When the Guard indicator forecasts a rising market, the Index invests 100% in the largest U.S. companies by market capitalization that, based on their DIVCONTM ratings, have the highest probability of increasing their dividends in the next 12 months. When the Guard indicator forecasts a declining market, the Index reduces that weight to 50%, and the remaining 50% of Index takes a short position in companies with the highest probability of cutting their dividends in the next 12 months based on their DIVCON ratings.
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The following interactive chart compares the DIVCON Dividend Guard Index to the S&P 500 Total Return Index. Click on a series name in the legend to add/remove it from the chart. The data is updated quarterly.
Click the tabs below to toggle between Index performance, portfolio attributes and holdings information. The data is updated quarterly.
| TOP 10 HOLDINGS | WEIGHT* |
|---|---|
| LAM RESEARCH CORP | 2.18% |
| CDW CORP/DE | 2.06% |
| APPLE INC | 2.04% |
| UNITEDHEALTH GROUP INC | 1.97% |
| CINTAS CORP | 1.95% |
| PHILLIPS 66 | 1.94% |
| MASTERCARD INC – A | 1.93% |
| S&P GLOBAL INC | 1.93% |
| ZOETIS INC | 1.90% |
| ROSS STORES INC | 1.89% |
| HOLDINGS | WEIGHT* | SECTOR | 5Y ANN. DPS GROWTH |
|---|---|---|---|
| LAM RESEARCH CORP | 2.18% | Information Technology | 65.35% |
| CDW CORP/DE | 2.06% | Information Technology | 45.35% |
| APPLE INC | 2.04% | Information Technology | 10.49% |
| UNITEDHEALTH GROUP INC | 1.97% | Health Care | 24.76% |
| CINTAS CORP | 1.95% | Industrials | 8.45% |
| PHILLIPS 66 | 1.94% | Energy | 13.12% |
| MASTERCARD INC – A | 1.93% | Information Technology | 24.57% |
| S&P GLOBAL INC | 1.93% | Financials | 13.70% |
| ZOETIS INC | 1.90% | Health Care | 17.90% |
| ROSS STORES INC | 1.89% | Consumer Discretionary | 20.79% |
| VISA INC-CLASS A SHARES | 1.89% | Information Technology | 20.11% |
| CELANESE CORP | 1.88% | Materials | 20.88% |
| NVIDIA CORP | 1.88% | Information Technology | 13.49% |
| MSCI INC | 1.85% | Financials | 69.52% |
| TJX COMPANIES INC | 1.81% | Consumer Discretionary | 21.45% |
| T ROWE PRICE GROUP INC | 1.81% | Financials | 11.88% |
| BROADRIDGE FINANCIAL SOLUTIO | 1.79% | Information Technology | 17.26% |
| GLOBE LIFE INC | 1.79% | Financials | 6.55% |
| CBOE GLOBAL MARKETS INC | 1.78% | Financials | 0.92% |
| NORTHERN TRUST CORP | 1.77% | Financials | 13.87% |
| ESTEE LAUDER COMPANIES-CL A | 1.75% | Consumer Staples | 16.08% |
| WALT DISNEY CO/THE | 1.74% | Communication Services | 15.40% |
| PNC FINANCIAL SERVICES GROUP | 1.74% | Financials | 17.44% |
| STARBUCKS CORP | 1.74% | Consumer Discretionary | 22.06% |
| ABBVIE INC | 1.74% | Health Care | 20.86% |
| DOMINO’S PIZZA INC | 1.73% | Consumer Discretionary | 21.35% |
| ILLINOIS TOOL WORKS | 1.72% | Industrials | 18.46% |
| REGIONS FINANCIAL CORP | 1.72% | Financials | 29.15% |
| SUNTRUST BANKS INC | 1.70% | Financials | 24.81% |
| WALGREENS BOOTS ALLIANCE INC | 1.68% | Consumer Staples | 6.58% |
| TEXAS INSTRUMENTS INC | 1.67% | Information Technology | 20.95% |
| WW GRAINGER INC | 1.65% | Industrials | 6.38% |
| JACK HENRY & ASSOCIATES INC | 1.64% | Information Technology | 12.70% |
| BROADCOM INC | 1.63% | Information Technology | 56.48% |
| HOME DEPOT INC | 1.63% | Consumer Discretionary | 23.21% |
| IDEX CORP | 1.62% | Industrials | 12.52% |
| MARRIOTT INTERNATIONAL -CL A | 1.61% | Consumer Discretionary | 19.16% |
| NIKE INC -CL B | 1.60% | Consumer Discretionary | 13.52% |
| STEEL DYNAMICS INC | 1.57% | Materials | 14.81% |
| ROCKWELL AUTOMATION INC | 1.57% | Industrials | 10.46% |
| INTUIT INC | 1.55% | Information Technology | 18.79% |
