Fund Evaluator:
Invesco Active Allocation Y (OAAYX)
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Best Performing in Global Moderately Aggressive Allocation Over the Last Year
| 21.6% | TOPS® Moderately Aggressive ETF 2 () |
| 21.4% | Victory Cornerstone Aggressive (UCAGX) |
| 19.9% | Fidelity Advisor Asset Manager 70% Z (FIQBX) |
| 19.8% | Fidelity Asset Manager 70% (FASGX) |
| 19.8% | Fidelity Multi-Asset Index (FFNOX) |
Fund Details
Invesco Active Allocation Y Overview
Invesco Active Allocation Y (OAAYX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. Invesco launched the fund in 2005.
The investment seeks total return. The fund generally invests between 70% and 85% of its assets in equity funds. Such funds invest in equity securities of domestic and foreign companies, including small, medium and large market capitalization companies, and growth and value stocks.
About Invesco Active Allocation Y (OAAYX)
There are 2 members of the management team with an average tenure of 5.89 years: Jeffrey Bennett (2018), Scott Hixon (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100%, Bloomberg Global Aggregate TR Hdg USD index with a weighting of 20% and MSCI ACWI NR USD index with a weighting of 80%. Invesco Active Allocation Y has 79 securities in its portfolio. The top 10 holdings constitute 82.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Active Allocation Y is part of the Allocation global asset class and is within the Allocation fund group. Invesco Active Allocation Y has 29.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.7%. There is 26.4% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 19.9% (17.2% domestic bond, 2.7% foreign bond and 0.1% convertible bond). Invesco Active Allocation Y has -1.4% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $1 billion average for the Global Moderately Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OAAYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Active Allocation Y expense ratio is above average compared to funds in the Global Moderately Aggressive Allocation category. Invesco Active Allocation Y has an expense ratio of 0.69%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Active Allocation Y has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.
Recently, in the month of July 2026, Invesco Active Allocation Y returned -0.7%, which earned it a grade of D, as the Global Moderately Aggressive Allocation category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco Active Allocation Y has a trailing yield of 1.61%, which is below the 1.98% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Active Allocation Y Grades
Year to date, the fund has returned 10.4%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 18.4% over the past year (grade of B), 12.9% over the past three years (grade of D) and 5.9% per year over the past five years (grade of F) and 8.5% per year over the past 10 years (grade of D).
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OAAYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OAAYX Return (NAV) | -0.7% | 3.4% | 18.4% | 12.9% | 5.9% | 8.5% |
| OAAYX Grade | D | B | B | D | F | D |
| +/- Category | -0.8% | 0.6% | 0.0% | -1.1% | -1.9% | -0.4% |
| Global Moderately Aggressive Allocation Avg | 0.2% | 2.9% | 18.4% | 14.0% | 7.8% | 8.9% |
| OAAYX Tax Cost Ratio | na | na | 1.7% | 1.5% | 1.8% | 1.6% |
OAAYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OAAYX Return (NAV) | 10.4% | 15.8% | 10.0% | 13.9% | -19.2% | 14.2% | 13.2% | 23.6% | -9.4% | 19.6% | 4.6% |
| OAAYX Grade | B | D | D | D | F | D | C | B | F | A | F |
| +/- Category | 0.5% | -2.1% | -1.2% | -0.3% | -4.9% | -1.2% | 2.5% | 2.8% | -1.5% | 2.9% | -3.0% |
| Global Moderately Aggressive Allocation Avg | 9.8% | 17.8% | 11.2% | 14.2% | -14.3% | 15.4% | 10.8% | 20.9% | -7.9% | 16.7% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 11.0% |
| Total Risk Index: | 0.89 - Average |
| Category Risk Index: | 1.04 - High |
| Category Risk Grade: | F (81% Rank) |
| Beta: | 1.13 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2065 Mil |
| Fund Total Assets: | $ 27 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 32% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.4 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Bennett Jeffrey (2018), Hixon Scott (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 79 |
| % in Top 10 Holdings: | 82.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.1% |
Portfolio Allocation |
|
| Domestic Stock: | 54.7% |
| Foreign Stock: | 26.4% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 17.2% |
| Foreign Bond: | 2.7% |
| Convertible Bond: | 0.1% |
| Other: | 0.2% |
| Cash: | -1.4% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com/us |
| Status: | Open |
| Inception Date: | April 5, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.00% |
| Share Class: | Invesco Active Allocation Y |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
