IIASX — Invesco Income Allocation Fund
Data updated: 2026-08-25
IIASX — Invesco Income Allocation Fund. United States Multi-Cap / All-Cap Value Equity · $320.84M AUM. Holdings, fees, performance and SEC filings.
IIASX Fund Overview
IIASX — Invesco Income Allocation Fund is a US mutual fund managed by Aim Growth Series (invesco Growth Series), categorised as United States Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Growth Series (invesco Growth Series)
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $320.84M
- 1-year return: 11.6%
- Ticker: IIASX
- SEC CIK: 0000202032
- SEC series ID: S000010731
- Share class ID: C000188961
IIASX Investment Objective and Strategy
Invesco Income Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Growth Series (invesco Growth Series).
Investment objective
The Fund's investment objective is current income and,
Principal investment strategy
The Fund is a fund of funds, and may invest its assets in underlying open-end and closed-end funds (including unlisted interval funds) advised by Invesco Advisers, Inc. (Invesco or the Adviser), including exchange-traded funds (ETFs), and other pooled investment vehicles advised by Invesco Capital Management LLC (Invesco Capital), or underlying open-end and closed-end funds, including ETFs, and other pooled investment vehicles advised by unaffiliated advisers (the underlying funds). Invesco and Invesco Capital are affiliates of each other as they are both indirect wholly-owned subsidiaries of Invesco Ltd. The Fund invests its assets in a selection of underlying funds which invest primarily in international or domestic equities and fixed-income securities. The Funds target allocation is to invest 60%-70% of its total assets in underlying funds that invest primarily in fixed-income securities and 30%-40% of its total assets in underlying funds that invest primarily in equity securities, which may include real estate investment trusts (REITs).
The Fund primarily invests in affiliated funds advised by Invesco and Invesco Capital, but may invest in unaffiliated funds when the Adviser determines such investment is desirable. The Adviser uses a three-step process to create the Fund's portfolio including: (1) determining strategic return drivers among broad asset classes; (2) the actual selection by the Adviser of underlying funds to represent the broad asset classes and the determination by the Adviser of target weightings in these underlying funds; in the case where there are multiple funds in a broad asset class, the Adviser attempts to balance the amount of active risk contributed by each underlying fund in order to determine the allocation; and (3) the ongoing monitoring of the Fund's asset class allocations, underlying funds and target weightings in the underlying funds.
The Adviser rebalances the Funds investments in the underlying funds on a periodic basis to keep them at their target weightings. Although the Adviser has the ability to rebalance on a more frequent basis if it believes it is appropriate to do so, the Funds asset class weightings may not match the above percentage weightings during a quarter due to market fluctuations, cash flows and other factors. The Adviser may change the Funds asset class allocations, the underlying funds or the target weightings in the underlying funds without notice to, or approval by, shareholders.
IIASX Holdings
Top 10 holdings of Invesco Income Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Invesco Core Bond Fund | 24.80% |
| Invesco Core Plus Bond Fund | 23.86% |
| Invesco MSCI USA ETF | 6.73% |
| Invesco Variable Rate Investment Grade ETF | 5.88% |
| Invesco RAFI Developed Markets ex-U.S. ETF | 5.40% |
| Invesco QQQ Income Advantage ETF | 5.04% |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 5.03% |
| Invesco S&P 500 Pure Value ETF | 4.18% |
| Invesco Dividend Income Fund | 3.98% |
| Invesco International Bond Fund | 2.94% |
IIASX Portfolio Allocation
Asset-class allocation of Invesco Income Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 1.1% |
IIASX Performance
Total returns for IIASX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.2% |
| 1 year | 11.6% |
| 3 years (annualised) | 9.3% |
| 5 years (annualised) | 4.0% |
IIASX Risk Information
Risk metrics for IIASX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.2%
IIASX Costs and Fees
IIASX costs about $48 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.48%
- Gross expense ratio: 0.48%
- Portfolio turnover: 5%
- Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)
IIASX Cashflows
Over the 12 months to 2026-06, Invesco Income Allocation Fund had net outflows of $23.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.64M |
| 2026-05 | −$3.08M |
| 2026-04 | −$1.57M |
| 2026-03 | −$1.41M |
| 2026-02 | $620.81K |
| 2026-01 | −$3.02M |
IIASX Debt Constituents
No individual debt constituents are reported in Invesco Income Allocation Fund's latest SEC N-PORT filing.
IIASX Prospectus and SEC Filings
Official Invesco Income Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-29
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Multi-Cap / All-Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.