Hamlin High Dividend Equity Fund to launch with two share classes

By Toni Weeks

San Diego, Jan. 13 - Advisors' Inner Circle Fund announced plans to launch the Hamlin High Dividend Equity Fund with institutional class and investor class shares, according to an N-1A filing with the Securities and Exchange Commission.

The fund will seek high current income and long-term capital appreciation and invest in sustainable dividend-paying equity securities of companies that are deemed to be undervalued in the market. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The adviser expects investments in foreign companies will not exceed 25% of the assets.

Charles S. Garland and Christopher M. D'Agnes will be the portfolio managers.

Redemptions of shares held less than seven days will be assessed a 2% redemption fee.

For institutional class shares, management fees will be 1%. Along with other fees and a fee waiver agreement with the fund's adviser, the total annual fund operating expenses will be held to 1%. For investor class shares, management fees will also be 1%, but the adviser will limit the fund's total annual operating expenses to 1.5%. The expiration of the fee agreement has not yet been determined.

Institutional class shares will trade under the symbol "HHDIX," and investor class shares will trade under the symbol "HHDVX."

The fund's investment adviser is New York-based Hamlin Capital Management, LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.