Portfolio
Performance
Fund Facts
Commentary
Portfolio Characteristics as of 6/30/2019
Equity Income
Median Market Cap (Millions) 32,900
Number of Holdings 40
Median Price - to - Earnings (Next 12 Months)* 12.0
Price / Book 3.56
Beta** 0.68

*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 6/30/2019
Holding
Enterprise Products Partners L.P. 4.5%
Verizon Communications Incorporated 4.4%
AT&T Incorporated 4.45%
BCE Incorporated 4.1%
Pfizer Incorporated 4.0%
Holding
Target Corporation 3.9%
General Motors Company 3.5%
Chevron Corporation 3.5%
Sanofi 3.5%
Old Republic International Corporation 3.2%

***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 6/30/2019
% of Total
Communication Services 17
Energy 16
Consumer Discretionary 13
Financials 13
Health Care 12
Short Term Investment 7
Consumer Staples 6
Industrials 6
Information Technology 4
Materials 3
REITs 2
Total
100%

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

Market Cap Exposure as of 3/31/2019
Equity Income Companies
Greater than $10 billion 67.7 24
$2 billion - $10 billion 24.5 12
$0 - $2 billion 2.8 2
Total
100%
38