Invesco Income Allocation’s yield-driven mandate produces a risky profile; combined with an underwhelming process and a new configuration of portfolio managers, it adds up to a lackluster offering. It receives a Morningstar Analyst Rating of Neutral across all share classes, except for the most expensive C share class, which is rated Negative.
Invesco Income Allocation C CLIAX
NAV / 1-Day Return
11.56
/
0.43
%
Total Assets
545.2 Mil
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.
1.510%
Expense Ratio
1.510%
Fee Level
Below Average
Longest Manager Tenure
7.33
years
Category
Allocation--30% to 50% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
2.46%
Turnover
66%
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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 CLIAX 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 CLIAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CLIAX 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 CLIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Room for improvement.
