Cutler Equity Fund (DIVHX)
| Fund Assets | 202.36M |
| Expense Ratio | 0.99% |
| Min. Investment | $2,500 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.51 |
| Dividend Yield | 5.25% |
| Dividend Growth | -15.81% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | n/a |
| Previous Close | 29.05 |
| YTD Return | 10.66% |
| 1-Year Return | 14.05% |
| 5-Year Return | n/a |
| 52-Week Low | 24.16 |
| 52-Week High | 29.47 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Dec 30, 1992 |
About DIVHX
Cutler Equity Fund is a mutual fund focusing on large-cap U.S. equities with a value-oriented investment approach. The fund primarily invests in companies with market capitalizations of at least $10 billion that demonstrate a stable and consistent dividend history, requiring at least a decade without dividend reductions. This dividend discipline reflects the fund’s philosophy that reliable dividend payments serve as a measure of financial health and risk management. The portfolio is diversified across various sectors, with significant allocations to technology, industrials, consumer cyclical, financial services, and energy, often holding industry leaders such as Microsoft, Caterpillar, and Walmart. The fund aims to provide current income and long-term capital appreciation rather than seeking the highest possible portfolio yield. Managed by a seasoned team adhering to the original strategy developed by Ken Cutler in the 1960s, the fund benchmarks itself against the S&P 500. Its approach leads to a concentrated portfolio, with a sizable portion of assets in its top ten holdings, and maintains a low turnover rate, emphasizing buy-and-hold discipline and a focus on financially robust large-cap companies.
Performance
DIVHX had a total return of 14.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.50%.
Top 10 Holdings
49.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 7.00% |
| Walmart Inc. | WMT | 5.61% |
| Caterpillar Inc. | CAT | 5.41% |
| Republic Services, Inc. | RSG | 5.11% |
| BlackRock, Inc. | BLK | 4.65% |
| The Charles Schwab Corporation | SCHW | 4.59% |
| The Home Depot, Inc. | HD | 4.30% |
| Deere & Company | DE | 4.27% |
| RTX Corporation | RTX | 4.21% |
| McDonald's Corporation | MCD | 4.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.100 | Jul 1, 2025 |
| Mar 31, 2025 | $0.0679 | Apr 1, 2025 |
| Dec 16, 2024 | $1.2425 | Dec 17, 2024 |
| Sep 30, 2024 | $0.1018 | Oct 1, 2024 |
| Jun 28, 2024 | $0.0908 | Jul 1, 2024 |
| Mar 28, 2024 | $0.095 | Apr 1, 2024 |