Skip to Content
Morningstar

Invesco Real Estate A IARAX

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub
  • NAV / 1-Day Return 15.01  /  1.06 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Real Estate
  • Investment Style Mid Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.33%
  • Turnover 42%

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis IARAX

Will IARAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IARAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the IARAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of IARAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Invesco Real Estate Portfolio Manager Departs; No Change to Analyst Rating

null David Kathman

David Kathman

Analyst Note

Chip McKinley, a co-portfolio manager of the Invesco Real Estate IARAX and Invesco Global Real Estate Income ASRAX funds, departed Invesco as of July 5, 2023. McKinley, who had previously managed global real estate portfolios at Cohen & Steers and Franklin Templeton, joined Invesco in January 2022 amid the retirement of three senior people on the firm's real estate team. His departure is certainly a loss for that team, but it does not result in any change to the Above Average People score for Invesco Real Estate and Invesco Global Real Estate Income. Invesco's global real estate team is still a deep one, with 14 people averaging 20 years of experience, and the four remaining portfolio managers have all been with the firm since at least 2005. Also, the team has access to lots of resources at Invesco, including a long-established private real estate team that manages more than $70 billion in assets.

by David Kathman
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings IARAX

More IARAX Holdings
  • Current Portfolio Date
  • Equity Holdings 32
  • Bond Holdings 0
  • Other Holdings 7
  • % Assets in Top 10 Holdings 53.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

American Tower Corp

8.14
101,022,619
Real Estate

Prologis Inc

6.50
80,624,678
Real Estate

Welltower Inc

5.70
70,720,344
Real Estate

Digital Realty Trust Inc

4.82
59,776,117
Real Estate

VICI Properties Inc Ordinary Shares

4.69
58,156,623
Real Estate

Rexford Industrial Realty Inc

4.12
51,073,154
Real Estate

Realty Income Corp

4.11
51,025,821
Real Estate

SBA Communications Corp Class A

4.07
50,534,518
Real Estate

Equinix Inc

3.96
49,098,012
Real Estate

Sun Communities Inc

3.94
48,840,194
Real Estate