Mutual Funds

Invesco Diversified Dividend Fund

Equity | US Equity

Objective & Strategy

The fund seeks long-term growth of capital and, secondarily, current income by employing a total return approach, emphasizing capital appreciation, current income and principal preservation. The fund may act as a foundation for investors' portfolios.

Dividend growers

A high-conviction, actively managed strategy that focuses on dividend-growing companies and seeks to deliver attractive total returns — combining appreciation, income and preservation — over a full market cycle.

Experience our high-conviction approach

Appreciation

A history of adding value

The fund had a cumulative return of 272% since manager inception versus 257% for the Russell 1000 Value Index.1

Income

A focus on sustainable and growing dividends

The fund's annualized dividend growth rate was 12.48% since manager inception versus 7.65% for the S&P 500 Index and 5.76% for the Russell 1000 Value Index.2 Please note the dividend growth rate is not a yield or a measure of fund performance but is based on the annualized growth rate of the fund's actual dividend payments.

Preservation

A solid foundation for your equity portfolio

The fund's Class A shares at NAV outperformed its benchmark, the Russell 1000 Value Index, by 9.95% in the last major bear market.3

58% of the fund's total return came from reinvested dividends

Fund Class A share returns at NAV since manager inception, Dec. 31, 2002, through March 31, 2017.

$37,153
$23,502
540
20
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50
30
270
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Source: Invesco as of March 31, 2017. Since manager inception, an investment of $10,000 on Dec. 31, 2002, would have grown to $37,153 by March 31, 2017 if dividends were reinvested. If dividends were taken in cash, the return would have been $23,502. Past performance is not a guarantee of future results. For more information, please see performance disclosure on the back.

There can be no guarantee or assurance that companies will declare dividends in the future or that if declared, they will remain at current levels or increase over time. Past performance cannot guarantee future results.

Additional information

1 Sources: Invesco, FactSet Research Systems, Inc. Cumulative performance is through March 31, 2017, and is for Class A shares at NAV.

2 Sources: Invesco, FactSet Research Systems, Inc. The dividend growth rate reflected assumes an initial investment of $10,000 into the fund on Dec. 31, 2002, through Dec. 31, 2016 with no reinvestment of dividends over time. Please note that quarterly dividend payouts varied and decreased during some periods since the manager inception period.

3 Sources: Invesco, FactSet Research Systems, Inc. Bear market performance is from Oct. 9, 2007, through March 9, 2009. During the bear market, the fund’s return was -49.95% and the Russell 1000 Value Index return was -59.90%. The Russell 1000® Value Index is an unmanaged index considered representative of large-cap value stocks. The Russell 1000 Value Index is a trademark / service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. An investment cannot be made directly in an index. Returns are cumulative. Past performance is not a guarantee of future results.

Style Map

Invesco Diversified Dividend Fund

The map illustrates areas in which the fund can invest, not necessarily within a limited period of time.

as of 06/30/2017

Morningstar Rating

Overall Rating - Large Value Category

As of 06/30/2017 the Fund had an overall rating of 5 stars out of 1091 funds and was rated 4 stars out of 1091 funds, 4 stars out of 936 funds and 5 stars out of 681 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2017 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 06/30/2017

Top Equity Holdings | View all

% of Total Assets
PPL CORP 2.92
GENERAL MILLS INC 2.91
AT&T INC 2.88
HARTFORD FINANCIAL SERVICES GRP 2.76
COCA COLA CO 2.67
EXELON CORP 2.53
SUNCOR ENERGY INC 2.02
PROCTER & GAMBLE CO 1.96
DOMINION ENERGY INC VA 1.90
TOTAL SA 1.80

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 06/30/2017 06/30/2017

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 12/31/2001 N/A 7.93 3.17 8.42 7.67 13.33 7.18
Load 12/31/2001 5.50 7.53 -2.49 2.43 5.67 12.05 6.58
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

as of 06/30/2017 06/30/2017

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
Russell 1000 Value IX Tr 1.63 1.34 15.53 7.36 13.94 5.57
S&P 500 Reinvested IX 0.62 3.09 17.90 9.61 14.63 7.18
Russell 1000 Value IX Tr 1.63 1.34 15.53 7.36 13.94 5.57
S&P 500 Reinvested IX 0.62 3.09 17.90 9.61 14.63 7.18

Source: FactSet Research Systems Inc.

