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Morningstar

Invesco Income Allocation R5 ILAAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 10.15  /  0.40 %
  • Total Assets 411.8 Mil
  • Adj. Expense Ratio
    0.110%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Moderately Conservative Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 3.66%
  • Turnover 30%

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:16 PM GMT+0

Morningstar’s Analysis ILAAX

Will ILAAX 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 ILAAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Leadership changes pose challenges for this aggressively income-focused offering.

Analyst Vedran Beogradlija

Vedran Beogradlija

Analyst

Summary

Invesco Income Allocation aggressively prioritizes yield, and a combination of industry-standard process inputs with shifting resources gives pause around its ability to thoughtfully deliver on this aim. In particular, recent leadership adjustments support a downgrade of the People Pillar to Below Average from Average, resulting in a Morningstar Medalist Rating of Negative across all share classes.

by Vedran Beogradlija
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ILAAX

More ILAAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 21
  • % Assets in Top 10 Holdings 78.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Invesco Corporate Bond R6

12.71
54,079,775
—

Invesco Core Plus Bond R6

9.96
42,391,297
—

Invesco High Yield R6

9.94
42,305,371
—

Invesco Multi-Asset Income R6

9.93
42,242,764
—

Invesco 1-30 Laddered Treasury ETF

9.71
41,294,156
—

Invesco Income R6

8.20
34,891,055
—

Invesco Master Loan R6

5.56
23,674,503
—

Invesco S&P 500® High Div Low Vol ETF

4.22
17,940,233
—

Invesco Global Real Estate Income R6

3.99
16,956,822
—

iShares Global Infrastructure ETF

3.96
16,850,920
—