The rapid pace of global change along with competition from emerging markets require successful companies to innovate and create to survive. That’s also true for investors, who may be facing low yields. Investors looking for income have to be concerned with potential rising inflation and rising yields.

Our Dividend Builder Fund (formerly, Inflation Managed Dividend Fund) uses an innovative 10 over 10 strategy in seeking a rate of dividend growth that exceeds the rate of inflation:

  1. The Fund considers only dividend-paying companies that have provided an inflation-adjusted cash flow return on investment of at least 10% in each of the last 10 years. (That process reduces the potential field from 14,000 companies to about 400.)
  2. Next we look for companies with at least a moderate dividend yield, a history of rising dividends, low levels of debt and a low payout ratio.
  3. Each of the remaining candidates is thoroughly scrutinized using our fundamental individual security analysis, taking into account both macro and company business metrics.
  4. The Fund invests in approximately 35 different dividend-paying companies from around the world.

Learn more in our white papers, “Reinvesting Dividends: A Simple Alternative to Alternatives,” “Why Dividends Matter” and “10 Over 10 Dividend Investment Strategy.” 


Dividend Builder Fund through 09/30/2017
Avg. Annualized
Total Return
Calendar YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Monthly through
09/30/2017
14.79% 12.12% 5.86% 10.38% n/a 10.01%
Quarterly through
09/30/2017
14.79% 12.12% 5.86% 10.38% n/a 10.01%
30 Day SEC Yield   (as of 9/30/17) Subsidized 2.56% I Unsubsidized 1.24%
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns would be lower. Performance data does not reflect the 2% redemption fee for shares held less than 30 days and if deducted the fee would reduce the performance quoted.
DIVIDEND BUILDER FUND HOLDINGS (as of 09/30/2017)
1.ANTA Sports Products Ltd 3.88%
2.AbbVie Inc 3.52%
3.Schneider Electric SE 3.16%
4.NEX Group PLC 3.13%
5.Danone SA 3.11%
6.Illinois Tool Works Inc 3.10%
7.Novo Nordisk A/S 3.08%
8.BAE Systems PLC 2.96%
9.Arthur J Gallagher & Co 2.96%
10.VF Corp 2.95%
TOP INDUSTRY SECTORS (as of 09/30/2017)
Pharmaceuticals 14.65%
Tobacco 7.50%
Diversified Manufacturing Operations 6.03%
Aerospace/Defense 5.91%
Finance - Other Services 5.75%
Cosmetics & Toiletries 5.58%
Retail - Apparel/Shoe 3.88%
Power Conversion/Supply Equipment 3.16%
Finance - Investment Banker/Broker 3.13%
Food - Miscellaneous/Diversified 3.11%
TOP GEOGRAPHIC WEIGHT (as of 09/30/2017)
United States 48.87%
United Kingdom 16.22%
China 6.52%
France 6.27%
Netherlands 5.58%
Denmark 3.08%
South Africa 2.86%
Germany 2.81%
Australia 2.64%
Switzerland 2.47%
Dr. Ian Mortimer, CFA
Fund Co-Manager

“The investment process can seem complex but in reality we're looking for companies that create wealth by enriching consumers.“

Massive, overwhelming quantities of data are a welcome sight to Dr. Ian Mortimer. With a background in physics and the skills he picked up while getting his doctorate—such as logical thinking, math, and data analysis—he is able to recognize patterns and meaning where others may see only chaos and noise.…

Read more of Dr. Ian Mortimer, CFA's background >

“The investment process can seem complex but in reality we're looking for companies that create wealth by enriching consumers.“
Dr. Ian Mortimer, CFA Fund Co-Manager

Massive, overwhelming quantities of data are a welcome sight to Dr. Ian Mortimer. With a background in physics and the skills he picked up while getting his doctorate—such as logical thinking, math, and data analysis—he is able to recognize patterns and meaning where others may see only chaos and noise.  Ian uses these skills on a daily basis at Guinness Atkinson.

His passion for his investment areas (Energy, Innovation, Dividends) helps keep him in tune with what’s happening throughout the world in all areas impacting global progress. He pays strict attention to stock price fluctuations and their constant movement as he analyzes the market. Yet for as much as he looks at the numbers when researching a potential investment opportunity, he also relies on personal interactions, analyzing a company’s passion, commitment, and potential success through the attitudes and actions of their corporate management.

