TTD - Invesco Main Street Mid Cap Fund Q1 2025 Commentary
2025-05-11 07:19:00 ET
Summary
- Underperformance mainly resulted from stock selection in the information technology (IT), communication services and industrials sectors.
- Stronger stock selection in the health care and financial sectors partially offset these results.
- There was no significant change to the fund’s overall positioning during the quarter as we sought to keep most sector, factor and other macro-related exposures similar to the Russell Midcap Index.
- The S&P 500 Index returned -4.27% during the quarter. Energy led sector returns in the index.
- Defensive sectors such as health care and consumer staples also had positive returns, while consumer discretionary and IT saw double-digit losses. The Russell Midcap Index returned -3.40%.
Standardized performance (%) |
as of March 31, 2025 |
Quarter |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
Since Inception |
Class A shares inception: 08/02/99 |
NAV |
-5.28 |
-5.28 |
1.47 |
4.29 |
15.10 |
7.05 |
9.62 |
Max. Load 5.5% |
-10.48 |
-10.48 |
-4.11 |
2.34 |
13.81 |
6.44 |
9.37 |
Class R6 shares inception: 10/26/12 |
NAV |
-5.19 |
-5.19 |
1.84 |
4.68 |
15.55 |
7.48 |
10.28 |
Class Y shares inception: 08/02/99 |
NAV |
-5.22 |
-5.22 |
1.70 |
4.54 |
15.39 |
7.31 |
9.99 |
Russell Midcap Index ((USD)) |
-3.40 |
-3.40 |
2.59 |
4.62 |
16.28 |
8.82 |
- |
Total return ranking vs. Morningstar Mid-Cap Blend category (Class A shares at NAV) |
- |
- |
29% (98 of 406) |
52% (164 of 382) |
71% (235 of 352) |
76% (159 of 244) |
- |
Expense ratios per the current prospectus: Class A: Net: 1.06%, Total: 1.06%; Class R6: Net: 0.69%, Total: 0.69%; Class Y: Net: 0.82%, Total: 0.82%. ...
Invesco Main Street Mid Cap Fund Q1 2025 Commentary