Fund Evaluator:
Invesco Growth and Income A (ACGIX)
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Best Performing in Large Value Over the Last Year
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Fund Details
Invesco Growth and Income A Overview
Invesco Growth and Income A (ACGIX) is an actively managed U.S. Equity Large Value fund. Invesco launched the fund in 1946.
The investment seeks total return through growth of capital and current income. Under normal market conditions, the fund's investment adviser seeks to achieve the fund's investment objective by investing primarily in income-producing equity securities, which include common stocks and convertible securities. It may invest in securities of issuers of all capitalization sizes; however, a substantial number of the issuers in which the fund invests are large-capitalization issuers. The fund may invest up to 25% of its net assets in securities of foreign issuers, which may include depositary receipts.
About Invesco Growth and Income A (ACGIX)
There are 4 members of the management team with an average tenure of 11.25 years: Matthew Titus (2016), Brian Jurkash (2015), Will Guthrie (2026), Sergio Marcheli (2003). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Invesco Growth and Income A has 81 securities in its portfolio. The top 10 holdings constitute 26.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Growth and Income A is part of the Equity global asset class and is within the U.S. Equity fund group. Invesco Growth and Income A has 1.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.4%. There is 1.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Growth and Income A has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is above the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACGIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Growth and Income A expense ratio is above average compared to funds in the Large Value category. Invesco Growth and Income A has an expense ratio of 0.78%, which is 16% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Invesco Growth and Income A. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Invesco Growth and Income A returned 2.2%, which earned it a grade of D, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco Growth and Income A has a trailing yield of 1.04%, which is below the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Growth and Income A Grades
Year to date, the fund has returned 10.6%, 3.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 19.3% over the past year (grade of D), 15.6% over the past three years (grade of C) and 11.0% per year over the past five years (grade of C) and 11.4% per year over the past 10 years (grade of C).
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ACGIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACGIX Return (NAV) | 2.2% | 3.4% | 19.3% | 15.6% | 11.0% | 11.4% |
| ACGIX Grade | D | F | D | C | C | C |
| +/- Category | -0.7% | -2.8% | -4.5% | -0.1% | 0.2% | 0.1% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| ACGIX Tax Cost Ratio | na | na | 2.1% | 2.5% | 3.1% | 2.7% |
ACGIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACGIX Return (NAV) | 10.6% | 15.5% | 16.2% | 12.6% | -5.9% | 28.6% | 2.3% | 25.2% | -13.5% | 14.2% | 19.8% |
| ACGIX Grade | D | C | B | C | C | B | D | C | F | D | A |
| +/- Category | -3.6% | 0.3% | 2.1% | 0.7% | 0.1% | 2.9% | -1.5% | -0.4% | -5.0% | -2.2% | 5.3% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 1.06 - High |
| Category Risk Grade: | F (81% Rank) |
| Beta: | 0.80 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4394 Mil |
| Fund Total Assets: | $2,861 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 23.4 years | |||
| Average Tenure: 11.2 years | |||
| Managers (Year): Marcheli Sergio (2003), Jurkash Brian (2015), Titus Matthew (2016), Guthrie Will (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 26.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.9% |
Portfolio Allocation |
|
| Domestic Stock: | 96.4% |
| Foreign Stock: | 1.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.7% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com |
| Status: | Open |
| Inception Date: | August 1, 1946 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.78% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Invesco Growth and Income A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
