About ALAAX
Invesco Income Allocation Fund Class A is a mutual fund that operates as a fund of funds, seeking a high level of current income with a secondary objective of capital growth. It strategically allocates 60%-70% of its assets to underlying funds focused primarily on fixed-income securities, including investment-grade bonds, high-yield debt, mortgage- and asset-backed securities, bank loans, and collateralized loan obligations, while directing 30%-40% to underlying funds investing mainly in equity securities such as large-cap stocks, value stocks, international equities, emerging markets, and REITs. This moderately conservative allocation approach emphasizes income generation through monthly distributions derived from dividends, interest, and other yields from its diverse portfolio of underlying Invesco ETFs and mutual funds. The fund provides investors with diversified exposure across bond and equity asset classes, balancing income potential with moderate growth opportunities in a single share class suitable for taxable accounts. Managed by a team including portfolio managers Jeffrey Bennett and Alessio De Longis, it targets investors prioritizing steady income streams within a balanced risk framework.
Fund Family Invesco
Category Allocation--30% to 50% Equity
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol ALAAX
Share Class Class A
Index S&P 500 TR
ALAAX had a total return of 10.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.98%.
