INVESCO Technology Fund
Fund
ITHCX
Price as of:
$44.33
+ $1.09
+ 2.52%
Primary Theme
fund company
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
32.9%
1 yr return
48.7%
3 Yr Avg Return
2.2%
5 Yr Avg Return
14.6%
Net Assets
$1.65 B
Holdings in Top 10
41.5%
52 WEEK LOW AND HIGH
$43.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.82%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 59.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ITHCX - Profile
Distributions
- YTD Total Return 32.9%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 14.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.45%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO Technology Fund
-
Fund Family NameINVESCOFDS
-
Inception DateFeb 14, 2000
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerErik Voss
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of issuers engaged in technology-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities.The Fund invests primarily in equity securities. The principal type of equity security in which the Fund invests is common stock.
The Fund will concentrate its investments in the securities of issuers engaged primarily in technology-related industries. The Fund considers an issuer to be doing business in technology-related industries if it meets at least one of the following tests: (1) at least 50% of its gross income or its net sales come from activities in technology-related industries; (2) at least 50% of its total assets are devoted to producing revenues in technology-related industries; or (3) based on other available information, the Fund’s portfolio manager determines that its primary business is within technology-related industries. Such other available information may include industry classifications from any one or more third-party providers, such as those using the Global Industry Classification Standard (GICS®), the North American Industry Classification System (NAICS) or the Bloomberg Industry Classification System (BICS).
Issuers in technology-related industries include, but are not limited to, those involved in the design, manufacture, distribution, licensing, or provision of various applied technologies, hardware, software, semiconductors, telecommunications equipment and telecommunications/media distribution services, medical technology, biotechnology, as well as service-related companies in the information technology industry.
The Fund invests primarily in securities that are considered by the Fund’s portfolio manager to have potential for earnings or revenue growth. While the portfolio manager may invest in securities of issuers of any market capitalization, the portfolio manager tends to favor the securities of mid- and large-capitalization issuers.
The Fund may invest up to 50% of its net assets in securities of foreign issuers, which may include securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund may invest in depositary receipts or local shares to gain exposure to foreign companies.
The Fund can invest in derivative instruments, including options and futures contracts.
The Fund can use options, including call options, for hedging and investment purposes.
The Fund can use futures contracts, including index futures, to gain exposure to the broad market by equitizing cash and as a hedge against downside risk.
The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
In selecting investments for the Fund, the portfolio manager looks for companies using a “bottom-up” stock selection process. The “bottom-up” approach focuses on fundamental analysis of individual issuers before considering the impact of overall economic, market or industry trends. This approach includes analysis of a company’s financial statements and management structure and consideration of the company’s operations, product development, and its industry position. The portfolio manager currently focuses on companies that the portfolio manager believes are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. The portfolio manager monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security, but does not require a decision to do so. The factors considered by the portfolio manager may vary in particular cases and may change over time.
ITHCX - Performance
Return Ranking - Trailing
| Period | ITHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 32.9% | -24.1% | 43.5% | 30.45% |
| 1 Yr | 48.7% | -11.4% | 66.6% | 31.36% |
| 3 Yr | 2.2%* | -35.8% | 19.7% | 67.59% |
| 5 Yr | 14.6%* | -10.8% | 31.9% | 74.00% |
| 10 Yr | 12.3%* | 1.1% | 27.0% | 89.47% |
* Annualized
Return Ranking - Calendar
| Period | ITHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 44.4% | -5.6% | 96.9% | 52.51% |
