Summary

• Invesco Income Allocation Fund Class A shares at net asset value delivered a positive return for the first quarter of 2026 and outperformed its style-specific benchmark, the Custom Invesco Income Allocation Index.
• The top driver of absolute and relative performance was exposure to developed non-US equities.
• Relative to the fund's benchmark, fixed income manager selection effects detracted, particularly among international fixed income funds.

Key takeaways

1 Absolute returns were mixed across asset classes.

The fund's (ALAAX) international and emerging market equities funds, along with its US value-oriented equity funds, posted positive absolute returns. Most fixed income funds had negative