AlphaDelta Funds > Growth of Dividend Income Class Fund

Growth of Dividend Income Class Fund

The AlphaDelta Growth of Dividend Income Class Fund invests in global, dividend-paying, common equity shares which are expected to grow their dividends in the future.

Investment Objectives

The Fund’s objectives aim to achieve:

  • Long-term appreciation of capital
  • Consistent and above average current distribution yield
  • Meaningful growth in absolute level of distributions through time
SeriesClosing price*$ daily change% daily change
A$10.49$0.070.66%
F$10.74$0.070.66%
I$12.01$0.080.66%

*As of April 23, 2019. Note: Calculated and posted by Qwest Investment Fund Management Ltd.

SeriesInception date12-Mth Dist\’n Yield**6 Month1 Year2 Year2019 Ytd2018 YearSince InceptionStandard DeviationActive Share***
F2-Mar-153.3%-4.6%-0.8%1.7%11.2%-15.1%3.3%13.0%90.0%
A2-Mar-153.3%-4.9%-1.3%1.1%11.1%-15.6%2.7%13.0%90.0%

*As of Mar. 31, 2019

The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.

SeriesIncomeCapital gainsTotal
A$91.7900$0.0000$91.7900
F$358.8300$0.0000$358.8300
I$0.0000$0.0000$0.0000

Investment Strategy

The Fund manager believes long-term capital appreciation is a consequence of focusing on attractive “growth of dividend” investments. The strategy concentrates on:

Ensuring an above average distribution yield
The Fund will always hold a diversified portfolio of relatively high-yielding, high quality, large capitalization, global, dividend-paying common equities. Then implement a conservative options writing program around the equity positions to further increase the current income yield.

Holding high-quality, global, dividend-paying equities
Our dividend focus will generate an income stream for the Fund and its investors. In the coming years, growing income – not fixed income – is the only means of maintaining purchasing power.

Investor Suitability

This Fund is suitable for investors:

  • Seeking dividend income and long-term capital growth
  • Not concerned with short-term price fluctuations
  • Planning to hold their investment for the long term
  • Willing to accept medium level of risk

Portfolio Manager

DR. JOHN J. SCHMITZ PH.D., CFA

SCIVEST CAPITAL

Dr. John Schmitz has been professionally managing global equity and equity derivative investment portfolios for almost 20 years, and prior to that he acted as a consultant to investment firms and funds.Dr. Schmitz’s expertise is the portfolio management of global equities and global equity derivatives using both highly sophisticated quantitative models as well as traditional fundamental methods. Currently, Dr. Schmitz’s professional focus is on his firm’s global common equity, growth of dividends, investment strategy which is often implemented with an options writing income generating overlay.Dr. Schmitz holds a BESc (Mechanical Engineering), a BA (Economics) and a DHS (Honors Economics) from the University of Western Ontario, a MA (Economics) from the University of Toronto, and a PhD (Finance) from the Richard Ivey School of Business at the University of Western Ontario. He also holds the Chartered Financial Analyst (CFA) designation.

What Does The Fund Invest In?

The Fund focuses on global, dividend-paying, common equity shares which are expected to grow their dividends in the future. The objectives of the Fund is to provide its investors with a consistent and above average current distribution yield; meaningful growth in the absolute level of distributions through time; and meaningful long-term appreciation of capital.

Fund Characteristics

Fund SeriesFundServ CodesMgmt FeeTrailer FeeCurrent Admin Fee – Fee CapProjected Approx. MER w/ Current CapMinimum Initial InvestmentMinimum Additional InvestmentCIFSC Strategy Category (Risk Rating)
Series A1QWE 5261.80%1.00%0.48%2.28%$1,000$100Global Equity (Medium)
Series F1QWE 5220.80%0.48%1.28%$1,000$100
Series G2QWE 5240.40%0.48%0.88%$25,000$100
Series HQWE 5251.40%1.00%0.48%1.88%$25,000$100

1 The Series F funds are intended for Dealer Fee Based Account Investors only.
2 The Series G funds are intended for Portfolio Managers. Contact AlphaDelta for details.

DISCLOSURES

The information provided herein is for general information purposes only and is not intended to be a solicitation for the purchase of fund units.

 

Important information regarding the fund is set out the simplified prospectus and in other documents made publicly available, which should be reviewed prior to investment.  The returns shown above are annualized compound returns, calculated on a money weighted basis, net of all fund-level fees and expenses.  The returns assume a reinvestment of all fund distributions and do not take into account sales, redemption, distribution or optional charges or income taxes.  These historic returns are provided for general information purposes only and may not be indicative of the future returns.”

 

Qwest Investment Fund Management Ltd. Is the Investment Fund Manager of the fund. Qwest Investment Fund Management Ltd is a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer registered in the provinces of Alberta, British Columbia, Nova Scotia, Quebec, Saskatchewan and Ontario.  The firm is also registered solely as an IFM in the provinces of Newfoundland.

Manager commentaries provided above have been obtained from third party managers and do not necessarily reflect views of AlphaDelta.  AlphaDelta has not taken any steps to verify the accuracy or completeness of the information presented herein.