Dividend Assets Capital

C. Troy Shaver Jr., the founder and CEO, serves as the firm's primary portfolio manager and is responsible for all investment decisions. The firm's structure is lean, with Shaver at the center of the research and portfolio construction process. He draws on decades of experience in equity analysis and portfolio management, as reflected in his leadership of the DAC Dividend Growth Fund since its inception.

The DAC Dividend Growth Fund (ticker: DCDGX) is a mutual fund launched by Dividend Assets Capital to provide a pooled vehicle for its core equity income strategy. The fund follows the same bottom-up, dividend-growth mandate as the firm's separately managed accounts, typically holding a concentrated portfolio of 25 to 40 US-listed, high-quality dividend-paying companies. The existence of a mutual fund alongside separate accounts allows the firm to serve both high-net-worth individuals and a broader base of retail investors.

No. Dividend Assets Capital's stated strategy is exclusively focused on publicly traded dividend-growth equities. The firm does not manage fixed-income, private equity, real estate, or alternative investment strategies. An affiliate was cited in a 2023 SEC settlement related to third-party marketing materials for an outside real estate investment, but the firm itself had no direct management role in that product, and the matter did not involve the core equity strategy.

Idea generation relies on bottom-up fundamental analysis rather than screen-driven or quantitative models. Shaver and his team seek companies with durable competitive moats, predictable free cash flow, and demonstrable dividend growth histories. The concentrated portfolio — typically 25 to 40 names — forces a high conviction threshold for each holding, with turnover kept low to reflect the long-term compounding thesis.

In June 2023, the Securities and Exchange Commission announced a settlement with several entities, including an affiliate of Dividend Assets Capital, regarding compliance rule violations in connection with marketing materials for a real estate fund managed by an unaffiliated third party (per SEC release, 2023). The matter did not name C. Troy Shaver Jr. and did not involve the firm's core dividend-equity separate accounts or mutual fund. The affiliate paid a civil penalty and agreed to a censure without admitting or denying the findings.