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IARAX Invesco Real Estate A

  • Fund
  • IARAX
  • Price as of: Aug 08, 2016
  • $25.76
  • + $0.03
  • + 0.12%
  • Category
  • Real Estate

IARAX - Profile

Vitals

  • YTD Return 12.6%
  • 3 Yr Annualized Return 13.2%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $2.31 B
  • Holdings in Top 10 47.2%

52 WEEK LOW AND HIGH

$25.76
$20.35
$27.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 80.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Invesco Real Estate Fund
  • Fund Family Name Invesco
  • Inception Date Dec 31, 1996
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Ping-Ying Wang

IARAX - Performance

Return Ranking - Trailing

Period IARAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.6% -8.5% 15.8% 26.02% 2
1 Yr 18.4% -14.6% 34.3% 57.71% 3
3 Yr 13.2% * 5.6% 17.0% 67.91% 4
5 Yr 11.6% * 6.1% 14.1% 65.82% 4
10 Yr 6.7% * 2.7% 10.5% 54.14% 3

* Annualized


Return Ranking - Calendar

Period IARAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.5% -23.9% 92.3% 85.09% 5
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period IARAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.6% -8.5% 15.8% 27.12% 2
1 Yr 11.9% -19.4% 29.3% 79.45% 4
3 Yr 11.0% * 5.6% 17.0% 81.40% 5
5 Yr 10.4% * 6.1% 14.1% 84.18% 5
10 Yr 6.1% * 2.7% 10.5% 70.17% 4

* Annualized


Total Return Ranking - Calendar

Period IARAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.5% -23.9% 92.3% 85.09% 5
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

IARAX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

IARAX Category Low Category High IARAX % Rank Quintile
Net Assets 2.31 B 3.39 M 67.3 B 6.32% 1
Number of Holdings 55 5 530 11.86% 2
Net Assets in Top 10 1.01 B 711 K 22.5 B 6.32% 1
Weighting of Top 10 47.2% 3.7% 179.8% 13.83% 3

Top 10 Holdings

  1. Simon Property Group Inc 9.33%
  2. AvalonBay Communities Inc 5.92%
  3. American Tower Corp 4.92%
  4. Prologis Inc 3.00%
  5. Boston Properties Inc 3.69%
  6. Public Storage 5.20%
  7. HCP Inc 3.15%
  8. Weyerhaeuser Co 4.24%
  9. Vornado Realty Trust 4.49%
  10. Equinix Inc 3.24%

Asset Allocation

Weighting Category Low Category High IARAX % Rank Quintile
Stocks
97.68% 1.09% 108.08% 17.39% 3
Cash
1.94% -121.66% 74.22% 13.04% 3
Other
0.38% -8.28% 108.20% 10.28% 2
Convertible Bonds
0.00% 0.00% 4.96% 3.16% 4
Preferred Stocks
0.00% 0.00% 41.93% 5.93% 4
Bonds
0.00% 0.00% 118.13% 4.35% 4

Stock Sector Breakdown

Weighting Category Low Category High IARAX % Rank Quintile
Real Estate
82.59% 0.00% 100.26% 26.09% 5
Communication Services
7.85% 0.00% 9.58% 1.19% 1
Basic Materials
4.24% -0.07% 10.11% 2.37% 1
Consumer Cyclical
1.93% 0.00% 31.19% 6.72% 1
Healthcare
1.06% 0.00% 3.63% 1.58% 1
Financial Services
0.00% 0.00% 13.39% 4.74% 4
Energy
0.00% 0.00% 38.67% 2.37% 3
Industrials
0.00% -0.72% 11.94% 4.74% 3
Consumer Defense
0.00% 0.00% 0.89% 1.98% 3
Technology
0.00% 0.00% 5.40% 3.56% 3
Utilities
0.00% 0.00% 16.80% 1.98% 3

Stock Geographic Breakdown

Weighting Category Low Category High IARAX % Rank Quintile
US
97.68% 1.00% 107.43% 15.81% 3
Non US
0.00% 0.00% 43.95% 7.91% 4

IARAX - Expenses

Operational Fees

IARAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.25% 0.10% 11.43% 36.36% 3
Management Fee 0.73% 0.07% 1.31% 9.49% 2
12b-1 Fee 0.25% 0.00% 1.00% 5.26% 2
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

