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The following is our latest Fund Analyst Report for Vanguard Dividend Appreciation Index (VDADX)
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Vanguard Dividend Appreciation Index focuses on quality franchises that have reliably increased the amount of cash they give back to shareholders over time. Its stringent selection criteria yield a portfolio that balances income, capital appreciation, and risk. Its low fee gives it a durable edge versus its large-blend Morningstar Category peers and a low hurdle to clear toward beating its category index. Under our enhanced rating methodology, which places greater emphasis on fees, both U.S. share classes of the fund earned a Morningstar Analyst Rating upgrade to Gold from Silver, while the Canadian share class
returned 9.05%, ranking 1
stout of 48 funds in Morningstar s category of U.S. Fund Preferred Stock, based on total return for the one-year period ending 12/31/2020. As of 12/31/20, annualized performance since inception (12/24/18) in
the Preferred-Plus Fund is 14.24%
. Innovative Portfolios Dividend Performers Fund returned 20.22% (Class I: IPDPX) and
ranked 6
th out of 138 funds in Morningstar s category of U.S. Fund Options-based. Since inception on 12/24/18, annualized performance in
the Dividend Performers Fund
is 27.35% for the period ending 12/31/20.
The Preferred-Plus Fund s primary investment objective is to provide current income by investing in U.S. Preferred Stocks. The Fund utilizes an option overlay strategy seeking to enhance overall distributions to shareholders.