Dana Large Cap Equity Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
23.6%
1 yr return
36.2%
3 Yr Avg Return
6.8%
5 Yr Avg Return
12.5%
Net Assets
$73 M
Holdings in Top 10
38.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DLCEX - Profile
Distributions
- YTD Total Return 23.6%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 12.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.40%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDana Large Cap Equity Fund
-
Fund Family NameDana Investment
-
Inception DateMar 01, 2010
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDuane Roberts
Fund Description
The Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by the Adviser for its private clients since 1999. The investment process seeks to minimize volatility (and thus, control risk) by utilizing several strategies including, but not limited to, rebalancing the portfolio quarterly to be within 1% of its target benchmark sector weights, relatively equally weighting position sizes within each sector, and maintaining positions at less than 4% of the portfolio. In cases of holdings in the benchmark that are over 4%, the Fund has the flexibility to hold above 4% position weights, up to 110% of the weight of the holding within the benchmark, subject to the diversification limitations of the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s benchmark is the Standard & Poor’s 500® Index (“S&P 500”). “Sector-neutral, relative-value” refers to the Adviser striving to keep sector diversification within the Fund’s portfolio similar to that in its target benchmark. To do this, the Adviser will generally emphasize valuation metrics within each sector when analyzing securities. Valuation metrics may include evaluating the pricing of a security based off its price to earnings ratio, price to cash flow ratio, price to book value ratio and earnings to growth ratio.
The Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies listed on major U.S. exchanges, based on market capitalization. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in large cap equity securities, which the Adviser defines as companies having a market capitalization of over $10 billion at the time of purchase. While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $10 billion, respectively). The Fund portfolio is designed to resemble the broad large-cap market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.
The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company’s fundamentals are no longer compatible with the Fund’s objectives or when other securities offer a more attractive investment opportunity. Top-down risk controls would include sector neutrality to the Fund’s benchmark with relatively equal weighted positions generally limited to a maximum 4% weighting, subject to the exceptions described above. Such controls have historically reduced volatility by ensuring the portfolio is well diversified and not over concentrated to any particular sector or security.
In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (“REITs”), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds (“ETFs”). The Fund may invest in ETFs to gain market exposure when there are significant cash flows.
DLCEX - Performance
Return Ranking - Trailing
Period | DLCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 23.6% | 3.2% | 34.6% | 10.81% |
1 Yr | 36.2% | 6.3% | 52.4% | 8.03% |
3 Yr | 6.8%* | -7.6% | 14.2% | 56.59% |
5 Yr | 12.5%* | -8.3% | 109.3% | 70.36% |
10 Yr | 11.0%* | -0.4% | 52.3% | 63.45% |
* Annualized
Return Ranking - Calendar
Period | DLCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -42.6% | 47.4% | 92.26% |
2022 | -25.6% | -56.3% | -4.2% | 79.41% |
2021 | 12.5% | -27.2% | 537.8% | 68.83% |
