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Founded in 1978, Invesco Ltd currently has $792.4 billion of assets under management. With nearly 750 investment professionals and more than 6,000 employees, the company offers a wide range of financial services worldwide 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.
Invesco CA Tax-Free Income A seeks high tax-free income. CLFAX invests heavily in investment grade California municipal securities that provide income free from federal and California state income taxes. CLFAX may also invest a maximum of 20% of its assets in securities that are rated below investment grade or “junk” bonds. The Invesco CA Tax-Free Income A fund has a three-year annualized return of 7.4%.
CLFAX has an expense ratio of 0.86% as compared to the category average of 0.88%.
Invesco Income Allocation A (ALAAX - Free Report) invests in both U.S. and non-U.S. companies, fixed income instruments and REITs. It allocates 60–70% of its assets in fixed-income instruments and 30–40% in equities. ALAAX seeks current income. The Invesco Income Allocation A fund has a three-year annualized return of 6.3%.
Duy Nguyen is one of the portfolio managers of ALAAX since 2014.
Invesco Diversified Dividend A (LCEAX - Free Report) seeks capital appreciation over the long run. LCEAX primarily focuses on acquiring equity securities of companies that are believed to provide dividend income. LCEAX invests in undervalued securities. LCEAX may invest not more than 25% of its asset in securities of companies located in foreign lands. The Invesco Diversified Dividend A fund has a three-year annualized return of 10.9%.
As of March 2016, LCEAX held 80 issues, with 3.42% of its assets invested in General Mills Inc.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
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3 Top-Rated Invesco Mutual Funds to Buy Now
Founded in 1978, Invesco Ltd currently has $792.4 billion of assets under management. With nearly 750 investment professionals and more than 6,000 employees, the company offers a wide range of financial services worldwide 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 three best-rated Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. 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, their Zacks Rank and past performance.
Invesco CA Tax-Free Income A seeks high tax-free income. CLFAX invests heavily in investment grade California municipal securities that provide income free from federal and California state income taxes. CLFAX may also invest a maximum of 20% of its assets in securities that are rated below investment grade or “junk” bonds. The Invesco CA Tax-Free Income A fund has a three-year annualized return of 7.4%.
CLFAX has an expense ratio of 0.86% as compared to the category average of 0.88%.
Invesco Income Allocation A (ALAAX - Free Report) invests in both U.S. and non-U.S. companies, fixed income instruments and REITs. It allocates 60–70% of its assets in fixed-income instruments and 30–40% in equities. ALAAX seeks current income. The Invesco Income Allocation A fund has a three-year annualized return of 6.3%.
Duy Nguyen is one of the portfolio managers of ALAAX since 2014.
Invesco Diversified Dividend A (LCEAX - Free Report) seeks capital appreciation over the long run. LCEAX primarily focuses on acquiring equity securities of companies that are believed to provide dividend income. LCEAX invests in undervalued securities. LCEAX may invest not more than 25% of its asset in securities of companies located in foreign lands. The Invesco Diversified Dividend A fund has a three-year annualized return of 10.9%.
As of March 2016, LCEAX held 80 issues, with 3.42% of its assets invested in General Mills Inc.
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.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.