SEMBX — Semper Brentview Dividend Growth Equity Fund

SEMBX Fund Overview

SEMBX — Semper Brentview Dividend Growth Equity Fund is a US mutual fund managed by Advisors Series Trust, categorised as Global (incl. US) Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisors Series Trust
• Category: Global (incl. US) Blend / Core Equity
• Assets under management: $3.14M
• Ticker: SEMBX
• SEC CIK: 0001027596
• SEC series ID: S000071859
• Share class ID: C000227391

SEMBX Investment Objective and Strategy

Semper Brentview Dividend Growth Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Series Trust.

Investment objective

The Dividend Growth Fund seeks to provide a high level of risk-adjusted current income and capital appreciation.

Principal investment strategy

Under normal market conditions, the Dividend Growth Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks that have a record of paying dividends. The Funds investments also include up to 10% of its assets in foreign securities, such as American Depositary Receipts (ADRs), and shares of other investment companies, including exchange-traded funds (ETFs). The Fund will typically invest in equity securities of mid to large capitalization companies that exhibit a commitment to sustainable and growing dividends. The Fund defines mid-capitalization companies as those whose market capitalization, at the time of purchase, is consistent with the market capitalizations of companies listed in the S&P Mid-Cap 400 Index. As of the last reconstitution date, December 31, 2020, the lowest market capitalization of companies in the S&P Mid-Cap 400 Index was approximately $1.5 billion.

The Fund defines large-capitalization companies as those whose market capitalization, at the time of purchase, is consistent with the market capitalizations of companies listed in the S&P 500 Index. As of the last reconstitution date, December 31, 2020, the lowest market capitalization of companies in the S&P 500 Index was approximately $3.9 billion. The Fund is a non-diversified fund and may, from time to time, have significant exposure to one or more issuers, industries, geographic regions or sectors of the global economy. Brentview Investment Management, LLC (t he Sub-Adviser) applies a fundamentally driven approach to identifying dividend growth stocks. The Sub-Adviser believes superior long-term returns with lower-than-market risk may be produced by companies that pay and grow their dividend.

Additionally, the Fund seeks: A portfolio with faster dividend growth, above market yield, and lower beta characteristics. Beta measures the level of volatility a particular security will have when compared against a broader market index. Equity securities that have historically shown defensive characteristics tend to be low beta securities. The Fund attempts to minimize overall volatility by maintaining an aggregate portfolio beta which is lower than the S&P 500 Index, the Funds primary benchmark. Quality companies that have healthy balance sheets, consistent execution, and large addressable markets; and Management teams that also realize the importance of dividends to shareholders. The Sub-Adviser sells existing securities to avoid cuts to dividends as well as when it observes deterioration of a companys fundamentals.

SEMBX Costs and Fees

SEMBX costs about $100 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.00%
• Gross expense ratio: 1.35%
• Brokerage commissions: 2.09 bps of average net assets (SEC N-CEN)

SEMBX Cashflows

Over the 12 months to 2022-02, Semper Brentview Dividend Growth Equity Fund had net inflows of $5.78M, from monthly SEC N-PORT filings.

SEMBX Debt Constituents

No individual debt constituents are reported in Semper Brentview Dividend Growth Equity Fund's latest SEC N-PORT filing.

SEMBX Prospectus and SEC Filings

Official Semper Brentview Dividend Growth Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-05-27
• Portfolio holdings (N-PORT) — filed 2022-04-29
• Portfolio holdings (N-PORT) — filed 2022-01-31
• Portfolio holdings (N-PORT) — filed 2021-11-01
• Annual census (N-CEN) — filed 2022-02-14

Related Funds

Other Global (incl. US) Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity International Fund (FUSIX)
• Strategic Advisers International Fund (FILFX)
• First American Multi-Manager International Equity Fund (FAIEX)
• Symmetry Panoramic International Equity Fund (SPILX)
• FPA Paramount Fund, Inc. (FPRAX)

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.