Four Top-Rated Invesco Mutual Funds To Invest In

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 4 top-rated Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund 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 .

Invesco Diversified Dividend A (LCEAX - MF 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 12.3%.

As of September 2015, LCEAX held 86 issues, with 3.41% of its assets invested in General Mills Inc. (GIS)

Invesco European Small Company A (ESMAX) invests a lion’s share of its assets in securities including equity securities and depositary receipts of European companies with market capitalizations identical to those included in the Russell 2000 Index. ESMAX may also invest in other derivatives with similar investment characteristics. The Invesco European Small Company A fund has a three-year annualized return of 8.7%.

Jason Holzer is one of the fund managers of ESMAX since 2000.

Invesco CA Tax-Free Income A (CLFAX - MF report) 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 4.1%.

CLFAX has an expense ratio of 0.86% as compared with the category average of 0.90%.

Invesco Equity and Income Y (ACETX - MF report) invests a major portion of its assets in equity securities and in derivative instruments having economic characteristics similar to such securities. ACETX invests a minimum 65% of its assets in income-producing equity investments, while it may invest a maximum 25% of its assets in securities of foreign issuers or depository receipts. The Invesco Equity and Income Y fund has a three-year annualized return of 9.2%.

As of September 2015, ACETX held 444 issues, with 3.08% of its assets invested in Citigroup Inc. (C)

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