UBS US Dividend Ruler Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
20.3%
1 yr return
30.2%
3 Yr Avg Return
9.1%
5 Yr Avg Return
N/A
Net Assets
$166 M
Holdings in Top 10
49.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DVRUX - Profile
Distributions
- YTD Total Return 20.3%
- 3 Yr Annualized Total Return 9.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.72%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUBS US Dividend Ruler Fund
-
Fund Family NameUBSASSETMT
-
Inception DateJul 09, 2020
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeremy Zirin
Fund Description
Principal investments
To achieve its investment objective, the Fund invests in, or seeks exposure to, stocks with attractive growth (earnings and dividend), attractive dividend yield, quality, and valuation profiles.
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in US companies. In addition, under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in dividend paying securities. The Fund invests a substantial portion of its net assets in large-capitalization equities traded in the United States. Investments in equity securities may include but are not limited to common stock (including real estate investment trusts ("REITs")) of issuers located throughout the world, and American Depositary Receipts. The Fund may invest in issuers from both developed markets (including the United States) and emerging markets.
Under normal circumstances, the Advisor intends to invest the Fund's portfolio under the following guidelines, but reserves the right to deviate if economic and business conditions warrant:
• 20-50 stocks in the portfolio
• Companies with a market capitalization of $2.5 billion or greater
• Typical allocation to American Depository Receipts (ADRs) of 15% or less
• Minimum of 6 sectors included in the portfolio for diversification purposes
• The Fund aims to be fully invested but may allow for a cash allocation—with a range of 1-10%—for liquidity purposes.
Under certain market conditions, the Fund may, but is not required to, use exchange traded derivative instruments for risk management purposes or as part of the Fund's investment strategies. Generally, derivatives are financial contracts whose value depends upon, or is derived from, the value of an underlying asset, reference rate, index or other market factor and may relate to stocks, bonds, interest rates, credit, currencies or currency exchange rates, commodities and related indexes. The derivatives in which the Fund may invest include futures, forward currency agreements and equity participation notes. All of these derivatives may be used for risk man-
agement purposes to manage or adjust the risk profile of the Fund. Futures on currencies and forward currency agreements may also be used to hedge against a specific currency. In addition, all of the derivative instruments listed above may be used for investment (non-hedging) purposes to earn income; to enhance returns; to replace more traditional direct investments (except for forward currency agreements); or to obtain exposure to certain markets (except for forward currency agreements). The Fund also may use futures contracts on equity securities and indices to gain market exposure on its uninvested cash.
The Fund also may at times invest in ETFs and other investment companies for the purpose of gaining exposure to the stock market while maintaining liquidity.
Management process
The Advisor seeks to invest in companies that the Advisor believes have attractive current dividend yields, and strong and consistent historical and prospective dividend growth. The Advisor believes that this focus on consistent and sustainable dividend growth underscores a quality bias for the portfolio which the Advisor believes can help mitigate downside risks and deliver attractive risk-adjusted total returns through the market cycle when compared to the broader equity market.
In selecting individual securities for investment, the Advisor begins with a quantitative model to identify candidates for the portfolio. The investable universe of stocks is screened for the following metrics:
• Attractive dividend yield: Indicated dividend yield equal to or greater than the S&P 500 indicated dividend yield
• Healthy dividend growth: 10-year compound annual growth rate of dividends per share (DPS) of greater than 4%
• Strong dividend consistency: steady and stable dividend payments and growth over the last 10 years
The Advisor may modify the quantitative screening process at any time, without shareholder approval or notice.
Stocks that meet the above criteria may be eligible for inclusion in the portfolio. Stocks are then reviewed from a "bottom-up" or fundamental perspective by the Advisor, leveraging the intellectual capital of UBS Global Wealth Management ("WM"), an affiliate of the Advisor, Chief Investment Office ("CIO") equity strategists and equity sector analysts, as well as other resources. The Advisor assesses the fundamental outlook for earnings per share, dividends per share growth,
quality, and valuation—among other metrics—while determining potential upside and downside risks given current and expected market environments. This assessment is determined with the intention of owning stocks for the portfolio over a multi-year time horizon.
In addition, the Advisor constructs the portfolio taking into account several investment considerations including but not limited to: the UBS House View (a publication of macro and thematic views of WM CIO) on markets, regions, sectors and style factors. While the Advisor may receive input from multiple business units within UBS, the Advisor has final discretion in the portfolio's construction.
