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LCEIX Invesco Diversified Dividend Investor

  • Fund
  • LCEIX
  • Price as of: Dec 15, 2017
  • $20.32
  • + $0.13
  • + 0.64%
  • Category
  • Total Dividend

LCEIX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 8.0%
  • 5 Yr Annualized Return 13.0%
  • Net Assets $24.2 B
  • Holdings in Top 10 25.0%

52 WEEK LOW AND HIGH

$20.32
$19.26
$20.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2005-07-18

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.83%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Invesco Diversified Dividend Fund
  • Fund Family Name Invesco
  • Inception Date Jul 15, 2005
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Botard

Fund Description

The fund invests primarily in dividend-paying equity securities. It invests in securities that the portfolio managers believe are undervalued based on various valuation measures. The fund may invest up to 25% of its net assets in securities of foreign issuers.

LCEIX - Performance

Return Ranking - Trailing

Period LCEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -25.9% 31.1% 61.27% 4
1 Yr 11.2% -17.5% 35.0% 77.65% 4
3 Yr 8.0% * -8.3% 15.6% 38.29% 2
5 Yr 13.0% * -6.4% 16.3% 25.51% 2
10 Yr 8.1% * -5.1% 10.8% 14.34% 1

* Annualized


Return Ranking - Calendar

Period LCEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.7% -27.5% 31.0% 19.85% 2
2015 -4.0% -27.5% 7.7% 20.72% 2
2014 8.2% -19.0% 24.0% 8.63% 1
2013 25.7% -9.2% 33.4% 20.31% 2
2012 13.3% -13.5% 22.8% 7.96% 1

Total Return Ranking - Trailing

Period LCEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.4% -25.9% 31.1% 61.41% 4
1 Yr 11.2% -21.5% 50.7% 69.41% 4
3 Yr 8.0% * -9.4% 15.6% 32.49% 2
5 Yr 13.0% * -6.8% 16.3% 22.29% 2
10 Yr 8.1% * -5.1% 10.8% 13.15% 1

* Annualized


Total Return Ranking - Calendar

Period LCEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 11.1% -27.5% 31.0% 24.63% 2
2015 -2.9% -21.6% 106.1% 43.59% 3
2014 12.8% -12.9% 41.2% 28.11% 2
2013 32.2% -2.2% 205.2% 44.44% 3
2012 20.4% -14.6% 546.4% 28.13% 2

NAV & Total Return History

LCEIX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

LCEIX Category Low Category High LCEIX % Rank Quintile
Net Assets 24.2 B 657 K 32.2 B 0.93% 1
Number of Holdings 79 1 1860 9.56% 3
Net Assets in Top 10 5.92 B -663 K 10.3 B 1.63% 1
Weighting of Top 10 25.0% 0.0% 101.6% 22.61% 4

Top 10 Holdings

  1. General Mills Inc 2.85%
  2. AT&T Inc 3.00%
  3. Coca-Cola Co 2.64%
  4. PPL Corp 2.83%
  5. Exelon Corp 2.58%
  6. The Hartford Financial Services Group Inc 2.87%
  7. Suncor Energy Inc 2.30%
  8. Procter & Gamble Co 2.02%
  9. Dominion Energy Inc 1.91%
  10. Total SA 1.98%

Asset Allocation

Weighting Category Low Category High LCEIX % Rank Quintile
Stocks
87.36% 0.00% 214.87% 27.04% 5
Cash
12.63% -11.85% 100.00% 2.33% 1
Preferred Stocks
0.00% 0.00% 10.92% 6.76% 3
Other
0.00% -123.33% 11.74% 11.66% 3
Convertible Bonds
0.00% 0.00% 16.87% 3.50% 3
Bonds
0.00% 0.00% 61.55% 6.06% 3

Stock Sector Breakdown

Weighting Category Low Category High LCEIX % Rank Quintile
Consumer Defense
21.88% 0.00% 39.93% 1.63% 1
Utilities
15.70% 0.00% 42.32% 1.63% 1
Financial Services
13.74% 0.00% 37.06% 21.68% 3
Industrials
9.57% 0.00% 34.94% 21.91% 4
Energy
6.87% 0.00% 31.60% 20.05% 3
Consumer Cyclical
6.51% 0.00% 33.15% 24.94% 4
Healthcare
5.93% 0.00% 26.95% 27.74% 5
Communication Services
5.66% 0.00% 39.83% 12.12% 2
Basic Materials
1.51% 0.00% 12.90% 25.41% 5
Technology
0.00% 0.00% 39.70% 33.10% 5
Real Estate
0.00% 0.00% 20.34% 21.45% 4

