Invesco Global Real Estate R5
- IGREX
- Price as of: Jan 22, 2021
-
$10.43
N/A N/A
- Primary Theme
- International Real Estate
- Fund Company
- Invesco
- Share Class
IGREX - Snapshot
Vitals
- YTD Return -0.3%
- 3 Yr Annualized Return 0.5%
- 5 Yr Annualized Return 3.2%
- Net Assets $565 M
- Holdings in Top 10 27.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.91%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 60.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
International Real Estate
- Fund Type Open End Mutual Fund
- Investment Style Global Real Estate
IGREX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.23%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Global Real Estate Fund
-
Fund Family NameInvesco
-
Inception DateApr 29, 2005
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMark Blackburn
Fund Description
The fund normally invests 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 invests primarily in real estate investment trusts (REITs) and equity securities (including common and preferred stock, and convertible securities) of domestic and foreign issuers. The fund will provide exposure to investments that are economically tied to at least three different countries, including the U.S.
IGREX - Performance
Return Ranking - Trailing
Period | IGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -1.8% | 2.2% | 73.36% |
1 Yr | -12.1% | -22.5% | 14.7% | 92.49% |
3 Yr | 0.5%* | -4.1% | 10.1% | 84.73% |
5 Yr | 3.2%* | 0.0% | 9.7% | 85.57% |
10 Yr | 5.1%* | 0.3% | 8.7% | 74.66% |
* Annualized
Return Ranking - Calendar
Period | IGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -16.7% | -23.1% | 13.7% | 94.81% |
2019 | 9.8% | 1.0% | 26.5% | 80.00% |
2018 | -15.5% | -27.7% | 73.0% | 88.83% |
2017 | 9.7% | -6.3% | 29.0% | 41.57% |
2016 | -2.2% | -31.0% | 42.6% | 48.48% |
Total Return Ranking - Trailing
Period | IGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -1.6% | 2.2% | 73.36% |
1 Yr | -12.1% | -26.0% | 14.7% | 91.04% |
3 Yr | 0.5%* | -4.3% | 10.1% | 84.24% |
5 Yr | 3.2%* | -0.2% | 9.7% | 81.96% |
10 Yr | 5.1%* | -0.3% | 8.7% | 72.60% |
* Annualized
Total Return Ranking - Calendar
Period | IGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -16.7% | -23.1% | 13.7% | 94.81% |
2019 | 9.8% | 1.0% | 26.5% | 80.00% |
2018 | -14.0% | -27.7% | 76.6% | 92.02% |
2017 | 13.1% | 1.3% | 29.0% | 33.71% |
2016 | 2.1% | -27.8% | 49.1% | 40.00% |
NAV & Total Return History
IGREX - Holdings
Concentration Analysis
IGREX | Category Low | Category High | IGREX % Rank | |
---|---|---|---|---|
Net Assets | 565 M | 506 K | 8.29 B | 37.62% |
Number of Holdings | 126 | 1 | 688 | 23.26% |
Net Assets in Top 10 | 148 M | 378 K | 5.42 B | 38.60% |
Weighting of Top 10 | 27.00% | 15.2% | 100.0% | 77.21% |
Top 10 Holdings
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
- Vonovia SE 4.96%
Asset Allocation
Weighting | Return Low | Return High | IGREX % Rank | |
---|---|---|---|---|
Stocks | 96.41% | 13.60% | 115.26% | 78.60% |
Cash | 2.21% | -0.12% | 9.19% | 23.72% |
Other | 1.38% | -31.02% | 78.71% | 20.93% |
Preferred Stocks | 0.00% | 0.00% | 21.83% | 73.95% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 73.02% |
Bonds | 0.00% | -15.73% | 3.22% | 69.30% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IGREX % Rank | |
---|---|---|---|---|
Real Estate | 99.52% | 68.93% | 100.00% | 29.38% |
Consumer Cyclical | 0.48% | 0.00% | 18.02% | 54.50% |
Utilities | 0.00% | 0.00% | 2.72% | 73.46% |
Technology | 0.00% | 0.00% | 10.61% | 88.15% |
Industrials | 0.00% | 0.00% | 3.48% | 75.83% |
