UDI

UDI is an actively managed fund that seeks a high level of current income by investing in dividend-paying US-listed companies, which may include ADRs and companies domiciled outside the US. To identify the eligible universe, the sub-adviser evaluates companies using a bottom-up process and quantitative research, including key metrics like dividend yield, prospects for dividend growth, balance sheet strength, dividend coverage, and low valuations. Eligible companies must also meet the sub-advisor's criteria of persistent cash flow generation, and commitment to pay and grow the dividend. Furthermore, an ESG filter is used to screen out companies involved in controversial practices, as well as companies that do not meet the advisor's ESG criteria ---specifically, ESG disclosures, human rights record and policies, and corporate board structure. A final portfolio of 30 to 45 companies is constructed by considering both the financial and ESG profile of each candidate, equally.