About PWDIX
The Donoghue Forlines Dividend Fund is an actively managed mutual fund designed to pursue total return through both dividend income and capital appreciation. Its investment approach is distinguished by a rules-based strategy that employs tactical overlays to adjust the fund’s exposure according to market conditions. The fund primarily invests in a diversified selection of up to 50 large- and mid-cap value stocks, each chosen based on high dividend yields and rigorous quality screens applied within a sector-neutral framework. This sector diversification aims to reduce volatility and provide balanced exposure across key industries such as business services, consumer sectors, energy, healthcare, technology, and more.
To manage risk, the fund incorporates triggers based on exponential moving averages, allowing it to quickly shift between fully invested, partially defensive, or fully defensive positions. In defensive stances, assets may be allocated to short-term U.S. Treasury ETFs or cash equivalents. The fund is rebalanced and reconstituted quarterly to maintain equal weighting among holdings. Its structure is intended to offer investors high current income while seeking to limit downside risk, making it a notable option for those prioritizing income and capital preservation in changing markets.
Fund Family Donoghue Forlines LLC
Category Tactical Allocation
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PWDIX
Share Class Class I
Index Russell 1000 Value TR
PWDIX had a total return of 21.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.05%.
