A series of recent manager retirements has altered the Invesco Balanced-Risk Allocation team’s composition. While the broader platform remains intact, the loss of several long-tenured decision-makers reduces the depth of experience underpinning the strategy. As a result, we downgrade the People Pillar rating to Average from Above Average.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABRZX’s performance objective and investment process is for both security selection and portfolio construction.
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