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SMMIX Invesco Summit P

  • Fund
  • SMMIX
  • Price as of: Dec 08, 2016
  • $17.07
  • + $0.05
  • + 0.29%
  • Category
  • Large Cap Growth Equities

SMMIX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 13.2%
  • Net Assets $1.77 B
  • Holdings in Top 10 35.7%

52 WEEK LOW AND HIGH

$17.07
$13.79
$17.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2002-10-30

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco Summit Fund
  • Fund Family Name Invesco
  • Inception Date Nov 01, 1982
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Ido Cohen

Fund Description

The Invesco Summit Fund Class P (SMMIX) is an actively managed fund that seeks to aggressively grow investor capital. The fund is a classic GARP fund and uses fundamental analysis to find stocks that show high revenue, earnings and cash flow growth that have not been reflected in the stock price or valuations. SMMIX can invest in small-, mid- and large-cap stocks domiciled in the U.S.

SMMIX’s expenses are low, and its focus on growth across all market capitalizations makes it a great subcore choice in a diversified, broad portfolio. The fund is internally managed by Invesco Advisors.

SMMIX - Performance

Return Ranking - Trailing

Period SMMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -97.0% 126.7% 44.46% 3
1 Yr 0.5% -52.0% 75.7% 56.54% 3
3 Yr 7.2% * -15.1% 30.2% 41.63% 3
5 Yr 13.2% * 3.8% 18.5% 35.31% 2
10 Yr 6.2% * -0.3% 11.9% 67.10% 4

* Annualized


Return Ranking - Calendar

Period SMMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -52.0% 11.4% 26.68% 2
2014 -5.2% -40.3% 19.3% 76.91% 5
2013 34.8% -11.8% 56.4% 12.82% 1
2012 15.1% -21.6% 29.1% 36.77% 2
2011 -4.7% -36.6% 14.5% 59.89% 4

Total Return Ranking - Trailing

Period SMMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -97.0% 131.7% 46.34% 3
1 Yr 0.5% -71.3% 2606.2% 48.38% 3
3 Yr 7.2% * -21.9% 43.7% 36.73% 2
5 Yr 13.2% * 2.6% 19.7% 31.97% 2
10 Yr 6.2% * -0.9% 11.9% 64.85% 4

* Annualized


Total Return Ranking - Calendar

Period SMMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -38.0% 19.0% 75.03% 4
2014 10.2% -17.3% 28.8% 67.51% 4
2013 48.3% -2.9% 382.6% 47.14% 3
2012 20.7% -13.0% 615.0% 62.47% 4
2011 -6.0% -100.0% 67.8% 63.13% 4

NAV & Total Return History

SMMIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

SMMIX Category Low Category High SMMIX % Rank Quintile
Net Assets 1.77 B 373 K 146 B 9.25% 2
Number of Holdings 98 1 2199 7.39% 2
Net Assets in Top 10 650 M 0 36 B 8.87% 2
Weighting of Top 10 35.7% 0.0% 150.9% 14.59% 3

Top 10 Holdings

  1. Apple Inc 3.77%
  2. Facebook Inc A 5.29%
  3. Alphabet Inc C 6.01%
  4. Celgene Corp 2.57%
  5. Visa Inc Class A 4.03%
  6. Amazon.com Inc 5.52%
  7. Lowe's Companies Inc 2.23%
  8. Activision Blizzard Inc 2.12%
  9. Broadcom Ltd 2.16%
  10. Allergan PLC 1.83%

Asset Allocation

Weighting Category Low Category High SMMIX % Rank Quintile
Stocks
99.02% 0.00% 110.73% 5.40% 2
Cash
0.98% -10.73% 100.00% 16.77% 3
Other
0.01% -1.57% 24.55% 7.33% 2
Convertible Bonds
0.00% 0.00% 3.55% 0.71% 1
Preferred Stocks
0.00% 0.00% 5.54% 2.44% 2
Bonds
0.00% -0.14% 76.74% 3.53% 2

