HOUSTON, July 16, 2013 /PRNewswire/ -- Invesco announced today that the Invesco Equity and Income 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 Equity and Income Fund and qualify for the fiduciary relief granted by QDIA. "Having a second fund earn this distinguished recognition in 2013 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 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 billion1 Value Discipline strategies." 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 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. In its report observations, DALBAR considers "the flexible portfolio construction process used for the Invesco Equity and Income Fund to be superior to the rigid asset allocation method used by most balanced funds." 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.