Invesco Diversified Dividend Fund. Building a solid foundation
|
|
- Leon Shaw
- 6 years ago
- Views:
Transcription
1 Invesco Diversified Dividend Fund Building a solid foundation of dividend growers Equity Objective Seeks long-term capital growth with current income as its secondary objective Symbols A: LCEAX C: LCEVX Y: LCEYX R: DDFRX R5: DDFIX R6: LCEFX Fund facts and figures Top 31% vs. Morningstar peers since manager inception 1 100% dividend-paying stocks 10-year beta: Overall Morningstar Rating TM Large Value Funds Category, Class A Shares as of Dec. 31, 2017: HHHH Morningstar 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. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Class A shares received 4 stars for the overall, 3 stars for the three years, 3 stars for the five years and 4 stars for the 10 years. The fund was rated among 1,090, 1,090, 965 and 695 funds within the Morningstar Large Value Category for the overall period, three, five and 10 years, respectively. A foundation for investors portfolios With more people entering retirement, there is a growing need for investments that can serve as a solid foundation of their portfolios. Dividend-paying stocks can help by providing relatively conservative exposure to the equity market. This means their growth potential may come with lower volatility over time. Dividend-paying stocks strive to improve the investor experience (as measured by the S&P 500 Index) Manage market risk Historical beta by dividend policy Dividend growers and initiators 1.11 Non-dividend payers Provide total return Annualized returns Non-dividend payers 9.30 Dividend payers Sources: Ned Davis Research Inc., S&P Capital IQ, Compustat, Invesco. Past performance cannot guarantee comparable future results. Beta is a measure of the volatility or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta for dividend growers and initiators and non-dividend payers is based on the S&P 500 Index for rolling ten-year periods using monthly data with the first ten-year time period beginning Sept. 30, 1982 to Oct. 31, Returns based on monthly equal-weighted geometric average of total returns of S&P 500 component stocks, with components catagorized monthly. Annualized returns are shown from Jan. 31, Dec. 31, Non-Dividend Paying Stocks represents non-dividend paying stocks of the S&P 500 Index, Dividend Payers represents dividend-paying stocks of the S&P 500 Index and Dividend Growers and initiators represents all dividend-paying stocks of the S&P 500 Index that raised their existing dividend or initiated a new dividend recatgorized monthly. Indexes are unmanaged and an investment cannot be made directly into an index. Invesco Diversified Dividend Fund seeks to serve as a foundation for investors portfolios by employing a total return approach combining appreciation, income and preservation. The fund: Is managed to provide potential upside participation relative to the downside risk over a full market cycle. Invests in companies with attractive total return profiles over a full market cycle. Focuses on companies with sustainable and growing dividends. 3 Seeks to deliver a low-volatility, broadly diversified stock portfolio across all market sectors. 15 years of dividend value investing Invesco Diversified Dividend Fund An active strategy that seeks to deliver value through dividend investing by employing a total return approach combining appreciation, income and preservation over a full market cycle 1 Source: StyleADVISOR. The fund ranking is based on total return at NAV versus 781 (242 of 781) Morningstar large value peers since manager inception on Dec. 31, 2002, through Dec. 31, 2017 at NAV. 2 Source: StyleADVISOR. Beta is versus the Russell 1000 Value Index. 3 The fund may invest up to 20% of its total assets in investment grade debt securities of US issuers. 1 Appreciation A consistent history of adding value for investors 2 Income A focus on sustainable and growing dividends 3 Preservation A consistent history of lower volatility for investors
2 Appreciation A consistent history of adding value for investors 1 Dividends are valuable, but competitive long-term results are driven by the combination of dividends and appreciation. Top 31% ranking vs. Morningstar peers since manager inception 1 The fund seeks to invest in companies with an attractive total return profile, adding value with less risk over a full market cycle. The team s valuation discipline looks for a minimum of 35% upside over a two- to three-year horizon for new investments. A total return approach takes advantage of market inefficiencies where investors are focused on short-term headwinds or don t recognize the long-term opportunity. This process has helped deliver attractive results for shareholders. A history of adding value for investors Invesco Diversified Dividend Fund Class A shares at NAV since manager inception Dec. 31, 2002 to Dec. 31, 2017 Growth of $10k-total return Growth of $10k-price only return, without dividends $40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 12/02 12/04 12/06 12/08 12/10 12/12 12/14 12/16 $39,266 $23,375 Source: Invesco as of Dec. 31, Since manager inception, an investment of $10,000 on Dec. 31, 2002, would have grown to $39,266 by Dec. 31, 2017 if dividends were reinvested. If dividends were taken in cash, the return would have been $23,375. Returns for Class A shares do not include sales charges. Past performance is not a guarantee of future results. Average annual returns (%) as of Dec. 31, 2017 Invesco Diversified Dividend Fund Class A shares Class A shares at NAV Class A shares at max load 5.50% Russell 1000 Value Index % 1 year 5 years 10 years Inception (12/31/01) Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Visit invesco.com/performance for the most recent month-end performance. Figures reflect reinvested distributions and changes in NAV. Investment return and principal value will vary; you may have a gain or a loss when you sell shares. Index returns do not reflect any fees, expenses or sales charges. Investments cannot be made directly into an index. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses returns and rankings would have been lower. The gross expense ratio on Class A shares for Invesco Diversified Dividend Fund is 0.84%. See the fund s current prospectus for more information. 1 Source: StyleADVISOR. The fund ranking is based on total return at NAV versus 781 (242 of 781) Morningstar large value peers since manager inception on Dec. 31, 2002, through Dec. 31, Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer s board of directors and the amount of any dividend may vary over time.
