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Trending ETFs

Name

As of 06/18/2024

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

$8.69

$24.1 M

1.17%

$0.10

2.79%

Vitals

YTD Return

4.5%

1 yr return

8.4%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

2.1%

Net Assets

$24.1 M

Holdings in Top 10

21.1%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 309.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

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

$8.69

$24.1 M

1.17%

$0.10

2.79%

PWDCX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.89%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Donoghue Forlines Dividend Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    Nov 25, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Thompson

Fund Description

The Fund’s investment adviser seeks to achieve the Fund’s investment objectives by seeking to track the FCF Risk Managed Sector Neutral Dividend Index (the Dividend Index”) that provides a formulaic methodology for allocating investment between securities of issuers who demonstrate higher free cash flow and dividend yield and short-term treasuries (maturity of 1 to 3 years).

The methodology of the Dividend Index is designed to convey the benefits of high free cash flow and dividend yield, sector diversification and equal weighting. In seeking to track the Dividend Index, the adviser buys equity securities in the Fund as described below when the index’s indicators are positive and sells them when its indicators are significantly negative. As described below, the Fund typically invests in as many as 50 equity securities but this may fluctuate based on the Index.

The Dividend Index is reconstituted and rebalanced quarterly during March, June, September, and December. The Dividend Index establishes an equity portfolio typically consisting of up to 50 equity securities based on a combined profitability rank (measured by free cash flow over total equity) and dividend yield rank (measured by dividend over market capitalization) from the constituents of the Russell 1000 Value Index and a U.S. Treasury portfolio consisting of short-term treasury securities or short-term treasury ETFs. Free cash flow is the amount of cash a company produces after paying for operating and capital expenses. Only companies with positive free cash flow, payment of cash dividends for the previous four consecutive quarters, and meeting an average daily traded volume minimum over the previous six months are eligible for inclusion in the Dividend Index. Upon selection each security will receive an equal weighting with sector weightings based on the current FactSet RBICS sector weights of the Russell 1000 Value Index. If there are not enough eligible securities within a sector, inclusion will be stopped for that sector at the number of eligible securities.

The Dividend Index then applies the Adviser’s defensive tactical overlays as described below. The adviser buys equity securities when its indicators are positive and sells them when its indicators are significantly negative.

In following the Dividend Index’s methodology, the Fund will allocate its assets based on two separate exponential moving average indicators (one shorter-term and one longer-term):

Exponential Moving Average Indicators –An index’s exponential moving average value is the weighted average of its value over a certain period of time (e.g., 50 days). An exponential moving average gives more weighting to more recent values for the relevant time period.

The Index and the Fund will allocate 100% to the equity portfolio when the shorter-term exponential moving average indicator is in a bullish position. When the shorter-term exponential moving average indicator is in a defensive position, the Index and the Fund will allocate 50% of assets to U.S. Treasury portfolio. When both the shorter-term and longer-term exponential moving average indicators are in a defensive position, the Index and the Fund will allocate 100% to the U.S Treasury portfolio.

From time to time, the adviser anticipates that its defensive tactical overlay may trigger multiple “positive” or “negative” indicators over a period of several days. In such cases, the adviser, in an effort to avoid incurring additional brokerage costs to the Fund, may choose not to implement a particular “buy” or “sell” signal at the time of the trigger. Absent such circumstances, the Fund will not be actively managed and will seek to track the Dividend Index’s methodology.

While the Fund is a diversified fund, it may invest in fewer securities that other diversified funds. Accordingly, the Fund’s performance may be more sensitive to market changes than other diversified funds. In seeking to track the methodology of the Dividend Index, the Fund may engage in frequent buying and selling of portfolio securities resulting in a higher turnover rate.

Under normal circumstances, the Fund will invest at least 80% of its net assets in dividend producing securities. The Fund will typically invests in as many as 50 common stocks from the universe of stocks represented in the Russell 1000 Value Index. If the Fund holds an investment in common stock of a company that is removed from the Dividend Index, that position will be sold.

