Toronto-based Invesco Canada announced a change to the risk ratings on three of its funds on Friday.

Effective today, the risk rating of Invesco Intactive 2023 Portfolio, Invesco Intactive Diversified Income Portfolio and Invesco Intactive Diversified Income Portfolio Class will change from “low to medium” to “low.”

The updated risk ratings provide investors with a more accurate description of the risk profiles they can expect from these three investment options, Invesco Canada says.

The new risk ratings do not reflect any changes to the investment objectives, investment strategies or management of these funds, the company adds.