Product Facts
Ticker Symbol | IEDAX |
CUSIP | 92913K645 |
Inception Date | December 18, 2007 |
Dividends Paid | Quarterly |
Min. Initial Investment | $1,000.00 |
About this Product
- This strategy seeks to capture the benefits of both high-dividend yield and dividend growth by investing primarily in large-capitalization, dividend paying companies
- Actively managed portfolio aiming to achieve a dividend yield that exceeds the average dividend yield of the companies included in the Russell 1000® Value Index
- Managed in an equity income style, seeking to deliver a high dividend focused investment strategy with lower volatility than the broad market
- May invest in foreign securities, including emerging markets, but primarily invests in U.S. and Canadian companies
Investment Objective
The Fund seeks long-term growth of capital and current income.
Performance
Average Annual Total Returns %
As of September 30, 2024
As of September 30, 2024
Most Recent Month End | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Expense Ratios | |
---|---|---|---|---|---|---|---|
Gross | Net | ||||||
Net Asset Value | +17.13 | +29.30 | +11.08 | +12.64 | +9.39 | 1.16% | 1.10% |
With Sales Charge | +10.36 | +21.84 | +8.93 | +11.31 | +8.74 | ||
Net Asset Value | +17.13 | +29.30 | +11.08 | +12.64 | +9.39 | 1.16% | 1.10% |
With Sales Charge | +10.36 | +21.84 | +8.93 | +11.31 | +8.74 | ||
Russell 1000 Value Index | +16.68 | +27.76 | +9.03 | +10.69 | +9.23 | — | — |
Russell 1000 Value Index | +16.68 | +27.76 | +9.03 | +10.69 | +9.23 | — | — |
Inception Date - Class A:December 18, 2007
Current Maximum Sales Charge: 5.75%
The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.
Returns for the other share classes will vary due to different charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes.
Total investment return at net asset value has been calculated assuming a purchase at net asset value at the beginning of the period and a sale at net asset value at the end of the period; and assumes reinvestment of dividends, capital gain distributions and return of capital distributions/allocations, if any, in accordance with the provisions of the dividend reinvestment plan. Net asset value equals total Fund assets net of Fund expenses such as operating costs and management fees. Total investment return at net asset value is not annualized for periods less than one year.
The Russell 1000 Value Index includes approximately 1000 of the largest capitalization securities within the float-adjusted, market-capitalization-weighted Russell 3000 Index. The Russell 1000 Value Index includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values.
Past performance does not guarantee future results.
Yields
As of September 30, 2024
SEC 30-Day Yield (Unsubsidized) SEC 30-Day Yield (Unsubsidized): A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's gross expenses. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. | 0.93 |
SEC 30-Day Yield (Subsidized) SEC 30-Day Yield (Subsidized): A standardized yield calculation created by the SEC, it reflects the income earned during a 30-day period, after the deduction of the fund's net expenses (net of any expense waivers or reimbursements). | 0.98 |
Distribution Yield @ NAV Distribution Yield @ NAV: Current annualized distribution rate based upon NAV is the latest dividend shown as an annualized percentage of net asset value. | 1.13 |
Distribution Yield @ MOP Distribution Yield @ MOP: Current annualized distribution rate, based upon maximum offering price which is adjusted for sales changes (MOP), where applicable, is the latest dividend shown as an annualized percentage of maximum offering price. | 1.07 |
Returns-Based Characteristics
As of September 30, 2024
3 Year | 5 Year | 10 Year | |
---|---|---|---|
Alpha Alpha: A measure of risk-adjusted performance; alpha reflects the difference between a portfolio's actual return and the return that could be expected give its risk as measured by beta. | 2.02 | 1.69 | 0.24 |
Beta Beta: The sensitivity of a portfolio's returns to changes in the return of the market as measured by the index or benchmark that represents the market. A portfolio with a beta of 1.0 behaves exactly like the index. A beta less than 1.0 suggests lower risk than the index, while a beta greater than 1.0 indicates a risk level higher than the index. | 0.97 | 1.02 | 0.99 |
Information Ratio Information Ratio: The ratio of portfolio returns in excess of a market index to the variability of those excess returns; in effect, information ratio describes the value added by active management in relation to the risk taken to achieve those returns. | 0.74 | 0.68 | 0.06 |
R2 R2: The proportion of the variation in a portfolio's returns that can be explained by the variability of the returns of an index. High R-squared (close to 1.0) is usually consistent with broad diversification. | 0.97 | 0.98 | 0.97 |
Sharpe Ratio Sharpe Ratio: A risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. | 0.44 | 0.54 | 0.49 |
Standard Deviation Standard Deviation: A measure of the degree to which an individual probability value varies from the distribution mean. The higher the number, the greater the risk. | 16.39 | 18.95 | 15.52 |
Growth of a $10,000 Investment
For the period 10/31/2014 through 09/30/2024
Ending Value: $24,537.00
The performance quoted in the "Growth of a $10,000 Investment" chart represents past performance. Performance shown is without sales charges; had sales charges been deducted, performance would have been less. Ending value includes reinvestment of distributions.
Ratings
Investment Team
Disclosures
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. You could lose money on your investment and any of the following risks, among others, could affect investment performance. The following principal risks are presented in alphabetical order which does not imply order of importance or likelihood: Company; Convertible Securities; Credit; Currency; Dividend; Environmental, Social, and Governance (Equity); Foreign (Non-U.S.) Investments/ Developing and Emerging Markets; Interest Rate; Investment Model; Liquidity; Market; Market Capitalization; Market Disruption and Geopolitical; Mid-Capitalization Company; Other Investment Companies; Preferred Stocks; Real Estate Companies and Real Estate Investment Trusts; Securities Lending; Small-Capitalization Company; Value Investing. Investors should consult the Fund’s Prospectus and Statement of Additional Information for a more detailed discussion of the Fund’s risks.