Invesco Comstock Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Invesco Comstock Fund held 84 positions with $14.35B in net assets. Its ten largest holdings made up 26.4% of the fund. The ACSTX share class costs 0.8% a year. Over the 12 months to May 2026, ACSTX returned 24.2%, with dividends reinvested. In 2026 Q3 it added 7 new positions and exited 4.
The Funds investment objective is total return through growth of capital and current income.
The fund invests at least 80% of assets in common stocks, emphasizing large-capitalization issuers, with a value-oriented approach that seeks undervalued, well-established companies expected to improve in valuation. It may allocate up to 25% to foreign securities including emerging markets, up to 10% to REITs, and uses derivatives including futures and currency forwards for exposure and hedging. The fund's returns depend on the portfolio managers' security selection and timing decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLAlphabet Inc. | 4.08% | $585.40M | 1.5M | $384.80 |
3.38% | $485.03M | 9.1M | $53.46 | |
TRPXXInvesco Treasury Portfolio | 3.13% | $448.69M | — | — |
2.55% | $366.12M | 4.4M | $83.29 | |
MSFTMicrosoft Corp. | 2.46% | $353.49M | 866.9K | $407.78 |
2.40% | $344.86M | 3.8M | $91.50 | |
2.29% | $328.24M | 4.0M | $82.23 | |
2.15% | $309.18M | 1.6M | $193.31 | |
1.97% | $282.71M | 1.8M | $152.84 | |
1.95% | $279.38M | 2.6M | $109.18 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 84 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 95.13% |
| Cash & short-term | 6.13% |
| Derivatives | -0.01% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- Financials
- 17.6%
- Health Care
- 14.4%
- Information Technology
- 11.8%
- Industrials
- 11.6%
- 10 other sectors
- 44.6%
- Financials
- 17.6%
- Health Care
- 14.4%
- Information Technology
- 11.8%
- Industrials
- 11.6%
- International
- 8.3%
- Energy
- 7.0%
- Communication Services
- 6.0%
- Cash
- 5.8%
- Consumer Discretionary
- 5.5%
- Utilities
- 3.7%
- Consumer Staples
- 3.6%
- Materials
- 2.6%
- Real Estate
- 1.2%
- Other
- 0.8%
How it has done
ACSTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.07%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.80% | +24.21% | +69.14% | +76.05% | -8.82% | |
| 1.52% | +23.29% | +65.45% | +69.62% | -8.97% | |
| 0.55% | +24.49% | +70.39% | +78.23% | -8.76% | |
| 0.51% | +24.53% | +70.64% | +78.67% | -8.76% | |
| 1.05% | +23.85% | +67.79% | +73.79% | -8.88% | |
| 0.44% | +24.64% | +70.99% | +79.24% | -8.76% |
These classes hold the same portfolio, so the 9.61pp spread over 5 years is the cost difference between them — roughly 1.92pp a year — not a difference in what they own.
Fees & fund details
Invesco Comstock Fund is an actively managed U.S. equity fund. 1% of ACSTX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.44% – 1.52%· ACSTX 0.80%
- Portfolio turnover
- 26.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new
4 exited
Understand how this fund fits with the rest.
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