Back to Mutual Funds

Cutler Equity Fund

Ken Cutler developed Cutler’s Equity Income strategy in the 1960’s. Mr. Cutler was a firm believer that dividends were an important risk-management tool. He believed that dividends cannot be manipulated, and are an indicator of financial viability. Today, we remain stewards of Mr. Cutler’s investment philosophy, applying a strict dividend-based criteria for security selection.

Our Process

The portfolio consists of US-domiciled large capitalization securities. We look for companies with a 10-year dividend history with no reductions. The result is a value-oriented portfolio, applying an S&P 500 benchmark. While dividends are an important criteria as a part of our process, we do not search for the highest possible portfolio yield. Instead, we aim to achieve total return and downside protection.

Document Download

FINRA BrokerCheck

Perform a background check on Ultimus Fund Distributors, LLC using FINRA’s BrokerCheck.

Key Facts

STATS
Benchmark S&P 500
# of Positions 32
Mgmt. Team Avg. Experience 14 Years
Fund Inception 12/31/1992
Ticker Symbol CALEX

As of 2017-03-31


Percentage in Top 10 Holdings

As of 2017-03-31

Top Holdings

PORTFOLIO WEIGHTING %
Texas Instruments 4.49
Home Depot 4.22
Walt Disney 3.92
Microsoft 3.79
McDonald's 3.63

As of 2017-03-31


Source of Information: Morningstar, Inc.  The percentages are inclusive of cash and cash equivalents. 
 
The Cutler Mutual Funds are actively managed.  Holdings and weightings are subject to change at any time without notice. This data is provided for informational purposes only and should not be considered a recommendation or solicitation to purchase any Cutler Mutual Fund. This information provided should not be used as the sole basis to make any investment decision. The data have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed. 
 
The Equity Fund invests in equity securities which carry the potential for unpredictable drops in value and periods of lackluster performance. Additionally, the Equity Fund invests in mid-capitalization companies which may lack the financial resources, product diversification and competitive strength of larger capitalized companies. In addition, the frequency and volume of the trading of securities of mid-cap companies is substantially less than is typical of larger capitalized companies.
 
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses.
 
Investing in any mutual fund involves risk, including the risk that you may lose all or part of your investment
 
For comparison purposes, this fund is measured against the S&P 500. The S&P 500 TR Index is a stock market index based on the common stock prices of the 500 top publicly traded American companies, as determined by S&P.  You cannot invest directly in an index.
 
Investors should carefully consider the investment objectives, risk, and expenses of the Cutler Funds. This and other important information is contained in the Fund's summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on the Cutler Funds, please call 1-888-288-5374. Read the prospectus carefully before you invest. Performance data reflects past performance and is no guarantee of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares on any given day or when redeemed, may be worth more or less than their original cost.
 
The Cutler Funds are distributed by Ultimus Fund Distributors, LLC.

Your Team

We take great pride in the experience, education, and background of our team. We continue to build upon this great foundation, growing our team’s expertise and investment experience. Our strength is our diversity of thought and our ability to form consensus using these different points of view.

Latest Commentary

  • Equity Income 2Q 2017 Commentary

    Equity Income 2Q 2017 Commentary

    by Erich M. Patten


  • The Bull Market Turns 8

    The Bull Market Turns 8

    by Erich M. Patten


Contact Us

info@cutler.com