There are plenty of choices in the Global - Equity category, but where should you start your research? Well, one fund that may not be worth investigating is Invesco Global Opportunities A (OPGIX Quick QuoteOPGIX - Free Report) . OPGIX holds a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance.

Objective

We note that OPGIX is a Global - Equity option, an investment area loaded with different options. While Global - Equity mutual funds invest their assets in large markets-think the U.S., Europe, and Japan-they aren't limited by geography. Their investment technique is one that leverages the global economy in order to offer stable returns.

History of Fund/Manager

Invesco is based in Kansas City, MO, and is the manager of OPGIX. Since Invesco Global Opportunities A made its debut in October of 1990, OPGIX has garnered more than $1.28 billion in assets. The fund is currently managed by Maire Lane who has been in charge of the fund since September of 2020.

Performance

Of course, investors look for strong performance in funds. OPGIX has a 5-year annualized total return of -7.43%, and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 5.16%, which places it in the bottom third during this time-frame.

It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, OPGIX's standard deviation comes in at 19.93%, compared to the category average of 12.3%. The standard deviation of the fund over the past 5 years is 22.43% compared to the category average of 13.91%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 1.24, which means it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a negative alpha of -20.4, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

Expenses

As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, OPGIX is a load fund and it has an expense ratio of 1.16%.

Investors need to be aware that with this product, the minimum initial investment is $1,000; each subsequent investment needs to be at least $50.

Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.

Bottom Line

With a 'strong sell' rank, Invesco Global Opportunities A is in the bottom 20% of all mutual funds we cover. This means that our models suggest it is one of the worst options for investors in Global - Equity right now, though this could change if the performance of the fund and the Zacks Ranks of the equities in OPGIX turnaround in the next data release.

For additional information on this product, or to compare it to other mutual funds in the Global - Equity, make sure to go to www.zacks.com/funds/mutual-funds for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.