IOREX: Invesco Oppenheimer Real Estate Fund

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IOREX Invesco Oppenheimer Real Estate Fund


Profile

IOREX - Profile

Vitals

  • YTD Return 7.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $969 M
  • Holdings in Top 10 53.4%

52 WEEK LOW AND HIGH

$28.75
$25.58
$28.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Invesco Oppenheimer Real Estate Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Grant Jackson

Fund Description

The fund invests at least 80% of its net assets (including borrowings for investment purposes) in common stocks and other equity securities of real estate companies, and in derivatives and other instruments that have economic characteristics similar to such securities. The advisor considers a real estate company to be one that derives at least 50% of its revenues from, or invests at least 50% of its assets in, the ownership, construction, financing, management or sale of commercial, industrial or residential real estate. The fund is non-diversified.


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Categories

IOREX - Mutual Fund Categories


Fund Company Quick Screens

IOREX - Fund Company Quick Screens


Performance

IOREX - Performance

Return Ranking - Trailing

Period IOREX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -0.3% 11.1% 19.34%
1 Yr N/A -25.8% 38.3% 8.99%
3 Yr N/A* -16.0% 13.7% 18.38%
5 Yr N/A* -15.2% 9.4% 14.98%
10 Yr N/A* -3.4% 13.6% 13.14%

* Annualized

Return Ranking - Calendar

Period IOREX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -22.7% 43.1% N/A
2018 N/A -44.0% 2.2% N/A
2017 N/A -16.4% 25.4% N/A
2016 N/A -28.0% 12.5% N/A
2015 N/A -19.4% 2.4% N/A

Total Return Ranking - Trailing

Period IOREX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -0.3% 11.1% 19.34%
1 Yr N/A -25.8% 38.3% 7.12%
3 Yr N/A* -15.4% 13.7% 27.35%
5 Yr N/A* -12.8% 9.4% 19.32%
10 Yr N/A* -1.3% 13.6% 30.66%

* Annualized

Total Return Ranking - Calendar

Period IOREX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -22.7% 43.1% N/A
2018 N/A -43.3% 3.3% N/A
2017 N/A -13.6% 31.4% N/A
2016 N/A -12.3% 12.5% N/A
2015 N/A -15.2% 7.7% N/A

NAV & Total Return History


Holdings

IOREX - Holdings

Concentration Analysis

IOREX Category Low Category High IOREX % Rank
Net Assets 969 M 2.13 M 71.3 B 34.25%
Number of Holdings 30 20 711 96.30%
Net Assets in Top 10 508 M 963 K 29.2 B 29.63%
Weighting of Top 10 53.37% 10.9% 145.8% 14.44%

Top 10 Holdings

  1. Equinix Inc 8.29%
  2. Prologis Inc 6.95%
  3. Equity Residential 6.20%
  4. Welltower Inc 5.62%
  5. Mid-America Apartment Communities Inc 5.26%
  6. AvalonBay Communities Inc 4.85%
  7. Boston Properties Inc 4.59%
  8. Kilroy Realty Corp 4.10%
  9. Invitation Homes Inc 3.81%
  10. VICI Properties Inc Ordinary Shares 3.70%

Asset Allocation

Weighting Return Low Return High IOREX % Rank
Stocks
98.98% 6.42% 124.18% 44.73%
Cash
1.02% -106.75% 19.21% 44.81%
Preferred Stocks
0.00% 0.00% 47.46% 60.00%
Other
0.00% -2.97% 91.23% 58.52%
Convertible Bonds
0.00% 0.00% 6.51% 55.93%
Bonds
0.00% -0.38% 97.77% 57.82%

Stock Sector Breakdown

Weighting Return Low Return High IOREX % Rank
Real Estate
100.00% 38.43% 100.00% 17.18%
Utilities
0.00% 0.00% 6.28% 54.20%
Technology
0.00% 0.00% 15.26% 67.94%
Industrials
0.00% 0.00% 10.92% 56.87%
Healthcare
0.00% 0.00% 4.80% 53.44%
Financial Services
0.00% 0.00% 7.44% 61.45%
Energy
0.00% 0.00% 3.80% 53.82%
Communication Services
0.00% 0.00% 9.00% 54.20%
Consumer Defense
0.00% 0.00% 0.25% 53.44%
Consumer Cyclical
0.00% 0.00% 33.77% 70.61%
Basic Materials
0.00% 0.00% 5.72% 54.20%

Stock Geographic Breakdown

Weighting Return Low Return High IOREX % Rank
US
98.98% 6.42% 124.18% 41.11%
Non US
0.00% 0.00% 33.73% 61.85%

Expenses

IOREX - Expenses

Operational Fees

IOREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.07% 5.98% N/A
Management Fee 0.88% 0.00% 1.50% 77.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

IOREX 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

IOREX 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.

IOREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 3.00% 877.00% 71.70%

Distributions

IOREX - Distributions

Dividend Yield Analysis

IOREX Category Low Category High IOREX % Rank
Dividend Yield 0.31% 0.00% 6.00% 54.38%

Dividend Distribution Analysis

IOREX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

IOREX Category Low Category High IOREX % Rank
Net Income Ratio N/A -0.10% 5.67% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IOREX - Fund Manager Analysis

Managers

Grant Jackson


Start Date

Tenure

Tenure Rank

Nov 18, 2019

0.2

0.2%

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.

Ping-Ying Wang


Start Date

Tenure

Tenure Rank

Nov 18, 2019

0.2

0.2%

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

Nov 18, 2019

0.2

0.2%

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

Nov 18, 2019

0.2

0.2%

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.

Joe Rodriguez


Start Date

Tenure

Tenure Rank

Nov 18, 2019

0.2

0.2%

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

Nov 18, 2019

0.2

0.2%

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


Start Date

Tenure

Tenure Rank

Nov 18, 2019

0.2

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.09 7.96 0.2