Invesco Summit P (SMMIX)
| Fund Assets | 3.66B |
| Expense Ratio | 0.85% |
| Min. Investment | $0.00 |
| Turnover | 57.00% |
| Dividend (ttm) | 0.60 |
| Dividend Yield | 1.89% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 31.70 |
| YTD Return | 8.21% |
| 1-Year Return | 18.93% |
| 5-Year Return | 69.09% |
| 52-Week Low | 22.69 |
| 52-Week High | 32.78 |
| Beta (5Y) | n/a |
| Holdings | 69 |
| Inception Date | Nov 1, 1982 |
About SMMIX
Invesco Summit Fund Class P is an actively managed mutual fund that focuses on long-term capital growth by investing in equity securities across all market capitalizations. The fund targets companies exhibiting sustainable revenue, earnings, and cash flow growth, favoring stocks whose growth potential is not yet fully recognized in their market valuations. Its portfolio comprises a diversified mix of well-established large-cap technology leaders, such as Nvidia, Microsoft, Amazon, and Apple, alongside other growth-oriented companies. The fund purposely avoids investments in firms primarily involved with alcohol, tobacco, or gambling, reflecting a selective investment approach. Managed by experienced portfolio managers, it seeks to harness the power of compounding through positions in businesses believed to be strategically positioned for enduring growth. Its sector allocation leans heavily towards technology and large U.S. companies, making it representative of the large growth category. With a substantial asset base and a moderate annual turnover, Invesco Summit Fund Class P plays a significant role for investors seeking exposure to growth equities in the U.S. stock market.
Performance
SMMIX had a total return of 18.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.05%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
52.04% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 11.22% |
| Microsoft Corporation | MSFT | 8.26% |
| Amazon.com, Inc. | AMZN | 7.01% |
| Meta Platforms, Inc. | META | 6.49% |
| Broadcom Inc. | AVGO | 4.18% |
| Netflix, Inc. | NFLX | 3.41% |
| Apple Inc. | AAPL | 3.35% |
| Mastercard Incorporated | MA | 3.07% |
| Alphabet Inc. | GOOG | 2.95% |
| ServiceNow, Inc. | NOW | 2.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.5999 | Dec 16, 2024 |
| Dec 16, 2022 | $1.6577 | Dec 16, 2022 |
| Dec 16, 2021 | $5.4571 | Dec 16, 2021 |
| Dec 15, 2020 | $0.2901 | Dec 15, 2020 |
| Dec 13, 2019 | $1.865 | Dec 13, 2019 |
| Dec 14, 2018 | $2.1064 | Dec 14, 2018 |