If you have been looking for Mutual Fund Equity Report funds, a place to start could be Invesco Gold & Special Minerals A (OPGSX). OPGSX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Invesco is responsible for OPGSX, and the company is based out of Kansas City, MO. Invesco Gold & Special Minerals A made its debut in July of 1983, and since then, OPGSX has accumulated about $705.50 million in assets, per the most up-to-date date available. The fund is currently managed by Shanquan Li who has been in charge of the fund since July of 1997.
Of course, investors look for strong performance in funds. This fund carries a 5-year annualized total return of 3.12%, and it sits in the top 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 1.18%, which places it in the top third during this time-frame.
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. OPGSX’s standard deviation over the past three years is 37.56% compared to the category average of 19.43%. The standard deviation of the fund over the past 5 years is 31.85% compared to the category average of 17.07%. This makes the fund more volatile than its peers over the past half-decade.
With a 5-year beta of 0.88, the fund is likely to be less volatile than the market average. 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. OPGSX’s 5-year performance has produced a negative alpha of -1.5, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, OPGSX is a load fund. It has an expense ratio of 1.05% compared to the category average of 1.33%. OPGSX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $1,000 and that each subsequent investment needs to be at $50.
Overall, Invesco Gold & Special Minerals A ( OPGSX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and lower fees, Invesco Gold & Special Minerals A ( OPGSX ) looks like a good potential choice for investors right now.
Don’t stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare OPGSX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.