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RGREX Invesco Global Real Estate R

  • Fund
  • RGREX
  • Price as of: May 22, 2019
  • $13.00 - $0.03 - 0.23%
  • Category
  • Global Real Estate

RGREX - Profile

Vitals

  • YTD Return 13.8%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $803 M
  • Holdings in Top 10 20.4%

52 WEEK LOW AND HIGH

$13.00
$11.13
$13.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 13.8%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Invesco Global Real Estate Fund
  • Fund Family Name Invesco
  • Inception Date Apr 29, 2005
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Joe V. Rodriguez

RGREX - Performance

Return Ranking - Trailing

Period RGREX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% 9.7% 16.3% 57.55%
1 Yr -2.0% -9.8% 10.9% 76.26%
3 Yr 0.7%* -10.6% 5.5% 76.64%
5 Yr 0.4%* -6.4% 6.9% 59.85%
10 Yr 6.4%* 0.9% 9.8% 42.70%

* Annualized


Return Ranking - Calendar

Period RGREX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -25.2% -6.4% 82.48%
2017 9.7% -10.0% 23.6% 43.80%
2016 -2.1% -31.0% 42.6% 45.26%
2015 -3.4% -8.7% 0.0% 42.34%
2014 11.2% -6.1% 19.4% 33.59%

Total Return Ranking - Trailing

Period RGREX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% 9.7% 16.3% 57.55%
1 Yr -2.0% -9.8% 14.3% 91.37%
3 Yr 0.7%* -8.3% 10.4% 94.89%
5 Yr 0.4%* -3.0% 10.2% 92.42%
10 Yr 6.4%* 3.3% 15.1% 85.39%

* Annualized


Total Return Ranking - Calendar

Period RGREX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.5% -22.4% -3.1% 95.62%
2017 9.7% -7.1% 27.0% 68.61%
2016 -2.1% -27.8% 49.1% 79.56%
2015 -3.4% -7.7% 2.7% 75.18%
2014 11.2% -1.4% 22.7% 62.60%

NAV & Total Return History

RGREX - Holdings

Concentration Analysis

RGREX Category Low Category High RGREX % Rank
Net Assets 803 M 20.6 M 8.3 B 28.78%
Number of Holdings 214 29 616 6.47%
Net Assets in Top 10 164 M 5.93 M 5.52 B 45.32%
Weighting of Top 10 20.40% 17.0% 67.2% 93.53%

Top 10 Holdings

  1. Prologis Inc 3.26%

  2. Simon Property Group Inc 2.50%

  3. AvalonBay Communities Inc 2.28%

  4. Boston Properties Inc 2.03%

  5. Vonovia SE 1.82%

  6. Ventas Inc 1.79%

  7. CK Asset Holdings Ltd 1.71%

  8. Public Storage 1.68%

  9. Equity Residential 1.67%

  10. Mid-America Apartment Communities Inc 1.66%


Asset Allocation

Weighting Return Low Return High RGREX % Rank
Stocks
98.17% 64.13% 100.01% 58.99%
Cash
0.97% -0.01% 7.66% 40.29%
Other
0.86% -0.06% 4.59% 42.45%
Preferred Stocks
0.00% 0.00% 13.33% 28.06%
Convertible Bonds
0.00% 0.00% 0.00% 26.62%
Bonds
0.00% 0.00% 17.89% 31.65%

Stock Sector Breakdown

Weighting Return Low Return High RGREX % Rank
Real Estate
96.53% 60.63% 98.72% 36.69%
Consumer Cyclical
0.80% 0.00% 8.79% 41.01%
Technology
0.16% 0.00% 7.48% 41.73%
Basic Materials
0.14% 0.00% 2.29% 28.06%
Utilities
0.00% 0.00% 0.88% 28.06%
Industrials
0.00% 0.00% 8.37% 66.91%
Healthcare
0.00% 0.00% 4.32% 31.65%
Financial Services
0.00% 0.00% 2.24% 46.76%
Energy
0.00% 0.00% 0.25% 31.65%
Communication Services
0.00% 0.00% 6.61% 46.76%
Consumer Defense
0.00% 0.00% 0.01% 30.22%

Stock Geographic Breakdown

Weighting Return Low Return High RGREX % Rank
Non US
50.23% 31.47% 98.57% 33.09%
US
47.94% 0.00% 65.02% 65.47%

RGREX - Expenses

Operational Fees

RGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.11% 20.23% 42.45%
Management Fee 0.73% 0.09% 1.11% 22.30%
12b-1 Fee 0.50% 0.00% 1.00% 57.14%
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

RGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

RGREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 3.00% 204.00% 26.62%

RGREX - Distributions

Dividend Yield Analysis

RGREX Category Low Category High RGREX % Rank
Dividend Yield 0.01% 0.00% 0.05% 74.82%

Dividend Distribution Analysis

RGREX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

RGREX Category Low Category High RGREX % Rank
Net Income Ratio 2.01% 0.62% 4.52% 46.04%

Capital Gain Distribution Analysis

RGREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

RGREX - Managers

Joe V. Rodriguez

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2005

14.01

14.0%

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 D. Blackburn

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2005

14.01

14.0%

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

Manager

Start Date

Tenure

Tenure Rank

Nov 17, 2006

12.46

12.5%

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 S. Curbo

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2007

12.33

12.3%

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

Manager

Start Date

Tenure

Tenure Rank

May 01, 2008

11.0

11.0%

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.


Darin Turner

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2010

9.01

9.0%

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

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2018

0.84

0.8%

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

0.12

Category High

20.26

Category Average

8.49

Category Mode

12.67