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Trending ETFs

Name

As of 03/26/2024

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

$11.52

$7.17 M

1.75%

$0.20

3.81%

Vitals

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%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 496.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$11.52

$7.17 M

1.75%

$0.20

3.81%

TILDX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.06%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DCM/INNOVA High Equity Income Innovation Fund
  • Fund Family Name
    Centaur Mutual Funds Trust
  • Inception Date
    Oct 11, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Vijay Chopra

Fund Description

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.

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TILDX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


TILDX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Microsoft Corp. 7.53%
  2. Apple, Inc. 6.89%
  3. Amazon.com, Inc. 3.56%
  4. Exxon Mobil Corp. 2.54%
  5. NVIDIA Corp. 2.54%
  6. Alphabet, Inc. 2.17%
  7. Eli Lilly Co. 1.78%
  8. Meta Platforms, Inc. 1.70%
  9. Alphabet, Inc. 1.63%
  10. Berkshire Hathaway, Inc. 1.54%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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%

Sales Fees

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

Trading Fees

TILDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 41.67%

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.

TILDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 496.00% 0.00% 496.00% 100.00%

TILDX - Distributions

Dividend Yield Analysis

TILDX Category Low Category High TILDX % Rank
Dividend Yield 1.75% 0.00% 25.10% 26.65%

Dividend Distribution Analysis

TILDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Semi-Annually

Net Income Ratio Analysis

TILDX Category Low Category High TILDX % Rank
Net Income Ratio 6.06% -54.00% 6.06% 0.08%

Capital Gain Distribution Analysis

TILDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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TILDX - Fund Manager Analysis

Managers

Vijay Chopra


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.

Marc Rappaport


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42