# Dividend and Income Fund (DNIF): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Passive Index · Inception: 1998-06-24

The Dividend and Income Fund, managed by Bexil Advisers LLC, operates as a closed-end equity mutual fund. It allocates capital to public equity markets worldwide, focusing on companies within diverse sectors. A core investment strategy involves selecting dividend-generating stocks across all market capitalizations. The fund also diversifies its holdings through various investment vehicles, including closed-end funds, open-end funds, business development companies, exchange-traded funds, and real estate investment trusts. Its portfolio is built using fundamental analysis, meticulously consid...

## Key Facts

| Metric | Value |
|---|---|
| Price | $12.17 |
| Expense Ratio | — |
| Assets Under Management | $155.1M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Quarterly |
| 52-Week Range | $9.86 – $12.78 |
| Beta | 1.23 |

## Latest Distribution

- Amount: $0.2500 /share
- Ex-date: 2023-12-14
- Pay date: 2023-12-28

## Frequently Asked Questions

### What does DNIF invest in?

The Dividend and Income Fund, managed by Bexil Advisers LLC, operates as a closed-end equity mutual fund. It allocates capital to public equity markets worldwide, focusing on companies within diverse sectors. A core investment strategy involves selecting dividend-generating stocks across all market capitalizations. The fund also diversifies its holdings through various investment vehicles, including closed-end funds, open-end funds, business development companies, exchange-traded funds, and real estate investment trusts. Its portfolio is built using fundamental analysis, meticulously considering factors such as yield, financial robustness, profitability, growth prospects, and inherent risks. Performance is benchmarked against the Standard & Poor's 500 Composite Index. Established in the United States on June 9, 1998, it was formerly recognized as Chartwell Dividend & Income Fund Inc.

### What is the expense ratio of DNIF?

An expense ratio for Dividend and Income Fund (DNIF) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

### How big is DNIF?

Dividend and Income Fund (DNIF) manages $155.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is DNIF actively managed or an index fund?

DNIF is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios because there's no security selection cost.

### When was DNIF launched?

Dividend and Income Fund (DNIF) launched in June 1998 and is managed by the fund issuer.

### How has DNIF performed?

DNIF's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does DNIF pay a dividend?

Dividend and Income Fund (DNIF) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does DNIF pay dividends?

Dividend and Income Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is DNIF's dividend yield?

DNIF's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is DNIF's next ex-dividend date?

The most recently announced ex-dividend date for DNIF was 2023-12-14. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page.

### Why is DNIF's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Dividend and Income Fund (DNIF). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does DNIF charge its expense ratio?

The expense ratio is deducted in tiny daily slices from DNIF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/dnif
- Distribution history: https://www.dividenddata.com/funds/dnif/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/dnif/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/dnif/expenses
- Peer comparison: https://www.dividenddata.com/funds/dnif/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.