Dividend growth spliced index

The ProShares S&P 500 Dividend Aristocrats Index is an equal-weighted index that typically contains around 40 to 50 names from the S&P 500 that meet the definition of dividend aristocrat. Consumer staples such as Hormel Foods, Clorox, and Consolidated Edison are among the index's top holdings as of Sept. 30, 2015. Dividend Growth Spliced Index Growth of a $10,000 investment: January 31, 2010— December 31, 2019 $35,136 Fund as of 12/31/19 $33,877 Benchmark as of 12/31/19 Annual returns Dividend Growth Spliced Index: Russell 1000 Index through January 31, 2010; NASDAQ US Dividend Achievers Select Index (formerly known as the Dividend Achievers Select Index) thereafter. market index and other comparative indexes, which have investment characteristics similar to those of the Fund. The Dividend Growth Spliced Index reflects the performance of the Russell 1000 Index through January 31, 2010, and the NASDAQ US Dividend Achievers Select Index thereafter. Keep in mind that the Fund’s past

market index and other comparative indexes, which have investment characteristics similar to those of the Fund. The Dividend Growth Spliced Index reflects the performance of the Russell 1000 Index through January 31, 2010, and the NASDAQ US Dividend Achievers Select Index thereafter. Keep in mind that the Fund’s past The principal risks of investing in the Calamos Dividend Growth Fund include the risk of: declining equity values; losses from MLPs related to lack of portfolio diversification, changes in tax laws, lack of liquidity, declining equity values, and conflicts over control rights; incorrect selection or judgments on portfolio holdings by the investment Index Investors are Closet Dividend Growth Investors Last year marked a record in earnings and dividends for US companies. The S&P 500 index ended up distributing a record number of dividen ETFs Tracking The Morningstar Dividend Leaders Index – ETF Fund Flow The table below includes fund flow data for all U.S. listed Highland Capital Management ETFs. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period.

About VDIGX. The Vanguard Dividend Growth fund is designed to provide income through investments in dividend-focused companies across all industries.

13 Aug 2019 Since then, the fund returned an annualized 9.0%, or an average of 1.2 percentage points per year better than Standard & Poor's 500-stock index. 22 Mar 2019 Dividends can turbo-charge a portfolio over the long haul. a way to invest in dividend-paying stocks in companies that have the potential for long-term growth. Vanguard Equity Income Fund (Spliced Equity Income Index). WisdomTree U.S. SmallCap Quality Dividend Growth Index. -9.20% -12.32% WisdomTree Dividend Top 100/Dividend ex-Financials Spliced Index. -10.11%  8 Mar 2020 Vanguard High Dividend Yield Index Fund (VHDYX) the S&P 500 Index's yield of 2%, this fund offers a good mix of growth with dividend  The ProShares S&P 500 Dividend Aristocrats Index is an equal-weighted index that typically contains around 40 to 50 names from the S&P 500 that meet the definition of dividend aristocrat. Consumer staples such as Hormel Foods, Clorox, and Consolidated Edison are among the index's top holdings as of Sept. 30, 2015.

ETFs Tracking The Morningstar Dividend Leaders Index – ETF Fund Flow The table below includes fund flow data for all U.S. listed Highland Capital Management ETFs. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period.

From its inception in late 2011, the fund returned an annualized 14.9%, compared with 15.4% for Standard & Poor’s 500-stock index and a smidgen better than Vanguard Dividend Growth. The fund charges a minuscule 0.07% annually and has been slightly less volatile than the S&P 500. Benchmark Returns as of 02/29/2020 Month End YTD as of 02/29/2020 Average Annual Total Returns as of 02/29/2020; 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year; CRSP US Total Market Index –8.17% –5.60% –8.23%: 6.79%: 9.29%: 8.70% — Dividend Growth Spliced Index –8.38% –5.78% –7.87%: 7.45%: 10.47%: 9.05%: 11.78%: FTSE All-World ex US Index –7.94% –6.57% –10.45% –0.37%: 4.21%

About VDIGX. The Vanguard Dividend Growth fund is designed to provide income through investments in dividend-focused companies across all industries.

