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Invesco Active U.S. Real Estate ETF
Active ETF
PSR
Payout Change
Pending
Price as of:
$96.2379
+0.99
+1.04%
primary theme
Real Estate Sector Equity
PSR (ETF)
Invesco Active U.S. Real Estate ETF
Payout Change
Pending
Price as of:
$96.2379
+0.99
+1.04%
primary theme
Real Estate Sector Equity
PSR (ETF)
Invesco Active U.S. Real Estate ETF
Payout Change
Pending
Price as of:
$96.2379
+0.99
+1.04%
primary theme
Real Estate Sector Equity
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.7%
1 yr return
23.6%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
3.3%
Net Assets
$73.3 M
Holdings in Top 10
59.5%
52 WEEK LOW AND HIGH
$95.2
$78.54
$99.93
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PSR - Profile
Distributions
- YTD Total Return 7.7%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.61%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Active U.S. Real Estate ETF
-
Fund Family NameINVESCOETF
-
Inception DateNov 20, 2008
-
Shares Outstanding1250000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPing-Ying Wang
Fund Description
The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities of companies that are principally engaged in the U.S. real estate industry and included within the FTSE NAREIT All Equity REITs Index. The Fund considers a company to be principally engaged in the U.S. real estate industry if it: (i) derives 50% of its revenues or profits from the ownership, leasing, management, construction, financing or sale of U.S. real estate; or (ii) has at least 50% of the value of its assets invested in U.S. real estate. The Fund plans to invest principally in equity real estate investment trusts (“REITs”). Equity REITs pool investors’ funds for investments primarily in real estate properties or real estate-related loans (such as mortgages). The Fund also may invest in real estate operating companies (“REOCs”), as well as securities of other companies principally engaged in the U.S. real estate industry. REOCs are similar to REITs, except that REOCs reinvest their earnings into the business, rather than distributing them to unitholders like REITs.
The Fund structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. In constructing the portfolio, Invesco Advisers, Inc., the Fund’s sub-adviser (the “Sub-Adviser”), analyzes quantitative and statistical metrics to identify attractively priced securities.
As part of the Fund’s investment process to implement its investment strategy in pursuit of its investment objective, the Sub-Adviser may also consider both qualitative and quantitative environmental, social and governance (“ESG”) factors it believes to be material to understanding an issuer’s fundamentals, assess whether any ESG factors pose a material financial risk or opportunity to the issuer and determine whether such risks are appropriately reflected in the issuer's valuation. This analysis may involve the use of third-party research as well as proprietary research. Consideration of ESG factors is just one component of the Sub-Adviser's assessment of issuers eligible for investment and not necessarily determinative to an investment decision. Therefore, the Sub-Adviser may still invest in securities of issuers that may be viewed as having a high ESG risk profile. The ESG factors considered by the Sub-Adviser may change over time, one or more factors may not be relevant with respect to all issuers eligible for investment and ESG considerations may not be applied to all issuers or investments in the Fund.
The Sub-Adviser will consider selling or reducing a security position if: (i) its relative valuation has fallen below desired levels; (ii) its risk/return profile has changed significantly; (iii) its fundamentals have changed; or (iv) a more attractive investment opportunity is identified. The Sub-Adviser generally conducts the security and portfolio evaluation process monthly.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of companies that are principally engaged in the U.S. real estate industry.
PSR - Performance
Return Ranking - Trailing
| Period | PSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -8.1% | 19.7% | 77.64% |
| 1 Yr | 23.6% | -9.4% | 37.7% | 73.58% |
| 3 Yr | -1.9%* | -12.9% | 5.1% | 73.77% |
| 5 Yr | 3.3%* | -12.3% | 14.4% | 72.17% |
| 10 Yr | 5.9%* | -2.2% | 14.0% | 41.36% |
* Annualized
Return Ranking - Calendar
| Period | PSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -16.2% | 24.6% | 69.39% |
| 2022 | -27.5% | -51.3% | 2.5% | 17.21% |
| 2021 | 38.3% | -7.7% | 52.3% | 14.81% |
| 2020 | -9.3% | -42.2% | 35.0% | 56.52% |
