About SMITX
The Invesco Summit Fund Class R5 is an actively managed mutual fund that focuses on long-term capital growth. Its primary strategy is investing in equity securities from companies across all market capitalizations, with an emphasis on firms demonstrating sustainable revenue, earnings, and cash flow growth that is not yet fully reflected in their valuations. The fund predominantly holds common stocks and is notable for its concentration in large growth-oriented technology and consumer companies, with top holdings including Nvidia, Microsoft, Amazon, Meta Platforms, and Apple. While the fund may allocate up to 25% of assets to foreign securities, including emerging markets, it avoids companies primarily involved in alcohol, tobacco, or gambling. The portfolio is typically comprised of around 60-70 securities, with a strong lean toward large-cap U.S. growth stocks. Designed for investors seeking exposure to innovative and rapidly expanding enterprises, the fund plays a key role in the market by channeling capital into segments and industries with high growth potential, particularly within the technology and communication services sectors. It does not pay dividends, reinvesting all potential gains for growth objectives.
Fund Family Invesco
Category Large Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SMITX
Share Class Class R5
Index Russell 1000 Growth TR
SMITX had a total return of 6.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.78%.