Stock Geographic Breakdown

Weighting Category Low Category High LCEIX % Rank Quintile
US
73.13% -1.17% 200.20% 21.21% 3
Non US
14.23% 0.00% 100.38% 13.99% 3

LCEIX - Expenses

Operational Fees

LCEIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.08% 42.29% 41.03% 1
Management Fee 0.40% 0.07% 1.25% 9.09% 1
12b-1 Fee 0.21% 0.00% 1.00% 3.96% 1
Administrative Fee N/A 0.00% 0.85% N/A N/A

Sales Fees

LCEIX Fees (% of AUM) Category Low Category High LCEIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

LCEIX Fees (% of AUM) Category Low Category High LCEIX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LCEIX Fees (% of AUM) Category Low Category High LCEIX Rank Quintile
Turnover 11.00% 3.09% 504.01% 21.45% 1

LCEIX - Distributions

Dividend Yield Analysis

LCEIX Category Low Category High LCEIX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.15% 45.04% 3

Dividend Distribution Analysis

LCEIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LCEIX Category Low Category High LCEIX % Rank Quintile
Net Income Ratio 1.83% -0.74% 6.13% 33.80% 3

Capital Gain Distribution Analysis

LCEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

LCEIX - Managers

Robert Botard

Manager

Start Date

Feb 28, 2014

Tenure

3.76

Tenure Rank

14.2%

Robert Botard is a portfolio manager for the Invesco Diversified Dividend Fund and Invesco Dividend Income Fund and a member of the Dividend Value Team. Mr. Botard began his career in 1991 with Transamerica and joined Invesco in 1993. He became a quantitative analyst in 1997 after returning to Invesco from graduate school. He has experience spanning fundamental and quantitative equity research, trading and marketing. In 2004 he joined the Diversified Dividend team as an equity analyst and was promoted to his current role in 2011. Mr. Botard earned Bachelor of Business Administration Degrees in both Finance and International Business from The University of Texas at Austin and a Master of International Management Degree from the American Graduate School of International Management, Thunderbird. He is a CFA charterholder.


Kristina Bradshaw

Manager

Start Date

Feb 28, 2014

Tenure

3.76

Tenure Rank

14.2%

Kristina Junco Bradshaw is a Portfolio Manager and a member of the Dividend Value team. Ms. Bradshaw joined Invesco in 2005 as a summer intern and returned in 2006 upon completion of her master’s degree as an equities analyst. She assumed her current position in 2014. Previously, she served as a financial analyst from 2002 to 2004 in the Investment Banking division of Morgan Stanley’s Global Energy and Utilities group. She began her career in 2001 as a financial analyst intern in the Investment Banking division of Merrill Lynch’s Global Industries group. Ms. Bradshaw earned an MBA from Stanford University’s Graduate School of Business and a BBA with honors from The University of Texas at Austin. She is a CFA charterholder.


Meggan M. Walsh

Lead Manager

Start Date

Dec 31, 2002

Tenure

14.93

Tenure Rank

1.9%

Meggan Walsh is a senior portfolio manager for Invesco and head of the Dividend Value Team. Ms. Walsh is the architect of Invesco’s diversified dividend investment process, established in 2002 as Invesco Diversified Dividend Fund. Her professional investment experience includes more than 10 years as a fixed income manager and more than 15 years as an equity manager. Ms. Walsh has been in the investment business since 1987. She joined Invesco in 1991 as a trader of short-term taxable fixed-income securities and was promoted to vice president and portfolio manager in the long-term fixed-income


Christopher McMeans

Manager

Start Date

Feb 26, 2016

Tenure

1.76

Tenure Rank

17.8%

Chris McMeans is a Portfolio Manager and a member of the Dividend Value Team. Prior to joining Invesco in 2008, Mr. McMeans was an equity research analyst for Lighthouse Capital Management. Previously, he was an equity support analyst for Morgan Stanley Investment Management’s Van Kampen subsidiary. He entered the financial industry in 1999. Mr. McMeans earned a Bachelor of Arts Degree in Economics from The University of Texas at Austin and an MBA with honors from the University of Houston. He is a CFA charterholder.


Tenure Analysis

Category Low

0.1

Category High

27.8

Category Average

5.7

Category Mode

0.7