We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Top Invesco Mutual Funds Worth Buying Now for Solid Gains
Read MoreHide Full Article
Invesco Ltd. is a prominent American independent investment management company with its headquarters located in Atlanta, GA. With a global presence, it boasts branch offices in 20 countries, making it a truly international player in the financial services industry. As of its latest reporting, Invesco manages an impressive $1,538.2 billion in assets under management (AUM).
With a global presence and a proven track record, Invesco offers a wide range of mutual funds, catering to various risk appetites and investment objectives. The company's dedication to transparency, client-centric approach, and consistent performance over the years make it a compelling choice for investment.
Thus, from an investment standpoint, we have selected three Invesco mutual funds, which are expected to hedge your portfolio against any economic downturn and provide attractive returns. Mutual funds, in general, reduce transaction costs and diversify the portfolio without commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
These mutual funds, by the way, boast a Zacks Mutual Fund Rank #1 (Strong Buy)or 2 (Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and a low expense ratio.
Invesco SteelPath MLP Income Fund (MLPDX - Free Report) invests the majority of its net assets in master limited partnerships. MLPDX chooses issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources.
Stuart Cartner has been the lead manager of MLPDX since Mar 30, 2010. Most of the fund’s holdings were in companies like MPLX LP (14%), Energy Transfer LP (13.9%) and Antero Midstream Corp (8.2%) as of Feb 28, 2023.
MLPDX’s 3-year and 5-year annualized returns are 34.4% and 8%, respectively. Its net expense ratio is 1.38% compared to the category average of 1.56%. MLPDX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
Invesco Main Street Small Cap Fund (OSCYX - Free Report) invests most of its assets in small-cap companies. OSCYX advisors choose small-cap companies as those whose market capitalization falls within the range of market capitalization of the largest and smallest companies listed on the Russell 2000 Index.
Matthew P. Ziehl has been the lead manager of OSCYX since May 16, 2013. Most of the fund’s holdings were in companies like AutoNation, Inc (2.2%), Atkore Inc (1.8%) and Curtiss-Wright Corp (1.8%) as of Mar 31, 2023.
OSCYX’s 3-year and 5-year annualized returns are 14.7% and 7%, respectively. Its net expense ratio is 0.86% compared to the category average of 1.03%. OSCYX has a Zacks Mutual Fund Rank #1.
Invesco Growth and Income Fund (ACGIX - Free Report) seeks income and long-term growth of capital by investing in income-producing equity securities, including common stocks and convertible securities. ACGIX advisors also invest in debt securities of various maturities.
Sergio Marcheli has been the lead manager of ACGIX since Feb 28, 2003. Most of the fund’s holdings were in companies like Wells Fargo & Company (4%), ConocoPhillips (3.2%), and Bank of America Corp (2.8%) as of Feb 28, 2023.
ACGIX’s 3-year and 5-year annualized returns are 17.4% and 7.3%, respectively. Its net expense ratio is 0.79% compared to the category average of 0.94%. ACGIX has a Zacks Mutual Fund Rank #1.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Top Invesco Mutual Funds Worth Buying Now for Solid Gains
Invesco Ltd. is a prominent American independent investment management company with its headquarters located in Atlanta, GA. With a global presence, it boasts branch offices in 20 countries, making it a truly international player in the financial services industry. As of its latest reporting, Invesco manages an impressive $1,538.2 billion in assets under management (AUM).
With a global presence and a proven track record, Invesco offers a wide range of mutual funds, catering to various risk appetites and investment objectives. The company's dedication to transparency, client-centric approach, and consistent performance over the years make it a compelling choice for investment.
Thus, from an investment standpoint, we have selected three Invesco mutual funds, which are expected to hedge your portfolio against any economic downturn and provide attractive returns. Mutual funds, in general, reduce transaction costs and diversify the portfolio without commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
These mutual funds, by the way, boast a Zacks Mutual Fund Rank #1 (Strong Buy)or 2 (Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and a low expense ratio.
Invesco SteelPath MLP Income Fund (MLPDX - Free Report) invests the majority of its net assets in master limited partnerships. MLPDX chooses issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources.
Stuart Cartner has been the lead manager of MLPDX since Mar 30, 2010. Most of the fund’s holdings were in companies like MPLX LP (14%), Energy Transfer LP (13.9%) and Antero Midstream Corp (8.2%) as of Feb 28, 2023.
MLPDX’s 3-year and 5-year annualized returns are 34.4% and 8%, respectively. Its net expense ratio is 1.38% compared to the category average of 1.56%. MLPDX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
Invesco Main Street Small Cap Fund (OSCYX - Free Report) invests most of its assets in small-cap companies. OSCYX advisors choose small-cap companies as those whose market capitalization falls within the range of market capitalization of the largest and smallest companies listed on the Russell 2000 Index.
Matthew P. Ziehl has been the lead manager of OSCYX since May 16, 2013. Most of the fund’s holdings were in companies like AutoNation, Inc (2.2%), Atkore Inc (1.8%) and Curtiss-Wright Corp (1.8%) as of Mar 31, 2023.
OSCYX’s 3-year and 5-year annualized returns are 14.7% and 7%, respectively. Its net expense ratio is 0.86% compared to the category average of 1.03%. OSCYX has a Zacks Mutual Fund Rank #1.
Invesco Growth and Income Fund (ACGIX - Free Report) seeks income and long-term growth of capital by investing in income-producing equity securities, including common stocks and convertible securities. ACGIX advisors also invest in debt securities of various maturities.
Sergio Marcheli has been the lead manager of ACGIX since Feb 28, 2003. Most of the fund’s holdings were in companies like Wells Fargo & Company (4%), ConocoPhillips (3.2%), and Bank of America Corp (2.8%) as of Feb 28, 2023.
ACGIX’s 3-year and 5-year annualized returns are 17.4% and 7.3%, respectively. Its net expense ratio is 0.79% compared to the category average of 0.94%. ACGIX has a Zacks Mutual Fund Rank #1.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>