2020 | 9.3% | -22.5% | 2181.7% | 65.40% |
2019 | 20.0% | -13.5% | 40.4% | 68.24% |
Total Return Ranking - Trailing
Period | DLCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 23.6% | 3.2% | 34.6% | 10.81% |
1 Yr | 36.2% | 6.3% | 52.4% | 8.03% |
3 Yr | 6.8%* | -7.6% | 14.2% | 56.59% |
5 Yr | 12.5%* | -8.3% | 109.3% | 70.36% |
10 Yr | 11.0%* | -0.4% | 52.3% | 63.45% |
* Annualized
Total Return Ranking - Calendar
Period | DLCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.2% | -5.0% | 47.4% | 74.57% |
2022 | -18.6% | -36.8% | -2.2% | 59.39% |
2021 | 27.2% | 3.0% | 537.8% | 44.33% |
2020 | 12.1% | -15.8% | 2266.0% | 80.71% |
2019 | 34.2% | -0.4% | 241.3% | 4.99% |
NAV & Total Return History
DLCEX - Holdings
Concentration Analysis
DLCEX | Category Low | Category High | DLCEX % Rank | |
---|---|---|---|---|
Net Assets | 73 M | 2.34 M | 1.55 T | 90.41% |
Number of Holdings | 54 | 2 | 3963 | 75.39% |
Net Assets in Top 10 | 27.2 M | 1.07 M | 517 B | 90.82% |
Weighting of Top 10 | 38.46% | 0.3% | 112.9% | 40.86% |
Top 10 Holdings
- Apple, Inc. 6.79%
- Microsoft Corp. 6.75%
- NVIDIA Corp. 6.29%
- Alphabet, Inc. 4.13%
- Amazon.com, Inc. 3.86%
- Broadcom, Inc. 2.50%
- Meta Platforms, Inc. 2.15%
- Reinsurance Group of America, Inc. 2.01%
- Bank of New York Mellon Corp./The 2.01%
- Huntington Ingalls Industries, Inc. 1.98%
Asset Allocation
Weighting | Return Low | Return High | DLCEX % Rank | |
---|---|---|---|---|
Stocks | 99.06% | 0.00% | 105.85% | 47.60% |
Cash | 0.94% | 0.00% | 99.07% | 51.26% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 23.88% |
Other | 0.00% | -13.91% | 100.00% | 45.74% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 19.56% |
Bonds | 0.00% | 0.00% | 94.06% | 25.83% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DLCEX % Rank | |
---|---|---|---|---|
Technology | 25.04% | 0.00% | 48.94% | 33.91% |
Financial Services | 13.56% | 0.00% | 55.59% | 47.06% |
Healthcare | 12.50% | 0.00% | 52.29% | 82.96% |
Consumer Cyclical | 9.27% | 0.00% | 30.33% | 70.39% |
Industrials | 8.86% | 0.00% | 29.90% | 52.85% |
Communication Services | 8.78% | 0.00% | 27.94% | 40.78% |
Consumer Defense | 7.98% | 0.00% | 47.71% | 24.48% |
Energy | 4.84% | 0.00% | 41.64% | 29.45% |
Basic Materials | 3.15% | 0.00% | 25.70% | 33.58% |
Real Estate | 3.12% | 0.00% | 31.91% | 33.50% |
Utilities | 2.89% | 0.00% | 20.91% | 35.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DLCEX % Rank | |
---|---|---|---|---|
US | 99.06% | 0.00% | 105.85% | 37.86% |
Non US | 0.00% | 0.00% | 64.54% | 35.26% |
DLCEX - Expenses
Operational Fees
DLCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.16% | 0.01% | 19.75% | 27.15% |
Management Fee | 0.65% | 0.00% | 1.90% | 71.27% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.28% |
Administrative Fee | N/A | 0.00% | 0.85% | 34.32% |
Sales Fees
DLCEX 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
DLCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 13.67% |
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.
DLCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 268.00% | 59.71% |
DLCEX - Distributions
Dividend Yield Analysis
DLCEX | Category Low | Category High | DLCEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.33% | 0.00% | 25.47% | 3.42% |
Dividend Distribution Analysis
DLCEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DLCEX | Category Low | Category High | DLCEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.40% | -54.00% | 2.44% | 67.30% |
Capital Gain Distribution Analysis
DLCEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 06, 2024 | $0.021 | OrdinaryDividend |
Dec 27, 2023 | $0.055 | OrdinaryDividend |
Dec 27, 2023 | $2.509 | CapitalGainLongTerm |
Sep 08, 2023 | $0.041 | OrdinaryDividend |
