Fund Facts  

Inception Date: Dec 31, 2001
CUSIP: 001413541
Ticker Symbol: LCEAX
Morningstar Category:Large Value
As of Sep 30, 2018
Fund Net Assets ($millions) $21,452

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital and, secondarily, current income.

Principal Investment Strategies  

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.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Invesco Diversified Dividend Aa3.73%1.40%4.37%8.76%9.22%9.42%7.71%
Russell 1000 Value Indexa,b5.70%3.92%9.45%13.55%10.72%9.79%N/A
Morningstar Large Valuea,c5.49%4.50%10.84%13.45%10.19%9.69%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund Expensesa,d
Gross Expenses0.85%
Net Expenses0.83%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 13, 2018Sep 13, 2018$0.105600000
Jun 21, 2018Jun 21, 2018$0.106000000
Mar 22, 2018Mar 22, 2018$0.084400000
Dec 13, 2017Dec 13, 2017$0.286600000
Sep 14, 2017Sep 14, 2017$0.084100000
Jun 15, 2017Jun 15, 2017$0.072500000
Mar 16, 2017Mar 16, 2017$0.070500000
Dec 13, 2016Dec 13, 2016$0.582400000
Sep 15, 2016Sep 15, 2016$0.072200000
Jun 16, 2016Jun 16, 2016$0.066200000
Mar 17, 2016Mar 17, 2016$0.066200000
Dec 11, 2015Dec 11, 2015$0.837200000
Sep 17, 2015Sep 17, 2015$0.066500000
Jun 18, 2015Jun 18, 2015$0.066400000
Mar 19, 2015Mar 19, 2015$0.066000000
Dec 12, 2014Dec 12, 2014$0.447800000
Sep 18, 2014Sep 18, 2014$0.066800000
Jun 19, 2014Jun 19, 2014$0.061800000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2018
Period Stars Category Size
Overall 3 Stars1109
3-Year 1 Stars1109
5-Year 3 Stars948
10-Year 3 Stars696

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2018
Equity Stylebox
Large Value
Allocation of Assets As of Jun 30, 2018
Type of Asset Percent
Equity91%
Fixed Income0%
Cash/Other9%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jun 30, 2018
Asset ClassPercent
Domestic Stock73.7%
Foreign Stock17.7%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash8.6%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Jun 30, 2018
SectorPercent
Consumer Defensive22.0%
Utilities16.1%
Financial Services13.4%
Industrials10.2%
Energy8.8%
Healthcare7.4%
Communication Services5.6%
Consumer Cyclical5.3%
Basic Materials2.5%
Technology0.2%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Jun 30, 2018
Holding NamePercent
AT&T Inc3.2%
The Hartford Financial Services Group Inc2.7%
Exelon Corp2.7%
Coca-Cola Co2.7%
General Mills Inc2.7%
Suncor Energy Inc2.5%
Total SA2.3%
ConocoPhillips2.2%
Entergy Corp2.1%
PPL Corp2.0%
 

Statistics

Portfolio Statistics As of Sep 30, 2018
Statistic3-Year5-Year
Beta0.660.71
Alpha-0.331.42
Standard Deviation6.827.54
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2018 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) 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. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.