(

HDQVX

)

Dividend & Income Builder Fund

Seeking High Income and Capital Growth
NAV As of 08/16/19 $12.64

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Fund Facts

Details Yields Morningstar (As of 07/31/19)
08/01/12 Inception Date
$169.03M Total Net Assets (As of 07/31/19)
GROSS 2.79%
NET 1.34%
Annual Expense Ratio
(As of fiscal year end 06/30/18)
3.10% Distribution Yield at NAV
(As of 06/30/19)
30 Day SEC Yield (As of 07/31/19)
With Waivers 2.17%
Without Waivers -3.51%
Quarterly Distribution Frequency
Performance (As of 08/16/19)
0.96% 1 Day Return %
7.54% YTD Return
Category
World Allocation
LARGE VALUE
LARGE BLEND
LARGE GROWTH
MID VALUE
MID BLEND
MID GROWTH
SMALL VALUE
SMALL BLEND
SMALL GROWTH
Equity Style Box *
Important Morningstar Information

Overview

Client Commitment

A globally diversified portfolio of income-producing securities. The Fund combines dividend-paying equities of U.S. and non-U.S. companies with an allocation to fixed income securities, including but not exclusively, high-yield and investment-grade corporate bonds. The Fund employs a bottom-up stock selection process with asset allocation decisions driven by an assessment of the relative attractiveness of income opportunities and views on the market environment.

Why Invest in the Fund

    Seeks High & Rising Income

  1. We seek to provide a level of income which exceeds the average yield of global stocks and aims to provide a growing stream of income over time.
  2. Risk-Aware Asset Allocation

  3. The fixed income allocation is used opportunistically to potentially preserve capital when the portfolio management team thinks the macro environment dictates. This allows the team to seek to reduce volatility further where appropriate.
  4. Experienced Management Team

  5. Respected equity and fixed income teams with extensive investment management experience.

Featured Insights

Performance

RETURNS

(As of 06/30/2019)
(As of 07/31/2019)
Inception: Aug 01, 2012 3M YTD 1YR 3YR 5YR 10YR Since Inception
Dividend & Income Builder Fund – S Shares 2.47% 11.11% 3.28% 6.41% 3.44% - 7.11%
MSCI World Index℠ 4.00% 16.98% 6.33% 11.77% 6.60% 10.72% 10.57%
75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index 4.01% 14.85% 7.35% 9.93% 6.11% - 9.04%
Inception: Aug 01, 2012 3M YTD 1YR 3YR 5YR 10YR Since Inception
Dividend & Income Builder Fund – S Shares -0.79% 9.92% -0.92% 5.24% 3.85% - 6.86%
MSCI World Index℠ 0.94% 17.56% 3.62% 10.42% 7.05% 9.87% 10.52%
75% MSCI World/25% BBgBarc Global Agg Credit (USD Hedged) Index 1.78% 15.54% 5.37% 8.88% 6.49% - 9.01%
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
View Fees and Expenses

MORNINGSTAR PERCENTILE

(As of 06/30/2019)
(As of 07/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 59 44 37 - 13
World Allocation Category
Rank/Count
301/474 170/432 147/381 -/- 49/364
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 83 53 34 - 14
World Allocation Category
Rank/Count
401/477 207/433 137/383 -/- 57/367

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

Source: Morningstar, Inc.
This graph compares fund performance to that of the fund’s Morningstar category average and benchmark(s).

RETURNS-BASED STATISTICS

(As of 07/31/19 CLASS I SHARES)

RISK / REWARD
VS. MSCI WORLD INDEX℠

3 YEAR 5 YEAR
Information Ratio -1.10 -0.66
Alpha -1.89 -1.01
Tracking Error 4.39 4.27
Beta 0.73 0.74
R-Squared (%) 86.64 89.05

UP AND DOWN MARKET CAPTURE (%)
VS. MSCI WORLD INDEX℠

3 YEAR 5 YEAR
Up Capture Ratio 64.53 70.72
Down Capture Ratio 79.50 80.30

STANDARD DEVIATION

3 YEAR 5 YEAR
Dividend & Income Builder Fund 8.76 9.18
MSCI World Index℠ 11.16 11.67

SHARPE RATIO

3 YEAR 5 YEAR
Dividend & Income Builder Fund 0.47 0.36
MSCI World Index℠ 0.81 0.53

ANNUAL FEES & EXPENSES

(As of Fiscal Year End, 06/30/18)

CLASS S SHARES
Management Fees 0.75%
12b-1 Fees 0.25%
Other Expenses 1.79%
Total Gross Expenses 2.79%
Waivers -1.45%
Total Net Expenses 1.34%
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 11/1/19.

Characteristics

Index represents the MSCI World Index℠.

TOP HOLDINGS

(As of 07/31/2019)

% of Fund
Microsoft Corp 3.80
Pfizer Inc 2.50
GlaxoSmithKline PLC 2.37
Sanofi 1.93
Cisco Systems Inc 1.85
Nestle SA 1.78
BASF SE 1.66
Novartis AG 1.65
Medtronic PLC 1.61
Diageo PLC 1.61
TOTAL 20.76

PORTFOLIO CHARACTERISTICS

(As of 07/31/19)

FUND INDEX
Number of Holdings - Equity Issues 75 1651
Number of Holdings - Debt Issues 45 0
Market Capitalization
Weighted Average
$150.05B
$172.53B
Portfolio Turnover Rate
(1-year trailing)
39.25%
-
Price/Earnings Ratio
(1-year forward)
15.78
19.94
Price/Book Ratio
(1-year forward)
3.48
4.34
Earnings Growth Rate
(1-year forward)
1.71%
5.53%
Weighted Average Maturity
(years)
6.91
7.45
Effective Duration
(years)
4.69
0.00

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 07/31/2019)

% OF FUND % OF INDEX
Over $100B 31.66 39.96
$50B to $100B 14.31 16.17
$10B to $50B 24.14 35.89
$5B to $10B 3.44 6.53
$1B to $5B 2.42 1.23
N/A 1.94 0.21

MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS

(As of 07/31/19)

% OF FUND % OF INDEX
< 1 yr 0.59 -
1 - 3 yrs 2.23 -
3 - 5 yrs 3.39 -
5 - 7 yrs 3.95 -
7 - 10 yrs 7.74 -
10 - 20 yrs 2.17 -
> 20 yrs 0.06 -
N/A 0.54 -

REGIONAL ALLOCATION

(As of 07/31/19)

% OF FUND % OF INDEX
Europe 52.02 21.15
North America 43.40 66.35
Asia/Pacific Ex Japan 2.66 4.24
Japan 0.50 8.00
Cash & Equivalents 1.42 -

Commentary & Literature