3 Income A focus on sustainable and growing dividends 2 On average, 81% of the fund s holdings have raised their dividends annually. 1 The fund s strategy focuses on current income from companies with sustainable and growing dividends which are often an indicator of a well-managed, financially disciplined business. The investment team analyzes each company s ability to maintain or raise dividends in the future. This includes an analysis of historical dividend payment patterns, as well as a determination of the firm s ability to produce high returns on invested capital that could be distributed to shareholders. As shown in the chart below, the fund has delivered a 13.82% dividend growth rate for investors since manager inception. Please note that quarterly dividend payouts varied and decreased during some periods. A history of strong dividend growth Annualized dividend growth rate since manager inception % CPI (inflation) S&P 500 Index Invesco Diversified 14 Dividend Fund Sources: Invesco, Lipper Inc., FactSet and Research Systems, Inc. The chart is from manager inception on Dec. 31, 2002, through Dec. 31, The Consumer Price Index (CPI) is a measure of change in consumer prices as determined by the US Bureau of Labor Statistics. Past performance is no guarantee of future results. Investments cannot be made directly into an index. 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. The dividend growth rate reflected assumes an initial investment of $10,000 into Invesco Diversified Dividend Fund on Dec. 31, 2002, with no reinvestment of dividends over time. Past performance is no guarantee of future results. Please note that quarterly dividend payouts varied and decreased during some periods since the manager inception period. 1 Sources: Invesco, Compustat. Data from manager inception of Dec. 31, 2002, through Dec. 31, Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer s board of directors and the amount of any dividend may vary over time.
4 Preservation A consistent history of outperformance in downturns 3 The fund outpaced peers during the last bear market, with a total return ranking at NAV in the top 8% of its category. 1 The investment team seeks to balance total return with risk management to limit volatility, minimize downside risk and ensure broad sector diversification. The strategy s risk management framework seeks to identify sound companies and conducts scenario analysis on potential investments to assess potential downside risk. The fund outpaced peers during the last bear market, with a total return ranking at NAV in the top 8% of its category. 1 Invesco Diversified Dividend Fund seeks to provide strong upside participation with better downside preservation over a full market cycle, delivering a less volatile experience for investors over time. The investment team focuses on firms with strong balance sheets and an attractive risk / reward profile. Preservation: Invesco Diversified Dividend Fund has a history of outperformance in market downturns Invesco Diversified Dividend Fund vs. Russell 1000 Value Index five worst market downturns since team inception on 12/31/02 Invesco Diversified Dividend Fund Russell 1000 Value Index Invesco Diversified Dividend Fund vs. the Russell 1000 Value in market downturns $40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 12/02 12/03 12/04 12/05 12/06 12/07 12/08 Great Recession +9.95% 12/09 12/10 European Sovereign Debt Crisis +2.01% 12/11 US Credit Down-grade +3.51% 12/12 12/13 12/14 EM Slowdown +6.22% 12/15 12/16 EM Slowdown Part % 12/17 Sources: Invesco, StyleADVISOR, as of Dec. 31, Shaded area time periods represent the largest market downturns: 10/10/07-3/9/09, 4/23/10 7/5/10, 4/29/11 10/3/11, 11/3/15 2/11/16 and 5/21/15-8/25/15. Past performance cannot guarantee comparable future results. Investments cannot be made directly into an index. Returns for class A shares are at NAV and do not include sales charges. Invesco Diversified Downturns Russell 1000 Value Index (%) Dividend Fund Class A Shares at NAV (%) Great Recession 10/10/07 3/9/ European Sovereign Debt Crisis 4/23/10 7/5/ US Credit Downgrade 4/29/11 10/3/ EM Slowdown 5/21/15 8/25/ EM Slowdown, Part 2 11/3/15 2/11/ Average Average Outperformance of Invesco Diversified Dividend Fund 5.46 Sources: Invesco, StyleADVISOR, as of Dec. 31, Past performance is not a guarantee of future results. Investments cannot be made directly into an index. Performance data in above table and chart is based on cumulative returns. 1 Source: StyleADVISOR. Total return ranking at NAV in Morningstar Large Value category and are based on total return, excluding sales charges and including fees and expenses. Bear market performance shown is from the month after the start date of Oct. 10, 2007, through March 31, 2009, the month end closest to the end of the bear market on March 9, The fund was ranked 99 of 1,172 funds in the Morningstar Large Value category.
