We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
4 Top Invesco Mutual Funds for Spectacular Returns
Read MoreHide Full Article
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.
Invesco Oppenheimer Rochester California Municipal Fund Class Y (OCAYX - Free Report) 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 - Free Report) 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 - Free Report) 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 - Free Report) 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%.
Image: Bigstock
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 - Free Report) 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 - Free Report) 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 - Free Report) 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 - Free Report) 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.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>