Healthcare | 0.00% | 0.00% | 1.46% | 74.41% |
Financial Services | 0.00% | 0.00% | 9.58% | 76.30% |
Energy | 0.00% | 0.00% | 0.05% | 72.51% |
Communication Services | 0.00% | 0.00% | 2.75% | 84.36% |
Consumer Defense | 0.00% | 0.00% | 0.15% | 72.51% |
Basic Materials | 0.00% | 0.00% | 0.82% | 75.36% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IGREX % Rank | |
---|---|---|---|---|
Non US | 48.30% | 0.00% | 99.23% | 29.77% |
US | 48.11% | 0.00% | 98.38% | 71.63% |
IGREX - Expenses
Operational Fees
IGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.91% | 0.11% | 26.91% | 84.69% |
Management Fee | 0.74% | 0.09% | 1.50% | 28.04% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
IGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
IGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
IGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 60.00% | 0.00% | 313.00% | 50.94% |
IGREX - Distributions
Dividend Yield Analysis
IGREX | Category Low | Category High | IGREX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.33% | 74.42% |
Dividend Distribution Analysis
IGREX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
IGREX | Category Low | Category High | IGREX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.23% | 0.23% | 6.44% | 16.04% |
Capital Gain Distribution Analysis
IGREX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 21, 2019 | $0.058 |
Sep 13, 2018 | $0.111 |
Jun 21, 2018 | $0.074 |
Mar 22, 2018 | $0.046 |
Sep 14, 2017 | $0.048 |
Jun 15, 2017 | $0.048 |
Mar 16, 2017 | $0.050 |
Dec 13, 2016 | $0.350 |
Sep 15, 2016 | $0.065 |
Jun 16, 2016 | $0.065 |
Mar 17, 2016 | $0.055 |
Sep 17, 2015 | $0.056 |
Jun 18, 2015 | $0.057 |
Mar 19, 2015 | $0.057 |
Dec 30, 2014 | $0.183 |
Dec 12, 2014 | $0.056 |
Sep 18, 2014 | $0.056 |
Jun 19, 2014 | $0.057 |
Mar 20, 2014 | $0.073 |
Dec 13, 2013 | $0.113 |
Sep 19, 2013 | $0.082 |
Jun 20, 2013 | $0.072 |
Mar 21, 2013 | $0.041 |
Dec 07, 2012 | $0.320 |
Sep 20, 2012 | $0.069 |
Jun 14, 2012 | $0.069 |
Mar 15, 2012 | $0.042 |
Dec 09, 2011 | $0.054 |
Sep 15, 2011 | $0.059 |
Jun 16, 2011 | $0.059 |
Mar 17, 2011 | $0.044 |
Dec 03, 2010 | $0.364 |
Sep 16, 2010 | $0.044 |
Jun 17, 2010 | $0.044 |
Mar 18, 2010 | $0.038 |
Dec 11, 2009 | $0.214 |
Sep 18, 2009 | $0.035 |
Jun 19, 2009 | $0.029 |
Mar 20, 2009 | $0.022 |
Dec 12, 2008 | $0.040 |
Sep 18, 2008 | $0.049 |
Jun 18, 2008 | $0.074 |
Mar 18, 2008 | $0.062 |
Dec 14, 2007 | $0.643 |
Sep 20, 2007 | $0.178 |
Jun 20, 2007 | $0.067 |
Mar 20, 2007 | $0.044 |
Dec 15, 2006 | $0.197 |
Sep 20, 2006 | $0.212 |
Jun 20, 2006 | $0.064 |
Dec 16, 2005 | $0.080 |
Sep 19, 2005 | $0.060 |
Jun 20, 2005 | $0.029 |
IGREX - Fund Manager Analysis
Managers
Mark Blackburn
Start Date
Tenure
Tenure Rank
Apr 29, 2005
15.68
15.7%
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).
Joe Rodriguez
Start Date
Tenure
Tenure Rank
Apr 29, 2005
15.68
15.7%
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.
Ping-Ying Wang
Start Date
Tenure
Tenure Rank
Nov 17, 2006
14.13
14.1%
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 Curbo
Start Date
Tenure
Tenure Rank
Jan 01, 2007
14.01
14.0%
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.
James Cowen
Start Date
Tenure
Tenure Rank
May 01, 2008
12.68
12.7%
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.
Darin Turner
Start Date
Tenure
Tenure Rank
Apr 30, 2010
10.68
10.7%
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.
Grant Jackson
Start Date
Tenure
Tenure Rank
Jun 28, 2018
2.51
2.5%
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 |
---|---|---|---|
0.01 | 19.01 | 7.25 | 13.26 |