DHQAX — Day Hagan Logix Tactical Dividend Fund
Data updated: 2024-02-28
DHQAX — Day Hagan Logix Tactical Dividend Fund. United States Large Cap Value Equity · $20.14M AUM. Holdings, fees, performance and SEC filings.
DHQAX Fund Overview
DHQAX — Day Hagan Logix Tactical Dividend Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual Fund Series Trust
- Category: United States Large Cap Value Equity
- Assets under management: $20.14M
- 1-year return: 9.9%
- Ticker: DHQAX
- SEC CIK: 0001355064
- SEC series ID: S000045618
- Share class ID: C000141892
DHQAX Investment Objective and Strategy
Day Hagan Logix Tactical Dividend Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund Series Trust.
Investment objective
The Day Hagan Logix Tactical Dividend Fund (the Logix Tactical Dividend Fund or the Fund) objective is to achieve long-term capital appreciation
Principal investment strategy
The Fund seeks to achieve its investment objectives by investing primarily in the equity securities of dividend paying domestic companies that the Funds sub-advisor, DH Logix, LLC (the Sub-Advisor) believes to be under-valued based on its proprietary equity selection model. Under normal circumstances, at least 80% of the Funds net assets plus the amount of borrowings for investment purposes, will be invested in the securities of dividend paying companies. While the Fund may invest in companies of any market capitalization without limitation, the Sub-Advisor expects that under normal market conditions its equity selection model will create a portfolio focused on large capitalization companies. The equity securities in which the Fund may invest include common stock and real estate investment trusts (REITs).
The Sub-Advisor selects securities using the Sub-Advisors proprietary equity selection model. The Sub-Advisor believes that purchasing securities of strong companies within strong industries provides a higher probability of success. The Funds holdings are determined by screening companies for measures of balance sheet strength, fundamental soundness, and consistent (uncut) dividends. The Sub-Advisor believes that these screens reflect the probability that the dividend stream will continue. The Sub-Advisor then classifies the companies selected by the screening process that are related in terms of their primary business activities into industries. The Sub-Advisor believes that stocks within the same industry often rise and fall as a group because similar overlying economic and valuation factors exist for all members of the industry.
Additionally, the Sub-Advisor determines whether it believes each industry has an adequate number of underlying companies that pass the screening process. Industries with less than four underlying companies that pass the screening process will likely not be represented in the portfolio due to diversification and risk management considerations. The Sub-Adviser next evaluates the relative attractiveness of those industries by using its proprietary selection model, which uses historical dividend yield data. Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its share price and is a way to measure how much cash flow an investor is getting for each dollar invested in an equity position. When an industry is paying a historically high dividend yield, the industry and the companies in that industry are considered by the Sub-Advisor to be priced at a low price relative to the dividend payout and are attractive.
Conversely, when an industry has a historically low dividend yield, the Sub-Advisor believes the industry and the companies in that industry are priced too high relative to the dividend payout and are unattractive. The Fund generally will invest less than 20% of its assets in any single industry. The Sub-Advisors investment model is based on the belief that dividend yields provide a historically objective and controlled means of valuation. The research process utilizes a weight-of-the-evidence approach, which is designed to provide a historically-based perspective on current risks and rewards. The process provides the flexibility to seize opportunities in the marketplace in a rational, quantitative and un-emotional manner.
DHQAX Holdings
Top 10 holdings of Day Hagan Logix Tactical Dividend Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Bank Mmda | 7.38% |
| FedEx Corporation | 3.72% |
| Zoetis Inc. | 3.53% |
| International Business Machines Corporation | 3.17% |
| Lowes Companies, Inc. | 3.07% |
| Bank of America Corp. | 3.05% |
| Masco Corporation | 2.94% |
| Amgen Inc. | 2.94% |
| SEI Investments Co | 2.82% |
| PNC Financial Services Group Inc. | 2.60% |
DHQAX Portfolio Allocation
Asset-class allocation of Day Hagan Logix Tactical Dividend Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.4% |
| Cash & Equivalents | 7.4% |
DHQAX Performance
Total returns for DHQAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.9% |
| 3 years (annualised) | 11.2% |
DHQAX Risk Information
Risk metrics for DHQAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.8%
DHQAX Costs and Fees
DHQAX costs about $148 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.48%
- Gross expense ratio: 2.51%
- Portfolio turnover: 171%
- Brokerage commissions: 4.52 bps of average net assets (SEC N-CEN)
DHQAX Cashflows
Over the 12 months to 2023-12, Day Hagan Logix Tactical Dividend Fund had net inflows of $9.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $3.07M |
| 2023-11 | $537.96K |
| 2023-10 | $378.30K |
| 2023-09 | $565.42K |
| 2023-08 | $201.09K |
| 2023-07 | $477.03K |
DHQAX Debt Constituents
No individual debt constituents are reported in Day Hagan Logix Tactical Dividend Fund's latest SEC N-PORT filing.
DHQAX Prospectus and SEC Filings
Official Day Hagan Logix Tactical Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-26
- Prospectus (485BPOS) — filed 2022-10-24
- Prospectus supplement (497) — filed 2022-08-02
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Annual census (N-CEN) — filed 2023-09-13
- Annual census (N-CEN) — filed 2022-09-13
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.