Innovator Matrix Income® Fund

Class Inst (IMIIX)

U.S. News evaluated 247 Moderate Allocation Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.76 percent over the past year.

Trailing Returns Updated 03.31.2014
Year to date 4.3%
1 Year 5.8%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income and, as a secondary objective, long-term capital appreciation. The fund normally invests in a portfolio of U.S.-listed, exchange-traded stocks and bonds, as well as other mutual funds and business development companies ("BDCs"), that the portfolio manager believes offers high current income. It invests primarily in U.S. equity securities but may, to a lesser extent, invest in equity securities of foreign entities. The fund may invest in entities of any size. To the extent that the fund invests in bonds it may invest in bonds of any maturity or credit quality. It is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Innovator Matrix Income® Fund has an expense ratio of 1.10 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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See Also:

Top Innovator Funds Funds