Invesco Multi-Asset Income Fund Class A (PIAFX)

Fund Assets	871.91M
Expense Ratio	0.94%
Min. Investment	$1,000
Turnover	75.00%
Dividend (ttm)	0.52
Dividend Yield	6.25%
Dividend Growth	11.88%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 20, 2026

Previous Close	8.26
YTD Return	6.16%
1-Year Return	10.02%
5-Year Return	15.95%
52-Week Low	7.79
52-Week High	8.31
Beta (5Y)	0.47
Holdings	27
Inception Date	Dec 14, 2011

About PIAFX

The Invesco Multi-Asset Income Fund Class A is an actively managed mutual fund designed to deliver a reliable and attractive income stream by investing across a wide array of income-generating asset classes. Its primary objective is to provide current income, utilizing a diversified portfolio that includes equity income, high yield bonds, investment-grade bonds, U.S. Treasuries, and emerging market debt. The fund stands out by tactically reallocating its holdings on a monthly basis, which allows it to remain adaptive to changing market conditions and maintain a balanced risk profile. Notably, it seeks a yield 2–3% above the U.S. 10-year Treasury bond and commonly distributes income monthly. Managed by Invesco’s Global Asset Allocation team, the fund integrates both strategic and tactical allocations—including the use of exchange-traded funds and derivatives—to align with near-term market environments. It is structured within the moderately conservative allocation category, emphasizing income diversification and preservation of capital, while striving for total returns that exceed the income yield to support long-term purchasing power. The fund plays a significant role for investors seeking diversified income exposure without concentrating in a single sector or asset class.

• Fund Family: Invesco
• Category: Allocation--30% to 50% Equity
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PIAFX
• Share Class: Class A
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

PIAFX had a total return of 10.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.53%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FTIWX	Fidelity	Fidelity Advisor Asset Manager 20% I	0.51%
FTTNX	Fidelity	Fidelity Advisor Asset Manager 30% - Class M	1.02%
FTAWX	Fidelity	Fidelity Advisor Asset Manager 20% A	0.76%
FIKWX	Fidelity	Fidelity Advisor Asset Manager 30% Z	0.47%
FHLSX	Fidelity	Fidelity Health Savings Fund	0.49%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PIFFX	Class R6	0.61%
IPNFX	Class R5	0.61%
PIYFX	Class Y	0.71%
PIRFX	Class R	1.21%

Top 10 Holdings

104.54% of assets

Name	Symbol	Weight
Invesco Core Fixed Income ETF	GTOC	36.31%
Invesco S&P 500 Equal Weight Income Advantage ETF	RSPA	22.99%
Invesco High Yield Systematic Bond ETF	GTOQ	15.88%
Invesco QQQ Income Advantage ETF	QQA	11.43%
Invesco MSCI EAFE Income Advantage ETF	EFAA	9.35%
Lumentum Holdings Inc Lite Us 01/15/27 C700	n/a	1.88%
MSCI Emerging Markets Index Future Sept 26	n/a	1.85%
May 27 Puts On Mxefmxef Us 05/21/27 P1620	n/a	1.80%
iShares JP Morgan USD Emerging Markets Bond ETF	EMB	1.56%
Future on TOPIX	n/a	1.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 20, 2026	$0.0438	Aug 20, 2026
Jul 16, 2026	$0.0437	Jul 16, 2026
Jun 25, 2026	$0.0437	Jun 25, 2026
May 21, 2026	$0.0437	May 21, 2026
Apr 16, 2026	$0.0436	Apr 16, 2026
Mar 26, 2026	$0.0434	Mar 26, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error