Utilities and High Income Fund – ERH

Inception date 4-28-04

Management Phil Susser
Niklas Nordenfelt
Tim O'Brien

To seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income.

Management philosophy
The fund will invest at least 80% of its net assets in securities of utilities companies (water, gas, electric and telecommunications companies) and in U.S. non-investment grade debt securities. The sub-advisor may employ dividend capture in an attempt to increase current income.

Share price 05-02-16 $12.89

Distribution rates1 (at NAV) 05-02-16 7.08%

Distribution rates1 (at market) 05-02-16 7.04%

SEC yield2 as of 04-29-16 4.70%

Assets as of 3-31-16 $118,042,275.37

More information

  • Download the fact sheet.
  • View the fund holdings.
  • View Section 16—beneficial ownership reports.

Dividend information

Month Declaration date Ex-date Record date Payable date Dividend rate/share
January 01-04-16 01-14-16 01-19-16 02-01-16 0.07500

November 11-18-15 12-11-15 12-15-15 01-04-16 0.07500

October 10-30-15 11-12-15 11-16-15 12-01-15 0.07500

September 09-25-15 10-13-15 10-15-15 11-02-15 0.07500

August 08-12-15 09-11-15 09-15-15 10-01-15 0.07500

July 07-31-15 08-13-15 08-17-15 09-01-15 0.07500

June 06-26-15 07-13-15 07-15-15 08-03-15 0.07500

May 05-20-15 06-11-15 06-15-15 07-01-15 0.07500

April 04-24-15 05-11-15 05-13-15 06-01-15 0.07500

March 03-27-15 04-13-15 04-15-15 05-01-15 0.07500

February 02-19-15 03-12-15

January 01-30-15 02-11-15 02-13-15 03-02-15 0.07500

December 12-26-14 01-12-15 01-14-15 02-02-15 0.07500

Figures quoted represent past performance, which is no guarantee of future results. 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 may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Current month-end performance is available by calling 1-800-343-2898. Performance figures of the fund do not reflect fees charged pursuant to the terms of any brokerage account agreements. If sales charges had been reflected, performance would have been lower.

1. The quoted distribution rate is a figure that uses the fund's previous distribution to calculate an annualized figure. The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation.

2. The 30-day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on an estimated yield to maturity (assuming all portfolio securities are held to maturity) and is intended to reflect a fund's hypothetical annualized income, as a percentage of its assets. A fund's actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than implied by the SEC yield. The 30-day SEC yield is calculated as of the most recent month-end.

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value