Source: FactSet Research Systems Inc.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.40
12b-1 Fee 0.25
Other Expenses 0.17
Interest/Dividend Exp 0.00
Total Other Expenses 0.17
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.02
Total Annual Fund Operating Expenses 0.84
Contractual Waivers/Reimbursements -0.02
Net Expenses - PER PROSPECTUS 0.82
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 0.82
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
06/15/2017 0.0725 N/A N/A 20.07
03/16/2017 0.0705 N/A N/A 19.83
12/13/2016 0.1090 N/A 0.4734 19.36
09/15/2016 0.0722 N/A N/A 18.79
06/16/2016 0.0662 N/A N/A 18.67
03/17/2016 0.0662 N/A N/A 18.33
12/11/2015 0.1034 0.0177 0.7161 17.34
09/17/2015 0.0665 N/A N/A 18.36
06/18/2015 0.0664 N/A N/A 18.93
03/19/2015 0.0660 N/A N/A 18.43
12/12/2014 0.0836 0.0063 0.3579 17.81
09/18/2014 0.0668 N/A N/A 18.10
06/19/2014 0.0618 N/A N/A 18.17
03/20/2014 0.0618 N/A N/A 17.32
12/13/2013 0.0620 N/A 0.1608 16.36
09/19/2013 0.0620 N/A N/A 16.11
06/20/2013 0.0624 N/A N/A 15.07
03/21/2013 0.0581 N/A N/A 14.87
12/07/2012 0.0747 0.0200 0.1872 13.35
09/20/2012 0.0594 N/A N/A 13.57
06/14/2012 0.0594 N/A N/A 12.52
03/15/2012 0.0485 N/A N/A 12.98
12/09/2011 0.0579 N/A 0.1390 11.70
09/15/2011 0.0450 N/A N/A 11.46
06/16/2011 0.0500 N/A N/A 12.42
03/17/2011 0.0498 N/A N/A 12.40
12/03/2010 0.0897 N/A N/A 11.89
09/16/2010 0.0460 N/A N/A 11.21
06/17/2010 0.0501 N/A N/A 11.17
03/18/2010 0.0501 N/A N/A 11.51
12/11/2009 0.0484 N/A N/A 10.85
09/18/2009 0.0369 N/A N/A 10.56
06/19/2009 0.0465 N/A N/A 8.93
03/20/2009 0.0525 N/A N/A 7.36
12/12/2008 0.0586 N/A N/A 8.63
09/18/2008 0.0555 N/A N/A 11.75
06/18/2008 0.0649 N/A N/A 11.59
03/18/2008 0.0651 N/A N/A 11.76
12/14/2007 0.0513 0.0162 0.9262 12.583
09/20/2007 0.0501 N/A N/A 14.152
06/20/2007 0.0472 N/A N/A 14.409
03/20/2007 0.0545 N/A N/A 13.598
12/15/2006 0.0555 0.0778 0.5162 13.668
09/20/2006 0.0532 N/A N/A 13.375
06/20/2006 0.0412 N/A N/A 12.557
03/20/2006 0.0402 N/A N/A 13.012
12/16/2005 0.0402 0.0886 0.0718 12.564
09/19/2005 0.0400 N/A N/A 12.293
06/20/2005 0.0400 N/A N/A 12.264
03/18/2005 0.0400 N/A N/A 12.029
12/17/2004 0.0632 0.1126 0.0909 11.902
09/20/2004 0.0360 N/A N/A 11.536
06/18/2004 0.0355 N/A N/A 11.431
03/19/2004 0.0355 N/A N/A 11.053
12/12/2003 0.0385 N/A N/A 10.617
09/19/2003 0.0190 N/A N/A 10.002
06/20/2003 0.0190 N/A N/A 9.624
as of 08/31/2016

Sector Breakdown

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 06/30/2017

Fund Characteristics

3-Year Alpha 2.67%
3-Year Beta 0.65
3-Year R-Squared 0.78
3-Year Sharpe Ratio 0.96
3-Year Standard Deviation 7.75
Number of Securities 70
Total Assets $23,365,899,082.00
Wghtd Med Mkt Cap MM$ $38,424.00

Source: FactSet Research Systems Inc., StyleADVISOR

Benchmark:  Russell 1000 Value IX Tr

as of 08/31/2016

Top Equity Holdings | View all

% of Total Assets
GENERAL MILLS INC 3.23
AT&T INC 2.85
COCA COLA CO 2.80
EXELON CORP 2.50
HARTFORD FINANCIAL SERVICES GRP 2.39
PROCTER & GAMBLE CO 2.33
PPL CORP 2.30
SUNCOR ENERGY INC 2.18
CAMPBELL SOUP CO 2.12
KRAFT HEINZ CO THE 1.95

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 06/30/2017

Top Industries

  % of Total Assets
Electric Utilities 10.93
Regional Banks 7.20
Packaged Foods & Meats 7.05
Integrated Telecommunication Services 5.34
Multi-Utilities 4.64
Integrated Oil & Gas 4.51
Pharmaceuticals 4.35
Household Products 2.88
Multi-Line Insurance 2.76
Soft Drinks 2.67

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

 About risk

Foreign Securities Risk. The Fund's foreign investments may be adversely affected by political and social instability, changes in economic or taxation policies, difficulty in enforcing obligations, decreased liquidity or increased volatility. Foreign investments also involve the risk of the possible seizure, nationalization or expropriation of the issuer or foreign deposits (in which the Fund could lose its entire investments in a certain market) and the possible adoption of foreign governmental restrictions such as exchange controls. Unless the Fund has hedged its foreign securities risk, foreign securities risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. Currency hedging strategies, if used, are not always successful.

Management Risk. The Fund is actively managed and depends heavily on the Adviser's judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund's portfolio. The Fund could experience losses if these judgments prove to be incorrect. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective.

Market Risk. The market values of the Fund's investments, and therefore the value of the Fund's shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Value Investing Style Risk. A value investing style subjects the Fund to the risk that the valuations never improve or that the returns on value equity securities are less than returns on other styles of investing or the overall stock market.

as of 10/04/2016

LCEAX

NAV Change ($)
$18.77 -0.10
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.
as of 10/04/2016

Yield 

  • Distribution Yield
    with Sales Charge 1.45%
  • Distribution Yield
    without Sales Charge 1.54%
  • SEC 30-Day Yield 1.63%
  • Unsub. 30-day yield 1.62%

Fund Details

  • Distribution Frequency Quarterly
  • NASDAQ LCEAX
  • WSJ Abrev. N/A
  • CUSIP 001413541
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 12/31/2001
  • Fiscal Year End 10/31
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1586
  • Tax ID 76-0698844