Morningstar

Invesco Global Allocation Fund Class R5 GLALX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 22.24  /  −0.22 %
  • Total Assets 1.0B
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 0.730%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Global Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Limited
  • TTM Yield 1.08%
  • Turnover 49%

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:11 AM GMT+0

Morningstar’s Analysis GLALX

Will GLALX outperform in the 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 GLALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GLALX 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 GLALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Invesco Global Allocation sees a long-tenured manager depart.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

The lead portfolio manager of Invesco Global Allocation departed the firm in March 2026, raising concerns about the remaining team’s capacity to manage this hands-on strategy. As a result, the People rating was downgraded to Below Average from Average.

by Vedran Beogradlija
Rated on Published on

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Portfolio Holdings GLALX

More GLALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 103.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Invesco Russell 1000® Dynamic Mltfct ETF

21.05 223M
—

E-mini S&P 500 Future June 26

16.62 176M
—

Invesco Intl Dev Dynmc Mltfctr ETF

16.41 174M
—

United States Treasury Notes 1.875%

9.64 102M
Government

iShares Core MSCI Emerging Markets ETF

7.29 77M
—

Invesco Variable Rate Investment Grd ETF

6.97 74M
—

Invesco Total Return Bond ETF

6.93 73M
—

Invesco Russell 2000® Dynamic Mltfct ETF

6.85 72M
—

10 Year Treasury Note Future Sept 26

6.14 65M
Government

Eur/Usd Cfwd2026617

5.82 62M
Derivative

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