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3 Invesco Mutual Funds for Solid Returns

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With around $1,662.7 billion worth of assets under management as of Apr 9, 2024, Invesco Ltd. offers financial solutions through a diverse set of investment vehicles across major equity, fixed-income and alternative asset classes.

This top-notch global investment management company caters to a wide range of mutual funds, including equity and fixed-income funds, and domestic and international funds. The company has more than 8,400 employees and offers financial services worldwide through offices located in 20 countries.

Below, we share with you three top-ranked Invesco mutual funds, viz., Invesco SteelPath MLP Select 40 Fund (MLPFX - Free Report) , Invesco Small Cap Value (VSMIX - Free Report) and Invesco Growth and Income Fund (ACGIX - Free Report) . Each has 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 Invesco mutual funds.

Invesco SteelPath MLP Select 40 Fund seeks total return by investing the majority of its net assets in Master Limited Partnerships. MLPFX chooses issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources.

Invesco SteelPath MLP Select 40 Fund has three-year annualized returns of 25.3%. As of November 2023, MLPFX held 40 issues, with 8% of its assets invested in Energy Transfer LP.

Invesco Small Cap Value fund seeks long-term capital appreciation by investing the majority of its net assets in securities of small-cap companies. VSMIX invests primarily in common stocks of companies that it believes are undervalued.

Invesco Small Cap Value Fund has three-year annualized returns of 17.1%. VSMIX has an expense ratio of 0.86%.

Invesco Growth and Income Fund 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.

Invesco Growth and Income Fund has three-year annualized returns of 9.8%. Sergio Marcheli has been one of the fund managers of ACGIX since 2003.

To view the Zacks Rank and the past performance of all Invesco mutual funds, investors can click here to see the complete list of Invesco mutual funds.

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