Invesco Diversified Dividend's longtime manager Meggan Walsh plans to retire on June 30, 2021, which lowers our conviction in the team and process. That drops the Morningstar Analyst rating of the fund's cheapest share classes to Neutral from Silver and Bronze, while the most expensive one stays at Neutral.
Will LCEAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LCEAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LCEAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of LCEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.