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Invesco Global Real Estate Income Fund
mutual fund
ASRAX
Dividend policy
Active
Price as of:
$9.23
+0.03
+0%
primary theme
International Real Estate
ASRAX (Mutual Fund)
Invesco Global Real Estate Income Fund
Dividend policy
Active
Price as of:
$9.23
+0.03
+0%
primary theme
International Real Estate
ASRAX (Mutual Fund)
Invesco Global Real Estate Income Fund
Dividend policy
Active
Price as of:
$9.23
+0.03
+0%
primary theme
International Real Estate
ASRAX - Snapshot
Vitals
- YTD Return 8.3%
- 3 Yr Annualized Return 4.9%
- 5 Yr Annualized Return 4.3%
- Net Assets $692 M
- Holdings in Top 10 22.2%
52 WEEK LOW AND HIGH
$9.20
$6.98
$9.23
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.22%
SALES FEES
- Front Load 5.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 72.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $250
Fund Classification
- Primary Theme International Real Estate
- Fund Type Open End Mutual Fund
- Investment Style Global Real Estate
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$34.86
-0.46%
$5.85 B
0.87%
$0.30
blocked
blocked
blocked
5.83%
0.12%
$10.85
+0.46%
$3.44 B
1.03%
$0.11
blocked
blocked
blocked
10.15%
-
$10.88
+0.37%
$2.17 B
2.28%
$0.25
blocked
blocked
blocked
10.23%
0.20%
$11.17
+0.27%
$1.43 B
1.45%
$0.16
blocked
blocked
blocked
9.72%
0.49%
$25.02
+0.28%
$1.29 B
1.36%
$0.34
blocked
blocked
blocked
10.41%
0.94%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$49.62
+0.28%
$1.64 B
2.74%
$1.36
blocked
blocked
blocked
12.15%
0.50%
$36.04
-0.50%
$912.23 M
2.58%
$0.94
blocked
blocked
blocked
5.90%
0.59%
$64.03
+0.48%
$293.18 M
1.83%
$1.17
blocked
blocked
blocked
11.60%
0.46%
$28.76
-0.39%
$245.85 M
1.98%
$0.57
blocked
blocked
blocked
5.82%
0.48%
$37.62
-0.73%
$83.38 M
2.23%
$0.85
blocked
blocked
blocked
5.55%
0.48%
ASRAX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 3.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.48%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Global Real Estate Income Fund
-
Fund Family NameInvesco
-
Inception DateMay 31, 2002
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoe Rodriguez
Fund Description
The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in the 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 invest up to 30% of its net assets in below-investment grade securities (commonly known as "junk bonds") of real estate and real-estate related issuers.
ASRAX - Performance
Return Ranking - Trailing
| Period | ASRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | 1.7% | 16.1% | 80.19% |
| 1 Yr | 28.5% | 2.4% | 56.5% | 93.36% |
| 3 Yr | 4.9%* | -1.3% | 15.7% | 73.66% |
| 5 Yr | 4.3%* | 0.1% | 9.9% | 75.77% |
| 10 Yr | 5.4%* | 0.5% | 9.1% | 73.29% |
* Annualized
Return Ranking - Calendar
| Period | ASRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -7.6% | -23.1% | 13.7% | 58.10% |
| 2019 | 9.4% | 1.0% | 26.5% | 87.50% |
| 2018 | -7.5% | -27.7% | 73.0% | 15.05% |
| 2017 | 5.1% | -6.3% | 29.0% | 84.09% |
| 2016 | 0.5% | -31.0% | 42.6% | 10.91% |
Total Return Ranking - Trailing
| Period | ASRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | 1.7% | 16.1% | 80.19% |
| 1 Yr | 21.5% | -2.8% | 56.5% | 96.19% |
| 3 Yr | 3.0%* | -1.6% | 15.7% | 84.88% |
| 5 Yr | 3.1%* | -0.2% | 9.9% | 90.21% |
| 10 Yr | 4.9%* | -0.1% | 9.1% | 81.51% |
* Annualized
Total Return Ranking - Calendar
| Period | ASRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -7.6% | -23.1% | 13.7% | 58.10% |
| 2019 | 9.4% | 1.0% | 26.5% | 87.50% |
| 2018 | -5.3% | -27.7% | 76.6% | 19.89% |
| 2017 | 8.8% | 1.3% | 29.0% | 75.57% |
| 2016 | 5.0% | -27.8% | 49.1% | 15.15% |
NAV & Total Return History
ASRAX - Holdings
Concentration Analysis
| ASRAX | Category Low | Category High | ASRAX % Rank | |
|---|---|---|---|---|
| Net Assets | 692 M | 3.05 M | 8.94 B | 30.29% |
| Number of Holdings | 156 | 5 | 711 | 17.37% |
| Net Assets in Top 10 | 150 M | 1.06 M | 5.58 B | 38.97% |
| Weighting of Top 10 | 22.15% | 16.9% | 85.8% | 94.81% |
Top 10 Holdings
- Prologis Inc 3.68%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
- Vonovia SE 3.54%
Asset Allocation
