Founded in 1978, Invesco Ltd. had $1.525 trillion preliminary assets under management as of Jun 30, 2021. With nearly 750 investment professionals and more than 8,000 employees, the company offers a wide range of financial services throughout its offices in 25 countries.
This renowned global investment management company offers financial solutions through a diverse set of investment vehicles across major equity, fixed income and alternative asset classes. Mutual funds managed by the company include both equity and fixed income funds, and domestic and international funds.
Below we share with you three top-ranked Invesco mutual funds. Each has 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 past performance.
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 27.8% in the past three years.
OPGSX has an expense ratio of 0.76% compared with the category average of 1.18%.
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, and securities issued or guaranteed by the U.S. government.
ACCBX has three-year annualized returns of 7.9%. As of the end of March 2021, ACCBX held 866 issues, with 1.29% of its total assets invested in Corning Incorporated 5.45%.
Invesco Core Plus Bond Fund Class A ACPSX aims for total return that encompasses current income and capital appreciation. The fund invests the majority of its net assets in fixed income securities, and in derivatives and other instruments. However, investment grade fixed-income securities generally represented by the Bloomberg Barclays U.S. Aggregate Bond Index are given primary focus. ACPSX has returned 6.2% over the past three years.
Charles E. Burge is one of the fund managers of ACPSX since 2009.
To view the Zacks Rank and past performance of all Invesco mutual funds, investors can click here to see the complete list of Invesco funds.
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