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Invesco Diversified Dividend Fund
mutual fund
DDFIX
Payout Change
Pending
Price as of:
$18.37
+0.01
+0.05%
primary theme
U.S. Large-Cap Value Equity
share class
DDFIX (Mutual Fund)
Invesco Diversified Dividend Fund
Payout Change
Pending
Price as of:
$18.37
+0.01
+0.05%
primary theme
U.S. Large-Cap Value Equity
share class
DDFIX (Mutual Fund)
Invesco Diversified Dividend Fund
Payout Change
Pending
Price as of:
$18.37
+0.01
+0.05%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
16.9%
1 yr return
18.4%
3 Yr Avg Return
6.6%
5 Yr Avg Return
8.3%
Net Assets
$11.2 B
Holdings in Top 10
27.0%
52 WEEK LOW AND HIGH
$18.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.54%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DDFIX - Profile
Distributions
- YTD Total Return 16.9%
- 3 Yr Annualized Total Return 6.6%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.02%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Diversified Dividend Fund
-
Fund Family NameINVESCOFDS
-
Inception DateOct 25, 2005
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher McMeans
Fund Description
The Fund invests primarily in dividend-paying equity securities. The principal type of equity security in which the Fund invests is common stock.
The Fund 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.
In selecting investments, the portfolio managers seek to identify dividend-paying issuers with strong profitability, solid balance sheets and capital allocation policies that support sustained or increasing dividends and share repurchases. Through fundamental research, financial statement analysis and the use of several valuation techniques, the management team estimates a target price for each security over a 2-3 year investment horizon. The portfolio managers seek to manage risk by utilizing a valuation framework, careful stock selection and a rigorous buy-and-sell discipline and incorporate an assessment of the potential reward relative to the downside risk to determine a fair valuation over the investment horizon. When evaluating cyclical businesses, the management team seeks companies that have normalized earnings power greater than that implied by their current market valuation and that return capital to shareholders via dividends and share repurchases. The portfolio managers then construct a portfolio they believe provides the best total return profile, which is created by seeking a combination of price appreciation potential, dividend income and capital preservation.
The portfolio managers maintain a rigorous sell discipline and consider selling or trimming a position in a stock when it no longer materially meets our investment criteria, including when (1) a stock reaches its fair valuation (target price); (2) a company’s fundamental business prospects deteriorate; or (3) a more attractive investment opportunity presents itself.
DDFIX - Performance
Return Ranking - Trailing
| Period | DDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.9% | -78.5% | 55.0% | 43.91% |
| 1 Yr | 18.4% | -77.9% | 62.0% | 43.54% |
| 3 Yr | 6.6%* | -36.2% | 31.7% | 5.70% |
| 5 Yr | 8.3%* | -0.6% | 47.9% | 75.58% |
| 10 Yr | 7.5%* | 1.9% | 25.5% | 83.46% |
* Annualized
Return Ranking - Calendar
| Period | DDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.6% | -16.9% | 46.1% | 84.91% |
| 2022 | -12.3% | -64.7% | 4.6% | 53.37% |
