Fund Evaluator:
Invesco Summit C (CSMMX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Invesco Summit C Overview
Invesco Summit C (CSMMX) is an actively managed U.S. Equity Large Growth fund. Invesco launched the fund in 2005.
The investment seeks long-term growth of capital. The fund invests primarily in equity securities of issuers of all market capitalizations that are considered by the fund's portfolio managers to have potential for earnings or revenue growth. The principal type of equity securities in which it invests is common stock. The fund does not invest in companies whose primary business involves alcohol, tobacco or gambling. It may invest up to 25% of its net assets in foreign securities, including up to 10% of its net assets in emerging markets countries, i.e., those that are generally in the early stages of their industrial cycles. The fund is non-diversified.
About Invesco Summit C (CSMMX)
There are 2 members of the management team with an average tenure of 8.27 years: Ido Cohen (2013), Ronald Zibelli (2022). 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 Growth TR USD index with a weighting of 100%. Invesco Summit C has 54 securities in its portfolio. The top 10 holdings constitute 52.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Summit C is part of the Equity global asset class and is within the U.S. Equity fund group. Invesco Summit C has 7.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.2%. There is 7.4% 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 Summit C has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $2 billion average for the Large Growth 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.
CSMMX 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 Summit C expense ratio is high compared to funds in the Large Growth category. Invesco Summit C has an expense ratio of 1.72%, which is 79% higher than its category average, making the fund expense ratio grade a F. 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. Invesco Summit C has a portfolio turnover rate of 58%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of June 2026, Invesco Summit C returned 2.0%, which earned it a grade of A, as the Large Growth category had an average return of -1.3%. 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 Summit C has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually 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 Summit C Grades
Year to date, the fund has returned 9.1%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 15.3% over the past year (grade of C), 19.5% over the past three years (grade of D) and 6.9% per year over the past five years (grade of F) and 14.9% per year over the past 10 years (grade of D).
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CSMMX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CSMMX Return (NAV) | 2.0% | 20.9% | 15.3% | 19.5% | 6.9% | 14.9% |
| CSMMX Grade | A | B | C | D | F | D |
| +/- Category | 3.3% | 3.1% | -0.5% | -1.2% | -3.1% | -1.4% |
| Large Growth Avg | -1.3% | 17.8% | 15.9% | 20.7% | 10.0% | 16.4% |
| CSMMX Tax Cost Ratio | na | na | 4.2% | 1.6% | 2.5% | 2.2% |
CSMMX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSMMX Return (NAV) | 9.1% | 9.9% | 33.1% | 35.6% | -33.6% | 10.3% | 40.9% | 37.3% | -3.6% | 28.7% | 1.5% |
| CSMMX Grade | B | F | B | D | D | F | B | A | D | C | D |
| +/- Category | 2.1% | -5.9% | 3.5% | -3.2% | -1.6% | -10.2% | -1.2% | 4.2% | -2.9% | -1.1% | -1.3% |
| Large Growth Avg | 7.1% | 15.7% | 29.6% | 38.8% | -32.0% | 20.5% | 42.0% | 33.2% | -0.7% | 29.8% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 18.8% |
| Total Risk Index: | 1.54 - High |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (83% Rank) |
| Beta: | 1.32 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3664 Mil |
| Fund Total Assets: | $ 20 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 58% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.0 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Cohen Ido (2013), Zibelli Ronald (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 52.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 7.4% |
Portfolio Allocation |
|
| Domestic Stock: | 92.2% |
| Foreign Stock: | 7.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com/us |
| Status: | Open |
| Inception Date: | October 31, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.72% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Invesco Summit P |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
