DMCIX — Power Dividend Mid-Cap Index Fund
Data updated: 2021-02-23
DMCIX — Power Dividend Mid-Cap Index Fund. Bond · $9.79M AUM · 2.01% expense ratio · -24.6% 1-yr return. Holdings, fees, performance and SEC filings.
DMCIX Fund Overview
DMCIX — Power Dividend Mid-Cap Index Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust
- Category: Bond
- Assets under management: $9.79M
- 1-year return: -24.6%
- Ticker: DMCIX
- SEC CIK: 0001314414
- SEC series ID: S000059057
- Share class ID: C000193676
DMCIX Investment Objective and Strategy
Power Dividend Mid-Cap Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Power Dividend Mid-Cap Index Funds (the Fund) primary investment objective is to maximize total return from income and capital appreciation
Principal investment strategy
The Funds investment adviser seeks to achieve the Funds investment objectives by managing the Fund in a manner that seeks to track the W.E. Donoghue & Co., Power Dividend Mid-Cap Index (the Power Dividend Mid-Cap Index). The Funds adviser determined the methodology for the creation of the Power Dividend Mid-Cap Index, which is ultimately calculated by Standard & Poors Custom Indices. For purposes of this prospectus, mid-cap issuers are U.S. companies with an unadjusted marked capitalization of between $1.6 billion and $6.8 billion. The Power Dividend Mid-Cap Index is comprised of, and the Fund will primarily invest in, individual stocks with high-dividend yields or short-term Treasury exchange-traded funds (ETFs). The Power Dividend Mid-Cap Index is predicated, in part, on the S-Network Mid-Cap Dividend Index.
The S-Network Mid-Cap Dividend Index is comprised of the 50 stocks from each of the eleven Global Industry Classification Standard (GICS) sectors with the highest dividend yields as of the last trading day of May. The Power Dividend Mid-Cap Indexs methodology is based on a model that indicates a favorable or defensive market position based on technical trends in the exponential moving average of the S-Network Mid-Cap Dividend Index. The exponential moving average is the average of an indexs value over a certain time frame. The exponential moving average methodology gives greater weighting to more recent index values than index values from the beginning of the relevant time period. When in a favorable market position, the Power Dividend Mid-Cap Index is invested in the constituent securities that make up the S-Network Mid-Cap Dividend Index.
When in a defensive market position, the Power Dividend Mid-Cap Index will be invested in the S&P/BG Cantor 1-3 Year U.S. Treasury Bond Index, which means that the Funds portfolio will be invested in short term Treasury ETFs to obtain that exposure. The Power Dividend Mid-Cap Index and the Funds portfolio will rebalance holdings quarterly and reconstitute annually. The Fund has adopted a non-fundamental policy to invest at least 80% of its net assets in the constituent securities that make up the Power Dividend Mid-Cap Index. Changes in constituent securities that make up the Power Dividend Mid-Cap Index will normally be implemented for the Funds portfolio on the same trading day. In seeking to track the Power Dividend Mid-Cap Index, the Fund may engage in frequent trading of its portfolio which will result in a high portfolio turnover rate.
DMCIX Performance
Total returns for DMCIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -24.6% |
DMCIX Risk Information
Risk metrics for DMCIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.5%
DMCIX Costs and Fees
DMCIX costs about $201 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.01%
- Gross expense ratio: 2.01%
- Portfolio turnover: 87%
- Brokerage commissions: 8.85 bps of average net assets (SEC N-CEN)
DMCIX Cashflows
Over the 12 months to 2020-12, Power Dividend Mid-Cap Index Fund had net inflows of $12.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-12 | $781.39K |
| 2020-11 | $613.51K |
| 2020-10 | $823.05K |
| 2020-09 | $801.38K |
| 2020-08 | $984.43K |
| 2020-07 | $582.04K |
DMCIX Debt Constituents
No individual debt constituents are reported in Power Dividend Mid-Cap Index Fund's latest SEC N-PORT filing.
DMCIX Prospectus and SEC Filings
Official Power Dividend Mid-Cap Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-11-04
- Prospectus (485BPOS) — filed 2019-11-01
- Prospectus (485BPOS) — filed 2018-11-02
- Portfolio holdings (N-PORT) — filed 2021-02-23
- Portfolio holdings (N-PORT) — filed 2020-11-24
- Portfolio holdings (N-PORT) — filed 2020-08-31
- Annual census (N-CEN) — filed 2020-09-14
- Annual census (N-CEN) — filed 2019-09-13
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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.