Trend not to be overlooked: Companies’ ability to consistently innovate, with technologies, distribution chains or process efficiencies.

Ian's Funds:
Global Innovators Fund >
Dividend Builder Fund >
Quick Stats

2012  Began co-managing the Dividend Builder Fund

2011  Began co-managing the Global Innovators Fund

2010  Began co-managing the Global Energy Fund

2006  Joined Guinness Atkinson in December

2006  Graduated from Christ Church, University of Oxford, with a D.Phil in Physics.

2003  Graduated from University College London, University of London, with a First Class Honors Masters degree in Physics.

 

Matthew Page, CFA
Fund Co-Manager

“The accelerating rate of change that is a part of our daily lives can be a challenge but this change can also present opportunities.“

Matthew Page, CFA has found identifying quality companies at good market valuations to be critical elements in selecting the companies he invests in. Whether an investor is seeking growth or income, he aims to find companies that demonstrate potential for a bright future. As Co-Manager of the Global Innovators Fund and…

Read more of Matthew Page, CFA's background >

“The accelerating rate of change that is a part of our daily lives can be a challenge but this change can also present opportunities.“
Matthew Page, CFA Fund Co-Manager

Matthew Page, CFA has found identifying quality companies at good market valuations to be critical elements in selecting the companies he invests in. Whether an investor is seeking growth or income, he aims to find companies that demonstrate potential for a bright future.

As Co-Manager of the Global Innovators Fund and Dividend Builder Fund, Matthew lives with one foot in the future. He is hyper-vigilant when it comes to identifying innovations that will potentially advance the human condition.

Matthew believes that new investment opportunities present themselves to the informed, diligent and observant researcher. He has always found that insight is a product of hard work.

Trend not to be overlooked: Global demographic shifts that are driving demand for income producing assets.

Matthew's Funds:
Global Innovators Fund >
Dividend Builder Fund >
Quick Stats


2012  
Became Co-Manager of the Dividend Builder Fund

2010  Completed Chartered Financial Analyst (CFA) Program

2010  Became Co-Manager of Global Innovators Fund

2007  Became Co-Manager of the Guinness Atkinson Alternative Energy Fund

2005  Joined Guinness Atkinson in September

2004  Joined Goldman Sachs on the graduate scheme, working in Foreign Exchange and Fixed Income

2004  Graduated from New College, University of Oxford, with a Masters degree in Physics

Dissertation: “Financial Markets as Complex Dynamical Systems” – an investigation into creating an agent-based model market and analyzing the effect on market volatility by altering constraints on trader strategies

The Advisor has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to limit the Fund’s Total Annual Operating Expenses to 0.68% through June 30, 2018.  To the extent that the Advisor absorbs expenses to satisfy this cap, it may seek repayment of a portion or all of such amounts at any time within three fiscal years after the fiscal year in which such amounts were absorbed, subject to the 0.68% expense cap.

Dividend Investment Calculator
Use this dividend investment calculator to see how various elements can have an impact on a future dividend income stream. How important is your rate of savings compared to the rate of return? How important is time compared to the growth of a dividend? How important is inflation to the estimated income stream?
 
Change your assumptions in the fields below and quickly see how they impact future estimated income. Print some of your results to compare various estimated outcomes based on changes in the initial assumptions. Be careful: engaging with the dividend income calculator can be addictive.
Your Assumptions
Initial Investment
(e.g. $10,000)
Monthly Additional Investment
(e.g. $200)
Assumed Dividend Growth Rate
(e.g. average 5%)
Assumed Dividend Yield
(e.g. average 3.2%)
Assumed Reinvestment Duration
(e.g. years until retirement)
Assumed Inflation Rate
(e.g. average 4.1%)
Assumed Growth Rate of Share Price
(e.g. average 4.8%)
Current Age
(Does not affect dollar amounts)
IMPORTANT:
The projections or other information generated by Dividend Investment Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
Dividend Calculations
After entering your assumptions, check the dividend calculations that appear here. Change any of your assumptions and recalculate to see how various assumptions affect dividend projections.