An evaluation by rating agency DALBAR determined the fund is a QDIA under the Employee Retirement Income Security Act (ERISA). Retirement plans meeting ERISA requirements may now use the Invesco Equity and Income Fund and qualify for the fiduciary relief granted by QDIA regulations.
“The Invesco Equity and Income Fund offers investors another compelling retirement option through a strategically balanced portfolio of asset classes and represents one of six distinct strategies within Invesco’s $58 billion Value Discipline strategies,” said Phil Taylor, senior managing director for Invesco Ltd.
DALBAR, Inc. evaluates aspects of ERISA Section 404(c)(5) that can reasonably be met by practices, procedures and obligations of investment managers, including the applicability of the investment to one or more types of QDIA, qualification of the manager and the investment under QDIA requirements, as well as the reasonableness of the investment with respect to fees, performance and use of generally acceptable investment theory.
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