Equity | US Equity

Invesco Dividend Income Fund

Class A

Class A

  • Class A
  • Class C
  • Class Investor
  • Class R
  • Class R5
  • Class R6
  • Class Y
Ticker: IAUTX

Objective & Strategy

The fund’s investment objective is to achieve income and long-term capital appreciation. The portfolio management team seeks to meet this objective by investing in above-market yielding stocks that can help investors earn income, preserve assets, and build capital.

Management team

as of 10/31/2022

Top Equity Holdings | View all

  % of Total Assets
Exxon Mobil 4.35
Merck 3.80
Johnson & Johnson 3.74
UnitedHealth 3.27
Chevron 2.83
Bank of America 2.53
McDonalds 2.49
CVS Health 2.46
Walmart 2.32
ConocoPhillips 2.26

May not equal 100% due to rounding.

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

as of 10/31/2022 09/30/2022

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/28/2002 N/A 8.10 -1.13 1.49 6.99 5.95 8.71
Load 03/28/2002 5.50 7.80 -6.57 -4.10 4.99 4.76 8.10
NAV 03/28/2002 N/A 7.58 -11.02 -4.97 3.10 3.82 7.73
Load 03/28/2002 5.50 7.28 -15.92 -10.19 1.18 2.65 7.12

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.

On Feb. 6, 2013, the fund's investment strategy eliminated the requirement to concentrate its investments primarily in the securities of issuers in utilities-related industries. Results prior to Feb. 6, 2013, reflect the performance of the fund's previous strategy.

Although the fund's return during certain periods was positively impacted by its investments in initial public offerings (IPOs), there can be no assurance that the fund will have favorable IPO investment opportunities in the future.

as of 10/31/2022 09/30/2022

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
DJ US Select Dividend IX 10.33 -2.06 3.87 9.38 8.75 11.57
S&P 500 Total Return Index (USD) 8.10 -5.86 -14.61 10.22 10.44 12.79
DJ US Select Dividend IX -9.73 -7.71 -3.10 5.88 6.89 10.53
S&P 500 Reinvested IX -9.21 -4.88 -15.47 8.16 9.24 11.70

Source: FactSet Research Systems Inc.

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.53
12b-1 Fee 0.24
Other Expenses 0.16
Interest/Dividend Exp N/A
Total Other Expenses 0.16
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) N/A
Total Annual Fund Operating Expenses 0.93
Contractual Waivers/Reimbursements N/A
Net Expenses - PER PROSPECTUS 0.93
Additional Waivers/Reimbursements N/A
Net Expenses - With Additional Fee Reduction 0.93
This information is updated per the most recent prospectus.

Historical Prices

 
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Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 10/31/2022

Sector Breakdown

Holdings % of Total Net Assets
CASH/OTHER 2.70
Communication Services 4.23
Consumer Discretionary 6.94
Consumer Staples 8.27
Energy 10.81
Financials 19.41
Health Care 20.67
Industrials 10.30
Information Technology 7.08
Materials 2.07
Real Estate 2.06
Utilities 5.45

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 10/31/2022

Fund Characteristics

3-Year Alpha -0.35%
3-Year Beta 0.73
3-Year R-Squared 0.90
3-Year Sharpe Ratio 0.38
3-Year Standard Deviation 16.87
Number of Securities 66
Total Assets $3,725,897,352.00
Wghtd Med Mkt Cap MM$ $124,530.00

Source: RIMES Technologies Corp.,StyleADVISOR

Benchmark:  DJ US Select Dividend IX

as of 10/31/2022

Top Equity Holdings | View all

  % of Total Assets
Exxon Mobil 4.35
Merck 3.80
Johnson & Johnson 3.74
UnitedHealth 3.27
Chevron 2.83
Bank of America 2.53
McDonalds 2.49
CVS Health 2.46
Walmart 2.32
ConocoPhillips 2.26

May not equal 100% due to rounding.

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

as of 10/31/2022

Top Industries

  % of Total Assets
Pharmaceuticals 10.48
Integrated Oil & Gas 7.17
Regional Banks 5.92
Diversified Banks 4.63
Property & Casualty Insurance 4.22
Restaurants 3.49
Packaged Foods & Meats 3.45
Aerospace & Defense 3.34
Managed Health Care 3.27
Health Care Equipment 3.12

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

As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

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. The value of the Fund’s investments may go up or down due to general market conditions that are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally. 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.

Investing in Stocks Risk. The value of the Fund’s portfolio may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall or rise sharply at times. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.

The prices of individual stocks generally do not all move in the same direction at the same time. However, individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. A variety of factors can negatively affect the price of a particular company’s stock. These factors may include, but are not limited to: poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.

Dividend Risk. There is no guarantee that the issuers of the stocks held by the Fund will declare dividends in the future or that, if dividends are declared, they will remain at their current levels or increase over time.

Depending on market conditions, dividend paying stocks that also meet the Fund’s investment criteria may not be widely available for purchase by the Fund. This may increase the volatility of the Fund’s returns and may limit the ability of the Fund to produce current income while remaining fully diversified. High-dividend stocks may not experience high earnings growth or capital appreciation. The Fund’s performance during a broad market advance could suffer because dividend paying stocks may not experience the same capital appreciation as non-dividend paying stocks.

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 currency exposure, 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. For instance, currency forward contracts, if used by the Fund, could reduce performance if there are unanticipated changes in currency exchange rates.

Small- and Mid-Capitalization Companies Risks. Investing in securities of small- and mid-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. Stocks of small- and mid-capitalization companies tend to be more vulnerable to changing market conditions, may have little or no operating history or track record of success, and may have more limited product lines and markets, less experienced management and fewer financial resources than larger companies. These companies’ securities may be more volatile and less liquid than those of more established companies. They may be more sensitive to changes in a company’s earnings expectations and may experience more abrupt and erratic price movements. Smaller companies’ securities often trade in lower volumes and in many instances, are traded over-the-counter or on a regional securities exchange, where the frequency and volume of trading is substantially less than is typical for securities of larger companies traded on national securities exchanges. Therefore, the securities of smaller companies may be subject to wider price fluctuations and it might be harder for the Fund to dispose of its holdings at an acceptable price when it wants to sell them. Since smalland mid-cap companies typically reinvest a high proportion of their earnings in their business, they may not pay dividends for some time, particularly if they are newer companies. It may take a substantial period of time to realize a gain on an investment in a small- or mid-cap company, if any gain is realized at all. The Fund measures the market capitalization of an issuer at the time of investment.

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.