds a Chartered Financial Analyst designation from the CFA Institute. He earned a BS in Accounting from Bucknell University.
Charles Garland
Start Date
Tenure
Tenure Rank
Mar 30, 2012
10.18
10.2%
Mr. Garland, CFA, Partner and Equity Portfolio Manager, joined Hamlin in December 2008. His responsibilities include relationship management and equity portfolio management. Prior to joining Hamlin, Mr. Garland co-managed a technology stock portfolio for Millennium Partners from 2004-2008. Previously, Mr. Garland was Managing Director at Deutsche Bank and predecessor company, Alex Brown & Sons, where he held positions in proprietary trading, institutional sales management and institutional sales from 1993-2004. Mr. Garland began his career at Brown Brothers, Harriman & Co, where he worked from 1989-1993 in the international institutional sales department. He lived overseas in Paris and London for eight of over twenty years in the investment business. Mr. Garland holds a Chartered Financial Analyst designation from the CFA Institute.
Michael Tang
Start Date
Tenure
Tenure Rank
Jul 01, 2020
1.92
1.9%
Michael M. Tang, CFA, Partner and Portfolio Manager, joined Hamlin Capital Management in January 2013. His responsibilities at Hamlin include equity research and portfolio management. Prior to joining Hamlin, Mr. Tang was an equity research associate at Barclays and helped cover the leisure and gaming equipment sectors. Previously, Mr. Tang was an investment banking analyst at Lehman Brothers, where he worked on convertible debt origination, accelerated share repurchases, and other derivative-related transactions as part of the Equity-Linked and Hybrid Solutions group. Mr. Tang holds a Chartered Financial Analyst designation from the CFA Institute and is a member of the Board of Trustees for the East Harlem School.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.01 | 16.42 |