Stock Sector Breakdown

Weighting Category Low Category High SMMIX % Rank Quintile
Technology
32.44% -1.29% 53.71% 5.53% 1
Consumer Cyclical
17.75% -2.22% 49.24% 11.05% 2
Healthcare
16.01% -1.03% 91.28% 12.34% 3
Consumer Defense
8.14% -1.43% 27.63% 12.40% 3
Financial Services
7.91% -2.38% 33.61% 18.44% 3
Communication Services
7.21% 0.00% 12.93% 1.54% 1
Industrials
6.00% -0.37% 25.68% 22.81% 5
Energy
2.09% -1.24% 16.88% 14.20% 3
Basic Materials
1.48% -1.18% 12.25% 15.42% 4
Real Estate
0.00% -0.04% 11.06% 14.33% 4
Utilities
0.00% -0.64% 11.30% 8.03% 3

Stock Geographic Breakdown

Weighting Category Low Category High SMMIX % Rank Quintile
US
90.62% 0.00% 110.73% 17.61% 4
Non US
8.40% 0.00% 89.90% 6.43% 1

SMMIX - Expenses

Operational Fees

SMMIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.89% 0.00% 24.91% 13.38% 2
Management Fee 0.64% 0.00% 1.50% 2.70% 3
12b-1 Fee 0.10% 0.00% 1.00% 1.83% 1
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

SMMIX Fees (% of AUM) Category Low Category High SMMIX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

SMMIX Fees (% of AUM) Category Low Category High SMMIX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMMIX Fees (% of AUM) Category Low Category High SMMIX Rank Quintile
Turnover 49.00% 0.00% 601.00% 8.62% 3

SMMIX - Distributions

Dividend Yield Analysis

SMMIX Category Low Category High SMMIX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.85% 76.44% 5

Dividend Distribution Analysis

SMMIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SMMIX Category Low Category High SMMIX % Rank Quintile
Net Income Ratio -0.01% -7.69% 3.70% 10.61% 3

Capital Gain Distribution Analysis

SMMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SMMIX - Managers

Ido Cohen

Manager

Start Date

Jul 22, 2013

Tenure

3.36

Tenure Rank

9.3%

Ido Cohen is a portfolio manger for Invesco large-cap growth equity strategies and is lead manager for Invesco leisure products. He joined the company in 2010. Prior to joining Invesco, he was a vice president at J&W Seligman Investments from 2007 to 2010, where he worked as a senior analyst focusing on information technology, media and telecommunications equities. Mr. Cohen began his investment career in 1997 as a high yield research analyst with Banker’s Trust focusing on the telecommunications industry. In 1999 he joined Credit Suisse’s U.S. equities telecommunications research team; he went on to become a senior analyst and co-head of the team in 2004. In 2006, Mr. Cohen joined a technology, media and telecommunications focused investment team at Diamondback Capital, and then in 2007 he joined J&W Seligman’s growth team. Mr. Cohen is a cum laude graduate of The Wharton School of the University of Pennsylvania with a Bachelor of Science degree in economics.


Erik J. Voss

Lead Manager

Start Date

Jun 04, 2012

Tenure

4.49

Tenure Rank

8.2%

Erik Voss is a portfolio manager for Invesco large-cap growth strategies. He joined the company in 2010. Prior to joining Invesco, Mr. Voss was a portfolio manager with J&W Seligman Investments focusing on growth equity portfolios. As leader of the Seligman Growth team, he managed eight sector analysts and implemented a process he has developed over his career. Previously, Mr. Voss worked on teams at both Conseco Capital and Wells Capital Management, where at the latter he managed two large-cap growth portfolios. Before Wells Capital, he was an analyst for Gardner Lewis Asset Management, where he researched and invested in stocks of all market capitalizations and across multiple industries. Mr. Voss earned a Bachelor of Science degree in mathematics and a Master of Science degree in finance, both from the University of Wisconsin, where he was also a member of the Applied Securities Program. He is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

49.0

Category Average

7.2

Category Mode

1.9