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Invesco Select Risk: High Growth Inv Y Overview

Invesco Select Risk: High Growth Inv Y (OYAIX) is an actively managed Allocation Global Aggressive Allocation fund. Invesco launched the fund in 2005.

The investment seeks total return. The fund generally invests between 85% and 100% of its assets in equity funds. It generally invests the remainder of its assets in a flexible combination of fixed-income and alternative funds. Fixed-income funds generally invest in fixed income instruments such as investment-grade debt securities, below-investment-grade high yield securities (or “junk” bonds), government and government-sponsored securities, corporate bonds, securitized products, and inflation-protected debt securities. It is non-diversified.

About Invesco Select Risk: High Growth Inv Y (OYAIX)

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 10% and MSCI ACWI NR USD index with a weighting of 90%. Invesco Select Risk: High Growth Inv Y has 24 securities in its portfolio. The top 10 holdings constitute 90.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Invesco Select Risk: High Growth Inv Y is part of the Allocation global asset class and is within the Allocation fund group. Invesco Select Risk: High Growth Inv Y has 33.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.8%. There is 32.2% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 8.5% (7.2% domestic bond, 1.3% foreign bond and 0.1% convertible bond). Invesco Select Risk: High Growth Inv Y has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $13 million in total assets, which is below the $328 million average for the Global 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.

OYAIX 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 Select Risk: High Growth Inv Y expense ratio is above average compared to funds in the Global Aggressive Allocation category. Invesco Select Risk: High Growth Inv Y has an expense ratio of 0.60%, which is 41% lower than its category average, making the fund expense ratio grade a A. 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 Select Risk: High Growth Inv Y has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 30% for the Global Aggressive Allocation category.

Recently, in the month of July 2026, Invesco Select Risk: High Growth Inv Y returned -0.6%, which earned it a grade of C, as the Global Aggressive Allocation category had an average return of -0.9%. 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 Select Risk: High Growth Inv Y has a trailing yield of 1.34%, which is below the 1.37% 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 Select Risk: High Growth Inv Y Grades

Year to date, the fund has returned 11.9%, 1.4 percentage points better than the category, which translates into a grade of A. The fund has returned 20.6% over the past year (grade of C), 14.0% over the past three years (grade of D) and 6.7% per year over the past five years (grade of F) and 9.4% per year over the past 10 years (grade of F).

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