Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Earnings Growth is not a measure of the Fund’s future performance.
Fund holdings and sector allocations are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the funds current holdings, please click here.
Margin of Safety: is a principle of investing in which an investor purchase securities when the market price is below its intrinsic value. In other words, when market price is below your estimation of the intrinsic value, the difference is the margin of safety.
SG&A: Selling, General & Administrative Expense.
Standard & Poor’s Earnings and Dividend Quality Rankings
S&P analyzes about 4,000 stocks traded on the NYSE, AMEX and Nasdaq exchanges. Based upon each firm’s per-share earnings and dividend records, S&P recalculates “core earnings” by backing out certain items (extraordinary items, discontinued operations, impairment charges, etc.). Figures are also adjusted for changes in rates of earning and dividend growth, stability over a long term trend and cyclicality. S&P then divides stocks into a quality category matrix, rating each stock from A+ to D, basing ratings upon each individual company’s growth and stability of earnings and dividends.
High Quality is considered to be a rating of A- and higher. Low Quality is considered to be a rating of B+ and lower. Information is as of 9/30/2017.
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