Jun 09, 2023 | $0.054 | OrdinaryDividend |
Mar 10, 2023 | $0.041 | OrdinaryDividend |
Dec 28, 2022 | $1.706 | OrdinaryDividend |
Sep 09, 2022 | $0.066 | OrdinaryDividend |
Jun 10, 2022 | $0.057 | OrdinaryDividend |
Mar 11, 2022 | $0.033 | OrdinaryDividend |
Dec 28, 2021 | $0.033 | OrdinaryDividend |
Dec 28, 2021 | $0.658 | CapitalGainShortTerm |
Dec 28, 2021 | $2.711 | CapitalGainLongTerm |
Sep 10, 2021 | $0.032 | OrdinaryDividend |
Jun 11, 2021 | $0.030 | OrdinaryDividend |
Mar 12, 2021 | $0.018 | OrdinaryDividend |
Dec 28, 2020 | $0.471 | OrdinaryDividend |
Sep 11, 2020 | $0.027 | OrdinaryDividend |
Jun 12, 2020 | $0.051 | OrdinaryDividend |
Mar 13, 2020 | $0.036 | OrdinaryDividend |
Dec 27, 2019 | $0.066 | OrdinaryDividend |
Dec 27, 2019 | $2.299 | CapitalGainLongTerm |
Sep 13, 2019 | $0.056 | OrdinaryDividend |
Jun 14, 2019 | $0.088 | OrdinaryDividend |
Mar 15, 2019 | $0.047 | OrdinaryDividend |
Dec 27, 2018 | $0.126 | OrdinaryDividend |
Dec 27, 2018 | $2.139 | CapitalGainLongTerm |
Sep 14, 2018 | $0.078 | OrdinaryDividend |
Jun 15, 2018 | $0.066 | OrdinaryDividend |
Mar 15, 2018 | $0.040 | OrdinaryDividend |
Dec 27, 2017 | $0.073 | OrdinaryDividend |
Dec 27, 2017 | $0.738 | CapitalGainLongTerm |
Sep 15, 2017 | $0.059 | OrdinaryDividend |
Jun 15, 2017 | $0.056 | OrdinaryDividend |
Mar 15, 2017 | $0.047 | OrdinaryDividend |
Dec 27, 2016 | $0.100 | OrdinaryDividend |
Sep 15, 2016 | $0.049 | OrdinaryDividend |
Jun 15, 2016 | $0.053 | OrdinaryDividend |
Mar 15, 2016 | $0.052 | OrdinaryDividend |
Dec 28, 2015 | $0.049 | OrdinaryDividend |
Sep 15, 2015 | $0.043 | OrdinaryDividend |
Jun 15, 2015 | $0.040 | OrdinaryDividend |
Mar 16, 2015 | $0.037 | OrdinaryDividend |
Dec 19, 2014 | $0.033 | OrdinaryDividend |
Dec 19, 2014 | $0.114 | CapitalGainShortTerm |
Dec 19, 2014 | $0.718 | CapitalGainLongTerm |
Sep 22, 2014 | $0.047 | OrdinaryDividend |
Jun 23, 2014 | $0.048 | OrdinaryDividend |
Mar 17, 2014 | $0.047 | OrdinaryDividend |
Dec 20, 2013 | $0.035 | OrdinaryDividend |
Dec 20, 2013 | $0.178 | CapitalGainShortTerm |
Dec 20, 2013 | $0.938 | CapitalGainLongTerm |
DLCEX - Fund Manager Analysis
Managers
Duane Roberts
Start Date
Tenure
Tenure Rank
Mar 01, 2010
12.26
12.3%
DUANE R. ROBERTS, CFA, Director of Equities and Portfolio Manager Duane joined Dana Investment Advisors in June 1999 and is currently Director of Equities and an equity Portfolio Manager. Duane graduated from Rice University with a BS in Electrical Engineering and Mathematics in 1980. He earned an MS in Statistics from Stanford University in 1981 and an MBA in Finance from Southern Methodist University in 1999. Duane is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
Greg Dahlman
Start Date
Tenure
Tenure Rank
Mar 01, 2010
12.26
12.3%
GREG DAHLMAN, CFA, Senior Vice President, Portfolio Manager Greg joined Dana Investment Advisors in March 2006 and is currently a Senior Vice President, Portfolio Manager. Greg graduated magna cum laude from the University of Wisconsin-Whitewater with a BBA in Finance and Economics in 1985. Greg has been managing equity portfolios since 1990 and is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Milwaukee.
David Stamm
Start Date
Tenure
Tenure Rank
Mar 01, 2010
12.26
12.3%
DAVID M. STAMM, CFA, Senior Vice President, Portfolio Manager Dave joined Dana Investment Advisors in August 2007 and is currently a Senior Vice President, Portfolio Manager. Dave graduated from Valparaiso University with a BSBA in International Business in 1997. Dave has been in the investment industry since 1997 and managing equity portfolios since 2000. He is a CFA® charter holder and a member of the CFA Institute and the CFA Society of Milwaukee.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |