Lead portfolio manager Scott Roberts' upcoming departure, effective May 31, 2021, does not impact the current ratings on Invesco High Yield; the strategy maintains its People Pillar rating of Average. Roberts has been with Invesco for over 20 years, having joined as a high-yield analyst in 2000, and was named here in June 2010. He will be replaced by Rahim Shad, who is currently a portfolio manager on the high-yield team. Shad has been with Invesco since 2009. He joined the firm as a fixed-income research generalist and moved to the high-yield research team as an analyst in 2010. The supporting team of dedicated high-yield analysts is sufficient for this mandate, though the group has seen turnover in recent years.
Will AMHYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMHYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AMHYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AMHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.