5 A foundation for investors portfolios Invesco Diversified Dividend Fund The fund ranked in the top 32% in the last full market cycle and is in the top 13% in the current full market cycle. 2 Time periods represented: Bull market ranking shown is from the month after the start date of March 12, 2003 through Oct. 31, 2007, month end after the end of the bull market on Oct. 9, Full market cycle ranking shown is from the month after the start date of March 12, 2003 through March 31, 2009, the month end after the end of the full market cycle on March 9, Bear market ranking shown is from the month after the start date of Oct. 10, 2007, through March 31, 2009, the month after the end of the bear market on March 9, Current full market cycle ranking shown is from the month after the start date of Oct. 10, 2007, through Dec. 31, Current bull market cycle ranking shown is from the month after March 9, 2009, through Dec. 31, Sources: Invesco, StyleADVISOR. Fund performance reflects any applicable fee waivers and/or expense reimbursements. Had the adviser not waived fees and/or reimbursed expenses returns and rankings would have been lower. Past performance is no guarantee of future results. Rankings are based on total return, excluding sales charges and including fees and expenses versus all funds in the Morningstar category. Open-end mutual funds and exchangetraded funds are considered a single population for comparison purposes. Had fees not been waived and/or expenses reimbursed currently or in the past, the ranking would have been lower. Rankings for other share classes may differ due to different performance characteristics. Sources: Invesco, FactSet Research Systems, Inc., StyleADVISOR, Lipper Inc. Past performance is no guarantee of future results. Index performance reflects reinvestment of dividends. An investment cannot be made directly in an index. 1 The fund may invest up to 20% of its total assets in investment grade debt securities of US issuers. 2 Source: StyleADVISOR 3 Morningstar rankings are based on total return, excluding sales charges and including fees and expenses, versus all funds in the Morningstar Large Value category. 4 The bear market outperformance is shown as cumulative in the chart due to its short duration compared with other time periods. An active strategy that seeks to deliver value through dividend investing by employing a total return approach combining appreciation, income and preservation over a full market cycle. Investing in companies with attractive total return profiles over a full market cycle Focusing on companies with sustainable and growing dividends 1 Seeking to deliver a low-volatility, broadly diversified portfolio The fund has outperformed its benchmark with less risk over full market cycles Invesco Diversified Dividend Fund Class A shares at NAV versus the Russell 1000 Value Index since manager inception (Dec. 31, 2002, through Dec. 31, 2017) Invesco Diversified Dividend Fund Russell 1000 Value Index 12/02 12/04 Bull Market % 83rd percentile (916/1,107) 12/06 Full Market Cycle % 32nd percentile (360/1,107) 12/08 Bear Market 3, % 8th percentile (99/1,172) Average annual total returns (%) Bull market (3/12/03 to 10/9/07) 12/10 12/12 12/14 Current Bull Market -1.31% 45th percentile (447/1,001) Current Full Market Cycle +1.30% 13th percentile (120/942) Bear market (10/10/07 to 3/9/09) Full market cycle (3/12/03 to 3/9/09) Current bull market (3/9/09 to 12/31/17) 12/16 $39,266 $39,309 Current full cycle (10/10/07 to 12/31/17) Class A shares at NAV Class A shares at max 5.5% load Russell 1000 Value Index Outperformance/underperformance of Invesco Diversified Dividend Fund at NAV versus the Russell 1000 Value Index Total return rankings, class A shares at NAV as of Dec. 31, 2017 Class A shares Invesco Diversified Dividend Fund Morningstar category Large Value Funds 1-year 5-years 10-years Since inception (12/31/01) % Rank % Rank % Rank % Rank 98% 1,238/ 1,260 71% 633/ % 77/ % 163/ 736
6 Why Invesco for US value equities? Finding the right combination of value strategies By the numbers Value assets under management 1 $82.7 billion Average years of US value equities experience >18 At Invesco, we have four distinct value strategies that search for opportunities in different ways. But all of our strategies have some important things in common: consistent management, disciplined processes and a focus on long-term value. Wondering if your current value strategy is the right one for you? It might be time to compare your current value managers to Invesco. % of Class A shares open-end value mutual fund assets in the top half of peer group 2 93 Number of distinct value styles 4 Explore High-Conviction Investing with Invesco 1 Data as of Dec. 31, Includes SMAs, institutional separate accounts, mutual funds, variable insurance trusts and sub-advised. 2 Source: Morningstar, Inc. The rankings are based on total returns at NAV and are for the 10-year period ending Dec. 31, Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time and may include periods of negative performance. The funds may have experienced negative returns for the time periods shown. Please see invesco.com/fundperformance for most recent performance. About risk The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues. A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets. The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risks associated with an investment in the fund. Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisors for a prospectus/summary prospectus or visit invesco.com/fundprospectus. Note: Not all products, materials or services available at all firms. Advisors, please contact your home office. This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions. All data as of Dec. 31, 2017, unless otherwise stated. Standard deviation measures a fund s range of total returns and identifies the spread of a fund s short-term fluctuations. Beta is a measure of the volatility or systematic risk, of a security or a portfolio in comparison to the market as a whole. Diversification does not guarantee a profit or eliminate the risk of loss. The S&P 500 Index is an unmanaged index considered representative of the US stock market. 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 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 isn t 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 cannot guarantee future results. Ratings are as of Dec. 31, 2017, and are subject to change monthly. 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 for other share classes may differ due to different performance characteristics. invesco.com/us DDI-IVG-1 01/18 Invesco Distributors, Inc. US1450
