Barron’s article: Q&A with Kevin Holt on 25 years of value investing

The Invesco Comstock Fund, under the guidance of co-manager Kevin Holt, emphasizes classic value-investing strategies by deeply analyzing a company's normalized profitability and cash flows, sometimes extending research over a 20-year period. This thorough approach allows the team to identify long-term value while avoiding companies that may drag down performance due to excessive acquisitions, weak management, or misaligned management incentives.

Currently, the fund sees promising opportunities within the energy, banking, and healthcare sectors, suggesting a targeted focus on industries with potential for growth and stability. The insights provided by Holt underscore the importance of disciplined research and strategic industry selection in value investing.

By prioritizing companies with solid fundamentals and strategic alignment, the fund aims to enhance returns while managing risks. This approach reflects a commitment to identifying undervalued opportunities that can deliver sustainable performance over time.

Overall, the fund's strategy highlights the enduring relevance of value investing principles in navigating complex market environments.