| 2022 | -41.9% | -73.9% | -16.4% | 60.65% |
| 2021 | -20.9% | -44.6% | 51.5% | 93.49% |
| 2020 | 32.0% | 5.5% | 154.1% | 79.60% |
| 2019 | 19.1% | -3.0% | 63.7% | 89.01% |
Total Return Ranking - Trailing
| Period | ITHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 32.9% | -24.1% | 43.5% | 30.45% |
| 1 Yr | 48.7% | -11.4% | 66.6% | 31.36% |
| 3 Yr | 2.2%* | -35.8% | 19.7% | 67.59% |
| 5 Yr | 14.6%* | -10.8% | 31.9% | 74.00% |
| 10 Yr | 12.3%* | 1.1% | 27.0% | 89.47% |
* Annualized
Total Return Ranking - Calendar
| Period | ITHCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 46.1% | -2.3% | 96.9% | 59.82% |
| 2022 | -40.5% | -67.5% | -5.9% | 76.85% |
| 2021 | 13.3% | -17.8% | 59.2% | 65.12% |
| 2020 | 44.8% | 17.5% | 157.5% | 75.12% |
| 2019 | 32.7% | 7.5% | 66.9% | 82.20% |
NAV & Total Return History
ITHCX - Holdings
Concentration Analysis
| ITHCX | Category Low | Category High | ITHCX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.65 B | 4.67 M | 81.2 B | 41.18% |
| Number of Holdings | 67 | 10 | 321 | 46.15% |
| Net Assets in Top 10 | 676 M | 1.67 M | 56.8 B | 47.96% |
| Weighting of Top 10 | 41.46% | 13.2% | 100.0% | 73.76% |
Top 10 Holdings
- NVIDIA Corp. 8.46%
- Apple Inc. 6.99%
- Microsoft Corp. 5.71%
- Broadcom Inc. 4.47%
- Amazon.com, Inc. 3.14%
- Alphabet Inc., Class A 2.74%
- Lam Research Corp. 2.63%
- ServiceNow, Inc. 2.56%
- Meta Platforms, Inc., Class A 2.52%
- Arista Networks, Inc. 2.24%
Asset Allocation
| Weighting | Return Low | Return High | ITHCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.70% | 0.00% | 100.77% | 59.28% |
| Cash | 3.60% | 0.00% | 26.97% | 19.46% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 80.09% |
| Other | 0.00% | -0.04% | 26.87% | 72.85% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 72.85% |
| Bonds | 0.00% | 0.00% | 87.98% | 71.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ITHCX % Rank | |
|---|---|---|---|---|
| Technology | 66.10% | 2.80% | 100.00% | 64.71% |
| Consumer Cyclical | 8.59% | 0.00% | 32.97% | 29.41% |
| Communication Services | 8.46% | 0.00% | 97.05% | 62.44% |
| Financial Services | 8.17% | 0.00% | 38.36% | 17.19% |
| Healthcare | 7.93% | 0.00% | 25.57% | 10.41% |
| Basic Materials | 0.74% | 0.00% | 2.38% | 4.52% |
| Utilities | 0.00% | 0.00% | 5.17% | 69.68% |
| Real Estate | 0.00% | 0.00% | 15.05% | 78.73% |
| Industrials | 0.00% | 0.00% | 38.68% | 92.76% |
| Energy | 0.00% | 0.00% | 1.24% | 70.14% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 72.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ITHCX % Rank | |
|---|---|---|---|---|
| US | 98.70% | 0.00% | 100.77% | 37.56% |
| Non US | 0.00% | 0.00% | 63.81% | 87.33% |
ITHCX - Expenses
Operational Fees
| ITHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 0.08% | 5.04% | 15.45% |
| Management Fee | 0.62% | 0.03% | 1.95% | 27.15% |
| 12b-1 Fee | 0.99% | 0.00% | 1.00% | 83.61% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| ITHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 75.00% |
Trading Fees
| ITHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| ITHCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 59.00% | 0.69% | 281.00% | 74.43% |
ITHCX - Distributions
Dividend Yield Analysis
| ITHCX | Category Low | Category High | ITHCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 9.95% |
Dividend Distribution Analysis
| ITHCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ITHCX | Category Low | Category High | ITHCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.45% | -2.30% | 2.08% | 89.40% |
Capital Gain Distribution Analysis
| ITHCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.411 | CapitalGainShortTerm |
| Dec 15, 2023 | $0.001 | CapitalGainLongTerm |
| Dec 16, 2022 | $0.566 | CapitalGainLongTerm |
| Dec 16, 2021 | $16.591 | OrdinaryDividend |
| Dec 15, 2020 | $4.769 | OrdinaryDividend |
| Dec 13, 2019 | $4.752 | CapitalGainLongTerm |
| Dec 14, 2018 | $3.621 | CapitalGainLongTerm |
| Dec 13, 2017 | $0.165 | CapitalGainShortTerm |
| Dec 13, 2017 | $1.655 | CapitalGainLongTerm |
| Dec 13, 2016 | $2.373 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.095 | CapitalGainShortTerm |
| Dec 12, 2014 | $5.182 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.167 | CapitalGainShortTerm |
| Dec 13, 2013 | $3.184 | CapitalGainLongTerm |
| Dec 07, 2012 | $1.063 | CapitalGainLongTerm |
ITHCX - Fund Manager Analysis
Managers
Erik Voss
Start Date
Tenure
Tenure Rank
Feb 28, 2014
8.26
8.3%
Erik Voss is a portfolio manager and has been associated with Invesco and/or its affiliates since 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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |