SMMIX: Invesco Summit P

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SMMIX Invesco Summit P

  • Fund
  • SMMIX
  • Price as of: Dec 04, 2019
  • $22.94
    + $0.07 + 0.31%

Profile

SMMIX - Profile

Vitals

  • YTD Return 32.4%
  • 3 Yr Annualized Return 11.0%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $2.42 B
  • Holdings in Top 10 37.8%

52 WEEK LOW AND HIGH

$22.94
$16.11
$23.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 30, 2002
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 32.4%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.09%
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
    Erik J. Voss

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.


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Categories

Performance

SMMIX - Performance

Return Ranking - Trailing

Period SMMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.4% -69.0% 58.1% 9.13%
1 Yr 10.6% -49.1% 38.8% 48.33%
3 Yr 11.0%* -37.9% 23.7% 47.49%
5 Yr 3.6%* -32.3% 16.2% 58.26%
10 Yr 8.4%* -14.2% 17.8% 56.89%

* Annualized

Return Ranking - Calendar

Period SMMIX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -65.5% 13.4% 53.01%
2017 25.2% -46.3% 37.5% 15.40%
2016 -3.6% -43.3% 15.3% 68.27%
2015 -0.4% -38.0% 11.4% 30.61%
2014 -5.2% -52.4% 105.4% 83.47%

Total Return Ranking - Trailing

Period SMMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.4% -69.0% 58.1% 9.13%
1 Yr 10.6% -49.1% 38.8% 60.71%
3 Yr 11.0%* -37.9% 31.2% 70.50%
5 Yr 3.6%* -32.3% 16.5% 83.19%
10 Yr 8.4%* -14.2% 17.8% 81.92%

* Annualized

Total Return Ranking - Calendar

Period SMMIX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -65.5% 16.5% 69.99%
2017 25.2% -28.2% 51.5% 54.51%
2016 -3.6% -43.3% 17.1% 85.66%
2015 -0.4% -38.0% 17.3% 64.31%
2014 -5.2% -52.4% 120.7% 93.66%

NAV & Total Return History


Holdings

SMMIX - Holdings

Concentration Analysis

SMMIX Category Low Category High SMMIX % Rank
Net Assets 2.42 B 1.19 M 191 B 34.47%
Number of Holdings 112 7 2089 22.13%
Net Assets in Top 10 896 M 421 K 53.6 B 37.34%
Weighting of Top 10 37.84% 12.0% 100.0% 61.41%

Top 10 Holdings

  1. Amazon.com Inc 8.62%
  2. Alphabet Inc Class C 5.81%
  3. Facebook Inc A 4.38%
  4. Mastercard Inc A 4.24%
  5. Microsoft Corp 3.56%
  6. Salesforce.com Inc 2.37%
  7. Lowe's Companies Inc 2.32%
  8. Alibaba Group Holding Ltd ADR 2.31%
  9. Apple Inc 2.23%
  10. Visa Inc Class A 1.99%

Asset Allocation

Weighting Return Low Return High SMMIX % Rank
Stocks
99.95% 80.50% 105.55% 7.45%
Cash
0.04% -5.55% 16.25% 91.07%
Preferred Stocks
0.00% 0.00% 2.51% 79.19%
Other
0.00% -1.10% 3.97% 77.95%
Convertible Bonds
0.00% 0.00% 0.02% 74.61%
Bonds
0.00% 0.00% 3.92% 75.78%

Stock Sector Breakdown

Weighting Return Low Return High SMMIX % Rank
Technology
38.40% 7.44% 60.96% 22.36%
Consumer Cyclical
19.94% 0.00% 49.54% 17.16%
Financial Services
12.05% 0.00% 32.66% 51.24%
Healthcare
11.53% 0.00% 38.88% 72.05%
Industrials
9.75% 0.00% 27.83% 44.02%
Consumer Defense
4.18% 0.00% 17.22% 60.17%
Communication Services
1.41% 0.00% 28.18% 54.11%
Basic Materials
1.39% 0.00% 11.24% 54.89%
Energy
1.11% -0.02% 7.56% 33.70%
Real Estate
0.20% 0.00% 10.94% 72.59%
Utilities
0.00% -0.01% 7.67% 82.61%

Stock Geographic Breakdown

Weighting Return Low Return High SMMIX % Rank
US
87.34% 80.50% 100.50% 83.07%
Non US
12.61% 0.00% 17.37% 4.58%

Expenses

SMMIX - Expenses

Operational Fees

SMMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.00% 165.48% 67.75%
Management Fee 0.63% 0.00% 1.40% 46.23%
12b-1 Fee 0.10% 0.00% 1.00% 23.79%
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

SMMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SMMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

SMMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 536.00% 38.26%

Distributions

SMMIX - Distributions

Dividend Yield Analysis

SMMIX Category Low Category High SMMIX % Rank
Dividend Yield 0.00% 0.00% 15.36% 82.45%

Dividend Distribution Analysis

SMMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

SMMIX Category Low Category High SMMIX % Rank
Net Income Ratio -0.09% -7.55% 1.83% 58.24%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SMMIX - Fund Manager Analysis

Managers

Erik J. Voss


Start Date

Tenure

Tenure Rank

Jun 04, 2012

7.41

7.4%

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.

Ido Cohen


Start Date

Tenure

Tenure Rank

Jul 22, 2013

6.28

6.3%

Ido Cohen is a portfolio manger for Invesco large-cap growth equity strategies and is lead manager for Invesco leisure products. He has been associated with Invesco and/or its affiliates since 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.86 7.94 0.5