PIRFX: Invesco Multi-Asset Income R

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PIRFX Invesco Multi-Asset Income R


Profile

PIRFX - Profile

Vitals

  • YTD Return -21.4%
  • 3 Yr Annualized Return -7.4%
  • 5 Yr Annualized Return -4.0%
  • Net Assets $834 M
  • Holdings in Top 10 33.5%

52 WEEK LOW AND HIGH

$8.54
$7.54
$10.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.22%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -21.4%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return -4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.96%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Multi-Asset Income Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Dec 14, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christian Ulrich

Fund Description

The fund actively allocates assets across multiple income producing asset classes and strategies. The Adviser's Global Asset Allocation (GAA) Team employs risk balancing strategies to manage interest rate, equity and credit risk to seek to create a balanced risk profile for the fund. The GAA Team implements the fund's investment strategy and tactically adjusts the fund's portfolio through direct investments, including derivative and hybrid derivative-type instruments, as well as through affiliated and unaffiliated open-end investment companies, including ETFs, and closed-end investment companies.


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Categories

Fund Company Quick Screens

PIRFX - Fund Company Quick Screens


Performance

PIRFX - Performance

Return Ranking - Trailing

Period PIRFX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.4% -39.2% 7.9% 93.21%
1 Yr -19.3% -41.7% 22.6% 88.48%
3 Yr -7.4%* -19.0% 10.6% 85.12%
5 Yr -4.0%* -15.3% 6.9% 70.40%
10 Yr N/A* -5.7% 8.0% N/A

* Annualized

Return Ranking - Calendar

Period PIRFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -5.5% 25.7% 56.32%
2018 -10.1% -32.7% 10.9% 36.23%
2017 4.7% -3.7% 19.3% 72.11%
2016 7.1% -43.7% 16.1% 7.82%
2015 -5.0% -19.4% 6.0% 28.68%

Total Return Ranking - Trailing

Period PIRFX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.4% -39.2% 7.9% 93.21%
1 Yr -19.3% -41.7% 22.6% 88.48%
3 Yr -7.4%* -19.0% 10.6% 93.95%
5 Yr -4.0%* -15.3% 6.9% 87.82%
10 Yr N/A* -5.7% 8.5% N/A

* Annualized

Total Return Ranking - Calendar

Period PIRFX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -5.5% 25.7% 57.96%
2018 -10.1% -32.7% 10.9% 66.79%
2017 4.7% -3.7% 22.1% 90.01%
2016 7.1% -43.7% 20.7% 23.85%
2015 -5.0% -16.4% 8.0% 69.58%

NAV & Total Return History


Holdings

PIRFX - Holdings

Concentration Analysis

PIRFX Category Low Category High PIRFX % Rank
Net Assets 834 M 3.96 M 108 B 49.77%
Number of Holdings 773 4 4602 24.29%
Net Assets in Top 10 282 M -11.7 B 23 B 55.76%
Weighting of Top 10 33.48% 4.9% 100.0% 71.93%

Top 10 Holdings

  1. United States Treasury Bonds 4.25% 6.68%
  2. TOPIX Future Mar20 6.00%
  3. FTSE 100 Index Future Mar20 4.96%
  4. Euro Stoxx 50 Mar20 4.37%
  5. E-mini S&P 500 Future Mar20 3.88%
  6. E-mini Russell 2000 Index Future Mar20 3.36%
  7. Vanguard Real Estate ETF 2.87%
  8. Alerian MLP ETF 0.57%
  9. Trswap: Ibxxlltr Index 0.48%
  10. Sprint Corporation 7.88% 0.32%

Asset Allocation

Weighting Return Low Return High PIRFX % Rank
Bonds
50.03% -1244.78% 179.84% 21.32%
Stocks
25.95% 0.00% 80.06% 88.37%
Preferred Stocks
20.34% 0.00% 33.71% 0.57%
Cash
2.87% -106.59% 1319.41% 72.98%
Other
0.71% -7.95% 62.97% 31.13%
Convertible Bonds
0.10% 0.00% 71.52% 87.12%

Stock Sector Breakdown

Weighting Return Low Return High PIRFX % Rank
Real Estate
35.62% 0.00% 90.44% 3.67%
Energy
10.78% 0.00% 41.94% 8.03%
Financial Services
10.59% 0.00% 34.95% 88.19%
Technology
7.25% 0.00% 36.56% 90.71%
Consumer Defense
7.02% 0.00% 22.18% 56.65%
Consumer Cyclical
6.94% 0.00% 25.82% 85.67%
Healthcare
6.73% 0.00% 34.26% 89.45%
Industrials
6.19% 0.00% 21.59% 96.22%
Basic Materials
4.25% 0.00% 15.68% 36.35%
Utilities
2.44% 0.00% 71.13% 85.55%
Communication Services
2.19% 0.00% 38.92% 95.07%

