For Financial Professionals in the US

HFQIX Global Equity Income Fund

A high-conviction strategy that targets high, dependable income from high-yielding, high-quality global equities

NAV
$7.13
As of 05/06/2021

1-Day Change
$0.07 (0.99%)
As of 05/06/2021

YTD Return
9.25%
As of 05/06/2021

Morningstar Rating

As of 04/30/2021

Overview

ABOUT THIS FUND

A long-only portfolio that seeks a high level of current income and steady capital appreciation. The Fund seeks global, high-quality, income-producing equities with a focus on international companies.

WHY INVEST IN THIS FUND

Income, Regardless of Environment

With our global approach, we seek to take advantage of various market environments to find the best income-producing equities. We tend to focus on international equities where the income-generating potential may be greater.

Regional Rotation Strategy

We use a specialized rotation strategy intended to capitalize on the global seasonality of dividends.

Differentiated Income Option

The Fund may be an attractive alternative to preferred stock and fixed income. The Fund holds 100% equities with no leverage and a quarterly dividend distribution schedule.

PORTFOLIO MANAGEMENT

Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Alex Crooke

Co-Head of Equities – EMEA and Asia Pacific | Portfolio Manager

Industry since 1990. Joined Firm in 1994.

Job Curtis

Portfolio Manager

Industry since 1983. Joined Firm in 1987.

Performance

RETURNS (%) (As of 03/31/2021)
Global Equity Income Fund - Class I Shares MSCI World Index℠ 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class I Shares 4.80 4.80 37.95 3.95 6.16 6.02 4.51
MSCI World Index℠ 4.92 4.92 54.03 12.81 13.36 9.88 6.83
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 5.92 5.92 37.96 4.65 7.80 5.13 4.01
RETURNS (%) (As of 03/31/2021)
Global Equity Income Fund - Class I Shares MSCI World Index℠ 85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(11/30/2006)
Global Equity Income Fund - Class I Shares 4.80 4.80 37.95 3.95 6.16 6.02 4.51
MSCI World Index℠ 4.92 4.92 54.03 12.81 13.36 9.88 7.12
85% MSCI ACWI ex-US High Div Yld / 15% MSCI USA High Div Yld Index 5.92 5.92 37.96 4.65 7.80 5.13 4.15
CALENDAR YEAR RETURNS (%)
Global Equity Income Fund - Class I Shares MSCI World Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Global Equity Income Fund - Class I Shares -1.15 15.17 21.02 -1.61 -0.10 4.90 19.60 -15.67 21.37 1.70
MSCI World Index℠ -5.54 15.83 26.68 4.94 -0.87 7.51 22.40 -8.71 27.67 15.90

MORNINGSTAR PERCENTILE

(As Of 03/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 85 36 72 9 7
Foreign Large Value Category|Rank/Count 313/361 99/342 215/325 23/262 17/193
(As Of 04/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 86 44 71 11 9
Foreign Large Value Category|Rank/Count 312/354 148/335 218/318 33/264 24/195
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 03/31/2021 Class I Shares)

RISK / REWARD
VS. MSCI World Index℠
3YR 5YR
Information Ratio -1.54 -1.38
Alpha -6.64 -5.01
Tracking Error 5.76 5.21
Beta 0.88 0.88
R-squared (%) 89.94 87.32
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Index℠
3YR 5YR
Up Capture Ratio 68.76 71.63
Down Capture Ratio 98.24 99.88
STANDARD DEVIATION 3YR 5YR
Global Equity Income Fund 16.89 13.83
MSCI World Index℠ 18.12 14.63
SHARPE RATIO 3YR 5YR
Global Equity Income Fund 0.15 0.36
MSCI World Index℠ 0.63 0.83
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2020)
CLASS I SHARES
Management Fees 0.67%
Other Expenses 0.11%
Total Gross Expenses 0.78%
Waivers 0.00%
Total Net Expenses 0.78%

Portfolio

Index represents the MSCI World Index℠.

Top Holdings (As of 03/31/2021)
% of Fund
TOTAL SE 3.24
Novartis AG 2.96
Samsung Electronics Co Ltd 2.86
Anglo American PLC 2.53
Roche Holding AG 2.46
Volvo AB 2.46
UPM-Kymmene Oyj 2.37
British American Tobacco PLC 2.37
Taiwan Semiconductor Manufacturing Co Ltd (ADR) 2.25
Tesco PLC 2.24
Total 25.74
View Full Holdings
Portfolio Characteristics (As of 03/31/2021)
  FUND INDEX
Number of Holdings
Equity Issues
75 1586
Market Capitalization
Weighted Average
$112.32B $320.01B
Portfolio Turnover Rate
(1-year trailing)
190.79% -
Price/Earnings Ratio
(1-year forward)
15.95 26.12
Price/Book Ratio
(1-year forward)
3.04 5.83
Earnings Growth Rate
(1-year forward)
9.86% 19.05%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 03/31/2021)
Health Care 13.67 12.41
Consumer Staples 12.84 7.18
Materials 12.52 4.54
Financials 12.47 13.72
Industrials 9.33 10.86
Information Technology 8.76 21.34
Communication Services 8.48 9.05
Energy 7.75 3.16
Utilities 5.30 2.99
Consumer Discretionary 5.01 12.06
Cash & Equivalents 3.87 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 03/31/2021)
Europe 63.02 19.15
North America 23.63 69.47
Asia/Pacific Ex Japan 5.12 3.67
Japan 3.87 7.52
Latin America 0.49 0.01
Cash & Equivalents 3.87 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 03/31/2021)
Over $100B 31.61 47.06
$50B to $100B 23.74 17.49
$10B to $50B 34.45 31.28
$5B to $10B 2.10 3.50
$1B to $5B 1.36 0.43
N/A 2.87 0.24

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