PWDIX: Power Dividend Index I

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PWDIX Power Dividend Index I


Profile

PWDIX - Profile

Vitals

  • YTD Return -17.2%
  • 3 Yr Annualized Return -17.2%
  • 5 Yr Annualized Return -8.2%
  • Net Assets $51.2 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$6.86
$5.90
$8.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.41%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 253.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -17.2%
  • 3 Yr Annualized Total Return -17.2%
  • 5 Yr Annualized Total Return -8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Power Dividend Index Fund
  • Fund Family Name
    Power Mutual Funds
  • Inception Date
    Nov 07, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Thompson

Fund Description

The fund's investment adviser seeks to achieve the fund's primary investment objective by seeking to track the W.E. Donoghue Power Dividend Index that provides a formulaic methodology for allocating investment between the S-Network Quality Sector Dividend Dogs Index (SNQDIV) and short-term treasuries (maturity of 1 year or less). The methodology of the index is designed to convey the benefits of high dividend yield, sector diversification and equal weighting.


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Categories

Performance

PWDIX - Performance

Return Ranking - Trailing

Period PWDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -31.9% 955.1% 99.54%
1 Yr -15.1% -28.2% 953.0% 99.44%
3 Yr -17.2%* -17.2% 120.9% 100.00%
5 Yr -8.2%* -8.3% 60.6% 99.94%
10 Yr N/A* -5.2% 14.4% N/A

* Annualized

Return Ranking - Calendar

Period PWDIX Return Category Return Low Category Return High Rank in Category (%)
2019 -5.8% -5.8% 20.3% 100.00%
2018 -29.5% -29.6% 4.6% 99.95%
2017 7.8% -6.0% 15.8% 0.55%
2016 12.5% -7.8% 15.0% 0.30%
2015 -8.0% -11.6% 3.0% 98.87%

Total Return Ranking - Trailing

Period PWDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -31.9% 955.1% 99.54%
1 Yr -15.1% -28.2% 953.0% 99.44%
3 Yr -17.2%* -17.2% 120.9% 100.00%
5 Yr -8.2%* -8.3% 60.6% 99.94%
10 Yr N/A* -5.2% 16.2% N/A

* Annualized

Total Return Ranking - Calendar

Period PWDIX Return Category Return Low Category Return High Rank in Category (%)
2019 -5.8% -5.8% 20.3% 100.00%
2018 -29.5% -29.6% 4.6% 99.95%
2017 7.8% -6.0% 15.8% 0.99%
2016 12.5% -7.8% 15.0% 0.30%
2015 -8.0% -9.9% 3.0% 99.00%

NAV & Total Return History


Holdings

PWDIX - Holdings

Concentration Analysis

PWDIX Category Low Category High PWDIX % Rank
Net Assets 51.2 M 619 K 88.4 B 92.01%
Number of Holdings 8 1 10083 98.81%
Net Assets in Top 10 55.6 M -202 M 26.9 B 62.99%
Weighting of Top 10 N/A 2.6% 100.0% 0.95%

Top 10 Holdings

  1. iShares 1-3 Year Treasury Bond ETF 49.69%
  2. Schwab Short-Term US Treasury ETF™ 24.84%
  3. Vanguard Short-Term Treasury ETF 24.84%
  4. Goldman Sachs FS Government Instl 0.95%
  5. Fidelity® Inv MM Fds Government I 0.01%
  6. Invesco Shrt-Trm Inv Gov&Agcy Priv Inv 0.01%
  7. Dreyfus Treasury Secs Cash Mgmt Inst 0.01%

Asset Allocation

Weighting Return Low Return High PWDIX % Rank
Bonds
99.24% 78.92% 199.79% 23.92%
Cash
0.76% -128.23% 19.68% 70.66%
Stocks
0.00% -4.99% 21.62% 55.60%
Preferred Stocks
0.00% -0.17% 22.02% 59.87%
Other
0.00% -9.40% 31.94% 52.71%
Convertible Bonds
0.00% 0.00% 9.45% 73.09%

Bond Sector Breakdown

Weighting Return Low Return High PWDIX % Rank
Government
97.53% -2.21% 99.96% 1.10%
Cash & Equivalents
2.46% -26.49% 93.17% 57.67%
Corporate
0.01% 0.00% 99.00% 61.75%
Derivative
0.00% 0.00% 39.43% 58.77%
Securitized
0.00% 0.00% 97.53% 76.49%
Municipal
0.00% 0.00% 100.06% 90.40%

Bond Geographic Breakdown

Weighting Return Low Return High PWDIX % Rank
US
99.24% 49.78% 199.79% 12.58%
Non US
0.00% -12.10% 39.65% 91.28%

Expenses

PWDIX - Expenses

Operational Fees

PWDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% 0.01% 34.57% 21.09%
Management Fee 1.00% 0.00% 1.60% 99.26%
12b-1 Fee 0.00% 0.00% 1.00% 9.48%
Administrative Fee N/A 0.00% 0.50% 51.75%

Sales Fees

PWDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PWDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 89.74%

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.

PWDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 253.00% 0.00% 496.90% 96.27%

Distributions

PWDIX - Distributions

Dividend Yield Analysis

PWDIX Category Low Category High PWDIX % Rank
Dividend Yield 0.00% 0.00% 3.87% 53.35%

Dividend Distribution Analysis

PWDIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

PWDIX Category Low Category High PWDIX % Rank
Net Income Ratio 1.95% -0.81% 6.02% 78.48%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PWDIX - Fund Manager Analysis

Managers

Jeffrey Thompson


Start Date

Tenure

Tenure Rank

Nov 07, 2013

6.82

6.8%

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

3.84

3.8%

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

1.84

1.8%

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

0.73

0.7%

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
0.04 33.3 7.05 0.17