As of June 30, 2021, the Fund received a 5 star Morningstar Rating for the 5 and 10 year periods, and overall, and a 3 star rating for the 3 year period. Neither the Fund nor the Adviser provided any compensation directly or indirectly in connection with obtaining or using the third party rating. The Morningstar Ratings are subject to change without notice. Past performance is no guarantee of future results. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The Fund’s investment policies, management fees, and other matters of interest to prospective investors may be found in its filings with the Securities Exchange Commission (“SEC”), including its annual and semi-annual reports. To obtain a copy of the reports, please call us toll free at 855-411-6432 or download them at https://dividendandincomefund.com/literature/. Please read the reports carefully before investing.
The Morningstar Rating is provided by Morningstar, Inc. Although the Fund believes the data gathered from these third party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. The Fund is not responsible for any damages or losses arising from any use of this third party information.
The Morningstar Rating for funds, or “star rating”, is calculated for funds with at least a three year history. (Exchange-traded funds and open-end 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 fund’s monthly excess performance (excluding the effect of sales charges, if any), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund 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.
Dividend and Income Fund is a diversified, closed-end investment company. The Fund’s primary investment objective is to seek high current income. Capital appreciation is a secondary objective. The Fund seeks to achieve its objectives by investing, under normal circumstances, at least 50% of its total assets in income generating equity securities, including dividend paying common stocks, convertible securities, preferred stocks, securities of registered investment companies, exchange-traded funds organized as investment companies or otherwise, real estate investment trusts, depositary receipts, and other equity related securities. The Fund’s strategy is to seek to invest in companies with strong operations showing attractive returns on equity and assets with reasonable valuations. Generally, the Fund looks to purchase and hold income generating equity securities of profitable, growing, and conservatively valued companies across a broad array of industries and sell investments that appear to have appreciated to levels reflecting full or over-valuation.