Invesco Comstock Fund. Finding opportunity
Invesco Comstock Fund Finding opportunity in deep value Equity Objective The fund seeks total return through growth of capital and current income. Symbols A: ACSTX C: ACSYX Y: ACSDX R: ACSRX R5: ACSHX
More informationNon-US US Non-US US Non-US US. What does that mean for you as an investor? Why Invesco International Growth Fund? 1 Consistency of performance
Invesco International Growth Fund Seeking quality growth abroad Equity Objective Seeks long-term growth of capital A: AIIEX C: AIECX Y: AIIYX R: AIERX R5: AIEVX R6: IGFRX Fund facts and figures 26 years
More informationSunAmerica Focused Dividend Strategy Portfolio
5-Star Overall Morningstar Rating (Out of 1,045 funds in the Large Value Category as of 3/31/13) Please see inside for important information on Morningstar ratings. SunAmerica Focused Dividend Strategy
More informationSunAmerica Focused Dividend Strategy Portfolio
5-Star Overall Morningstar Rating (Out of 1,190 funds in the Large Value category as of 12/31/2015) Please see inside for important information on Morningstar ratings. SunAmerica Focused Dividend Strategy
More informationAIG Focused Dividend Strategy Fund
Class A: FDSAX Class B: FDSBX Class C: FDSTX Class W: FDSWX 5-Star Overall Morningstar Rating (out of 1,108 funds in the Large Value category, based on risk-adjusted performance as of 9/30/17) Please see
More informationCOLUMBIA DIVIDEND INCOME FUND
COLUMBIA DIVIDEND INCOME FUND FOR SUSTAINABLE INCOME, FOCUS ON FREE CASH FLOW Share Class Symbol A Advisor C Institutional Institutional 2 Institutional 3 R LBSAX CVIRX LBSCX GSFTX CDDRX CDDYX CDIRX Why
More informationAspiriant Risk-Managed Equity Allocation Fund RMEAX Q4 2018
Aspiriant Risk-Managed Equity Allocation Fund Q4 2018 Investment Objective Description The Aspiriant Risk-Managed Equity Allocation Fund ( or the Fund ) seeks to achieve long-term capital appreciation
More informationYour Invesco Partner Anthony Graves. Regional Vice President
Spring 2015 Edition Your Invesco Partner Anthony Graves Regional Vice President anthony.graves@invesco.com 858 504 1545 TheInvescoAdvisor Contents 1 Invesco Equity and Income Fund 2 What Are Your Returns
More informationDoes greater risk equal greater reward?
Does greater risk equal greater reward? The simple answer is not always, which is why investors may look at lower-volatility fund options like GuideStone s Defensive Market Strategies Fund. The Fund aims
More information4Q17 Global & International Equity GLOBAL EQUITY. 10+ Years of Providing High Income Through Global Dividends
4Q17 Global & International Equity GLOBAL EQUITY INCOME FUND 10+ Years of Providing High Income Through Global Dividends A: HFQAX C: HFQCX I: HFQIX N: HFQRX S: HFQSX T: HFQTX Overall Morningstar Rating
More informationSmart Beta ETFs: 3 ways to address investor needs
Smart Beta ETFs: 3 ways to address investor needs Help achieve investor goals with smart beta ETFs This guide highlights three ways investors are using ishares smart beta ETFs: 1 Lower volatility can help
More informationThe Glenmede Fund, Inc. The Glenmede Portfolios
The Glenmede Fund, Inc. The Glenmede Portfolios Annual Report The performance for the portfolios shown on pages 2 to 4 and 6 to 24 represents past performance and is not a guarantee of future results.
More informationInception date 8/01/12 Minimum initial investment $500
INVESTMENT INSIGHTS Dividend & Income Builder Fund HDAVX HDCVX HDIVX December 31, 2016 Investment strategy The Fund is a global diversified portfolio of income-producing securities, primarily dividend
More informationBALANCED FUND. 25 Years of Dynamic Asset Allocation. 4Q17 Asset Allocation. Overall Morningstar Rating TM
4Q17 Asset Allocation BALANCED FUND 25 Years of Dynamic Asset Allocation A: JDBAX C: JABCX I: JBALX N: JABNX R: JDBRX S: JABRX T: JABAX Overall Morningstar Rating TM Based on risk adjusted returns as of
More informationDavenport Small Cap Focus Fund Earns 4 Star Rating from Morningstar
FOR IMMEDIATE RELEASE January 10, 2018 Contact: Kristine Becker, Communications Manager (804) 915-2765 kbecker@investdavenport.com Davenport Small Cap Focus Fund Earns 4 Star Rating from Morningstar RICHMOND,
More informationBoston Partners Managed Mutual Funds
Percentile Rankings vs. Morningstar Category: September 0, 08 Strategy Institutional Shares Ticker Overall Morningstar Rating Return Rank Return Rank Return Rank Return Rank Return Rank BP All-Cap Value
More informationInvesco fund guide Your diversified investment strategies resource. Data as of Sept. 30, 2016
Invesco fund guide Your diversified investment strategies resource Data as of Sept. 30, 2016 Explore High-Conviction Investing with Invesco At Invesco, we re dedicated to delivering an investment experience
More informationFranklin U.S. Rising Dividends Fund DIVIDENDS AN INDICATOR OF GROWTH
Franklin U.S. Rising Dividends Fund DIVIDENDS AN INDICATOR OF GROWTH The Strategy A Disciplined Approach to Stock Selection Franklin U.S. Rising Dividends Fund invests in high-quality, U.S. companies with
More informationTIAA-CREF Lifecycle Index 2010 Fund
TIAA-CREF Lifecycle Index 2010 Institutional Class (TLTIX) As of 12/31/17 Portfolio Strategies The Lifecycle Index 2010 seeks high total return over time through a combination of capital appreciation and
More informationInvesco Diversified Dividend Fund s investment objective is longterm growth of capital and, secondarily, current income.