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PWDCX - Performance

Return Ranking - Trailing

Period PWDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -2.1% 29.9% 69.72%
1 Yr 8.4% -5.8% 44.6% 76.50%
3 Yr -0.5%* -20.6% 13.0% 63.89%
5 Yr 2.1%* -12.2% 23.9% 88.12%
10 Yr N/A* -4.9% 10.2% N/A

* Annualized

Return Ranking - Calendar

Period PWDCX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.1% -18.9% 60.2% 95.85%
2022 -10.9% -48.5% 0.1% 16.67%
2021 28.8% -19.0% 48.3% 1.86%
2020 -10.4% -16.5% 52.8% 98.54%
2019 -5.0% -8.5% 27.3% 95.00%

Total Return Ranking - Trailing

Period PWDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -2.1% 29.9% 69.72%
1 Yr 8.4% -5.8% 44.6% 76.50%
3 Yr -0.5%* -20.6% 13.0% 63.89%
5 Yr 2.1%* -12.2% 23.9% 88.12%
10 Yr N/A* -4.9% 10.2% N/A

* Annualized

Total Return Ranking - Calendar

Period PWDCX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.3% -11.7% 61.8% 96.77%
2022 -10.7% -48.5% 4.6% 28.24%
2021 30.3% -14.2% 48.3% 2.33%
2020 -7.5% -11.7% 77.4% 99.51%
2019 -3.9% -3.9% 28.4% 100.00%

NAV & Total Return History


PWDCX - Holdings

Concentration Analysis

PWDCX Category Low Category High PWDCX % Rank
Net Assets 24.1 M 1.98 M 13.3 B 88.53%
Number of Holdings 52 3 2550 51.38%
Net Assets in Top 10 5.21 M 1.37 M 10.3 B 95.41%
Weighting of Top 10 21.13% 21.1% 120.6% 99.54%

Top 10 Holdings

  1. VISTRA CORP 2.39%
  2. VALERO ENERGY 2.25%
  3. COMERICA INC 2.10%
  4. HASBRO INC 2.10%
  5. EOG RESOURCES 2.09%
  6. CATERPILLAR INC 2.05%
  7. CUMMINS INC 2.05%
  8. WILLIAMS COS INC 2.04%
  9. LAMAR ADVERTIS-A 2.03%
  10. T ROWE PRICE GRP 2.02%

Asset Allocation

Weighting Return Low Return High PWDCX % Rank
Stocks
98.23% 0.00% 139.66% 28.44%
Cash
1.83% -33.22% 88.48% 69.72%
Preferred Stocks
0.00% -0.07% 5.36% 61.47%
Other
0.00% -29.71% 137.85% 70.18%
Convertible Bonds
0.00% 0.00% 8.92% 76.15%
Bonds
0.00% 0.00% 106.59% 67.43%

Stock Sector Breakdown

Weighting Return Low Return High PWDCX % Rank
Financial Services
19.59% 0.00% 98.22% 12.50%
Healthcare
19.39% 0.00% 38.63% 13.59%
Technology
9.99% 0.00% 85.77% 76.09%
Consumer Defense
8.67% 0.00% 37.51% 28.80%
Industrials
8.26% 0.00% 23.85% 63.04%
Communication Services
7.17% 0.00% 21.61% 28.80%
Utilities
6.34% 0.00% 91.12% 19.02%
Energy
6.11% 0.00% 60.89% 44.57%
Consumer Cyclical
5.64% 0.00% 25.83% 65.22%
Basic Materials
4.80% 0.00% 56.73% 33.70%
Real Estate
4.05% 0.00% 99.45% 41.85%

Stock Geographic Breakdown

Weighting Return Low Return High PWDCX % Rank
US
98.23% 0.00% 139.66% 27.98%
Non US
0.00% -1.94% 38.99% 63.76%

PWDCX - Expenses

Operational Fees

PWDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.79% 0.49% 10.24% 15.14%
Management Fee 1.00% 0.00% 1.50% 76.61%
12b-1 Fee 1.00% 0.00% 1.00% 87.59%
Administrative Fee N/A 0.05% 0.70% 44.16%

Sales Fees

PWDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% 83.09%

Trading Fees

PWDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 76.92%

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.

PWDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 309.00% 1.75% 441.00% 92.57%

PWDCX - Distributions

Dividend Yield Analysis

PWDCX Category Low Category High PWDCX % Rank
Dividend Yield 1.17% 0.00% 24.95% 70.18%

Dividend Distribution Analysis

PWDCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

PWDCX Category Low Category High PWDCX % Rank
Net Income Ratio 0.89% -2.01% 13.72% 37.61%

Capital Gain Distribution Analysis

PWDCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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PWDCX - Fund Manager Analysis

Managers

Jeffrey Thompson


Start Date

Tenure

Tenure Rank

Nov 07, 2013

8.57

8.6%

Jeff is President and CEO of W.E. Donoghue & Co., LLC. He is a principal and corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Jeff's responsibilities on the investment committee he leads in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. In addition, he has been instrumental in collaborating with Standard and Poor’s and S-Network in the design of the custom indices being offered by WEDCO for which the SMA investment portfolios are predicated upon. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Jeff had worked as an Account Executive for national and super regional firms Lehman Brothers, Gruntal & Co., and Cowen & Co. from 1992-1996. There he worked with individual investors, as well as institutional investors, recommending and trading individual securities. Further, BTS Asset Management employed Jeff from 1996-1998 as a Regional Vice President providing investment advisory services to institutional clients.

Richard Molari


Start Date

Tenure

Tenure Rank

Oct 28, 2016

5.59

5.6%

Rick is the Chief Operating Officer of W.E. Donoghue & Co. LLC. He is a principal, corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Rick's responsibilities on the investment committee he is involved in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Rick is an accomplished investment management operations and global trading specialist with over fifteen years of industry experience. He has extensive knowledge of international equity, fixed income and currency markets as well as back and middle office operations, portfolio accounting and compliance regulations. Rick joined W.E. Donoghue & Co., LLC in 2014 to manage the trading and operations team. Prior to his current role, Rick spent nine years at a multi-billion dollar Boston based global hedge fund, trading international equities and managing trade operations. He started his professional career in fund accounting and back office administration with State Street Global Advisors and later BISYS Hedge Fund Services Inc. Rick holds a dual Bachelor's of Science degree from Northeastern University in Finance and Entrepreneurship. He is currently an active member of the CFA Institute, the Boston Security Analysts Society and the Boston Securities Traders Association.

John Forlines


Start Date

Tenure

Tenure Rank

Oct 30, 2018

3.59

3.6%

John A. Forlines III is Chief Investment Officer at W.E. Donoghue and a member of the Investment Committee. In addition to his leadership as a portfolio manager, Mr. Forlines is an Executive in Residence in the Department of Economics at Duke where he teaches classes in behavioral finance and decision making. Mr. Forlines enjoyed a long career with J.P. Morgan from 1985-2000, serving various roles within the firm, including Vice President of Structured Products, Co-Head of the U.S. Private Equity Group, Managing Director in the Securities Business Development Group and Managing Director and Co-Head of U.S. Tech, Media & Telecom Investment Banking. Mr. Forlines is admitted to the practice of law in the State of New York; before his career at JP Morgan his legal work specialized in structured debt and equity products. Graduating from Duke University with Honors in English and Economics, Mr. Forlines has also earned his J.D from the Duke University School of Law.

Nicholas Lobley


Start Date

Tenure

Tenure Rank

Dec 09, 2019

2.48

2.5%

Mr. Lobley was promoted to Portfolio Manager of W.E. Donoghue & Co., LLC in 2019. Mr. Lobley was previously promoted to Senior Research Analyst in 2018 after joining the firm as Analyst in 2018. Prior to joining W.E. Donoghue & Co., Mr. Lobley was an Analyst with JAForlines Global, an independent investment adviser, since 2017. From 2016 to 2017, Mr. Lobley was an Associate with Paley Advisors, LLC. Mr. Lobley holds a Bachelor of Arts in Economics from Oberlin College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.67 13.0