- ISIN
- US00888Y8628
- Issuer
- Invesco
- Inception Date
- Dec 13, 2011
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PIYFX Performance Chart
Invesco Multi-Asset Income Fund (PIYFX) is up 5.2% since the beginning of the year. PIYFX is currently trading at $8 per share. Investors who bought $1,000 worth of PIYFX shares 5 years ago would now be looking at an investment worth $1,174.
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Returns By Period
Invesco Multi-Asset Income Fund (PIYFX) has returned 5.21% so far this year and 13.25% over the past 12 months. Over the last ten years, PIYFX has returned 4.09% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Multi-Asset Income Fund
- 1D
- 0.61%
- 1M
- 1.59%
- YTD
- 5.21%
- 6M
- 5.08%
- 1Y
- 13.25%
- 3Y*
- 9.08%
- 5Y*
- 3.26%
- 10Y*
- 4.09%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PIYFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 14, 2011, PIYFX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Mar 2020 at -14.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PIYFX closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +4.9%, while the worst single day was Mar 18, 2020 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.54% | 1.77% | -4.16% | 3.35% | 2.16% | 0.61% | 5.21% | ||||||
| 2025 | 1.67% | 1.14% | -1.39% | -0.50% | 1.43% | 2.60% | 0.15% | 1.54% | 1.90% | 0.77% | 0.69% | 0.43% | 10.87% |
| 2024 | 0.33% | 1.36% | 1.32% | -2.10% | 1.99% | 0.65% | 1.93% | 1.41% | 2.11% | -1.64% | 2.02% | -2.50% | 6.92% |
| 2023 | 4.69% | -1.71% | 1.12% | 1.50% | -0.82% | 2.16% | 1.23% | -1.18% | -2.63% | -2.19% | 5.19% | 3.39% | 10.87% |
| 2022 | -2.27% | -2.34% | 0.00% | -6.15% | -0.02% | -4.54% | 4.29% | -3.20% | -6.05% | 0.20% | 4.08% | -1.76% | -16.93% |
| 2021 | -0.52% | -0.32% | 1.15% | 1.66% | 0.93% | 1.33% | 0.41% | 0.52% | -1.01% | 1.04% | -1.54% | 2.42% | 6.17% |
Benchmark Metrics
Invesco Multi-Asset Income Fund has an annualized alpha of 0.92%, beta of 0.29, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since December 14, 2011.
- This fund participated in 50.94% of S&P 500 Index downside but only 37.15% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 may look defensive, but with R2 of 0.41 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.41 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.92%
- Beta
- 0.29
- R²
- 0.41
- Upside Capture
- 37.15%
- Downside Capture
- 50.94%
Expense Ratio
PIYFX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PIYFX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Multi-Asset Income Fund (PIYFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIYFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 10.42 | 12.44 | -2.02 |
Dividends
Dividend History
Invesco Multi-Asset Income Fund provided a 6.31% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.50 | $0.54 | $0.55 | $0.56 | $0.60 | $0.59 | $0.56 | $0.56 | $0.64 | $0.52 | $0.52 |
Dividend yield | 6.31% | 6.14% | 6.90% | 7.07% | 7.35% | 6.21% | 6.04% | 5.13% | 5.74% | 5.82% | 4.94% | 5.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Multi-Asset Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2024 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.04 | $0.04 | $0.04 | $0.54 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.56 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Multi-Asset Income 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 Multi-Asset Income Fund was 30.39%, occurring on Mar 23, 2020. Recovery took 411 trading sessions.
The current Invesco Multi-Asset Income Fund drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.39%Mar 2020 | 1mo 9d | 1y 7mo | 1y 8moFeb 2020 - Nov 2021 |
Bear market2022 | -20.01%Oct 2022 | 11mo 14d | 1y 11mo | 2y 10moNov 2021 - Sep 2024 |
2013 correction2013 | -11.23%Aug 2013 | 3mo 20d | 8mo 27d | 1y 12dMay 2013 - May 2014 |
2016 pullback2016 | -9.42%Jan 2016 | 8mo 27d | 2mo 29d | 11mo 26dApr 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -7.82%Dec 2018 | 3mo 28d | 2mo 18d | 6mo 16dAug 2018 - Mar 2019 |
Drawdown Indicators
| PIYFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -56.78% | +26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -9.10% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | -18.90% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -25.43% | +5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -30.39% | -33.92% | +3.53% |
Current DrawdownCurrent decline from peak | -0.12% | -1.80% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -10.71% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 2.03% | -0.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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