Prospectus February 28, 2011 Class: A (LCEAX), B (LCEDX), C (LCEVX), Investor (LCEIX), R (DDFRX), Y (LCEYX) Invesco Diversified Dividend Fund Invesco Diversified Dividend Fund s investment objective is
More informationIS THE BEST OFFENSE A GOOD DEFENSE? A NEW APPROACH TO PREPARING FOR MARKET VOLATILITY
IS THE BEST OFFENSE A GOOD DEFENSE? A NEW APPROACH TO PREPARING FOR MARKET VOLATILITY No one can look to the past and forecast exactly when Volatility is unpredictable. it will come or when it will go.
More informationCalamos Phineus Long/Short Fund
Calamos Phineus Long/Short Fund Performance Update SEPTEMBER 18 FOR INVESTMENT PROFESSIONAL USE ONLY Why Calamos Phineus Long/Short Equity-Like Returns with Superior Risk Profile Over Full Market Cycle
More informationFinding equity returns in the U.S.
Finding equity returns in the U.S. Challenges and opportunities Our panelists Chris Jones, CIO, U.S. Growth & Small Cap Tom Luddy, Portfolio Manager, Large Cap Core and Large Cap Core Plus 130/30 Clare
More informationConvertible bond investing Invesco s Convertible Securities Strategy
1 Convertible bond investing Invesco s Convertible Securities Strategy Introduction to convertible bonds A primer Convertible securities provide investors the opportunity to participate in the upside of
More informationBLACKROCK.COM/ED EQUITY DIVIDEND FUND With lifespans increasing, investors desiring a long, comfortable retirement will need growing income. Quality, dividend-paying companies that can generate cash flow
More informationSDOG ALPS SECTOR DIVIDEND DOGS ETF VALUE, INCOME, DIVERSIFICATION
ALPS SECTOR DIVIDEND DOGS ETF VALUE, INCOME, DIVERSIFICATION discipline diversification analysis SDOG provides the potential opportunity to capture above-market returns and high dividend income in a disciplined,
More informationHEARTLAND VALUE FUND
HEARTLAND VALUE FUND An investor should consider the Fund s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information can
More informationFranklin Rising Dividends Fund
Blend Franklin Rising Dividends Fund A UNIQUE APPROACH TO INVESTING The Strategy Franklin Rising Dividends Fund employs a unique, disciplined approach to stock selection. Generally, companies must meet
More informationBoston Partners Managed Mutual Funds
Percentile Rankings vs. Morningstar Category: June 0, 08 Strategy Institutional Shares Ticker Overall Morningstar Rating Return Rank Return Rank Return Rank Return Rank Return Rank BP All-Cap Value Fund
More informationBLACKROCK.COM/ED EQUITY DIVIDEND FUND With lifespans increasing, investors desiring a long, comfortable retirement will need growing income. Quality, dividend-paying companies that can generate cash flow
More informationFirst Trust AlphaDEX Family of ETFs Fundamentally Different
First Trust AlphaDEX Family of ETFs Fundamentally Different Dan Waldron ETF Strategist, Sr. Vice President First Trust ETF Assets $32,000,000,000 $28,000,000,000 $24,000,000,000 $20,000,000,000 AlphaDEX
More informationTIAA Access Accounts - TIAA-CREF Lifecycle Funds - Level 4
TIAA Accounts - TIAA-CREF Funds - Level 4 Glidepath Strategy Target-date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income investments)
More informationTIAA Access Accounts - TIAA-CREF Lifecycle Funds - Level 2
Glidepath Strategy Target-date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income investments) along specific points in time. A
More informationNavigator Taxable Fixed Income
CCM-17-09-966 As of 9/30/2017 Navigator Taxable Fixed Navigate Fixed with Individual Bonds With yields hovering at historic lows, an active strategy focused on managing risk may deliver better client outcomes
More informationFactor Investing. Fundamentals for Investors. Not FDIC Insured May Lose Value No Bank Guarantee
Factor Investing Fundamentals for Investors Not FDIC Insured May Lose Value No Bank Guarantee As an investor, you have likely heard a lot about factors in recent years. But factor investing is not new.
More informationA More Conservative Approach to High Yield Opportunities
FUND performance Analysis APRIL 2010 www.calamos.com Calamos Financial Services LLC, Distributor High Yield Fund Fund Ticker Symbols A Shares B Shares C Shares I Shares CHYDX CAHBX CCHYX CIHYX > Performance
More informationGlobal Allocation Fund
INST: MALOX A: MDLOX C: MCLOX K: MKLOX Allocation Fund Morningstar Analyst Rating Scour the world to reach your goals Think outside the (style) box: Broaden your universe to find opportunities. Morningstar
More informationInvesco Premium Income Fund
Invesco Premium Income Fund Balanced Income A multi-asset strategy designed using risk-balancing principles that seeks income and an increase in value during periods of economic strength and seeks protection
More informationIn our experience, advisors often work to educate their clients about the importance of diversification across asset classes.
