IARYX: Invesco Real Estate Y

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IARYX Invesco Real Estate Y


Profile

IARYX - Profile

Vitals

  • YTD Return -21.1%
  • 3 Yr Annualized Return -7.0%
  • 5 Yr Annualized Return -7.6%
  • Net Assets $1.94 B
  • Holdings in Top 10 48.3%

52 WEEK LOW AND HIGH

$17.30
$13.52
$24.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

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

Distributions

  • YTD Total Return -21.1%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return -3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Real Estate Fund
  • Fund Family Name
    Invesco
  • Inception Date
    Oct 03, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joe Rodriguez

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of real estate and real estate-related issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. It may also invest in debt securities, including corporate debt obligations and commercial mortgage-backed securities. The fund may invest up to 10% of its net assets in non-investment grade debt securities (commonly known as "junk bonds") of real estate and real estate-related issuers.


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Categories

Fund Company Quick Screens

IARYX - Fund Company Quick Screens


Performance

IARYX - Performance

Return Ranking - Trailing

Period IARYX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.1% -36.4% 5.0% 81.06%
1 Yr -23.7% -54.6% 21.5% 78.33%
3 Yr -7.0%* -23.9% 9.6% 63.52%
5 Yr -7.6%* -23.4% 8.1% 82.23%
10 Yr -0.9%* -8.3% 6.4% 85.16%

* Annualized

Return Ranking - Calendar

Period IARYX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% -22.7% 43.1% 57.42%
2018 -11.8% -44.0% 2.2% 63.64%
2017 2.3% -16.4% 25.4% 36.07%
2016 -9.1% -28.0% 12.5% 90.34%
2015 -13.5% -19.4% 2.4% 91.01%

Total Return Ranking - Trailing

Period IARYX Return Category Return Low Category Return High Rank in Category (%)
YTD -21.1% -36.4% 5.0% 81.06%
1 Yr -23.7% -54.6% 21.5% 78.33%
3 Yr -5.0%* -23.2% 9.6% 71.67%
5 Yr -3.2%* -16.6% 8.1% 75.13%
10 Yr 4.5%* -4.3% 10.5% 73.44%

* Annualized

Total Return Ranking - Calendar

Period IARYX Return Category Return Low Category Return High Rank in Category (%)
2019 17.0% -22.7% 43.1% 57.42%
2018 -10.8% -43.3% 2.2% 73.55%
2017 8.7% -13.6% 31.4% 12.79%
2016 6.1% -12.3% 12.5% 29.95%
2015 -12.8% -15.2% 7.7% 95.77%

NAV & Total Return History


Holdings

IARYX - Holdings

Concentration Analysis

IARYX Category Low Category High IARYX % Rank
Net Assets 1.94 B 1.25 M 55.8 B 20.87%
Number of Holdings 64 21 632 25.09%
Net Assets in Top 10 543 M 621 K 27 B 29.45%
Weighting of Top 10 48.34% 11.0% 79.3% 69.06%

Top 10 Holdings

  1. American Tower Corp 10.88%
  2. Crown Castle International Corp 8.39%
  3. Equinix Inc 5.24%
  4. Boston Properties Inc 4.56%
  5. Invitation Homes Inc 4.12%
  6. UDR Inc 3.79%
  7. Prologis Inc 3.24%
  8. Healthpeak Properties Inc 2.79%
  9. Sun Communities Inc 2.69%
  10. Agree Realty Corp 2.65%

Asset Allocation

Weighting Return Low Return High IARYX % Rank
Stocks
97.55% 2.17% 104.60% 65.45%
Cash
2.42% -169.14% 37.65% 29.09%
Other
0.02% -0.92% 93.58% 23.27%
Preferred Stocks
0.00% 0.00% 47.56% 76.36%
Convertible Bonds
0.00% 0.00% 6.83% 73.09%
Bonds
0.00% -3.82% 153.60% 74.18%

Stock Sector Breakdown

Weighting Return Low Return High IARYX % Rank
Real Estate
100.00% 36.96% 100.00% 31.70%
Utilities
0.00% 0.00% 6.61% 71.70%
Technology
0.00% 0.00% 14.99% 74.72%
Industrials
0.00% 0.00% 9.95% 74.72%
Healthcare
0.00% 0.00% 0.33% 72.08%
Financial Services
0.00% 0.00% 37.05% 76.98%
Energy
0.00% 0.00% 1.84% 70.94%
Communication Services
0.00% 0.00% 3.29% 71.32%
Consumer Defense
0.00% 0.00% 0.24% 70.57%
Consumer Cyclical
0.00% 0.00% 34.25% 83.77%
Basic Materials
0.00% 0.00% 5.57% 70.94%

Stock Geographic Breakdown

Weighting Return Low Return High IARYX % Rank
US
97.55% 2.17% 103.97% 61.45%
Non US
0.00% 0.00% 28.71% 78.91%

Expenses

IARYX - Expenses

Operational Fees

IARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.07% 19.12% 73.18%
Management Fee 0.73% 0.00% 1.67% 38.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

IARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

IARYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 1.54% 257.00% 57.25%

Distributions

IARYX - Distributions

Dividend Yield Analysis

IARYX Category Low Category High IARYX % Rank
Dividend Yield 0.00% 0.00% 7.58% 71.27%

Dividend Distribution Analysis

IARYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

IARYX Category Low Category High IARYX % Rank
Net Income Ratio 1.58% -0.10% 5.67% 55.56%

Capital Gain Distribution Analysis

IARYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IARYX - Fund Manager Analysis

Managers

Joe Rodriguez


Start Date

Tenure

Tenure Rank

May 01, 1995

25.18

25.2%

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.

Mark Blackburn


Start Date

Tenure

Tenure Rank

Apr 03, 2000

20.25

20.3%

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).

Ping-Ying Wang


Start Date

Tenure

Tenure Rank

Jan 01, 2006

14.5

14.5%

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 Curbo


Start Date

Tenure

Tenure Rank

Jan 01, 2007

13.5

13.5%

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


Start Date

Tenure

Tenure Rank

Dec 04, 2009

10.58

10.6%

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.

James Cowen


Start Date

Tenure

Tenure Rank

Jun 26, 2015

5.02

5.0%

Mr. Cowen is a Portfolio Manager with the Invesco Real Estate Global Securities Team. He has 18 years of experience in real estate and has worked for Invesco for 15 years. Prior to joining the team in 2004, he worked in a real estate corporate finance role for Invesco in Europe and as an analyst for a management consulting business based in London. He has a Bachelor and Masters Degree from the University of Manchester and a M.Phil degree from Cambridge University. He is a member of the UK Society of Investment Professionals, UK Securities & Investment Institute and is a UK FSA approved person.

Grant Jackson


Start Date

Tenure

Tenure Rank

Jun 28, 2018

2.01

2.0%

Grant Jackson is a senior director and portfolio manager with Invesco Real Estate’s Global Securities team. Mr. Jackson began his investment career in 2002 and joined Invesco in 2005. Prior to joining Invesco, he worked for PricewaterhouseCoopers Consulting where he was engaged in various technical roles involving data management, database coordination, and application development. Mr. Jackson earned a BS in Mechanical Engineering from the University of Texas at Austin and a MBA from Southern Methodist University’s Cox School of Business. Mr. Jackson is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.51 8.67 0.5