C.H. Dean is pleased to announce an expansion to the Dean Mutual Fund family with the launch of a new mutual fund: Dean Equity Income (DAEIX). “We have been managing an Equity Income strategy since 2011, and we thought that now would be a good time to offer it in a mutual fund vehicle. By focusing on companies with strong dividends and high quality attributes whose stocks are trading below our estimate of fair value, we believe that the Dean Equity Income Fund can provide investors with U.S. equity exposure while helping to mitigate volatility.” – Kevin Laub, CFA, Portfolio Manager
The new Dean Equity Income Fund (DAEIX) will complement the existing Dean Small Cap Value and Dean Mid Cap Value Funds. The Dean Equity Income Fund is a large value fund that follows the same disciplined process as the other Dean funds, rounding out our offerings in the U.S. value equity space.
- Dean Small Cap Value (DASCX) has followed the same investment process led by Steve Roth since 2008. DASCX receives an overall Star Rating of ★★★★★ from Morningstar as of December 31, 2022.
- Dean Mid Cap Value (DALCX) has followed the same investment process led by Doug Leach since 2012. DALCX receives an overall Star Rating of ★★★★ from Morningstar as of December 31, 2022.
About Morningstar Rating™
The Morningstar Rating™ for funds, often called the star rating, is a purely quantitative, backward-looking measure of a fund’s past performance, measured from one to five stars. Star ratings are calculated at the end of every month. You can search for a fund to see its most recent star rating for free on Morningstar.com.
The Morningstar Rating™ methodology rates funds within the same Morningstar Category based on an enhanced Morningstar Risk-Adjusted Return measure. To receive a Morningstar Rating, a fund must have a record of more than three years.
For more information on how the Morningstar Ratings™ work, click here: https://www.morningstar.com/company/morningstar-ratings-faq
About Dean Investment Associates, LLC
Dean Investment Associates, LLC (“DIA”) serves as investment advisor to the Dean Funds including DASCX, DALCX, and DAEIX. DIA is a registered investment advisor and the money management arm of C.H. Dean, LLC, a privately held investment management and financial services firm. DIA is a value manager with a strong commitment to the principles of value investing.
About Dean Capital Management, LLC
Dean Capital Management LLC (“DCM”) is an employee-owned registered investment advisor founded in March 2008. Located in Overland Park, Kansas, DCM is a long-only, fundamental U.S. Value equity manager. DCM manages portfolios across the capitalization spectrum for institutional clients, financial intermediaries, and advisors. DCM became the sub-advisor for the Dean funds on June 30, 2008.
The Dean Small Cap Value Fund (DASCX) is in the Small Value Morningstar category. As of December 31, 2022, there are 497 funds in this category. The current Overall Morningstar Rating™ is 5 stars as of December 31, 2022 and is based on a combination of the 3 year, 5 year, and 10 year ratings. The 3-year rating ending December 31, 2022 is 5 stars, and there are 453 funds in the small value category over this time period. The 5-year rating ending December 31, 2022 is 5 stars, and there are 426 funds in the small value category over this time period. The 10-year rating ending December 31, 2022 is 5 stars, and there are 322 funds in the small value category over this time period.
The Dean Mid Cap Value Fund (DALCX) is in the Mid-Cap Value Morningstar category. As of December 31, 2022, there are 414 funds in this category. The current Overall Morningstar Rating™ is 4 stars as of December 31, 2022 and is based on a combination of the 3 year, 5 year, and 10 year ratings. The 3-year rating ending December 31, 2022 is 3 stars, and there are 393 funds in the mid-cap value category over this time period. The 5-year rating ending December 31, 2022 is 4 stars, and there are 372 funds in the mid-cap value category over this time period. The 10-year rating ending December 31, 2022 is 4 stars, and there are 272 funds in the mid-cap value category over this time period.
Past performance is no guarantee of future results. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
All investments involve risks, and the Fund cannot guarantee that it will achieve its investment objective. An investment in the Fund is not insured or guaranteed by any government agency. As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the fund. Some specific examples of risk include market and geopolitical risk, large cap company risk, management risk, sector concentration risk, or issuer cybersecurity risk.