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Description:

From Yahoo Finance:

“The investment seeks high level of current income with a secondary objective of growth of income and capital. The fund normally invests at least 80% of assets in dividend-paying common and preferred stocks. It may invest up to 25% of assets in foreign investments. The fund may invest in any economic sector and emphasize one or more particular sectors. The management conducts fundamental research on most attractive dividend paying securities.

The fund was featured in the February 5th issue of Barron’s, as one of the top funds for their third favorite mutual fund family of 2006, RiverSource Investments. Barron’s had this to say about the fund:
“Among its 2006 stars was RiverSource Dividend Opportunity (INUTX), which was helped by telecom holdings, including AT&T (T) and BT Group (BT). The $1.6 billion fund, which formerly focused on utilities, seeks a dividend yield that's 150% of the S&P 500's. "Dividends are becoming more important and in-demand broadly by investors," says Warren Spitz, a senior portfolio manager, adding that demand from the aging baby boomers should provide a nice tailwind for dividend stocks.
The fund, whose adjusted return last year was about 23.5%, finished in the top 10% of its Lipper group”


Current Returns:

1-Year: 9.86%
3-Year: 13.78%
5-Year: 14.79%


As of 9/30/07

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