- ISIN
- US0014131371
- Issuer
- Invesco
- Inception Date
- Nov 1, 1982
- Category
- Large Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SMMIX Performance Chart
Invesco Summit Fund (SMMIX) is up 0.5% since the beginning of the year. SMMIX is currently trading at $29 per share. Investors who bought $1,000 worth of SMMIX shares 5 years ago would now be looking at an investment worth $1,362.
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Returns By Period
Invesco Summit Fund (SMMIX) has returned 0.52% so far this year and 6.32% over the past 12 months. Looking at the last ten years, SMMIX has achieved an annualized return of 14.20%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Invesco Summit Fund
- 1D
- 4.37%
- 1M
- -4.37%
- 6M
- 1.47%
- YTD
- 0.52%
- 1Y
- 6.32%
- 3Y*
- 16.07%
- 5Y*
- 6.38%
- 10Y*
- 14.20%
- ALL TIME*
- 9.90%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SMMIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 31, 1983, SMMIX's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +17.7%, while the worst month was Oct 1987 at -27.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SMMIX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +12.0%, while the worst single day was Oct 22, 1987 at -18.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.94% | -3.65% | -5.17% | 13.64% | 4.43% | 2.10% | -8.34% | 0.52% | |||||
| 2025 | 2.82% | -6.98% | -10.55% | 2.27% | 10.80% | 7.68% | 2.95% | 0.94% | 5.38% | 3.31% | -4.80% | -1.21% | 11.08% |
| 2024 | 4.02% | 7.86% | 2.13% | -5.13% | 6.26% | 5.36% | -2.76% | 2.43% | 2.62% | 1.21% | 7.55% | -0.76% | 34.36% |
| 2023 | 9.13% | -2.71% | 5.30% | 0.97% | 5.57% | 6.90% | 3.04% | -1.61% | -6.13% | -2.79% | 11.08% | 4.53% | 36.82% |
| 2022 | -8.95% | -2.91% | 1.67% | -12.05% | -2.33% | -8.73% | 9.67% | -4.05% | -10.83% | 5.24% | 3.76% | -7.36% | -33.12% |
| 2021 | -0.54% | 4.27% | -1.01% | 6.42% | -1.37% | 5.67% | -2.00% | 3.32% | -4.62% | 5.62% | -2.60% | -2.11% | 10.71% |
Benchmark Metrics
Invesco Summit Fund has an annualized alpha of 1.40%, beta of 1.00, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since January 31, 1983.
- This fund captured 112.49% of S&P 500 Index gains and 108.61% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.00 and R2 of 0.73, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.40%
- Beta
- 1.00
- R²
- 0.73
- Upside Capture
- 112.49%
- Downside Capture
- 108.61%
Expense Ratio
SMMIX has an expense ratio of 0.84%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMMIX ranks 6 for risk / return — above 6% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Summit Fund (SMMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 2.00 | -1.78 |
| Martin ratioReturn relative to average drawdown | 0.64 | 8.49 | -7.85 |
Dividends
Dividend History
Invesco Summit Fund provided a 14.70% dividend yield over the last twelve months, with an annual payout of $4.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.25 | $4.25 | $0.60 | $0.00 | $1.66 | $5.46 | $1.90 | $1.87 | $2.11 | $0.75 | $1.00 | $1.13 |
Dividend yield | 14.70% | 14.78% | 2.01% | 0.00% | 10.02% | 20.10% | 6.46% | 8.44% | 12.16% | 3.77% | 6.28% | 6.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Summit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.25 | $4.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 | $1.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.46 | $5.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Summit Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Summit Fund was 69.64%, occurring on Oct 9, 2002. Recovery took 3001 trading sessions.
The current Invesco Summit Fund drawdown is 8.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-69.64%Oct 2002 | 2y 7mo | 11y 11mo | 14y 6moMar 2000 - Sep 2014 | Dot-com crash2000–2002 |
-40.62%Oct 2022 | 11mo 1d | 1y 8mo | 2y 6moNov 2021 - Jun 2024 | Bear market2022 |
-39.37%Dec 1987 | 3mo 10d | 2y 5mo | 2y 8moAug 1987 - May 1990 | Black Monday1987 |
-30.83%Mar 2020 | 1mo 2d | 2mo 12d | 3mo 14dFeb 2020 - Jun 2020 | COVID crash2020 |
-28.62%Oct 1998 | 2mo 19d | 2mo 14d | 5mo 3dJul 1998 - Dec 1998 | — |
Drawdown Indicators
| SMMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.64% | -56.78% | -12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -9.10% | -10.85% |
Max Drawdown (3Y)Largest decline over 3 years | -28.51% | -18.90% | -9.61% |
Max Drawdown (5Y)Largest decline over 5 years | -40.62% | -25.43% | -15.19% |
Max Drawdown (10Y)Largest decline over 10 years | -40.62% | -33.92% | -6.70% |
Current DrawdownCurrent decline from peak | -8.34% | -1.58% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -19.21% | -10.70% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 2.14% | +4.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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