IARAX Fees (% of AUM) Category Low Category High IARAX Rank Quintile
Front Load 5.50% 3.50% 5.75% 4.44% 3
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

IARAX Fees (% of AUM) Category Low Category High IARAX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IARAX Fees (% of AUM) Category Low Category High IARAX Rank Quintile
Turnover 80.00% 2.28% 880.00% 10.67% 4

IARAX - Distributions

Dividend Yield Analysis

IARAX Category Low Category High IARAX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.78% 58.16% 4

Dividend Distribution Analysis

IARAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

IARAX Category Low Category High IARAX % Rank Quintile
Net Income Ratio 1.57% -1.42% 10.00% 27.27% 2

Capital Gain Distribution Analysis

IARAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

IARAX - Managers

Ping-Ying Wang

Manager

Start Date

Jan 01, 2006

Tenure

10.59

Tenure Rank

6.1%

Ms. Wang is an Invesco Senior Director and a Portfolio Manager on the Real Estate Securities Investment Team.Ms. Wang evaluates global real estate companies with a particular focus on Asian and North American countries while managing and performing portfolio risk analysis. In addition to these duties, Ms. Wang formulates investment strategies, spearheads thematic research projects and serves on the Real Estate Securities Management Executive Committee. She holds the Chartered Financial Analyst designation.


Paul S. Curbo

Manager

Start Date

Jan 01, 2007

Tenure

9.59

Tenure Rank

7.9%

Mr. Curbo is an Invesco Senior Director and a member of the Real Estate Securities Portfolio Management and Research Teams. His current duties include work as a Portfolio Manager performing quantitative and fundamental research on real estate securities. Mr. Curbo has been a guest on Bloomberg News and CNBC and has been quoted in several publications including the Wall Street Journal and Barron’s. Mr. Curbo joined Invesco in 1998 and worked for several years in the real estate research group as a Senior Research Analyst. He holds the Chartered Financial Analyst® (CFA®) designation.


Darin Turner

Manager

Start Date

Dec 04, 2009

Tenure

6.66

Tenure Rank

10.9%

Darin Turner is a portfolio manager and member of the Real Estate Securities Portfolio Management and Research Team with Invesco Real Estate. His current duties involve evaluating structured real estate securities with a focus on fi xed-income instruments such as commercial mortgage-backed securities, corporate debt and corporate preferred stock. Mr. Turner also provides tenant and credit quality analysis, capital structure analysis and debt pricing analysis for equity portfolios. Mr. Turner joined Invesco in 2005 as an acquisitions analyst for direct property investments and later serv


Mark D. Blackburn

Manager

Start Date

Apr 03, 2000

Tenure

16.34

Tenure Rank

2.4%

Mr. Blackburn is an Invesco Managing Director and a member of the Real Estate Securities Portfolio Management and Research Teams. His current duties include work as Director of Securities Research and a Portfolio Manager. Prior to joining Invesco in 1998, he worked as an Associate Director of Research focusing on equity securities research and recommendations with a regional brokerage firm. He is a member of the National Association of Real Estate Investment Trusts (NAREIT).


James Cowen

Manager

Start Date

Jun 26, 2015

Tenure

1.1

Tenure Rank

19.9%

James is a portfolio manager at Invesco Real Estate. James began his investment career in 1999 as a financial analyst for Jonathan Edwards Consulting before joining the company in 2001 as a corporate finance associate for the Invesco Real Estate team. He then became a securities analyst in 2004 and was promoted to a portfolio manager for Invesco Global Real Estate Fund in 2008. James earned his M.Phil. in Land Economics from the University of Cambridge and his BA (Hons.) from the University of Manchester.


Joe V. Rodriguez

Lead Manager

Start Date

May 01, 1995

Tenure

21.27

Tenure Rank

0.6%

Rodriguez is a portfolio manager with Invesco Institutional, who has been responsible for the fund since 2007,his employer since 1990. He began his investment career in 1983. He sits on the editorial board for the National Association of Real Estate Investment Trusts and is on the research committee for both the Pension Real Estate Association and the National Council of Real Estate Investment Fiduciaries. Rodriguez holds the Certified Financial Planner designation.


Tenure Analysis

Category Low

0.1

Category High

22.6

Category Average

7.02

Category Mode

1.6