| MARATHON PETROLEUM CORP | 1.53% | Energy | 18.17% |
| UNION PACIFIC CORP | 1.53% | Industrials | 14.14% |
| TD AMERITRADE HOLDING CORP | 1.53% | Financials | 18.86% |
| BOEING CO/THE | 1.51% | Industrials | 23.00% |
| FASTENAL CO | 1.51% | Industrials | 11.71% |
| FACTSET RESEARCH SYSTEMS INC | 1.50% | Financials | 13.00% |
| NUCOR CORP | 1.48% | Materials | 1.57% |
| ANALOG DEVICES INC | 1.48% | Information Technology | 7.69% |
| EXPEDITORS INTL WASH INC | 1.45% | Industrials | 9.34% |
| LENNOX INTERNATIONAL INC | 1.45% | Industrials | 21.16% |
| CHURCH & DWIGHT CO INC | 1.44% | Consumer Staples | 7.98% |
| SNAP-ON INC | 1.44% | Industrials | 16.26% |
| WESTLAKE CHEMICAL CORP | 1.40% | Materials | 14.12% |
| TRACTOR SUPPLY COMPANY | 1.40% | Consumer Discretionary | 17.39% |
| COMERICA INC | 1.38% | Financials | 27.99% |
| ROLLINS INC | 1.29% | Industrials | 15.25% |
| UGI CORP | 1.25% | Utilities | 7.68% |
| NETAPP INC | 1.22% | Information Technology | 22.81% |
| LEAR CORP | 1.17% | Consumer Discretionary | 30.82% |
* January 1, 2001, through December 31, 2019. Returns from January 1, 2001, through October 31, 2015, are back-tested.
Alpha: A measure of performance on a risk-adjusted basis. The excess return relative to the S&P 500 Total Return Index. Beta: A measure of the volatility, or systematic risk, relative to the S&P 500 Total Return Index. Correlation: A statistical measure of how the S&P 500 Total Return Index and the respective index move in relation to each other. Calculated based on rolling 1Y returns. Sharpe Ratio: A measure of risk-adjusted performance. Sortino Ratio: A modification of the Sharpe Ratio that differentiates harmful volatility from general volatility by taking into account the standard deviation of negative asset returns. R2: Calculated based on rolling 1Y returns. Upside Capture: A measure of performance relative to the S&P 500 Total Return Index during periods of positive returns for the benchmark. Downside Capture: A measure of performance relative to the S&P 500 Total Return Index during periods of negative returns for the benchmark.
Index performance returns are for illustrative purposes only and do not represent an actual fund or portfolio performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. The information herein is not intended to predict actual results, which may differ substantially from those reflected. Investing involves risks, including possible loss of principal. Performance data quoted here represents past performance. Past performance is not necessarily indicative of future results. This material contains certain performance data based on back-testing, (i.e.) simulations of performance of a strategy as if it had actually existed during a defined period of time. The results of such data presented here are for illustrative purposes only, and constitute the judgment of RSA. While the information has been prepared in good faith, there are inherent limitations that recipients must consider carefully. Different models or different assumptions may yield different results.
For the statistics to the right of the line chart: Date ranges of 10 years or longer use rolling yearly returns with daily data frequency. Date ranges from four to 10 years use rolling quarterly returns with daily data frequency. Date ranges from 10 months to four years use rolling monthly returns with daily data frequency. Date ranges from three months to 10 months use rolling weekly returns with daily data frequency. Data ranges of up to three months use rolling daily returns with daily data frequency.
Source: Bloomberg, Compustat, Reality Shares