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Morningstar

Invesco Multi-Asset Income Y PIYFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
7.83  /  1.03 %
Total Assets
1.2 Bil
Adj. Expense Ratio
0.610%
Expense Ratio
0.610%
Fee Level
Below Average
Longest Manager Tenure
10.97 years
Category
Allocation--30% to 50% Equity
Investment Style
—
Credit Quality / Interest Rate Sensitivity
—
Status
Open
TTM Yield
7.25%
Turnover
53%

USD | NAV as of Dec 01, 2022 | 1-Day Return as of Dec 01, 2022, 10:59 PM GMT+00:00

Morningstar’s Fund Analysis PIYFX

Will PIYFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PIYFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PIYFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PIYFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Instability in strategy, personnel, and performance has been too high here.

Senior Analyst

Summary

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The team at Invesco Multi-Asset Income has seen its workload grow considerably in the past few years, and most of the underlying sleeves in this fund are with different portfolio managers. The investment process has also evolved substantially over the fund’s lifetime but hasn’t ever found a stable, attractive balance of risk and reward. The Morningstar Analyst Ratings remain Neutral for most share classes but Negative for the expensive C shares.

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