THE BTS TACTICAL FIXED INCOME FUND IN THE CONTEXT OF A BROADER PORTFOLIO by Matthew Pasts, CMT, CEO, BTS Asset Management, Inc. In our experience, advisors often work to educate their clients about the
More information4Q17 Fixed Income BOND FUND FLEXIBLE. 30 Years of Fundamental Fixed Income Investing A: JDFAX C: JFICX I: JFLEX N: JDFNX R: JDFRX S: JADFX T: JAFIX
4Q17 Fixed Income FLEXIBLE BOND FUND 30 Years of Fundamental Fixed Income Investing A: JDFAX C: JFICX I: JFLEX N: JDFNX R: JDFRX S: JADFX T: JAFIX Flexible Bond Fund Portfolio at a Glance Highlights Dynamic
More informationThe Power of Dividends
$1,0 FOURTH QUARTER 2017 White Paper The Power of Dividends Past, Present, and Future Inside: The Long-Term View Decade By Decade: How Dividends Impacted Returns When High Beat Highest Payout Ratio: A
More informationA Case Study: Plan Design, Participant Behavior and Better Outcomes
A Case Study: Plan Design, Participant Behavior and Better Outcomes Greg Boswell O.C. Tanner Chris Monachino American Century Investments Richard Weiss American Century Investments FOR INSTITUTIONAL USE
More informationAn Economic Perspective on Dividends
2017 An Economic Perspective on Dividends Table of Contents Corporate Outlook... 1 2 Market Environment... 3 7 Payout Ratio... 8 9 Long-term View...10 12 Global View... 13 16 Active Management... 17 Risk
More informationFactor Investing by ishares
Factor Investing by ishares Smart Beta strategies for the core of your portfolio ICRMH0219U-732979-1/24 Active funds are under pressure Underperformance. High fees. Capital gains distributions. Active
More informationBalancing Risk with Return. Nationwide Investor Destinations Funds
Balancing Risk with Return Nationwide Investor Destinations Funds As of June 30, 2017 Nationwide Investor Destinations Funds Nationwide Investor Destinations Funds are risk-based asset allocation funds.
More informationTarget-date strategies: Putnam Retirement Advantage Funds
Target-date strategies: Retirement Advantage Funds Q3 17 Retirement Advantage Funds Featuring a distinctive glide path to pursue better risk-adjusted returns for retirement investors. For dealer use only.
More informationNEAR-TERM TAX FREE FUND (NEARX) usfunds.com US.FUNDS October
NEAR-TERM TAX FREE FUND (NEARX) 1.800.US.FUNDS October 2014 14-491 Corporate Overview Boutique investment management firm specializing in actively managed equity and bond strategies. Longstanding history
More informationFranklin Utilities Fund Class A, C
Utilities Equity Product Profile Product Details 1 Fund Assets $5,788,850,628.56 Fund Inception Date 09/30/1948 Number of Issuers 43 Investment Style Benchmark Lipper Classification Morningstar Category
More informationCALM, COOL AND INVESTED
CALM, COOL AND INVESTED Staying on track to live the life you want This brochure provides year-end performance. When data for subsequent quarters are available, the brochure must be accompanied by a performance
More informationVanguard Institutional Target Retirement Funds
Vanguard Funds Date AS OF 09/30/2017 Glidepath Strategy -date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income investments) along
More informationNuance Mid Cap Value Fund (NMVLX)
Value Fund (NMVLX) Third Quarter Investment Objective The Value Fund seeks long term capital appreciation. The performance focus is on absolute return and Sharpe vs the Russell Midcap Value, primary benchmark,
More informationThe Johns Hopkins University 403(b) Retirement Plans Notice of Default Investments
The Johns Hopkins University 403(b) Plans Notice of Default Investments The University s Active 403(b) Plans The Johns Hopkins University sponsors the Johns Hopkins University 403(b) Plan and the Johns
More informationMorningstar Highlights
Morningstar Highlights Fourth quarter Data as of Dec. 31, 2016 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-
More informationFranklin Select U.S. Equity Fund. Advisor Class
Franklin Select U.S. Equity Fund Advisor Class Blend Equity Product Profile Product Details 1 Fund Assets $91,842,807.55 Fund Inception Date 12/13/2007 Number of Issuers 49 NASDAQ Symbol FCEZX Maximum
More informationQ Performance Report
Q1 2018 Performance Report Generated by: NASDAQ: TIPRX (A Shares) Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose
More informationCalamos Growth Fund (CVGRX)
Calamos Growth Fund (CVGRX) Active Growth Investing for Over 20 Years 2Q 2015 The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic
More informationDifferent Perspectives on Investment Performance Tweedy, Browne Global Value Fund
Different Perspectives on Investment Performance Tweedy, Browne Global Value Fund This booklet provides an historical perspective concerning the year-by-year variability of investment returns for the Tweedy,
More informationVanguard Target Retirement Funds - Investor Share Class
Vanguard Funds - Investor Share Class Date AS OF 09/30/2017 Glidepath Strategy -date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income
More informationQuarterly Scorecard 1st Quarter 2015 what s INSIDE
Quarterly Scorecard 1st Quarter 2015 what s INSIDE ETF Stats Ticker: NAV Symbol:.NV Intraday Symbol:.IV Listing Exchange: NYSE Arca CUSIP: 00162Q 205 Fund Inception: 7/6/2009 Dividends Paid: Quarterly
More informationDifferent Perspectives on Investment Performance Tweedy, Browne Global Value Fund
Different Perspectives on Investment Performance Tweedy, Browne Global Value Fund This booklet provides an historical perspective concerning the year-by-year variability of investment returns for the Tweedy,
More informationNavigator Fixed Income Total Return (ETF)
CCM-17-09-1 As of 9/30/2017 Navigator Fixed Income Total Return (ETF) Navigate Fixed Income with a Tactical Approach With yields hovering at historic lows, bond portfolios could decline if interest rates
More informationInvesco Small Cap Growth Fund
Prospectus April 30, 2010 Class: A (GTSAX), B (GTSBX), C (GTSDX), R (GTSRX), Y (GTSYX), INVESTOR (GTSIX) Invesco Small Cap Growth Fund Go Paperless with edelivery Visit invesco.com/edelivery Prospectus
More informationReasons to Consider Dividend-Paying Stocks
