With more than $1.35 trillion worth of assets under management (as of Dec 31, 2020), Invesco Ltd. offers financial solutions through a diverse set of investment vehicles across major equity, fixed income and alternative asset classes.
This top-notch global investment management company caters to a wide range of mutual funds including equity and fixed-income funds, and domestic and international funds. The company has more than 8,000 employees and offers financial services worldwide through offices located in 25 countries.
Below we share with you three top-ranked Invesco mutual funds. Each earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds, their Zacks Rank and the past performance.
Invesco Corporate Bond Fund Class A ACCBX aims primarily for current income with preservation of capital, while capital appreciation is secondary. The fund invests the majority of its net assets in corporate bonds, and in derivatives and other instruments. The fund manager can also invest 65% to 100% of net assets in investment grade securities; securities issued or guaranteed by the U.S. government.
ACCBX has three-year annualized returns of 7.2%. As of the end of December 2020, ACCBX held 851 issues, with 1.41% of its assets invested in Corning Incorporated 5.45%.
Invesco Gold & Special Minerals Fund Class A OPGSX aims for capital appreciation. The fund managers invest in common stocks of companies involved in mining, processing or dealing in gold or other metals or minerals, gold bullion, other physical metals, and precious-metal-related ETFs. OPGSX has returned 20.1% in the past three years.
OPGSX has an expense ratio of 1.20% compared with the category average of 1.37%.
Invesco Discovery Fund Class A OPOCX aims for capital growth. The fund invests the majority of its assets in common stocks of American companies that its managers believe have good potential for growth. It mostly focuses on stocks of small-capitalization companies. OPOCX has three-year annualized returns of 25.5%.
Ronald J. Zibelli is one of the fund managers of OPOCX since 2006.
To view the Zacks Rank and past performance of all Invesco mutual funds, investors can click here to see the complete list of funds.
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