HOUSTON, April 16, 2013 /PRNewswire/ -- Invesco (NYSE: IVZ) announced today that the Invesco Balanced-Risk Allocation Fund has been validated as a Qualified Default Investment Alternative (QDIA) under the Employee Retirement Income Security Act (ERISA) of 1974, according to a detailed review by DALBAR, Inc. (Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-a) Based on evaluations completed by DALBAR, a recognized industry rating agency, retirement plans meeting other ERISA requirements may use the Invesco Balanced-Risk Allocation Fund and qualify for the fiduciary relief granted by QDIA. "This evaluation speaks to Invesco's commitment to a strong investment culture and the quality of our investment teams," said Phil Taylor, Senior Managing Director for Invesco Ltd. and Head of the Americas. "The Invesco Balanced-Risk Allocation Fund has been well-received by financial intermediaries as a compelling way to manage risk for their clients' portfolios and the QDIA seal of approval provides even greater credibility to those who have chosen the fund or considering it for retirement purposes." DALBAR evaluates those 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 manger 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. In its report observations, DALBAR considers the Invesco Balanced-Risk Allocation Fund "an innovative as well as industry leading response to the dual requirement of preserving capital while optimizing appreciation." More detailed findings from DALBAR's evaluation are available at www.DALBAR.com. About Invesco Ltd.Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com. Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.