Invesco Summit P
- SMMIX
- Price as of: Feb 26, 2021
-
$30.46
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Invesco
- Share Class
SMMIX - Snapshot
Vitals
- YTD Return 3.7%
- 3 Yr Annualized Return 20.5%
- 5 Yr Annualized Return 22.8%
- Net Assets $3.53 B
- Holdings in Top 10 38.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.84%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 38.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
SMMIX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 20.5%
- 5 Yr Annualized Total Return 22.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.15%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameInvesco Summit Fund
-
Fund Family NameInvesco
-
Inception DateNov 01, 1982
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerErik Voss
Fund Description
The fund invests primarily in equity securities of issuers of all market capitalizations that are considered by the fund's portfolio managers to have potential for earnings or revenue growth. The principal type of equity securities in which it invests is common stock. The fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. It may invest up to 25% of its net assets in foreign securities, including up to 10% of its net assets in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles.
SMMIX - Performance
Return Ranking - Trailing
| Period | SMMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -3.8% | 44.6% | 10.56% |
| 1 Yr | 39.3% | -9.0% | 131.7% | 21.60% |
| 3 Yr | 20.5%* | -1.2% | 45.9% | 20.20% |
| 5 Yr | 22.8%* | -2.1% | 45.4% | 16.16% |
| 10 Yr | 16.0%* | 6.9% | 23.9% | 28.76% |
* Annualized
Return Ranking - Calendar
| Period | SMMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 33.3% | -67.0% | 145.0% | 23.48% |
| 2019 | 27.6% | -28.8% | 76.0% | 30.89% |
| 2018 | -13.0% | -64.5% | 19.1% | 58.89% |
| 2017 | 25.2% | -68.7% | 64.3% | 18.37% |
| 2016 | -3.6% | -56.6% | 15.3% | 70.61% |
Total Return Ranking - Trailing
| Period | SMMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -3.8% | 44.6% | 10.56% |
| 1 Yr | 39.3% | -9.0% | 131.7% | 20.19% |
| 3 Yr | 20.5%* | -3.1% | 45.9% | 19.31% |
| 5 Yr | 22.8%* | -3.3% | 45.4% | 15.85% |
| 10 Yr | 16.0%* | 6.9% | 23.9% | 27.66% |
* Annualized
Total Return Ranking - Calendar
| Period | SMMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 33.3% | -67.0% | 145.0% | 23.48% |
| 2019 | 27.6% | -28.8% | 76.0% | 31.05% |
| 2018 | -13.0% | -64.5% | 29.5% | 73.28% |
| 2017 | 25.2% | -24.8% | 64.3% | 55.72% |
| 2016 | -3.6% | -56.6% | 17.1% | 86.76% |
NAV & Total Return History
SMMIX - Holdings
Concentration Analysis
| SMMIX | Category Low | Category High | SMMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.53 B | 10.3 K | 253 B | 35.77% |
| Number of Holdings | 114 | 1 | 2486 | 22.37% |
| Net Assets in Top 10 | 1.36 B | 213 K | 96.2 B | 37.23% |
| Weighting of Top 10 | 38.04% | 10.4% | 100.0% | 75.58% |
Top 10 Holdings
- Amazon.com Inc 10.01%
- Alphabet Inc Class C 4.46%
- Facebook Inc A 4.45%
- Microsoft Corp 3.77%
- Mastercard Inc A 3.51%
- Alibaba Group Holding Ltd ADR 3.05%
- Apple Inc 2.70%
- PayPal Holdings Inc 2.65%
- Salesforce.com Inc 2.28%
- Qualcomm Inc 2.23%
Asset Allocation
| Weighting | Return Low | Return High | SMMIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.97% | 51.91% | 142.50% | 11.66% |
| Cash | 0.03% | -42.50% | 48.09% | 87.12% |
| Preferred Stocks | 0.00% | 0.00% | 5.09% | 86.53% |
| Other | 0.00% | -5.20% | 21.26% | 86.02% |
| Convertible Bonds | 0.00% | 0.00% | 15.24% | 86.24% |
| Bonds | 0.00% | -0.67% | 31.29% | 86.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SMMIX % Rank | |
|---|---|---|---|---|
| Technology | 27.64% | 0.00% | 88.27% | 72.70% |
| Communication Services | 19.79% | 0.00% | 68.14% | 10.01% |
| Consumer Cyclical | 19.72% | 0.00% | 38.89% | 18.10% |
| Financial Services | 11.17% | 0.00% | 41.22% | 38.63% |
| Healthcare | 9.86% | 0.00% | 61.09% | 85.36% |
| Industrials | 4.03% | 0.00% | 30.46% | 71.89% |
| Basic Materials | 2.47% | 0.00% | 19.40% | 21.34% |
| Consumer Defense | 2.36% | 0.00% | 19.50% | 69.68% |
| Real Estate | 1.84% | 0.00% | 22.68% | 34.66% |
| Energy | 1.12% | 0.00% | 14.46% | 17.22% |
| Utilities | 0.00% | 0.00% | 10.98% | 90.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SMMIX % Rank | |
|---|---|---|---|---|
| US | 86.71% | 11.18% | 140.12% | 81.68% |
| Non US | 13.26% | 0.00% | 82.96% | 10.82% |
SMMIX - Expenses
Operational Fees
| SMMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.01% | 23.28% | 64.70% |
| Management Fee | 0.63% | 0.00% | 1.50% | 50.62% |
| 12b-1 Fee | 0.10% | 0.00% | 1.00% | 22.39% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| SMMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | 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 | 38.00% | 0.00% | 358.00% | 44.39% |
SMMIX - Distributions
Dividend Yield Analysis
| SMMIX | Category Low | Category High | SMMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.98% | 87.12% |
Dividend Distribution Analysis
| SMMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| SMMIX | Category Low | Category High | SMMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.15% | -56.00% | 1.99% | 57.42% |
Capital Gain Distribution Analysis
| SMMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 13, 2017 | $0.002 |
| Dec 13, 2016 | $0.011 |
| Sep 18, 2014 | $0.002 |
| Dec 13, 2013 | $0.042 |
| Dec 07, 2012 | $0.042 |
| Dec 09, 2011 | $0.018 |
| Dec 10, 2010 | $0.017 |
| Dec 11, 2009 | $0.072 |
| Dec 12, 2008 | $0.064 |
SMMIX - Fund Manager Analysis
Managers
Erik Voss
Start Date
Tenure
Tenure Rank
Jun 04, 2012
8.67
8.7%
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
7.53
7.5%
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 |
|---|---|---|---|
| 0.07 | 53.12 | 7.7 | 1.08 |