| Weighting | Return Low | Return High | ASRAX % Rank | |
|---|---|---|---|---|
| Stocks | 76.73% | 13.60% | 116.11% | 97.65% |
| Preferred Stocks | 20.46% | 0.00% | 20.46% | 2.35% |
| Cash | 2.13% | -0.02% | 9.01% | 26.29% |
| Other | 0.68% | -30.57% | 78.71% | 34.74% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 65.26% |
| Bonds | 0.00% | -15.73% | 3.22% | 64.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ASRAX % Rank | |
|---|---|---|---|---|
| Real Estate | 94.93% | 69.07% | 100.00% | 79.90% |
| Utilities | 2.24% | 0.00% | 2.24% | 2.39% |
| Communication Services | 1.52% | 0.00% | 3.67% | 11.96% |
| Consumer Cyclical | 1.32% | 0.00% | 15.90% | 41.63% |
| Technology | 0.00% | 0.00% | 10.26% | 81.34% |
| Industrials | 0.00% | 0.00% | 4.07% | 74.16% |
| Healthcare | 0.00% | 0.00% | 0.95% | 68.90% |
| Financial Services | 0.00% | 0.00% | 10.96% | 74.64% |
| Energy | 0.00% | 0.00% | 0.05% | 66.51% |
| Consumer Defense | 0.00% | 0.00% | 0.13% | 66.51% |
| Basic Materials | 0.00% | 0.00% | 1.21% | 66.51% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ASRAX % Rank | |
|---|---|---|---|---|
| US | 41.27% | 0.00% | 90.99% | 82.63% |
| Non US | 35.46% | 0.00% | 99.80% | 90.14% |
ASRAX - Expenses
Operational Fees
| ASRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.22% | 0.11% | 36.87% | 59.42% |
| Management Fee | 0.74% | 0.09% | 1.50% | 28.77% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 40.20% |
| Administrative Fee | N/A | 0.01% | 0.26% | N/A |
Sales Fees
| ASRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.50% | 5.75% | 63.89% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ASRAX 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.
| ASRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 72.00% | 0.00% | 313.00% | 56.40% |
ASRAX - Distributions
Dividend Yield Analysis
| ASRAX | Category Low | Category High | ASRAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.53% | 67.61% |
Dividend Distribution Analysis
| ASRAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| ASRAX | Category Low | Category High | ASRAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.48% | 0.23% | 6.44% | 10.48% |
Capital Gain Distribution Analysis
| ASRAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 21, 2019 | $0.074 |
| Dec 14, 2018 | $0.087 |
| Sep 13, 2018 | $0.074 |
| Jun 21, 2018 | $0.075 |
| Mar 22, 2018 | $0.060 |
| Dec 13, 2017 | $0.152 |
| Sep 14, 2017 | $0.061 |
| Jun 15, 2017 | $0.061 |
| Mar 16, 2017 | $0.041 |
| Dec 13, 2016 | $0.149 |
| Sep 15, 2016 | $0.108 |
| Jun 16, 2016 | $0.069 |
| Mar 17, 2016 | $0.064 |
| Sep 17, 2015 | $0.076 |
| Jun 18, 2015 | $0.076 |
| Mar 19, 2015 | $0.076 |
| Sep 18, 2014 | $0.126 |
| Jun 19, 2014 | $0.111 |
| Mar 20, 2014 | $0.091 |
| Sep 19, 2013 | $0.090 |
| Jun 20, 2013 | $0.090 |
| Mar 21, 2013 | $0.074 |
| Dec 07, 2012 | $0.237 |
| Sep 20, 2012 | $0.102 |
| Jun 14, 2012 | $0.110 |
| Mar 15, 2012 | $0.095 |
| Dec 09, 2011 | $0.105 |
| Sep 15, 2011 | $0.091 |
| Jun 16, 2011 | $0.091 |
| Mar 17, 2011 | $0.058 |
| Dec 03, 2010 | $0.084 |
| Sep 16, 2010 | $0.075 |
| Jun 17, 2010 | $0.069 |
| Mar 18, 2010 | $0.070 |
| Dec 11, 2009 | $0.069 |
| Sep 18, 2009 | $0.066 |
| Jun 19, 2009 | $0.040 |
| Mar 20, 2009 | $0.045 |
| Dec 12, 2008 | $0.088 |
| Sep 18, 2008 | $0.105 |
| Jun 18, 2008 | $0.105 |
| Mar 18, 2008 | $0.089 |
| Dec 14, 2007 | $0.244 |
| Sep 20, 2007 | $0.212 |
| Jun 20, 2007 | $0.218 |
| Mar 20, 2007 | $0.061 |
ASRAX - Fund Manager Analysis
Managers
Joe Rodriguez
Start Date
Tenure
Tenure Rank
Mar 12, 2007
14.06
14.1%
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
Mar 12, 2007
14.06
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).
Darin Turner
Start Date
Tenure
Tenure Rank
Dec 04, 2009
11.33
11.3%
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
Dec 21, 2012
8.28
8.3%
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.
Ping-Ying Wang
Start Date
Tenure
Tenure Rank
Dec 21, 2012
8.28
8.3%
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.
Grant Jackson
Start Date
Tenure
Tenure Rank
Dec 21, 2018
2.28
2.3%
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 |
|---|---|---|---|
| 0.02 | 19.26 | 7.43 | 13.51 |
