Invesco Main Street Fund Class Y
MIGYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- AIM Equity Funds (Invesco Equity Funds) United States of America
- IPO Date
- Oct 31, 1996
- CIK
- 0000105377
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Main Street Fund Class Y (MIGYX) is an open-end mutual fund that primarily invests in common stocks of U.S. companies across different capitalization ranges, with a current focus on larger capitalization issuers comparable to those in the Russell 1000 Index; the fund employs fundamental research to select a blend of growth and value stocks while maintaining a broadly diversified portfolio across major economic sectors, including technology (36.56%), financial services (13.17%), communication services (10.84%), healthcare (9.72%), and consumer cyclical (8.76%), with top holdings such as Microsoft Corp. (9.48%), NVIDIA Corp. (9.04%), Apple Inc. (5.38%), Amazon.com Inc. (5.33%), and Alphabet Inc. (4.79%). The fund, classified in the Large Blend category by Morningstar, allocates approximately 94.75% to U.S. stocks, 4.66% to non-U.S. stocks, and 0.59% to cash, targeting long-term capital appreciation for investors through daily pricing and a net expense ratio of 0.57%. It features no front-end or deferred loads, with minimum initial investments of $1,000 and additional investments of $50. Launched on November 1, 1996, and domiciled in the United States, the fund is managed by Invesco, with portfolio managers Manind Govil and Benjamin Ram in place since May 19, 2009; as of the latest data, the share class holds $612.46 million in assets within the broader fund's total net assets of $11.38 billion. The fund traces its origins to OppenheimerFunds' Main Street Funds platform, established in 1987 as a private-label product for banks, prior to Invesco's acquisition of OppenheimerFunds in 2019. Geographically, it primarily operates in the U.S. market, available for sale to U.S. investors, with minor exposure to regions such as the Eurozone (1.69%), Europe ex-Euro (1.60%), Canada (1.02%), and the United Kingdom (0.35%). Recent developments include quarterly commentary releases, such as the Q2 2024 review and Q3 2024 commentary, highlighting ongoing portfolio adjustments amid market volatility. Invesco, the fund's sponsor, underwent broader strategic changes, including a summer 2025 management shakeup with new leadership under CEO Andrew Schlossberg (effective mid-2023), co-heads of investments Stephanie Butcher and Tony Wong, and team reconstitutions across equity and international strategies, though no direct manager changes were noted for MIGYX. Additionally, Invesco announced a major April 2025 transaction repurchasing $1 billion of its preferred stock from MassMutual and forming a new strategic product and distribution partnership with Barings, focused on private credit solutions for U.S. wealth channel clients, backed by $650 million initial funding, enhancing Invesco's overall capabilities that indirectly support funds like MIGYX.