I recommend the Invesco Diversified Dividend Fund (LCEYX) for mid-term investment with a target price of $22. The Fund seeks growth of capital with a secondary objective of current income. It invests in securities of dividend paying companies and may also invest not more than 25% of its assets in securities of non-US companies. The Fund’s top-10 holdings include General Mills (3.42%), AT&T (3.01%), Coca-Cola (2.95%), Campbell Soup (2.79%), Exelon (2.29%), Hartford Financial Services Group (2.25%), Heineken NV (2.16%), Kraft Heinz (1.98%), PPL (1.87%) and Suncor Energy (1.87%). The Funds offers dividend yield of 1.6% and its annual expense ratio of 0.57% is lower than the category average of 1.10%.Expectations for further easing from the Bank of England and the Bank of Japan as well as the European Central Bank calmed financial markets somewhat in the recent weeks. However, uncertainty on global markets, I expect, will prevail in the coming quarters and weigh on risky assets around the world. Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend. Broad worries about political risks are also on the rise everywhere and not restricted just to Brexit's repercussions and a failed coup in Turkey. The US is entering a period of heightened uncertainty too, leading up to November elections. Besides, significant uncertainty still exists over Fed’s rate hike timing.Against this uncertain backdrop, the addition of low-risk mutual funds to one’s portfolio may prove prudent investments. And Invesco Diversified Dividend Fund, with 3-year beta and Sharpe ratios of 0.74 and 1.27, respectively, in my opinion, could be a nice choice. The Fund demonstrated solid growth YTD but, I believe, still has upside potential.