GLOBAL REAL ESTATE FUND
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.4%
1 yr return
18.5%
3 Yr Avg Return
-3.5%
5 Yr Avg Return
-2.0%
Net Assets
$350 M
Holdings in Top 10
36.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VGREX - Profile
Distributions
- YTD Total Return 6.4%
- 3 Yr Annualized Total Return -3.5%
- 5 Yr Annualized Total Return -2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.83%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGLOBAL REAL ESTATE FUND
-
Fund Family NameVALIC Company
-
Inception DateApr 01, 2008
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Blackburn
Fund Description
VGREX - Performance
Return Ranking - Trailing
Period | VGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.4% | -10.5% | 26.2% | 36.00% |
1 Yr | 18.5% | -8.9% | 34.9% | 32.57% |
3 Yr | -3.5%* | -17.9% | 16.8% | 46.75% |
5 Yr | -2.0%* | -10.4% | 15.3% | 87.88% |
10 Yr | -1.3%* | -2.7% | 10.8% | 98.21% |
* Annualized
Return Ranking - Calendar
Period | VGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -16.8% | 16.7% | 77.59% |
2022 | -27.1% | -39.5% | 4.5% | 30.77% |
2021 | 13.6% | -0.9% | 30.7% | 79.39% |
2020 | -10.3% | -20.7% | 13.7% | 83.03% |
2019 | 20.0% | 1.0% | 26.5% | 22.56% |
Total Return Ranking - Trailing
Period | VGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.4% | -10.5% | 26.2% | 36.00% |
1 Yr | 18.5% | -8.9% | 34.9% | 32.57% |
3 Yr | -3.5%* | -17.9% | 16.8% | 46.75% |
5 Yr | -2.0%* | -10.4% | 15.3% | 87.88% |
10 Yr | -1.3%* | -2.7% | 10.8% | 98.21% |
* Annualized
Total Return Ranking - Calendar
Period | VGREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.0% | -14.6% | 23.4% | 67.24% |
2022 | -25.9% | -39.5% | 10.1% | 50.30% |
2021 | 13.6% | 5.7% | 101.8% | 89.09% |
2020 | -10.3% | -17.8% | 14.7% | 90.30% |
2019 | 20.0% | 4.3% | 37.2% | 92.07% |
NAV & Total Return History
VGREX - Holdings
Concentration Analysis
VGREX | Category Low | Category High | VGREX % Rank | |
---|---|---|---|---|
Net Assets | 350 M | 4.27 M | 7.48 B | 47.98% |
Number of Holdings | 86 | 5 | 691 | 31.82% |
Net Assets in Top 10 | 112 M | 1.9 M | 4.55 B | 55.11% |
Weighting of Top 10 | 36.27% | 20.1% | 64.5% | 67.43% |
Top 10 Holdings
- Prologis Inc 7.96%
- Equinix Inc 5.45%
- Welltower Inc 3.77%
- Digital Realty Trust Inc 3.45%
- Ventas Inc 3.26%
- Mitsui Fudosan Co Ltd 2.68%
- American Homes 4 Rent 2.57%
- AvalonBay Communities Inc 2.49%
- Vonovia SE 2.34%
- Simon Property Group Inc 2.30%
Asset Allocation
Weighting | Return Low | Return High | VGREX % Rank | |
---|---|---|---|---|
Stocks | 98.35% | 3.01% | 126.54% | 66.48% |
Cash | 2.20% | 0.00% | 11.23% | 38.64% |
Bonds | 0.46% | 0.00% | 22.09% | 5.68% |
Preferred Stocks | 0.00% | 0.00% | 7.25% | 52.27% |
Other | 0.00% | -33.49% | 99.87% | 65.34% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 47.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VGREX % Rank | |
---|---|---|---|---|
Real Estate | 97.11% | 72.53% | 100.00% | 48.54% |
Consumer Cyclical | 1.31% | 0.00% | 13.03% | 18.71% |
Technology | 0.94% | 0.00% | 4.92% | 19.30% |
Communication Services | 0.65% | 0.00% | 10.08% | 45.61% |
Utilities | 0.00% | 0.00% | 0.96% | 50.29% |
Industrials | 0.00% | 0.00% | 4.91% | 57.31% |
Healthcare | 0.00% | 0.00% | 1.54% | 54.39% |
Financial Services | 0.00% | 0.00% | 9.53% | 57.89% |
Energy | 0.00% | 0.00% | 0.11% | 47.37% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 49.12% |
Basic Materials | 0.00% | 0.00% | 1.63% | 49.12% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VGREX % Rank | |
---|---|---|---|---|
US | 64.77% | 0.00% | 102.76% | 29.55% |
Non US | 33.58% | 0.00% | 98.87% | 71.02% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VGREX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 2.20% | 0.00% | 100.00% | 32.00% |
Derivative | 0.00% | -0.18% | 1.49% | 58.86% |
Securitized | 0.00% | 0.00% | 33.47% | 50.58% |
Corporate | 0.00% | 0.00% | 99.92% | 53.49% |
Municipal | 0.00% | 0.00% | 0.00% | 45.93% |
Government | 0.00% | 0.00% | 9.24% | 46.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VGREX % Rank | |
---|---|---|---|---|
US | 0.46% | 0.00% | 22.09% | 5.68% |
Non US | 0.00% | 0.00% | 0.00% | 46.02% |
VGREX - Expenses
Operational Fees
VGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.10% | 36.96% | 79.55% |
Management Fee | 0.75% | 0.09% | 1.50% | 36.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.06% | 0.01% | 0.25% | 45.83% |
Sales Fees
VGREX 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% | 4.00% | N/A |
Trading Fees
VGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
VGREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 76.00% | 1.00% | 165.00% | 59.41% |
VGREX - Distributions
Dividend Yield Analysis
VGREX | Category Low | Category High | VGREX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.57% | 0.00% | 5.52% | 25.57% |
Dividend Distribution Analysis
VGREX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
VGREX | Category Low | Category High | VGREX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.83% | -0.23% | 3.84% | 30.23% |
Capital Gain Distribution Analysis
VGREX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 07, 2024 | $0.179 | OrdinaryDividend |
Mar 07, 2023 | $0.168 | OrdinaryDividend |
Mar 07, 2023 | $0.145 | CapitalGainLongTerm |
Mar 09, 2022 | $0.125 | OrdinaryDividend |
VGREX - Fund Manager Analysis
Managers
Mark Blackburn
Start Date
Tenure
Tenure Rank
May 01, 2008
14.09
14.1%
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
May 01, 2008
14.09
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.
Darin Turner
Start Date
Tenure
Tenure Rank
Dec 04, 2009
12.5
12.5%
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
Oct 01, 2015
6.67
6.7%
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.
Grant Jackson
Start Date
Tenure
Tenure Rank
Oct 01, 2018
3.67
3.7%
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.
Charles (Chip) McKinley
Start Date
Tenure
Tenure Rank
Jan 14, 2022
0.38
0.4%
Chip McKinley, Senior Vice President, is a portfolio manager for global real estate securities portfolios. Prior to joining Cohen & Steers in 2007, Mr. McKinley was a portfolio manager and REIT analyst at Franklin Templeton Real Estate Advisors. Previously, he was with Fidelity Investments. Mr. McKinley holds a BA from Southern Methodist University and an MBA from Cornell University. He is based in New York.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.42 | 7.15 | 10.42 |