Invesco Income Allocation Fund (ALAAX)

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Invesco Income Allocation Fund (ALAAX) is up 4.8% since the beginning of the year. ALAAX is currently trading at $12 per share. Investors who bought $1,000 worth of ALAAX shares 5 years ago would now be looking at an investment worth $1,191.

Invesco Income Allocation Fund (ALAAX) has returned 4.82% so far this year and 13.34% over the past 12 months. Over the last ten years, ALAAX has returned 4.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.

Based on dividend-adjusted daily data since Jan 3, 2006, ALAAX's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +5.4%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ALAAX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +4.0%, while the worst single day was Mar 18, 2020 at -6.8%.

Invesco Income Allocation Fund has an annualized alpha of 1.99%, beta of 0.29, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since January 04, 2006.

• This fund participated in 46.44% of S&P 500 Index downside but only 41.17% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.29 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

ALAAX has an expense ratio of 0.37%, placing it in the medium range.

ALAAX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Invesco Income Allocation Fund (ALAAX) and compare them to S&P 500 Index.

Invesco Income Allocation Fund provided a 4.10% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Invesco Income Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Income Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Income Allocation Fund was 28.28%, occurring on Mar 9, 2009. Recovery took 276 trading sessions.

The current Invesco Income Allocation Fund drawdown is 0.09%.

The chart below shows the rolling one-month volatility.