SEMBX is a mutual fund that focuses on providing investors with long-term capital appreciation through investments in dividend-paying equities. The fund is managed by Semper Capital Management and primarily invests in companies with a history of consistent dividend growth. As an institutional fund, SEMBX is designed for larger investors and may have lower fees and higher minimum investment requirements. With a focus on dividend growth, this fund offers potential for both income and capital growth for investors seeking a balanced approach to their portfolio.