Reasons to Consider Dividend-Paying Stocks By Fayez Sarofim & Co. May 2014 Reasons to Consider Dividend-Paying Stocks 1. Generate Income in a Low Yield Environment 2. Realize Potential for Dividends to
More informationNavigator Tax Free Fixed Income
CCM-17-12-967 As of 12/31/2017 Navigator Tax Free Fixed Income Navigate Tax-Free Fixed Income with Individual Municipal Bonds With yields hovering at historic lows, an active strategy focused on managing
More informationAsset manager profiles
SECTION 1 Asset manager profiles John Hancock New York All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company of New York. 4 Committed
More informationTempleton Global Bond Fund TAP INTO A WORLD OF OPPORTUNITY
Templeton Global Bond Fund TAP INTO A WORLD OF OPPORTUNITY Franklin Templeton Investments Gain From Our Perspective Franklin Templeton s distinct multi-manager structure combines the specialized expertise
More informationMulti-Asset. Franklin Income Fund A HISTORY OF INCOME AND GROWTH
Multi-Asset Franklin Income Fund A HISTORY OF INCOME AND GROWTH Not FDIC Insured May Lose Value No Bank Guarantee Why Franklin Income Fund? Key Reasons to Invest Whether you re saving for retirement or
More informationOppenheimer Discovery Fund
Ticker Symbols: OPOCX (Class A shares), ODIYX (Class Y shares), ODIIX (Class I shares) Performance Summary Portfolio Managers Ronald Zibelli, CFA Since 6/06 Ash Shah, CFA, CPA Since 2/14 Client Portfolio
More informationInvestment Comparison
Investment Data as of 1/31/217 PAGE 2 OF 7 Fi36 FIDUCIARY SCORE OVERVIEW INVESTMENT ClearBridge Small Cap Value I MassMutual Premier Small Cap Opps R5 ishares Russell 2 Small-Cap Idx Instl Victory Integrity
More informationI. CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE APPROVAL OF AGENDA V. PUBLIC COMMENT NEW BUSINESS
I. CALL TO ORDER AGENDA RETIREE HEALTH CARE TRUST BOARD SPECIAL MEETING MONROE COUNTY BOARD OF COMMISSIONERS CHAMBERS ROOM FRIDAY, OCTOBER 28, 2016 11:30 A.M. 125 E. SECOND STREET MONROE, MI 48161 (734)
More information%www.barrons.com. Grounded In Bonds. Talking With Meggan Walsh Portfolio Manager Invesco Diversified Dividend Fund. by Amy Feldman
%www.barrons.com The dow jones business and Financial weekly DECEMBER 2, 2013 Talking With Meggan Walsh Portfolio Manager Invesco Diversified Dividend Fund Grounded In Bonds by Amy Feldman Robert Seale
More informationWealth Strategies Monitor
Blend Strategies MUTUAL FUNDS Wealth Strategies Monitor Third Quarter 2011 Highlights Stocks fell sharply as fundamentals were overwhelmed by risk aversion amid doubts about the global economy and Europe
More informationTop 10 Reasons This Remains A Misunderstood and Underutilized Asset Class. Please see last page for important disclosures.
18 INTERNATIONAL SMALL CAP Top 10 Reasons This Remains A Misunderstood and Underutilized Asset Class Please see last page for important disclosures. 1 INTERNATIONAL INVESTING IS RISKY. 2 INTERNATIONAL
More informationQUARTERLY COMMENTARY HEARTLAND VALUE FUND
HEARTLAND VALUE FUND d. *Prior to October 2009, index domestic equity ETF data included fewer than 7 actively managed domestic equity ETFs. Exchange Traded Fund (ETF) Source: Investment Company Institute,
More informationCapturing Opportunity, Managing Risk
EVOLVING WORLD GROWTH FUND Capturing Opportunity, Managing Risk An Active Approach to Emerging Markets Investing THE CALAMOS DOCTRINE As the global marketplace changes, successfully investing for growth
More informationDoubleLine Core Fixed Income Fund Fourth Quarter 2017
Income Fund Fourth Quarter 2017 333 S. Grand Ave., 18th Floor Los Angeles, CA 90071 (213) 633-8200 The Income Fund (DBLFX/DLFNX) is DoubleLine s flagship fixed income asset allocation fund. The fund seeks
More informationAsset manager profiles
SECTION 1 Asset manager profiles John Hancock USA All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company (U.S.A.). John Hancock is a division
More informationFOURTH QUARTER 2017 FUND FOCUS CLASS A SHARE QUARTERLY PERFORMANCE UPDATE
FOURTH QUARTER 2017 FUND FOCUS QUARTERLY PERFORMANCE UPDATE CLASS A SHARE How to use this booklet To help give you a better understanding of each, this booklet provides information about the 21 different
More informationNavigator High Dividend Equity
CCM-17-09-6 As of 9/30/2017 Navigator High Dividend Equity Navigate the U.S. Equity Markets with a Focus on Dividend Growth We believe it is prudent to focus on dividend growth through fundamental analysis,
More informationBarings Participation Investors
Historical Price Performance Worst 3 Months -10.01% Best 3 Months 9.30% 2013 2014 2015 2016 2017 2018 Closed End Fund Strategy Information on Fund Strategy is not available Performance Returns Data as
More informationWhy Dividends? Market Commentary January 2018
Why Dividends? Market Commentary January 2018 OVER THE YEARS, INVESTOR APPETITE FOR DIVIDENDS has waxed and waned. Historically, research in dividend investing has measured everything from performance
More informationAsset manager profiles
SECTION 1 Asset manager profiles John Hancock USA All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company (U.S.A.). John Hancock is a division
More informationAsset manager profiles
SECTION 1 Asset manager profiles John Hancock USA All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company (U.S.A.). John Hancock is a division
More informationShort exposure to US equities
Portfolio performance The All Asset Fund aims to serve as a differentiated asset allocation strategy. It focuses on third pillar assets in seeking three key outcomes: 1) long-term real return consistent
More informationTIAA-CREF Lifecycle Funds - Retirement Share Class
TIAA-CREF Funds TIAA-CREF Funds - Retirement Share Class Glidepath Strategy Target-date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income
More informationVanguard Target Retirement Funds - Investor Share Class
Funds - Investor Share Class Glidepath Strategy -date funds employ glidepaths, which are the planned progression of asset allocation changes (e.g., mix of equity and fixed-income investments) along specific
More informationDue Diligence Report. Prepared For: Invesco R6. Shares are not FDIC insured, may lose value and have no bank guarantee. Invesco Distributors, Inc.
