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LCEAX Invesco Diversified Dividend A

  • Fund
  • LCEAX
  • Price as of: Jun 13, 2019
  • $19.85 + $0.05 + 0.25%
  • Category
  • Total Dividend

LCEAX - Profile

Vitals

  • YTD Return 13.6%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $18.4 B
  • Holdings in Top 10 26.3%

52 WEEK LOW AND HIGH

$19.85
$16.81
$20.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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 13.6%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Invesco Diversified Dividend Fund
  • Fund Family Name Invesco
  • Inception Date Dec 31, 2001
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Meggan M. Walsh

LCEAX - Performance

Return Ranking - Trailing

Period LCEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -5.8% 20.1% 26.25%
1 Yr -0.3% -46.0% 14.1% 25.00%
3 Yr 2.0%* -18.4% 11.4% 46.62%
5 Yr 2.0%* -11.8% 7.3% 20.74%
10 Yr 8.2%* -5.9% 10.7% 13.66%

* Annualized


Return Ranking - Calendar

Period LCEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.1% -51.6% 0.0% 41.72%
2017 5.5% -14.6% 32.9% 64.63%
2016 9.8% -13.3% 31.0% 23.70%
2015 -3.9% -27.5% 3.6% 24.03%
2014 8.0% -34.1% 14.2% 11.46%

Total Return Ranking - Trailing

Period LCEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -5.8% 20.1% 25.63%
1 Yr 0.8% -33.4% 15.1% 48.44%
3 Yr 4.7%* -11.5% 12.9% 69.45%
5 Yr 4.5%* -9.2% 21.2% 49.16%
10 Yr 11.0%* -5.9% 17.8% 30.05%

* Annualized


Total Return Ranking - Calendar

Period LCEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -32.1% 0.3% 71.02%
2017 8.2% -14.6% 37.7% 82.32%
2016 14.4% -12.1% 31.0% 26.95%
2015 -2.9% -21.8% 106.5% 38.31%
2014 11.9% -34.1% 20.9% 19.44%

NAV & Total Return History

LCEAX - Holdings

Concentration Analysis

LCEAX Category Low Category High LCEAX % Rank
Net Assets 18.4 B 4.55 M 42.8 B 4.98%
Number of Holdings 85 8 1932 33.96%
Net Assets in Top 10 5.13 B 1.32 M 14.7 B 4.98%
Weighting of Top 10 26.30% 5.8% 99.7% 62.62%

Top 10 Holdings

  1. General Mills Inc 3.27%

  2. Entergy Corp 2.85%

  3. The Hartford Financial Services Group Inc 2.81%

  4. Procter & Gamble Co 2.70%

  5. Coca-Cola Co 2.69%

  6. AT&T Inc 2.64%

  7. Exelon Corp 2.52%

  8. PPL Corp 2.45%

  9. Dominion Energy Inc 2.39%

  10. M&T Bank Corp 1.97%


Asset Allocation

Weighting Return Low Return High LCEAX % Rank
Stocks
94.49% 0.00% 101.34% 76.64%
Cash
5.51% -18.07% 25.16% 10.28%
Preferred Stocks
0.00% 0.00% 13.37% 36.14%
Other
0.00% -0.42% 2.26% 31.78%
Convertible Bonds
0.00% 0.00% 13.05% 33.33%
Bonds
0.00% 0.00% 99.69% 33.64%

Stock Sector Breakdown

Weighting Return Low Return High LCEAX % Rank
Consumer Defense
25.35% 0.00% 27.68% 1.56%
Utilities
18.25% 0.00% 40.81% 7.81%
Financial Services
13.28% 0.00% 29.45% 62.50%
Industrials
10.63% 0.00% 28.19% 43.13%
Healthcare
7.73% 0.00% 23.25% 73.13%
Energy
6.23% 0.00% 19.74% 62.19%
Consumer Cyclical
5.51% 0.00% 34.22% 75.31%
Communication Services
5.09% 0.00% 20.26% 47.19%
Basic Materials
2.32% 0.00% 17.96% 55.94%
Technology
0.10% 0.00% 29.93% 95.31%
Real Estate
0.00% 0.00% 16.79% 77.50%

Stock Geographic Breakdown

Weighting Return Low Return High LCEAX % Rank
US
76.28% 0.00% 100.44% 57.63%
Non US
18.21% 0.00% 101.08% 31.78%

LCEAX - Expenses

Operational Fees

LCEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.08% 5.53% 83.44%
Management Fee 0.38% 0.07% 1.25% 4.67%
12b-1 Fee 0.25% 0.00% 1.00% 30.59%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

LCEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.00% 5.75% 60.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LCEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

LCEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 1.63% 307.00% 3.43%

LCEAX - Distributions

Dividend Yield Analysis

LCEAX Category Low Category High LCEAX % Rank
Dividend Yield 0.02% 0.00% 0.31% 47.66%

Dividend Distribution Analysis

LCEAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

LCEAX Category Low Category High LCEAX % Rank
Net Income Ratio 2.17% -0.63% 5.00% 32.50%

Capital Gain Distribution Analysis

LCEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

LCEAX - Managers

Meggan M. Walsh

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2002

16.42

16.4%

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


Kristina Bradshaw

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2014

5.25

5.3%

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.


Robert Botard

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2014

5.25

5.3%

Robert Botard is a portfolio manager and a member of the Dividend Value Team. Mr. Botard began his career in 1991 with Transamerica and has been associated with Invesco and/or its affiliates since 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.


Christopher McMeans

Manager

Start Date

Tenure

Tenure Rank

Feb 26, 2016

3.26

3.3%

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

0.0

Category High

25.85

Category Average

6.26

Category Mode

0.0