PWDIX – DF Tactical Dividend Fund I Investment Strategy | Morningstar

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Strategy

The investment seeks total return from dividend income and capital appreciation; capital preservation is a secondary objective of the fund. The fund’s investment adviser seeks to achieve its investment objectives by seeking to track the DF Risk-Managed Dividend Index that provides a formulaic methodology for allocating investment between securities of issuers who demonstrate positive free cash flow and higher dividend yield and short-term treasuries. The methodology of the index is designed to convey the benefits of positive free cash flow and dividend yield, sector diversification and equal weighting.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PWDIX	DF Tactical Dividend Fund Class I	Institutional	Open			Nov 7, 2013	$72.09M	1.580%	Above Average	$10,000	$5.31M
PWDAX	DF Tactical Dividend Fund Class A	Front Load	Open			Nov 7, 2013	$6.06M	1.880%	Above Average	$1,000	−$1.16M
PWDCX	DF Tactical Dividend Fund Class C	Level Load	Open			Nov 25, 2014	$3.42M	2.630%	Above Average	$1,000	−$990,934.26

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