Fund Research for Alpine Dynamic Dividend (ADVDX)

  • Fund Overview

    Fund Inception Date: Sep 22, 2003
    Category: Mid-Cap Blend
    Overall Risk: Below Average
    Fund Family: Alpine
    Return Since Inception: 2.63%
    YTD Return: 15.59%
    Yield (TTM): 24.48%
    Net Assets: 571.93 M
    Morningstar Rating:
    2 of 5

    The investment seeks high current dividend income while also focusing on total return for long-term growth of capital. The fund normally invests at least 80% of assets in the equity securities of certain domestic and foreign corporations that pay qualified dividend income. It focuses on those securities that pay qualified dividend income, which is defined in the Code as dividends received during the taxable year from domestic and qualified foreign corporations.

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    Size
    Average Market Cap $16,656 M
    Market Capitalization Portfolio
    Giant 34.06%
    Large 32.49%
    Medium 30.30%
    Small 3.16%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 09/30/2003 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 15.59% 5.15% -12.35% -2.73% — 2.63%
    +/- Category -11.22% -11.01% -6.65% -3.84% — —
    +/- S&P 500 TR -2.50% -5.91% -5.90% -3.01% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 13.45% 6.64% -12.89% -2.58% — 2.63%
    Quarter (as of 09/30/2009) 15.59% -12.85% -11.16% -1.98% — 2.98%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 09/22/2003
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 11.33%
    Service 22.71%
    Manufacturing 40.77%

    Asset Allocation

    Short Long Net Assets
    Cash 16.09% 33.02% 16.93%
    Stocks 0.44% 79.35% 78.91%
    Bonds 0.00% 0.00% 0.00%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.44% 28.00% 27.56%
    Data as of 06/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    * Cash & Cash Equivalents — — — 16.53%
    * Eur/Usd Fwd 20090701 Usd — — — 5.82%
    * Eur/Usd Fwd 20090701 Usd — — — 5.82%
    - Endesa, Sociedad Anonima (ELE) Utilities — — 1.92%
    * Nok/Usd Fwd 20090701 Usd — — — 1.86%
    * Nok/Usd Fwd 20090701 Usd — — — 1.86%
    + JPMORGAN CHASE & CO (JPM) Financial Services 36.36 32.73% 1.73%
    * Taiwan Semiconductor Pnote — — — 1.69%
    + AVON PRODS INC (AVP) Consumer Goods 24.59 38.37% 1.69%
    * MERRILL LYNCH INTERNATIONAL & CO CV, CURACAO — — — 1.66%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/10/2009
    All other data as of 06/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 02/27/2009
    Expense Ratio (based on net assets) 1.16%
    Taken from annual report dated 10/31/2008

  • Fund Management

    Jill Evans
    Start Date: 09/22/2003
    Evans is a portfolio manager with Alpine Woods Capital Investors, LLC. Prior to joining Alpine Woods in May 2003, she was the senior equity research analyst covering small and mid-cap basic industries at J.P. Morgan Securities. Evans was also the global coordinator of J.P. Morgan's passenger and freight transportation sectors. She joined J.P. Morgan in 1988 as an analyst. And Evans spent her last year in Management Services working with McKinsey & Co.
    Kevin Shacknofsky
    Start Date: 10/31/2003
    Shacknofsky is a portfolio manager with Alpine Woods Capital Investors, LLC. Until he joined Alpine mutual funds in October 2003, Shacknofsky was a vice president in the venture capital firm Rein Capital in New Jersey for two years. Prior to that, he was an investment banking associate at Lehman Brothers in New York and at Hambros Grantham, the Private Equity division of Hambros PLC, of Sydney, Australia. Shacknofsky holds the Chartered Accountant designation.
    Joshua Duitz
    Start Date: 02/27/2009
    Mr. Duitz joined the Adviser in February 2007, after eight years at Bear Stearns, where Mr. Duitz was a Managing Director Principal who specialized in trading international equities. He is a Certified Public Accountant, who spent four years with Arthur Andersen, LLP in the Financial Markets Audit Division.
    Andrew Kohl
    Start Date: 02/27/2009
    Mr. Andrew Kohl joined Alpine in September, 2005 after working for two years at Wachovia Securities as an Equity Research Associate Analyst covering infrastructure software and data storage companies. Prior to that position he spent three years at Putnam Investments as a Senior Investment Associate on the Global Asset Allocation team. He holds the Chartered Financial Analyst designation.