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 seek current income and long-term capital appreciation.
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Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 888-CUTLER4 (888-388-5374). The Fund is distributed by Ultimus Fund Distributors, LLC (Member FINRA). Ultimus Fund Distributors, LLC and Cutler Investment Group are separate and unaffiliated.
Important Risk Considerations:
Past performance is no guarantee of future results. An investment in the Equity Fund is subject to investment risks, therefore you may lose money by investing in the Fund. There is no assurance that the Equity Fund will achieve its investment objective. The Fund’s net asset value and total return will fluctuate based upon changes in the value of its portfolio securities. Upon redemption, an investment in the Equity Fund may be worth less than its original cost. The Equity Fund, by itself, does not provide a complete investment program.
Large-Cap Company Risk. The Equity Fund may invest in large-capitalization (“large-cap”) companies. Large-cap companies may be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes, and may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.
Equity Investing Risk: Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate.
Dividend Risk: There is no guarantee that the securities held in the fund will continue to pay a dividend.
Key Facts
| STATS | |
|---|---|
| Benchmark | S&P 500 |
| # of Positions | 34 |
| Mgmt. Team Avg. Experience | 18 Years |
| Fund Inception | 12/31/1992 |
| Ticker Symbol | DIVHX |
As of 2022-09-30
Percentage in Top 10 Holdings
As of 2022-09-30
Top Holdings
| PORTFOLIO WEIGHTING % | |
|---|---|
| Deere & Co. | 5.3 |
| Microsoft Corp. | 5.0 |
| Charles Schwab Corp. | 4.9 |
| The Home Depot Inc. | 4.7 |
| McDonald's Corp | 4.0 |
| Republic Services Inc | 3.8 |
| Bristol-Myers Squibb Co | 3.6 |
| BlackRock Inc. | 3.5 |
| Caterpillar Inc | 3.5 |
| Walmart Inc. | 3.4 |
As of 2022-09-30
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.
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.