| 2021 | 0.1% | -44.2% | 57.5% | 93.93% |
| 2020 | -3.9% | -23.2% | 285.0% | 79.04% |
| 2019 | 18.9% | -21.4% | 48.5% | 51.65% |
Total Return Ranking - Trailing
| Period | DDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.9% | -78.5% | 55.0% | 43.91% |
| 1 Yr | 18.4% | -77.9% | 62.0% | 43.54% |
| 3 Yr | 6.6%* | -36.2% | 31.7% | 5.70% |
| 5 Yr | 8.3%* | -0.6% | 47.9% | 75.58% |
| 10 Yr | 7.5%* | 1.9% | 25.5% | 83.46% |
* Annualized
Total Return Ranking - Calendar
| Period | DDFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.8% | -15.9% | 46.7% | 95.03% |
| 2022 | -1.4% | -42.0% | 8.5% | 15.86% |
| 2021 | 19.3% | 3.6% | 129.7% | 93.15% |
| 2020 | 0.4% | -22.6% | 304.8% | 73.22% |
| 2019 | 25.5% | -12.7% | 52.1% | 51.65% |
NAV & Total Return History
DDFIX - Holdings
Concentration Analysis
| DDFIX | Category Low | Category High | DDFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 11.2 B | 125 K | 163 B | 11.87% |
| Number of Holdings | 78 | 2 | 1727 | 51.21% |
| Net Assets in Top 10 | 3.05 B | 466 K | 39.5 B | 12.90% |
| Weighting of Top 10 | 27.02% | 4.4% | 99.1% | 52.43% |
Top 10 Holdings
- JPMorgan Chase Co. 3.48%
- UnitedHealth Group Inc. 3.33%
- Chevron Corp. 2.98%
- Walmart Inc. 2.87%
- Philip Morris International Inc. 2.69%
- Wells Fargo Co. 2.42%
- Invesco Treasury Portfolio, Institutional Class 2.41%
- Analog Devices, Inc. 2.40%
- Johnson Johnson 2.33%
- Lowe's Cos., Inc. 2.12%
Asset Allocation
| Weighting | Return Low | Return High | DDFIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.14% | 4.16% | 102.49% | 81.68% |
| Cash | 4.80% | 0.00% | 17.28% | 7.94% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 75.70% |
| Other | 0.00% | -2.59% | 39.89% | 73.93% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 73.43% |
| Bonds | 0.00% | 0.00% | 97.99% | 75.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DDFIX % Rank | |
|---|---|---|---|---|
| Healthcare | 21.59% | 0.00% | 30.08% | 9.72% |
| Financial Services | 18.81% | 0.00% | 58.05% | 57.74% |
| Consumer Defense | 11.00% | 0.00% | 34.10% | 23.02% |
| Industrials | 10.22% | 0.00% | 42.76% | 62.74% |
| Technology | 8.20% | 0.00% | 54.02% | 78.02% |
| Communication Services | 7.07% | 0.00% | 26.58% | 29.34% |
| Utilities | 6.96% | 0.00% | 27.04% | 19.81% |
| Energy | 6.92% | 0.00% | 54.00% | 68.40% |
| Consumer Cyclical | 5.26% | 0.00% | 22.74% | 57.74% |
| Real Estate | 2.28% | 0.00% | 90.54% | 56.89% |
| Basic Materials | 1.69% | 0.00% | 21.69% | 83.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DDFIX % Rank | |
|---|---|---|---|---|
| US | 89.82% | 4.16% | 102.49% | 90.09% |
| Non US | 6.33% | 0.00% | 24.08% | 11.40% |
DDFIX - Expenses
Operational Fees
| DDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | 14.82% | 85.46% |
| Management Fee | 0.41% | 0.00% | 1.50% | 20.81% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| DDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| DDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| DDFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 4.70% |
DDFIX - Distributions
Dividend Yield Analysis
| DDFIX | Category Low | Category High | DDFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.87% | 0.00% | 16.67% | 58.93% |
Dividend Distribution Analysis
| DDFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| DDFIX | Category Low | Category High | DDFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.02% | -1.51% | 4.28% | 15.02% |
