VSDIX — Advantus Strategic Dividend Income Fund

VSDIX Fund Overview

VSDIX — Advantus Strategic Dividend Income Fund is a US mutual fund managed by Managed Portfolio Series, categorised as Developed ex-US Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Managed Portfolio Series
• Category: Developed ex-US Real Estate
• Assets under management: $71.20M
• Ticker: VSDIX
• SEC CIK: 0001511699
• SEC series ID: S000038233
• Share class ID: C000117885

VSDIX Investment Objective and Strategy

Advantus Strategic Dividend Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.

Investment objective

The Advantus Strategic Dividend Income Fund (the Fund) seeks above average income and long-term growth of capital,

Principal investment strategy

Under normal market conditions, the Fund primarily invests in dividend-paying equity securities, including common and preferred stocks, and securities convertible into common stocks, of mainly U.S. companies, but may also include foreign, utilities, infrastructure-related, and real estate-related companies. The Funds investment in foreign securities, including securities of foreign issuers which are not U.S. dollar denominated and/or traded in the U.S., will not exceed 30% of its total assets. Typically, the Adviser concentrates its investments in, and allocates 40% or more of the Funds total assets to, Real Estate Securities. Real Estate Securities include securities issued by companies that receive at least 50% of their gross revenue from the construction, ownership, management, financing or sale of residential, commercial or industrial real estate and securities issued by companies primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry.

Real Estate Securities also include securities issued by Real Estate Investment Trusts (REITs) or Real Estate Operating Companies (REOCs) that are listed on a securities exchange or traded over-the-counter. (Real Estate Securities). The Fund also may invest up to 25% of its total assets in the securities of master limited partnerships (MLPs). MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPs trade on national securities exchanges exactly like the shares of a corporation, without entity level taxation. The Fund may invest in companies of any size. In selecting securities, the Adviser considers factors such as a companys dividend payments, financial condition, financial performance, quality of management, policies and strategies, business plans and competitive market condition.

In addition, the Fund may invest in fixed income securities of any duration or maturity (including Treasury inflation-protected securities (TIPS)). Duration measures the sensitivity of the price of a fixed income investment to a change in interest rates. For example, an investment with a two-year duration means that it will decrease in value by 2% if interest rates rise 1%. Conversely, the investment will increase in value by 2% if interest rates fall 1%. TIPS are fixed income securities issued by the U.S. Treasury. The value of the fixed income securitys principal is adjusted to track changes in the Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics) (CPI). Because the interest rate on TIPS is fixed and is paid on the adjusted principal, interest payments will also rise with inflation and fall with deflation.

Upon maturity, TIPS return the greater of the original principal or the original principal plus any inflation adjustments since the bond was issued. The fixed income securities in which the Fund may invest include debt securities issued or guaranteed by the U.S. government or government-related entities, debt securities issued by corporations and other entities, mortgage-backed securities, and other asset-backed securities. The Fund may also invest up to 20% of its total assets in securities rated lower than investment grade or unrated securities of comparable quality as determined by the Adviser (also known as junk bonds). Instead of, and/or in addition to, investing directly in particular securities, the Fund may use derivative instruments, which are financial contracts whose values depend on, or are derived from, the values of underlying assets, reference rates, or indices.

The derivative instruments that the Fund may use include options and futures to provide economic exposure to certain securities or issuers or as a hedging technique. The Fund may use one or more types of these instruments (i) with aggregate net notional value of up to 100% of the Funds net assets, or (ii) for which the initial margin and premiums do not exceed 5% of the Funds net assets, in each case excluding bona fide hedging transactions. Finally, the Fund may invest in investment companies, including closed-end funds, open-end funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs), and futures, and may purchase options and write covered calls to manage inflation or volatility, increase income, or gain market exposure, among other purposes. ETNs are debt obligations typically issued by investment banks that are traded on exchanges and whose returns are linked to the performance of market indices.

VSDIX Costs and Fees

VSDIX costs about $77 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.77%
• Gross expense ratio: 1.04%
• Portfolio turnover: 46%
• Brokerage commissions: 11.85 bps of average net assets (SEC N-CEN)

VSDIX Cashflows

Over the 12 months to 2020-11, Advantus Strategic Dividend Income Fund had net inflows of $1.69M, from monthly SEC N-PORT filings.

VSDIX Debt Constituents

No individual debt constituents are reported in Advantus Strategic Dividend Income Fund's latest SEC N-PORT filing.

VSDIX Prospectus and SEC Filings

Official Advantus Strategic Dividend Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-10
• Prospectus (485BPOS) — filed 2019-01-02
• Prospectus supplement (497) — filed 2018-01-08
• Portfolio holdings (N-PORT) — filed 2021-01-13
• Portfolio holdings (N-PORT) — filed 2020-10-27
• Portfolio holdings (N-PORT) — filed 2020-07-23
• Annual census (N-CEN) — filed 2020-11-13
• Annual census (N-CEN) — filed 2019-11-14

Related Funds

Other Developed ex-US Real Estate funds tracked on ABC INVEST:

• Vanguard Global Ex-U.s. Real Estate Index Fund (VGRLX)
• Xtrackers International Real Estate ETF (HAUZ)
• Fidelity International Real Estate Fund (FIRAX)
• SPDR® Dow Jones International Real Estate ETF (RWX)
• Third Avenue International Real Estate Value Fund (REIZX)

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.