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3 Invesco Mutual Funds to Invest in a Choppy Market
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Headquartered in Atlanta, GA Invesco is a trusted name in the investment industry. Founded in 1978, the company helped investors diversify by giving access to a wide selection from various asset classes, sectors and markets. Invesco asset management had around $1.54 trillion worth of assets under management as of Jun 30, 2023.
The company has more than 8,400 employees and offers financial services worldwide through offices located in 25 countries. This top global investment management company caters to a wide range of mutual funds, including equity and fixed-income funds, domestic and international funds.
Invesco also offers mutual funds that have specific investment strategies like sustainable investment, dividend, growth and emerging markets. These help customers make informed decisions based on individual goals.
We have selected three Invesco mutual funds that have offered excellent returns to its stakeholders amid uncertain economic conditions. With the majority of their investment in sectors like technology, industrial cyclical, finance, energy and utilities, these funds are expected to perform well in the future.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Invesco SteelPath MLP Income Fund (MLPDX - Free Report) invests most of its assets along with borrowings, if any, in master limited partnership of companies, which are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPDX advisors also invest in derivatives and other instruments with similar economic characteristics in the same industry.
Stuart Cartner has been the lead manager of MLPDX since Mar 30, 2010, and most of the fund’s exposure is in companies like Energy Transfer (14.2%), MPLX (13.7%) and Nustar Energy (8.5%) as of 5/31/2023.
MLPDX’sthree-year and five-year annualized returns are 33.3% and 7.6%, respectively. MLPDX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.38%, which is less than the category average of 1.56%.
To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.
Invesco Small Cap Value (VSMIX - Free Report) seeks long-term capital growth by investing most of its assets along with borrowings, if any, in common stocks of small-capitalization companies, which, according to the fund’s advisors, are undervalued. VSMIX advisors also invest in derivatives, or other instruments with the same economic characteristics.
Jonathan Edwards has been the lead manager of VSMIX since Jun 24, 2010. Most of the fund’s exposure is in companies like Western Alliance Bancorp (3.0%), Northern Oil & Gas (2.4%) and Teck Resources (2.5%) as of 4/30/2023.
VSMIX’s three-year and five-year annualized returns are 30.4% and 12.3%, respectively. VSMIX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.84%, which is less than the category average of 1.16%.
Invesco Comstock (ICSFX - Free Report) invests most of its assets, along with borrowings, if any, in common stocks, derivatives and other instruments, preferably of largemarket-capitalization companies. ICSFX advisors also invest in real estate investment trusts.
Kevin C. Holt has been the lead manager of ICSFX since Jul 31, 1999, and most of the fund’s exposure is in companies like Philip Morris International (2.8%), Chevron (2.6%) and Meta Platform (2.5%) as of 4/30/2023.
ICSFX’s three-year and five-year annualized returns are 18.9% and 8.5%, respectively. ICSFX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.44% compared to the category average of 0.94%.
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3 Invesco Mutual Funds to Invest in a Choppy Market
Headquartered in Atlanta, GA Invesco is a trusted name in the investment industry. Founded in 1978, the company helped investors diversify by giving access to a wide selection from various asset classes, sectors and markets. Invesco asset management had around $1.54 trillion worth of assets under management as of Jun 30, 2023.
The company has more than 8,400 employees and offers financial services worldwide through offices located in 25 countries. This top global investment management company caters to a wide range of mutual funds, including equity and fixed-income funds, domestic and international funds.
Invesco also offers mutual funds that have specific investment strategies like sustainable investment, dividend, growth and emerging markets. These help customers make informed decisions based on individual goals.
We have selected three Invesco mutual funds that have offered excellent returns to its stakeholders amid uncertain economic conditions. With the majority of their investment in sectors like technology, industrial cyclical, finance, energy and utilities, these funds are expected to perform well in the future.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Invesco SteelPath MLP Income Fund (MLPDX - Free Report) invests most of its assets along with borrowings, if any, in master limited partnership of companies, which are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPDX advisors also invest in derivatives and other instruments with similar economic characteristics in the same industry.
Stuart Cartner has been the lead manager of MLPDX since Mar 30, 2010, and most of the fund’s exposure is in companies like Energy Transfer (14.2%), MPLX (13.7%) and Nustar Energy (8.5%) as of 5/31/2023.
MLPDX’sthree-year and five-year annualized returns are 33.3% and 7.6%, respectively. MLPDX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.38%, which is less than the category average of 1.56%.
To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.
Invesco Small Cap Value (VSMIX - Free Report) seeks long-term capital growth by investing most of its assets along with borrowings, if any, in common stocks of small-capitalization companies, which, according to the fund’s advisors, are undervalued. VSMIX advisors also invest in derivatives, or other instruments with the same economic characteristics.
Jonathan Edwards has been the lead manager of VSMIX since Jun 24, 2010. Most of the fund’s exposure is in companies like Western Alliance Bancorp (3.0%), Northern Oil & Gas (2.4%) and Teck Resources (2.5%) as of 4/30/2023.
VSMIX’s three-year and five-year annualized returns are 30.4% and 12.3%, respectively. VSMIX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.84%, which is less than the category average of 1.16%.
Invesco Comstock (ICSFX - Free Report) invests most of its assets, along with borrowings, if any, in common stocks, derivatives and other instruments, preferably of largemarket-capitalization companies. ICSFX advisors also invest in real estate investment trusts.
Kevin C. Holt has been the lead manager of ICSFX since Jul 31, 1999, and most of the fund’s exposure is in companies like Philip Morris International (2.8%), Chevron (2.6%) and Meta Platform (2.5%) as of 4/30/2023.
ICSFX’s three-year and five-year annualized returns are 18.9% and 8.5%, respectively. ICSFX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.44% compared to the category average of 0.94%.
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 >>