Capital Gain Distribution Analysis
| DDFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.059 | CapitalGainShortTerm |
| Dec 12, 2024 | $1.786 | CapitalGainLongTerm |
| Dec 12, 2024 | $0.086 | OrdinaryDividend |
| Sep 26, 2024 | $0.086 | OrdinaryDividend |
| Mar 28, 2024 | $0.091 | OrdinaryDividend |
| Dec 13, 2023 | $0.091 | OrdinaryDividend |
| Sep 28, 2023 | $0.098 | OrdinaryDividend |
| Jun 22, 2023 | $0.098 | OrdinaryDividend |
| Mar 23, 2023 | $0.098 | OrdinaryDividend |
| Dec 14, 2022 | $1.879 | OrdinaryDividend |
| Sep 22, 2022 | $0.106 | OrdinaryDividend |
| Jun 23, 2022 | $0.106 | OrdinaryDividend |
| Mar 24, 2022 | $0.107 | OrdinaryDividend |
| Dec 14, 2021 | $3.340 | OrdinaryDividend |
| Sep 23, 2021 | $0.124 | OrdinaryDividend |
| Jun 24, 2021 | $0.124 | OrdinaryDividend |
| Mar 25, 2021 | $0.123 | OrdinaryDividend |
| Dec 11, 2020 | $0.426 | OrdinaryDividend |
| Sep 17, 2020 | $0.123 | OrdinaryDividend |
| Jun 18, 2020 | $0.130 | OrdinaryDividend |
| Mar 19, 2020 | $0.130 | OrdinaryDividend |
| Dec 13, 2019 | $0.134 | OrdinaryDividend |
| Dec 13, 2019 | $0.032 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.544 | CapitalGainLongTerm |
| Sep 19, 2019 | $0.131 | OrdinaryDividend |
| Jun 20, 2019 | $0.131 | OrdinaryDividend |
| Mar 21, 2019 | $0.131 | OrdinaryDividend |
| Dec 14, 2018 | $0.176 | OrdinaryDividend |
| Dec 14, 2018 | $0.896 | CapitalGainLongTerm |
| Sep 13, 2018 | $0.121 | OrdinaryDividend |
| Jun 21, 2018 | $0.121 | OrdinaryDividend |
| Mar 22, 2018 | $0.099 | OrdinaryDividend |
| Dec 13, 2017 | $0.150 | OrdinaryDividend |
| Dec 13, 2017 | $0.006 | CapitalGainShortTerm |
| Dec 13, 2017 | $0.146 | CapitalGainLongTerm |
| Sep 14, 2017 | $0.099 | OrdinaryDividend |
| Jun 15, 2017 | $0.087 | OrdinaryDividend |
| Mar 16, 2017 | $0.086 | OrdinaryDividend |
| Dec 13, 2016 | $0.123 | OrdinaryDividend |
| Dec 13, 2016 | $0.473 | CapitalGainLongTerm |
| Sep 15, 2016 | $0.085 | OrdinaryDividend |
| Jun 16, 2016 | $0.080 | OrdinaryDividend |
| Mar 17, 2016 | $0.079 | OrdinaryDividend |
| Sep 17, 2015 | $0.080 | OrdinaryDividend |
| Jun 18, 2015 | $0.080 | OrdinaryDividend |
| Mar 19, 2015 | $0.080 | OrdinaryDividend |
| Dec 12, 2014 | $0.097 | OrdinaryDividend |
| Dec 12, 2014 | $0.006 | CapitalGainShortTerm |
| Dec 12, 2014 | $0.358 | CapitalGainLongTerm |
| Sep 18, 2014 | $0.080 | OrdinaryDividend |
| Jun 19, 2014 | $0.075 | OrdinaryDividend |
| Mar 20, 2014 | $0.073 | OrdinaryDividend |
| Dec 13, 2013 | $0.074 | OrdinaryDividend |
| Dec 13, 2013 | $0.161 | CapitalGainLongTerm |
| Sep 19, 2013 | $0.075 | OrdinaryDividend |
| Jun 20, 2013 | $0.075 | OrdinaryDividend |
| Mar 21, 2013 | $0.069 | OrdinaryDividend |
| Dec 07, 2012 | $0.085 | OrdinaryDividend |
| Dec 07, 2012 | $0.020 | CapitalGainShortTerm |
| Dec 07, 2012 | $0.187 | CapitalGainLongTerm |
| Sep 20, 2012 | $0.068 | OrdinaryDividend |
| Jun 14, 2012 | $0.070 | OrdinaryDividend |
| Mar 15, 2012 | $0.061 | OrdinaryDividend |
| Dec 09, 2011 | $0.069 | OrdinaryDividend |
| Dec 09, 2011 | $0.139 | CapitalGainLongTerm |
| Sep 15, 2011 | $0.055 | OrdinaryDividend |
| Jun 16, 2011 | $0.061 | OrdinaryDividend |
| Mar 17, 2011 | $0.062 | OrdinaryDividend |
| Dec 03, 2010 | $0.101 | OrdinaryDividend |
| Sep 16, 2010 | $0.056 | OrdinaryDividend |
| Jun 17, 2010 | $0.061 | OrdinaryDividend |
| Mar 18, 2010 | $0.060 | OrdinaryDividend |