Due Diligence Report Prepared on: 2/6/2017 Prepared For: Invesco R6 Shares are not FDIC insured, may lose value and have no bank guarantee. Invesco Distributors, Inc. Page 1 of 9 Standardized Performance
More informationThe Deutsche Asset Management municipal bond suite
Tax-Free Income 3rd quarter 2017 The Deutsche Asset Management municipal bond suite Long-term results from an experienced team Four reasons to consider municipal bonds and the Deutsche Asset Management
More informationAn effective hedging tool for long-only equity holdings
BTAL An effective hedging tool for long-only equity holdings Since the 2008 Global Financial Crisis ( GFC ), when the term tail risk entered the general lexicon, investors embraced ways to insulate their
More informationSEEKING A BALANCE OF SAFETY AND TOTAL RETURN
SEEKING A BALANCE OF SAFETY AND TOTAL RETURN PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. MORNINGSTAR OVERALL RATING Class R Class A, Q, and Z Positive performance in the past 26 out of 27 years Portfolio
More informationMid Cap Dividend Growth Strategy
Mid Cap Dividend Growth Strategy Product Level Investment Process Stock Universe Companies that have increased their dividends with market capitalizations of $1 billion to $15 billion Stock Selection Top
More information2017 Kerns Capital Management, Inc. July 2017 Investor Presentation
July 2017 Investor Presentation Table of Contents 1. Executive Summary.............. 1.1 History.......... 1.2 Buy/Sell Discipline........ 2. Investment Strategy... 2.1 Assessment and Implementation 2.2
More informationAllianceBernstein Global High Income Fund Inc.
Historical Price Performance Worst 3 Months -7.90% Best 3 Months 10.38% 2014 2015 2016 2017 2018 Closed End Fund Strategy Information on Fund Strategy is not available Performance Returns Data as of 10/31/2018
More informationHOW DO YOU PLUS A PORTFOLIO STRATEGY WITHOUT CHANGING IT?
HOW DO YOU PLUS A PORTFOLIO STRATEGY WITHOUT CHANGING IT? INTRODUCING PORTFOLIO + ETFs. YOUR ASSET ALLOCATION STRATEGY. PLUS A LITTLE MORE. Portfolio + ETFs are a suite of exchange traded funds that add
More informationSchwab Indexed Retirement Trust Fund 2040
Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Target Date 2036-2040 Benchmark 2040 Custom Index 1 Unit Class Inception Date Fund Inception Date 1/5/2009 Net Asset Value
More informationAsset manager profiles
SECTION 1 Asset manager profiles John Hancock USA All financial obligations under the group annuity contract are the sole obligation of John Hancock Life Insurance Company (U.S.A.). John Hancock is a division
More informationWells Fargo Small Company Growth Fund
All information is as of 12-31-17 unless otherwise indicated. Overview General fund information Key drivers of performance Ticker: WSCGX Portfolio managers: Paul von Kuster, CFA; Daniel Hagen, CFA; James
More informationFranklin All Cap Value Fund Class A
PRODUCT PROFILE FOURTH QUARTER 2011 FUND CHARACTERISTICS (AS OF 12/31/11) NASDAQ Symbol FRAVX Inception Date 6/1/07 Dividends Investment Style Lipper Classification Morningstar Category Total Net Assets
More informationA Case for Natural Resources Investing
ACTIVE INVESTMENT SOLUTIONS. Sector Case Study: A Case for Natural Resources Investing Rob Young, CFA, ICON Natural Resources (ICBMX) Portfolio Manager Key Takeaways: According to ICON s valuations and
More informationOppenheimer Senior Floating Rate Fund
Ticker Symbols: OOSAX (Class A shares), OOSYX (Class Y shares), OOSIX (Class I shares) Performance Summary Portfolio Managers Joseph Welsh, CFA Since 9/99 David Lukkes, CFA Since 10/15 Client Portfolio
More information