Invesco Summit Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Invesco Summit Fund held 61 positions with $3.50B in net assets. Its ten largest holdings made up 51.9% of the fund. The ASMMX share class costs 0.97% a year. Over the 12 months to May 2026, ASMMX returned 22.6%, with dividends reinvested. In 2026 Q3 it added 16 new positions and exited 18.
The Funds investment objective is long-term growth of capital.
The fund invests primarily in common stock of companies across all market capitalizations, currently emphasizing larger-cap issuers, that the portfolio managers believe offer earnings or revenue growth not yet reflected in valuations. The managers conduct fundamental research including financial modeling and direct engagement with company management, suppliers, and competitors to identify securities with sustainable long-term growth prospects at attractive valuations relative to their growth outlook. The fund excludes companies whose primary business involves alcohol, tobacco, or gambling, and may allocate up to 25% of assets to foreign securities including up to 10% to emerging markets. Because the fund is non-diversified, it can concentrate a greater percentage of assets in a small group of issuers or any single issuer than a diversified fund, and performance depends on the success of those concentrated positions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 13.07% | $457.38M | 2.3M | $199.57 |
GOOGAlphabet Inc. | 7.39% | $258.60M | 677.1K | $381.94 |
AMZNAmazon.com, Inc. | 5.85% | $204.61M | 771.9K | $265.06 |
AVGOBroadcom Inc. | 4.86% | $170.00M | 407.3K | $417.43 |
MSFTMicrosoft Corp. | 4.56% | $159.68M | 391.6K | $407.78 |
AAPLApple Inc. | 4.48% | $156.72M | 577.6K | $271.35 |
3.28% | $114.73M | 187.5K | $611.91 | |
TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 3.25% | $113.73M | 287.2K | $396.06 |
2.68% | $93.75M | 285.4K | $328.49 | |
2.46% | $86.24M | 590.6K | $146.03 |
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 61 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 | 98.74% |
| Cash & short-term | 2.20% |
By sector
- Information Technology
- 49.0%
- Industrials
- 11.8%
- Communication Services
- 9.0%
- Consumer Discretionary
- 9.0%
- 8 other sectors
- 21.2%
- Information Technology
- 49.0%
- Industrials
- 11.8%
- Communication Services
- 9.0%
- Consumer Discretionary
- 9.0%
- International
- 7.4%
- Health Care
- 4.2%
- Financials
- 3.7%
- Energy
- 1.8%
- Consumer Staples
- 1.7%
- Materials
- 1.3%
- Cash
- 1.1%
- Other
- 0.1%
How it has done
ASMMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 19.25%. 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 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.97% | +22.59% | +82.80% | +50.13% | -16.82% | |
| 1.72% | +21.66% | +78.70% | +44.55% | -16.88% | |
| 0.82% | +22.76% | +83.55% | +51.27% | -16.79% | |
| 0.72% | +22.89% | +84.20% | +52.06% | -16.77% | |
| 0.69% | +22.96% | +84.36% | +52.06% | -16.76% | |
| 0.87% | +22.69% | +83.27% | +50.88% | -16.79% | |
| 0.69% | +22.95% | +84.37% | +52.33% | -16.77% | |
| 1.22% | — | — | — | — |
Fees & fund details
Invesco Summit Fund is an actively managed U.S. equity fund. 41% of ASMMX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.69% – 1.72%· ASMMX 0.97%
- Portfolio turnover
- 58.00% a year · as of 2026 Q1
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.
16 new· the largest 8
18 exited· the largest 8
Understand how this fund fits with the rest.
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