Fund Facts
Portfolio Characteristics as of 12/31/2019
Equity Income
Median Market Cap (Millions) 35,776
Number of Holdings 40
Median Price - to - Earnings (Next 12 Months)* 12.7x
Price / Book 3.84
Beta** 0.75

*This measure is not a forecast of the fund’s future performance.
**A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.

Top Ten Holdings*** as of 12/31/2019
AT&T Incorporated 4.6%
Verizon Communications Incorporated 4.3%
Target Corporation 4.1%
Enterprise Products Partners L.P. 4.0%
BCE Incorporated 3.8%
Sanofi 3.6%
AbbVie, Inc. 3.4%
Pfizer Incorporated 3.3%
Qualcomm Incorporated 3.1%
Chevron Corporation 3.0%

***Holdings are subject to change and do not include the Fund’s entire portfolio. Holdings data is presented to illustrate examples of the securities the Fund bought and the diversity of areas in which the Fund invests and may not be representative of the Fund’s current or future investments. Current and future holding are subject to risk. Sector Breakdowns are determined by Hamlin’s Investment Committee.

Sector Breakdown**** as of 12/31/2019
% of Total
Communication Services 18
Health Care 16
Energy 15
Financials 13
Consumer Discretionary 11
Information Technology 8
Industrials 6
Consumer Staples 5
Materials 4
Short Term Investment 2
Real Estate 2

****Sector breakdown is defined by Hamlin’s Investment Committee.

Market Cap Exposure as of 12/31/2019
Equity Income Companies
Greater than $10 billion 70.0 28
$2 billion - $10 billion 27.5 11
$0 - $2 billion 2.5 1