4 Top Invesco Mutual Funds For Spectacular Returns

Founded in 1978, Invesco Ltd had preliminary assets under management of $954.8 billion as of Mar 31, 2019. With nearly 750 investment professionals and more than 6,000 employees, the company offers a wide range of financial services through offices in 20 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 four 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 Oppenheimer Rochester California Municipal Fund Class Y OCAYX aims for tax-free income. The fund invests the majority of its assets in securities, income from which is exempted from regular federal individual and the state income tax, according to the counsel to the issuer of each security. In addition, the fund invests most of its assets in California municipal securities and in derivatives and other instruments whose economic characteristics are similar to such securities. OCAYX has three-year annualized returns of 6%.

Mark R. DeMitry is the fund manager of OCAYX since 2006.

Invesco Oppenheimer Gold & Special Minerals Fund Class Y OGMYX mostly invests in companies that are engaged in mining, processing or dealing in gold and other minerals or metal etc. The non-diversified fund may invest all of its assets in the aforementioned securities and in derivatives and other instruments whose economic characteristics are similar to such securities. The fund aims for capital appreciation and has returned 1.4% over the last three years.

OGMYX has an expense ratio of 0.92% as compared with the category average of 1.37%.

Invesco International Growth Fund Class Y AIIYX primarily invests in equity securities and depositary receipts of foreign issuers. The fund aims for capital growth over the long term. The fund invests in a manner that investments are exposed to at least three countries outside the United States. The fund invests mostly in the securities of large-capitalization companies and may also invest a major amount of its net assets in the securities of mid-capitalization companies. AIIYX has returned 4.4% in the last three years.

As of March 2019, AIIYX held 80 issues, with 3.42% of its total assets invested in CGI Inc Class A.

Invesco Oppenheimer Discovery Fund Class A OPOCX aims for capital growth. The fund mostly invests in common stocks of American companies that, according to the portfolio managers, have favourable growth prospects. The fund focuses on small-capitalization companies, which are defined as those issuers that are at the time of purchase within the range of market capitalizations of the Russell 2000 Growth Index. OPOCX has returned 16.8% over the last three years.

OPOCX has an expense ratio of 1.08% as compared with the category average of 1.21%.

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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