About ACGMX
The Invesco Growth and Income Fund Class Y is an actively managed mutual fund focused on delivering total return through both capital appreciation and current income. This fund primarily targets income-producing equity securities, such as common stocks and convertible securities, with a particular emphasis on large-cap companies considered undervalued or out of favor. Utilizing a bottom-up selection approach, the management team seeks investments in well-established businesses that may benefit from positive business catalysts, balancing opportunities for growth with risk management.
The fund’s portfolio is diversified across multiple sectors, with significant weights in financial services, technology, industrials, consumer defensive, and healthcare. Major holdings as of recent data include Wells Fargo, Bank of America, Amazon, Microsoft, and Johnson & Johnson. While the majority of assets are invested in domestic equities, the fund may allocate up to 25% to foreign securities, broadening its opportunity set. Classified in the 'Large Value' category, the fund is benchmarked against the Russell 1000 Value Index and typically maintains a moderate turnover rate. With quarterly distributions, it appeals to investors seeking a blend of income and long-term capital growth from established market leaders.
Fund Family Invesco
Category Large Value
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol ACGMX
Share Class Class Y
Index Russell 1000 Value TR
ACGMX had a total return of 16.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.20%.
