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Mutual Fund Commentary

With more than $770 billion of assets under management, Invesco Ltd offers financial solutions through a diverse set of investment vehicles across major equity, fixed income and alternative asset classes. This leading global investment management company caters to a wide range of mutual funds including both equity and fixed income funds, and domestic and international funds. With nearly more than 6,500 investment professional and employees, the company offers financial services worldwide through offices in 20 countries.

Below we share with you four top-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. Investors can click here to see the complete list of Invesco funds, their Zacks Rank and past performance.

Invesco Corporate Bond Y (ACCHX - Free Report) seeks current income through preservation of capital. ACCHX invests a large share of its assets in bonds issued by corporate issuers. The fund is expected to invest a minimum of 65% of its assets in securities that are rated investment-grade. Invesco Corporate Bond Y has returned 10.2% over the year-to-date frame.

ACCHX has an expense ratio of 0.65% as compared to the category average of 0.77%.

Invesco Income Allocation A (ALAAX - Free Report) invests in both U.S. and non-U.S. companies, fixed income instruments and REITs. ALAAX seeks growth of income and capital. It allocates 60–70% of its assets in fixed-income instruments and 30–40% in equities. Invesco Income Allocation A fund has returned 7.4% over the year-to-date frame.

Duy Nguyen is the portfolio manager of ALAAX since 2014.

Invesco High Yield Municipal A (ACTHX - Free Report) seeks current income exempted from federal tax. ACTHX invests the majority of its assets in municipal securities. The fund invests a minimum 75% of its assets in higher yielding municipal securities, while it invests a maximum 25% of its assets in industrial development revenue bonds that are issued for companies in the same industry. Invesco High Yield Municipal A fund has returned 5.9% over the year-to-date frame.

ACTHX has an expense ratio of 0.86% as compared to the category average of 0.96%.

Invesco Growth and Income A (ACGIX - Free Report) generally invests in income-generating common stocks and convertible securities. ACGIX seeks return through appreciation of capital and income. The fund invests in equity securities of companies from different market-caps, with considerable focus on large-cap companies.  The fund also invests nearly one-fourth of its assets in foreign companies. Invesco Growth and Income A fund has returned 6.3% over the year-to-date frame.

As of September 2016, ACGIX held 86 issues, with 7.83% of its assets invested in Citigroup 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.

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