Summary

• Invesco Main Street Fund’s Class A shares at net asset value returned -6.99% for the quarter, underperforming the S&P 500 Index, which returned -4.33%.
• There was no significant change to overall positioning as we sought to keep most sector, factor and other macro-related exposures similar to the S&P 500 Index.
• Amid heightened volatility sparked by geopolitical tensions, rising energy prices and artificial intelligence-related investor concerns, US equities fell during the quarter.

Key takeaways

1 The fund underperformed its benchmark

Underperformance mainly resulted from stock selection in the industrials, information technology (IT) and financials sectors. Stronger stock selection in the consumer discretionary and energy sectors partially offset these results.

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