Stock Geographic Breakdown

Weighting Return Low Return High PIRFX % Rank
Non US
18.54% -1.59% 36.97% 56.78%
US
7.41% -5.64% 61.27% 95.67%

Bond Sector Breakdown

Weighting Return Low Return High PIRFX % Rank
Corporate
47.33% 0.00% 97.52% 12.43%
Cash & Equivalents
27.74% -3.64% 100.00% 14.94%
Government
24.48% 0.00% 86.03% 60.78%
Securitized
0.36% 0.00% 64.61% 89.85%
Derivative
0.08% -0.04% 56.25% 50.97%
Municipal
0.00% 0.00% 36.89% 83.24%

Bond Geographic Breakdown

Weighting Return Low Return High PIRFX % Rank
US
35.38% -1276.32% 97.03% 30.90%
Non US
14.65% -273.52% 82.81% 11.06%

Expenses

PIRFX - Expenses

Operational Fees

PIRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 22.24% 31.90%
Management Fee 0.49% 0.00% 1.90% 68.53%
12b-1 Fee 0.50% 0.00% 1.00% 62.50%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PIRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PIRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PIRFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 0.00% 447.00% 79.25%

Distributions

PIRFX - Distributions

Dividend Yield Analysis

PIRFX Category Low Category High PIRFX % Rank
Dividend Yield 0.00% 0.00% 13.58% 50.51%

Dividend Distribution Analysis

PIRFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Quarterly

Net Income Ratio Analysis

PIRFX Category Low Category High PIRFX % Rank
Net Income Ratio 4.96% -0.95% 6.49% 2.30%

Capital Gain Distribution Analysis

PIRFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PIRFX - Fund Manager Analysis

Managers

Christian Ulrich


Start Date

Tenure

Tenure Rank

Dec 14, 2011

8.22

8.2%

Christian currently serves as a Portfolio Manager for the IGAA team. Christian joined Invesco in 2000 and the Global Asset Allocation team in 2009. Prior to affiliating as a Portfolio manager with IGAA team, Christian served as a client portfolio manager for Invesco Global Asset Management. Christian began his investment career in 1987 and was with Credit Suisse Group AG where he had assignments in Zurich, New York and London.Christian graduated from the KV Zurich Business School in Zurich, Switzerland, and holds the CFA designation.

Mark Ahnrud


Start Date

Tenure

Tenure Rank

Dec 14, 2011

8.22

8.2%

Mark currently serves as a Portfolio Manager for Invesco's Global Asset Allocation team. Mark joined Invesco in 2000 and the Global Asset Allocation team in 2002. Mark began his investment career in 1985 and was a fixed income portfolio manager with Bank of America prior to joining Invesco. Mark received his BS in Finance and Investments from Babson College. He received his MBA from the Fuqua School of Business at Duke University with a concentration in Finance and Real Estate Investment. Mark holds the Chartered Financial Analyst designation.

Scott Wolle


Start Date

Tenure

Tenure Rank

Dec 14, 2011

8.22

8.2%

Scott Wolle is a portfolio manager and chief investment officer (CIO) of Invesco Global Asset Allocation. Mr. Wolle joined Invesco in 1999 and became affiliated with the Global Asset Allocation team in 2000. He began his investment management career in 1991 and was with Bank of America prior to joining Invesco. Mr. Wolle earned a Bachelor of Science in finance from Virginia Polytechnic Institute and State University, graduating magna cum laude. He earned a MBA from the Fuqua School of Business at Duke University where he earned the distinction of Fuqua Scholar. He is a CFA charterholder.

Chris Devine


Start Date

Tenure

Tenure Rank

Dec 14, 2011

8.22

8.2%

Chris Devine joined Invesco in 1998 and became affiliated with the Global Asset Allocation team in January 2003. He is responsible for portfolio construction, risk management, trading and derivative management. He began his investment management career in 1996 and was with The Robinson-Humphrey Co. prior to joining Invesco. Mr. Devine earned a Bachelor of Arts degree in economics from Wake Forest University and a Master of Business Administration degree from the University of Georgia. He is a CFA charterholder.

Scott Hixon


Start Date

Tenure

Tenure Rank

Dec 14, 2011

8.22

8.2%

Scott Hixon joined Invesco in 1994 and became affiliated with the Global Asset Allocation team in 1997. He is responsible for the fundamental research, quantitative modeling and portfolio investment decisions for asset classes and currencies. Mr. Hixon began his investment management career in 1992 and was with SunTrust Bank prior to joining Invesco. He earned a Bachelor of Business Administration in finance, graduating magna cum laude from Georgia Southern University. He earned an M.B.A. in finance from Georgia State University. Mr. Hixon is a CFA charterholder.

Peter Hubbard


Start Date

Tenure

Tenure Rank

Aug 15, 2017

2.54

2.5%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

John Burrrello


Start Date

Tenure

Tenure Rank

Feb 12, 2020

0.05

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 28.18 5.94 0.16