In this article, we're going to discuss AIM Mutual Funds. As we've done in previous articles in this series, we're going to first provide some information on the overall family of funds from AIM Investments. Next, we're going to discuss their mutual fund fee structure. Finally, we'll finish up with a listing of the top three performing mutual funds available from AIM.
AIM Family of Funds
Founded in 1976, AIM Investments has built its reputation as one of America's leading investment companies. They've done this through their commitment to planning and disciplined growth. Headquartered in Houston, Texas, AIM also has offices in Dallas and San Francisco. With roughly 1,500 employees, AIM manages approximately $337 billion in assets. The family of funds at AIM consists primarily of retail mutual funds and variable annuity funds. On March 31, 2008, AIM Investments was renamed Invesco AIM as part of the parent firm Invesco's broader branding strategy. In 2010, the company name was again rebranded under the Invesco name.
Invesco's strategy includes a commitment to investment excellence, depth of investment capabilities, and organizational strength. They offer individuals a full line of investor choices including 529 plans, Traditional and Roth IRAs, as well as mutual funds. Private asset management services are available to wealthier investors. The account minimum for this offering is $100,000 for each investment portfolio.
Fee Structure and Returns
According to Morningstar, the Invesco mutual fund average expense ratio varies little by class of assets, including Average for its international stock funds (1.27%) and Average for its taxable bond funds (0.94%). As was the case with Janus Mutual Funds, most of the assets under management by Invesco are invested in domestic stock mutual funds (31.13%).
The minimum investment necessary to open an account at Invesco is just $1,000. Investors looking for short term returns need to be aware that only 48.72% of Invesco mutual funds, expressed as a percentage of assets under management, are no-load mutual funds. As of September 2019, the average return on a mutual fund over the last five years is 4.61%.
Top Rated Mutual Funds
One of the top rated Invesco mutual funds is currently closed to investors. We've included the name of that fund below; the other funds remain open to new investors. That being said, the top rated Invesco mutual funds over the past five years, as measured by total return include (September 2019):
Invesco Oppenheimer Intl Sml-Mid Com A (OSMAX)
Assets: $8.3 billion
Category: US Fund Foreign Small/Mid Growth
Specialty: None
Top Three Holdings: NICE Ltd ADR, Carl Zeiss Meditec AG, and OBIC Co Ltd
Load: 5.50% (front end)
Minimum Investment: $1,000
Expense Ratio: 1.32%
5-Year Average Return: 12.09%
Invesco Oppenheimer Rchst HYMncpl A (ORNAX)
Assets: $7.6 billion
Category: US Fund High Yield Muni
Specialty: None
Top Three Holdings: CHILDRENS TR FD P R TOB SETTLEMENT REV 5.62%, BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.88%, and MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 0%
Load: 4.25 (front end)
Minimum Investment: $1,000
Expense Ratio: 1.02%
5-Year Average Return: 7.95%
Invesco Multi-Asset Income Y (PIYFX)
Assets: $751.8 million
Category: Multisector Bond
Specialty: None
Top Three Holdings: Credit Suisse Ag London Brh 15.7%, Annaly Capital Management Inc
Load: None
Minimum Investment: $1,000
Expense Ratio: 0.61%
5-Year Average Return: 6.43%
Additional Resources
The next family of funds that we are going to discuss, as part of this ongoing series, is American Mutual Funds. In this article, we're going to first provide some background information on American Funds. Next, we'll briefly discuss American's fee structure and investment returns. Then we'll finish up with a list of the top-rated American mutual funds in 2019.
Moneyzine EditorNovember 6th, 2024
In this article, we're going to take a closer look at Federated Mutual Funds, also known as Federated Funds. The Federated family is known for producing top performing mutual funds, which are aimed at the institutional as well as the individual investor. Let's see if that holds true in this review.Moneyzine EditorJanuary 17th, 2024
Fidelity Mutual Funds is the next family of funds we're going to discuss in this series. We'll start that discussion with a brief history of Fidelity. Next, we'll talk about their fee structure. Finally, we'll identify some of their top performing mutual funds.Moneyzine EditorNovember 6th, 2024
Franklin Mutual funds bears the name and image of one of America's greatest citizens. In this article, we're going to provide a review of this company to see if it lives up to the legacy he's left behind. We're also going to take some liberties with the name of this mutual fund, since the company's formal name is Franklin Templeton Investments.Moneyzine EditorJanuary 18th, 2024
In this article, we'll be reviewing Hartford Mutual Funds, which is a very well-known name in the insurance industry too. The insurance and investment services industry is skilled at managing money, which means there is a good fit for these same companies to offer investors the opportunity to purchase mutual funds too.Moneyzine EditorJanuary 19th, 2024
