Morningstar

Invesco Multi-Asset Income Fund Class Y PIYFX

Medalist Rating as of Apr 27, 2026 See Invesco Investment Hub

Will PIYFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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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.

A shifting team on this yield-focused fund.

Analyst Stephen Margaria

Stephen Margaria

Analyst

Summary

Invesco Multi-Asset Income’s solid team can weather recent management changes, but the fund’s inconsistent, yield-focused design blunts appreciation potential and dents our confidence.

by Stephen Margaria

Rated on Apr 27, 2026 Published on Apr 27, 2026

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