At the close of trading on April 17, 2020, Invesco merged $693 million Invesco Oppenheimer Real Estate fund into the $1.2 billion Invesco Real Estate fund. This merger was announced in December 2019 as part of the consolidation of Invesco's fund lineup following its acquisition of OppenheimerFunds in mid-2019 and wasn't expected to be completed until May or June 2020. It happened now in order to allow for a tax-free reorganization of the combined fund, but in order to do that, the two funds made taxable distributions to shareholders totaling about 10% of net asset value. The merger increases the size of Invesco Real Estate by more than 50%, but doesn't change the fund's Morningstar Analyst Rating of Neutral across all share classes.
Invesco Real Estate R IARRX
NAV / 1-Day Return
19.02
/
1.76
%
Total Assets
1.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.480%
Expense Ratio
1.480%
Fee Level
Average
Longest Manager Tenure
25.82
years
Category
Real Estate
Investment Style
Mid BlendMin. Initial Investment
0
Status
Open
TTM Yield
1.21%
Turnover
59%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will IARRX 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 IARRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IARRX 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 IARRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Invesco Real Estate Absorbs Smaller Sibling, Pays Out Distribution; Rating Unchanged
