Objective & Strategy
The fund seeks long-term growth of capital by investing in stocks of all market capitalizations that exhibit sustainable revenue, earnings and cash flow growth not yet reflected in the stock price or valuations.
Morningstar Rating ™
Overall Rating - Large Growth CategoryAs of 12/31/2020 the Fund had an overall rating of 4 stars out of 1,197 funds and was rated 4 stars out of 1,197 funds, 4 stars out of 1,070 funds and 3 stars out of 789 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2020 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Management team
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Amazon | 10.01 |
Alphabet 'C' | 4.46 |
Facebook 'A' | 4.45 |
Microsoft | 3.77 |
Mastercard 'A' | 3.51 |
Apple | 2.70 |
PayPal | 2.65 |
Qualcomm | 2.23 |
Sea ADR | 2.15 |
Lowes | 2.11 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
NAV | 10/31/2005 | N/A | 11.35 | 41.95 | 41.95 | 24.00 | 20.38 | 16.06 |
Load | 10/31/2005 | 5.50 | 10.94 | 34.15 | 34.15 | 21.69 | 19.02 | 15.40 |
NAV | 10/31/2005 | N/A | 11.35 | 41.95 | 41.95 | 24.00 | 20.38 | 16.06 |
Load | 10/31/2005 | 5.50 | 10.94 | 34.15 | 34.15 | 21.69 | 19.02 | 15.40 |
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
Russell 1000 Growth IX Tr | 4.60 | 11.39 | 38.49 | 22.99 | 21.00 | 17.21 |
S&P 500 Reinvested IX | 3.84 | 12.15 | 18.40 | 14.18 | 15.22 | 13.88 |
Russell 1000 Growth IX Tr | 4.60 | 11.39 | 38.49 | 22.99 | 21.00 | 17.21 |
S&P 500 Reinvested IX | 3.84 | 12.15 | 18.40 | 14.18 | 15.22 | 13.88 |
Source: RIMES Technologies Corp.
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
Management Fee | 0.63 |
12b-1 Fee | 0.25 |
Other Expenses | 0.13 |
Interest/Dividend Exp | 0.00 |
Total Other Expenses | 0.13 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | 0.00 |
Total Annual Fund Operating Expenses | 1.01 |
Contractual Waivers/Reimbursements | N/A |
Net Expenses - PER PROSPECTUS | 1.01 |
Additional Waivers/Reimbursements | 0.00 |
Net Expenses - With Additional Fee Reduction | 1.01 |
Historical Prices
Date | Net Asset Value ($) | Public Offering Price ($) |
---|---|---|
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Distributions
Capital Gains | Reinvestment Price ($) |
|||
---|---|---|---|---|
Ex-Date | Income | Short Term | Long Term | |
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Sector Breakdown
Holdings | % of Total Net Assets |
---|---|
CASH/OTHER | 0.00 |
Communication Services | 20.10 |
Consumer Discretionary | 21.20 |
Consumer Staples | 2.40 |
Energy | 1.10 |
Financials | 4.20 |
Health Care | 11.20 |
Industrials | 6.30 |
Information Technology | 31.40 |
Materials | 1.20 |
Real Estate | 1.00 |
May not equal 100% due to rounding.
The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.
Asset Mix
Holdings | % of Total Net Assets |
---|---|
Common Stocks | 100.00 |
Cash | 0.04 |
May not equal 100% due to rounding.
Fund Characteristics
3-Year Alpha | -0.23% |
3-Year Beta | 1.06 |
3-Year R-Squared | 0.98 |
3-Year Sharpe Ratio | 1.05 |
3-Year Standard Deviation | 21.38 |
Number of Securities | 104 |
Total Assets | $3,567,536,062.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: Russell 1000 Growth IX Tr
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Amazon | 10.01 |
Alphabet 'C' | 4.46 |
Facebook 'A' | 4.45 |
Microsoft | 3.77 |
Mastercard 'A' | 3.51 |
Apple | 2.70 |
PayPal | 2.65 |
Qualcomm | 2.23 |
Sea ADR | 2.15 |
Lowes | 2.11 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Industries
% of Total Assets | |
---|---|
Internet & Direct Marketing Retail | 15.70 |
Interactive Media & Services | 9.43 |
Interactive Home Entertainment | 8.58 |
Application Software | 7.93 |
Data Processing & Outsourced Services | 7.31 |
Systems Software | 6.55 |
Semiconductors | 4.54 |
Asset Management & Custody Banks | 3.14 |
Health Care Equipment | 2.90 |
Technology Hardware, Storage & Peripherals | 2.70 |
May not equal 100% due to rounding.
The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.
Fund Documents
About risk
Growth Investing Risk. Growth stocks tend to be more expensive relative to the issuing company's earnings or assets compared with other types of stock. As a result, they tend to be more sensitive to changes in, or investors' expectations of, the issuing company's earnings and can be more volatile.
Management Risk. The Fund is actively managed and depends heavily on the Adviser's judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund's portfolio. The Fund could experience losses if these judgments prove to be incorrect. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective.
Market Risk. The market values of the Fund's investments, and therefore the value of the Fund's shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.
Sector Focus Risk. The Fund may from time to time invest a significant amount of its assets (i.e. over 25%) in one market sector or group of related industries. In this event, the Fund's performance will depend to a greater extent on the overall condition of the sector or group of industries and there is increased risk that the Fund will lose significant value if conditions adversely affect that sector or group of industries.
Small- and Mid-Capitalization Companies Risks. Small- and mid-capitalization companies tend to be more vulnerable to changing market conditions, may have little or no operating history or track record of success, and may have more limited product lines and markets, less experienced management and fewer financial resources than larger companies. These companies' securities may be more volatile and less liquid than those of more established companies, and their returns may vary, sometimes significantly, from the overall securities market.
Invesco Summit Fund commentary
22 Jan 2021
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