Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Invesco Disciplined Equity ( AWEIX) lives up to its name, as its long-term performance and relatively low expenses helped it earned an S&P Capital IQ's Mutual Fund Excellence Award this year.

S&P says that in the 12 months to Nov. 29, the $228 million fund's total return was 5.4%, outpacing the peer average's gain of 0.2%, while its three-year annualized return of 13.9% and its five-year annual return of 1.2% were each more than 200 basis points ahead of its large-cap core peers.

The fund also has a lower downside than other funds, with steadily strong, risk-adjusted returns.

The fund's top picks include iPad and iPhone maker Apple ( AAPL), business hardware and software maker Oracle ( ORCL), snack and soda giant Pepsi ( PEP), and discount store chain Target ( TGT).

If you liked this article you might like

S&P's Top Stock Funds for Volatile Markets