COLUMBUS, Ohio--()--Huntington Funds has launched the Huntington Income Generation Fund, which utilizes an asset allocation strategy designed to maximize current income potential and pay monthly dividends for current cash or reinvestment, with the ability to adjust the allocation according to the current economic and market environments. Both C Shares (Ticker: HGGCX) and Trust Shares (Ticker: HIGTX) are available.
“As a fund of funds, the Huntington Income Generation Fund is designed to combine and emphasize different asset allocations by investing in existing Huntington Funds as economic and market conditions change”
The new Huntington Fund is a complement to its family of equity, fixed-income, money market and asset allocation funds. All Huntington Funds are managed by Huntington portfolio managers, who specialize in multiple investment disciplines. Huntington Income Generation Fund is a fund of funds, which means it invests in other funds within the Huntington Funds family. In seeking monthly cash flow and positioning investors for retirement, the Huntington Income Generation Fund typically invests in the following funds:
Huntington World Income Fund—providing a global perspective and broad diversification among securities, such as dividend-paying common and preferred stocks, specialized securities like Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs), as well as bond exchange-traded funds (ETFs) and individual bonds issued by governments and companies across the globe.
Huntington Income Equity Fund—seeking current income and lower volatility, with a focus on stocks of large companies trading at good prices and known for their history of paying dividends.
Huntington Dividend Capture Fund—employing a rigorous selection process, the fund manager seeks companies with attractive historical dividends that may be undervalued or out of favor. This fund also uses a dividend capture strategy, timing purchases and sales to capture dividends.
When market conditions appear to be favorable in supporting the fund’s investment objectives, the fund manager also may invest in other Huntington Funds.
“As a fund of funds, the Huntington Income Generation Fund is designed to combine and emphasize different asset allocations by investing in existing Huntington Funds as economic and market conditions change,” said Randy Bateman, Huntington’s chief investment officer and president of the Huntington Asset Advisors (“HAA”), advisor to the Funds. “Over time, this approach may help maximize income potential, while managing volatility.”
With more than 35 years of experience in managing fiduciary assets, Bateman is responsible for $14.6 billion in discretionary assets within Huntington and oversees Huntington Funds which represent $3.5 billion in assets. He is also responsible for HAA’s two exchange-traded funds (“ETFs”) that make up the Huntington Strategy Shares family.
The investment managers of Huntington Funds include some of the most experienced people in the industry. On average, the investment professionals of HAA have worked for more than 25 years in the investment business.
The Fund may also invest in the Huntington Global Select Markets Fund, Huntington Real Strategies Fund, as well as the Huntington Fixed Income Securities Fund, Huntington Intermediate Government Income Fund, Huntington Mortgage Securities Fund, Huntington Short/Intermediate Fixed Income Securities Fund.
Real estate investment trusts (“REITs”) and real-estate related securities involve special risks associated with an investment in real estate, such as limited liquidity and interest rate risks and may be more volatile than other securities. In addition, the value of REITs and other real estate-related investments is sensitive to changes in real estate values, extended vacancies of properties and other environmental and economic factors.
Master Limited Partnerships (MLPs) concentrate investments in the natural resource sector and are subject to the risks of energy prices and demand and the volatility of commodity investments. Damage to facilities and infrastructure of MLPs may significantly affect the value of an investment and may incur environmental costs and liabilities due to the nature of their business. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment. MLPs are subject certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates.
Exchange-traded funds (ETFs) generally presents the same primary risks as investments in conventional funds (i.e., one that is not exchange traded) that have the same investment objectives, strategies and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down. In addition, ETFs may be subject to the following risks that do not apply to conventional funds: (i) the market price of an ETF's shares may trade above or below their net asset value; (ii) an active trading market for an ETF's shares may not develop or be maintained; or (iii) trading of an ETF's shares may be halted if the listing exchange's officials deem such action appropriate, the shares are delisted from the exchange, or the activation of market-wide "circuit breakers" (which are tied to large decreases in stock prices) halts stock trading generally.
International investing involves special risk including currency risk, political risk, increased volatility of foreign securities and differences in auditing and other financial standards. In addition, prices of emerging markets securities can be significantly more volatile than the prices of securities in developed countries.
Diversification cannot assure profit or protect against loss in a declining market.
For more complete information about the Huntington Funds, please call 1-800-253-0412 for a prospectus or summary prospectus or log onto our website at huntingtonfunds.com. You should consider the Fund’s investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the Fund’s prospectus or summary prospectus, which you should read carefully before investing. The investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost.
There is no guarantee the fund will achieve its stated objective or dividend paying stocks will continue to pay dividends. Dividend paying stocks may not experience the same capital appreciation potential as non-dividend paying stocks.
Asset allocation does not ensure a profit or guarantee against loss.
Because the Funds invest in other Funds, the Funds are shareholders of those Underlying Funds and indirectly bear its proportionate share of the operating expenses, including management fees, of the Underlying Funds.
Not FDIC Insured
No Bank Guarantee
May Lose Value
About Huntington Asset Advisors, Inc.
Huntington Asset Advisors, Inc., a subsidiary of The Huntington National Bank (www.huntington.com) and its affiliates, have managed money since 1917. Based in Columbus, Ohio, Huntington sponsors The Huntington Funds mutual funds and Huntington Strategy Shares ETFs, and manages money for individuals, institutions, endowments, foundations, retirement plans, IRAs and municipalities. More information is available at www.HuntingtonFunds.com and www.HuntingtonStrategyShares.com.
The Huntington National Bank, Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.