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.
Invesco Multi-Asset Income Y PIYFX
NAV / 1-Day Return
8.10
/
0.50
%
Total Assets
1.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.610%
Expense Ratio
0.610%
Fee Level
Below Average
Longest Manager Tenure
10.55
years
Category
Allocation--30% to 50% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
7.35%
Turnover
53%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