The Fund is classified by UBS AM (Americas) as an "ESG-integrated" fund. The Fund's investment process integrates material sustainability and/or ESG considerations into the research process for equity portfolio investments and portfolio holdings for which ESG data is available. Therefore, the Advisor does not assess every investment for ESG factors and, when it does, not every ESG factor may be identified or evaluated. ESG integration is driven by taking into account material sustainability and/or ESG risks which could impact investment returns, rather than being driven by specific ethical principles or norms. The analysis of material sustainability and/or ESG considerations can include many different aspects, including, for example, the carbon footprint, employee health and well-being, supply chain management, fair customer treatment and governance processes of a company. ESG considerations and weights considered may change over time. The Fund's portfolio managers may still invest in securities without respect to sustainability and/or ESG considerations or in securities which present sustainability and/or ESG risks, including where the portfolio managers believe the potential compensation outweighs the risks identified.
DVRUX - Performance
Return Ranking - Trailing
Period | DVRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 20.3% | -10.8% | 38.0% | 10.29% |
1 Yr | 30.2% | 3.9% | 61.3% | 16.40% |
3 Yr | 9.1%* | -4.3% | 30.5% | 17.08% |
5 Yr | N/A* | -1.0% | 45.1% | N/A |
10 Yr | N/A* | 1.5% | 25.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | DVRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.3% | -16.9% | 46.1% | 27.16% |
2022 | -9.2% | -64.7% | 4.6% | 29.13% |
2021 | 19.8% | -44.2% | 57.5% | 33.85% |
2020 | N/A | -23.2% | 285.0% | N/A |
2019 | N/A | -21.4% | 48.5% | N/A |
Total Return Ranking - Trailing
Period | DVRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 20.3% | -10.8% | 38.0% | 10.29% |
1 Yr | 30.2% | 3.9% | 61.3% | 16.40% |
3 Yr | 9.1%* | -4.3% | 30.5% | 17.08% |
5 Yr | N/A* | -1.0% | 45.1% | N/A |
10 Yr | N/A* | 1.5% | 25.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DVRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.6% | -15.9% | 46.7% | 30.48% |
2022 | -6.9% | -42.0% | 8.5% | 62.18% |
2021 | 23.3% | 3.6% | 129.7% | 78.08% |
2020 | N/A | -22.6% | 304.8% | N/A |
2019 | N/A | -12.7% | 52.1% | N/A |
NAV & Total Return History
DVRUX - Holdings
Concentration Analysis
DVRUX | Category Low | Category High | DVRUX % Rank | |
---|---|---|---|---|
Net Assets | 166 M | 1.97 M | 163 B | 82.00% |
Number of Holdings | 32 | 2 | 1727 | 93.20% |
Net Assets in Top 10 | 98.2 M | 433 K | 37.8 B | 69.05% |
Weighting of Top 10 | 49.26% | 4.4% | 99.1% | 5.61% |
Top 10 Holdings
- Microsoft Corp. 11.85%
- Broadcom, Inc. 5.71%
- Oracle Corp. 5.12%
- Taiwan Semiconductor Manufacturing Co. Ltd. 4.49%
- JPMorgan Chase Co. 4.41%
- Home Depot, Inc. 3.72%
- UnitedHealth Group, Inc. 3.60%
- Analog Devices, Inc. 3.52%
- Accenture PLC 3.50%
- Morgan Stanley 3.34%
Asset Allocation
Weighting | Return Low | Return High | DVRUX % Rank | |
---|---|---|---|---|
Stocks | 97.76% | 7.19% | 103.40% | 60.88% |
Cash | 2.24% | 0.00% | 36.15% | 31.31% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 13.68% |
Other | 0.00% | -2.59% | 36.68% | 33.88% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 8.58% |
Bonds | 0.00% | 0.00% | 78.06% | 13.04% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DVRUX % Rank | |
---|---|---|---|---|
Technology | 22.45% | 0.00% | 54.02% | 4.36% |
Financial Services | 17.72% | 0.00% | 58.05% | 66.08% |
Industrials | 14.69% | 0.00% | 42.76% | 12.33% |
Healthcare | 12.77% | 0.00% | 30.08% | 87.49% |
Consumer Cyclical | 8.97% | 0.00% | 22.74% | 15.94% |
Consumer Defense | 8.95% | 0.00% | 34.10% | 41.33% |
Energy | 4.23% | 0.00% | 54.00% | 84.43% |
Utilities | 4.03% | 0.00% | 27.04% | 57.18% |
Basic Materials | 3.16% | 0.00% | 21.69% | 55.70% |
Communication Services | 3.04% | 0.00% | 26.58% | 81.56% |
Real Estate | 0.00% | 0.00% | 90.54% | 83.69% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DVRUX % Rank | |
---|---|---|---|---|
US | 97.76% | 7.19% | 103.40% | 47.02% |
Non US | 0.00% | 0.00% | 24.08% | 36.09% |