| Dec 11, 2009 | $0.058 | OrdinaryDividend |
| Sep 18, 2009 | $0.048 | OrdinaryDividend |
| Jun 19, 2009 | $0.057 | OrdinaryDividend |
| Mar 20, 2009 | $0.060 | OrdinaryDividend |
| Dec 12, 2008 | $0.067 | OrdinaryDividend |
| Sep 18, 2008 | $0.067 | OrdinaryDividend |
| Jun 18, 2008 | $0.075 | OrdinaryDividend |
| Mar 18, 2008 | $0.075 | OrdinaryDividend |
| Dec 14, 2007 | $0.063 | OrdinaryDividend |
| Dec 14, 2007 | $0.016 | CapitalGainShortTerm |
| Dec 14, 2007 | $0.926 | CapitalGainLongTerm |
| Sep 20, 2007 | $0.062 | OrdinaryDividend |
| Jun 20, 2007 | $0.059 | OrdinaryDividend |
| Mar 20, 2007 | $0.066 | OrdinaryDividend |
| Dec 15, 2006 | $0.070 | OrdinaryDividend |
| Dec 15, 2006 | $0.078 | CapitalGainShortTerm |
| Dec 15, 2006 | $0.516 | CapitalGainLongTerm |
| Sep 20, 2006 | $0.066 | OrdinaryDividend |
| Jun 20, 2006 | $0.054 | OrdinaryDividend |
| Dec 16, 2005 | $0.048 | OrdinaryDividend |
| Dec 16, 2005 | $0.089 | CapitalGainShortTerm |
| Dec 16, 2005 | $0.072 | CapitalGainLongTerm |
DDFIX - Fund Manager Analysis
Managers
Christopher McMeans
Start Date
Tenure
Tenure Rank
Feb 26, 2016
6.26
6.3%
Chris McMeans, CFA, Portfolio Manager, who has been responsible for the Fund since September 2017 and has been associated with Invesco and/or its affiliates since 2008. 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 industry in 1999. Mr. McMeans earned a BA 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.
Caroline Le Feuvre
Start Date
Tenure
Tenure Rank
Jun 29, 2020
1.92
1.9%
Caroline Le Feuvre is a senior equities analyst on the Dividend Value team. Ms. Le Feuvre joined Invesco in 2014 and entered the industry in 2006. Previously, she joined Barrow Hanley Mewhinney & Strauss as an equity analyst in 2012 where her primary research responsibilities included coverage of both domestic and international stocks within the consumer sector. She has also served as an equity analyst with Morgan Stanley Investment Management. Ms. Le Feuvre earned a BS degree in commerce with distinction from the University of Virginia and an MBA from the Stanford University Graduate School of Business.
Peter Santoro
Start Date
Tenure
Tenure Rank
Mar 24, 2021
1.19
1.2%
Peter Santoro is a Senior Portfolio Manager for the Multi-Cap Value team at Invesco. He is a Lead Portfolio Manager for the Dividend Value strategies. Mr. Santoro joined Invesco in 2021. Prior to joining the firm, he was a senior portfolio manager at Columbia Threadneedle Investments on multiple equity strategies. He joined one of the Columbia Threadneedle Investments legacy firms in 2003. Before that, Mr. Santoro served as an equity analyst for Rockefeller & Company, concentrating on the global consumer sector. He has been in the industry since 1996. Mr. Santoro earned a BA degree, cum laude, in history from Amherst College. He is a Chartered Financial Analyst ® (CFA) charterholder.
Craig Leopold
Start Date
Tenure
Tenure Rank
Mar 10, 2022
0.22
0.2%
Mr. Leopold has been associated with Invesco and/or its affiliates since 2022. He joined the Columbia Management Investment Advisers, LLC in May 2010 when it acquired the long-term asset management business of Columbia Management Group, where he worked as an investment professional since 2003. Mr. Leopold began his investment career in 1989 and earned a B.B.A. from Adelphi University and an M.B.A. from Fordham University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