13 Aug 2019 Since then, the fund returned an annualized 9.0%, or an average of 1.2 percentage points per year better than Standard & Poor's 500-stock index. 22 Mar 2019 Dividends can turbo-charge a portfolio over the long haul. a way to invest in dividend-paying stocks in companies that have the potential for long-term growth. Vanguard Equity Income Fund (Spliced Equity Income Index). WisdomTree U.S. SmallCap Quality Dividend Growth Index. -9.20% -12.32% WisdomTree Dividend Top 100/Dividend ex-Financials Spliced Index. -10.11%  8 Mar 2020 Vanguard High Dividend Yield Index Fund (VHDYX) the S&P 500 Index's yield of 2%, this fund offers a good mix of growth with dividend  The ProShares S&P 500 Dividend Aristocrats Index is an equal-weighted index that typically contains around 40 to 50 names from the S&P 500 that meet the definition of dividend aristocrat. Consumer staples such as Hormel Foods, Clorox, and Consolidated Edison are among the index's top holdings as of Sept. 30, 2015. Dividend Growth Spliced Index Growth of a $10,000 investment: January 31, 2010— December 31, 2019 $35,136 Fund as of 12/31/19 $33,877 Benchmark as of 12/31/19 Annual returns Dividend Growth Spliced Index: Russell 1000 Index through January 31, 2010; NASDAQ US Dividend Achievers Select Index (formerly known as the Dividend Achievers Select Index) thereafter. market index and other comparative indexes, which have investment characteristics similar to those of the Fund. The Dividend Growth Spliced Index reflects the performance of the Russell 1000 Index through January 31, 2010, and the NASDAQ US Dividend Achievers Select Index thereafter. Keep in mind that the Fund’s past

13 Aug 2019 Since then, the fund returned an annualized 9.0%, or an average of 1.2 percentage points per year better than Standard & Poor's 500-stock index.

From its inception in late 2011, the fund returned an annualized 14.9%, compared with 15.4% for Standard & Poor’s 500-stock index and a smidgen better than Vanguard Dividend Growth. The fund charges a minuscule 0.07% annually and has been slightly less volatile than the S&P 500. Benchmark Returns as of 02/29/2020 Month End YTD as of 02/29/2020 Average Annual Total Returns as of 02/29/2020; 1 Month 3 Month 1 Year 3 Year 5 Year 10 Year; CRSP US Total Market Index –8.17% –5.60% –8.23%: 6.79%: 9.29%: 8.70% — Dividend Growth Spliced Index –8.38% –5.78% –7.87%: 7.45%: 10.47%: 9.05%: 11.78%: FTSE All-World ex US Index –7.94% –6.57% –10.45% –0.37%: 4.21% Learn about VDIGX with our data and independent analysis including NAV, star rating, asset allocation, capital gains, and dividends. Start a 14-day free trial to Morningstar Premium to unlock our Benchmark (%) Index: Morningstar US Dividend Growth Index: 30.15 2.66 8.22 11.59 30.15 56.58 79.51 - 92.34 After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 29.28 2.50 8.03 11.20 29.28 53.59 73.89 - 85.95 After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 18.21 1.66 The NASDAQ US Dividend Achievers™ Select Index is comprised of a select group of securities with at least ten consecutive years of increasing annual regular dividend payments. The index began on March 29, 2006 at a base value of 1,169.75. VIG and SDY are two of the largest U.S. dividend ETFs and both focus on dividend growth. SDY follows the High Yield Dividend Aristocrats Index, which requires member firms to have minimum dividend market index and other comparative indexes, which have investment characteristics similar to those of the Fund. The Dividend Growth Spliced Index reflects the performance of the Russell 1000 Index through January 31, 2010, and the NASDAQ US Dividend Achievers Select Index thereafter. Keep in mind that the Fund’s past

In our paper “A Case for Dividend Growth Strategies,” we compared dividend growth strategies to high-dividend-yielding strategies and concluded that dividend growers, which tend to be higher quality companies, have generally shown greater resilience in unsteady markets and could address concerns about dividend stocks in a rising-rate market index and other comparative indexes, which have investment characteristics similar to those of the Fund. The Dividend Growth Spliced Index reflects the performance of the Russell 1000 Index through January 31, 2010, and the NASDAQ US Dividend Achievers Select Index thereafter. Keep in mind that the Fund’s past