DVRUX - Expenses
Operational Fees
DVRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.86% | 0.03% | 14.82% | 54.47% |
Management Fee | 0.50% | 0.00% | 1.50% | 32.32% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.00% | 0.50% | 29.04% |
Sales Fees
DVRUX 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
DVRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
DVRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 0.00% | 488.00% | 31.40% |
DVRUX - Distributions
Dividend Yield Analysis
DVRUX | Category Low | Category High | DVRUX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.83% | 0.00% | 16.67% | 46.97% |
Dividend Distribution Analysis
DVRUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
DVRUX | Category Low | Category High | DVRUX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.72% | -1.51% | 4.28% | 29.51% |
Capital Gain Distribution Analysis
DVRUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.300 | OrdinaryDividend |
Dec 18, 2023 | $0.103 | CapitalGainLongTerm |
Dec 19, 2022 | $0.309 | OrdinaryDividend |
Dec 20, 2021 | $0.386 | OrdinaryDividend |
Dec 18, 2020 | $0.103 | OrdinaryDividend |
DVRUX - Fund Manager Analysis
Managers
Jeremy Zirin
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Jeremy Zirin is the Head of Equities Americas for the UBS Global Wealth Management Chief Investment Office. He manages teams responsible for US equity strategy, single-security equity model portfolios and sector research. He is also a member of the Asset Allocation Committee for Wealth Management USA. His primary functional responsibilities include authoring investment strategy and equity strategy research reports, managing the firm's model portfolio shelf, and representing the UBS House View to UBS Financial Advisors, clients and the media. Jeremy is a Chartered Financial Analyst® and a member of the CFA Institute and the New York Society of Security Analysts (NYSSA). He holds an M.B.A. in finance and statistics from New York University’s Stern School of Business, and a B.S. in accounting from the State University of New York at Albany.
Edmund Tran
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Edmund Tran is a Portfolio Manager with the US Private Client Equities team of UBS Asset management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Tran was in WM CIO, where he was an equity strategist. In his role, Mr. Tran contributed to the management of the UBS US Dividend Ruler and UBS US Quality Growth At Reasonable Price model portfolios and co-authored equity strategy research reports. Prior to WM CIO, Mr. Tran was an investment associate in UBS Global Wealth Management. Mr. Tran is a CFA charterholder.
Christopher Shea
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Christopher Shea is a Senior Portfolio Manager with the US Private Client Equities team of UBS Asset Management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Shea was in WM CIO, where he was the lead portfolio strategist on a US Large Cap Core model portfolio and deputy portfolio strategist on several other model portfolios. Prior to WM CIO, he served as a portfolio manager with UBS Investment Management where he was responsible for several equity- and balanced-portfolio strategies. Mr. Shea joined UBS in 2003, and is a CFA charterholder.
Jeffrey Hans
Start Date
Tenure
Tenure Rank
Jul 09, 2020
1.89
1.9%
Jeffrey Hans is a Senior Portfolio Manager with the US Private Client Equities team of UBS Asset Management based in New York. Prior to joining UBS Asset Management in June 2020, Mr. Hans was in WM CIO, where he was lead portfolio strategist on two model portfolios (US large-cap value and US mid-cap), and has been a key contributor for stock selection and risk management since their inception. Mr. Hans joined UBS in 2012 from Citigroup where he spent five years in equity research as an analyst and senior associate covering the leisure and restaurant sectors for the number one ranked Institutional Investor Magazine analyst team. Prior to that, he worked eight years at Citi Smith Barney Wealth Management as an equity sector strategist with specialization in the industrials and consumer sectors.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.08 | 6.71 |