Fund Evaluator:
Invesco Diversified Dividend Investor (LCEIX)
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Best Performing in Large Value Over the Last Year
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Fund Details
Invesco Diversified Dividend Investor Overview
Invesco Diversified Dividend Investor (LCEIX) is an actively managed U.S. Equity Large Value fund. Invesco launched the fund in 2005.
The investment seeks long-term growth of capital and, secondarily, current income. The fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of companies which pay dividends, and in other instruments that have economic characteristics similar to such securities. The fund may invest up to 25% of its net assets in securities of foreign issuers.
About Invesco Diversified Dividend Investor (LCEIX)
There are 4 members of the management team with an average tenure of 6.49 years: Craig Leopold (2022), Peter Santoro (2021), Christopher McMeans (2016), Caroline Le Feuvre (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Invesco Diversified Dividend Investor has 80 securities in its portfolio. The top 10 holdings constitute 24.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Diversified Dividend Investor is part of the Equity global asset class and is within the U.S. Equity fund group. Invesco Diversified Dividend Investor has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2%. There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Diversified Dividend Investor has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is above the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LCEIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Diversified Dividend Investor expense ratio is above average compared to funds in the Large Value category. Invesco Diversified Dividend Investor has an expense ratio of 0.75%, which is 19% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Diversified Dividend Investor has a portfolio turnover rate of 56%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of June 2026, Invesco Diversified Dividend Investor returned 2.0%, which earned it a grade of C, as the Large Value category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco Diversified Dividend Investor has a trailing yield of 1.26%, which is above the 1.25% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Diversified Dividend Investor Grades
Year to date, the fund has returned 6.7%, 4.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.9% over the past year (grade of D), 13.8% over the past three years (grade of D) and 9.5% per year over the past five years (grade of D) and 8.9% per year over the past 10 years (grade of F).
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LCEIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LCEIX Return (NAV) | 2.0% | 6.5% | 15.9% | 13.8% | 9.5% | 8.9% |
| LCEIX Grade | C | D | D | D | D | F |
| +/- Category | 0.4% | -3.3% | -5.0% | -2.2% | -0.9% | -2.4% |
| Large Value Avg | 1.6% | 9.8% | 21.0% | 15.9% | 10.4% | 11.3% |
| LCEIX Tax Cost Ratio | na | na | 2.9% | 2.6% | 3.0% | 2.3% |
LCEIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LCEIX Return (NAV) | 6.7% | 15.6% | 13.3% | 8.9% | -1.6% | 19.0% | 0.2% | 25.2% | -7.7% | 8.2% | 14.3% |
| LCEIX Grade | F | C | C | D | A | F | D | C | C | F | C |
| +/- Category | -4.3% | 0.4% | -0.9% | -3.0% | 4.5% | -6.7% | -3.6% | -0.4% | 0.7% | -8.2% | -0.2% |
| Large Value Avg | 11.1% | 15.2% | 14.1% | 11.8% | -6.1% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.5% |
| Risk Measures | |
| Standard Deviation: | 11.2% |
| Total Risk Index: | 0.92 - Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (23% Rank) |
| Beta: | 0.68 |
| R-Squared: | 62% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.3% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $10477 Mil |
| Fund Total Assets: | $1,618 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 56% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 10.4 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): McMeans Christopher (2016), Le Feuvre Caroline (2020), Santoro Peter (2021), Leopold Craig (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 80 |
| % in Top 10 Holdings: | 24.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.8% |
Portfolio Allocation |
|
| Domestic Stock: | 95.2% |
| Foreign Stock: | 2.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com/us |
| Status: | Closed |
| Inception Date: | July 15, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.17% |
Expenses and Fees | |
| Expense Ratio (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Invesco Diversified Dividend A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