| 2019 | 25.5% | 0.0% | 43.1% | 13.45% |
Total Return Ranking - Trailing
| Period | PSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -8.1% | 19.7% | 77.64% |
| 1 Yr | 23.6% | -9.4% | 37.7% | 73.58% |
| 3 Yr | -1.9%* | -12.9% | 5.1% | 73.77% |
| 5 Yr | 3.3%* | -12.3% | 14.4% | 72.17% |
| 10 Yr | 5.9%* | -2.2% | 14.0% | 41.36% |
* Annualized
Total Return Ranking - Calendar
| Period | PSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -13.7% | 25.0% | 86.53% |
| 2022 | -25.5% | -40.7% | 7.8% | 42.62% |
| 2021 | 41.7% | 7.8% | 54.6% | 39.92% |
| 2020 | -6.0% | -36.6% | 44.3% | 63.91% |
| 2019 | 28.8% | 4.1% | 46.4% | 36.77% |
PSR - Holdings
Concentration Analysis
| PSR | Category Low | Category High | PSR % Rank | |
|---|---|---|---|---|
| Net Assets | 73.3 M | 1.39 M | 61.4 B | 84.52% |
| Number of Holdings | 27 | 22 | 519 | 95.93% |
| Net Assets in Top 10 | 38.3 M | 1.29 M | 32.8 B | 82.52% |
| Weighting of Top 10 | 59.48% | 13.2% | 90.0% | 24.39% |
Top 10 Holdings
- Equinix, Inc. 8.62%
- American Tower Corp. 8.49%
- Prologis, Inc. 7.20%
- Invesco Private Prime Fund 6.45%
- Healthpeak Properties, Inc. 4.93%
- Kimco Realty Corp. 4.88%
- Rexford Industrial Realty, Inc. 4.83%
- Realty Income Corp. 4.82%
- Equity Residential 4.65%
- CubeSmart 4.62%
Asset Allocation
| Weighting | Return Low | Return High | PSR % Rank | |
|---|---|---|---|---|
| Stocks | 100.07% | 0.00% | 105.52% | 1.63% |
| Cash | 8.91% | -42.50% | 24.34% | 4.88% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 59.35% |
| Other | 0.00% | -89.90% | 104.09% | 61.79% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 54.69% |
| Bonds | 0.00% | 0.00% | 155.83% | 56.50% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSR % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 19.23% |
| Utilities | 0.00% | 0.00% | 3.55% | 51.28% |
| Technology | 0.00% | 0.00% | 12.02% | 61.11% |
| Industrials | 0.00% | 0.00% | 7.39% | 56.41% |
| Healthcare | 0.00% | 0.00% | 0.53% | 52.56% |
| Financial Services | 0.00% | 0.00% | 37.05% | 57.69% |
| Energy | 0.00% | 0.00% | 33.11% | 52.99% |
| Communication Services | 0.00% | 0.00% | 11.61% | 56.41% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 51.28% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 71.79% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 53.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSR % Rank | |
|---|---|---|---|---|
| US | 100.07% | 0.00% | 105.52% | 1.63% |
| Non US | 0.00% | 0.00% | 37.90% | 55.69% |
PSR - Expenses
Operational Fees
| PSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.07% | 8.91% | 92.59% |
| Management Fee | 0.35% | 0.00% | 1.50% | 9.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| PSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.11% | 380.00% | 72.45% |
PSR - Distributions
Dividend Yield Analysis
| PSR | Category Low | Category High | PSR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.91% | 0.00% | 13.03% | 29.67% |
Dividend Distribution Analysis
| PSR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| PSR | Category Low | Category High | PSR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.61% | -1.14% | 6.05% | 26.34% |
Capital Gain Distribution Analysis
| PSR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.687 | OrdinaryDividend |
| Jun 24, 2024 | $0.699 | OrdinaryDividend |
| Mar 18, 2024 | $0.690 | OrdinaryDividend |
| Dec 18, 2023 | $0.689 | OrdinaryDividend |
| Sep 18, 2023 | $0.690 | OrdinaryDividend |
| Jun 20, 2023 | $0.652 | OrdinaryDividend |
| Mar 20, 2023 | $0.645 | OrdinaryDividend |
| Dec 19, 2022 | $0.629 | OrdinaryDividend |
| Sep 19, 2022 | $0.629 | OrdinaryDividend |
| Jun 21, 2022 | $0.676 | OrdinaryDividend |
| Mar 21, 2022 | $0.631 | OrdinaryDividend |
| Dec 20, 2021 | $0.651 | OrdinaryDividend |
| Sep 20, 2021 | $0.611 | OrdinaryDividend |
| Jun 21, 2021 | $0.685 | OrdinaryDividend |
| Mar 22, 2021 | $0.604 | OrdinaryDividend |
| Dec 21, 2020 | $0.700 | OrdinaryDividend |
| Sep 21, 2020 | $0.641 | OrdinaryDividend |
| Jun 22, 2020 | $0.644 | OrdinaryDividend |
| Mar 23, 2020 | $0.698 | OrdinaryDividend |
| Dec 23, 2019 | $0.762 | OrdinaryDividend |
| Sep 23, 2019 | $0.762 | OrdinaryDividend |
| Jun 24, 2019 | $0.754 | OrdinaryDividend |
| Mar 18, 2019 | $0.161 | OrdinaryDividend |
| Dec 24, 2018 | $0.700 | OrdinaryDividend |
| Sep 24, 2018 | $0.574 | OrdinaryDividend |
| Jun 18, 2018 | $0.441 | OrdinaryDividend |
| Mar 19, 2018 | $0.302 | OrdinaryDividend |
| Dec 18, 2017 | $0.113 | OrdinaryDividend |
| Dec 16, 2016 | $1.687 | OrdinaryDividend |
| Sep 16, 2016 | $0.323 | OrdinaryDividend |
| Jun 17, 2016 | $0.251 | OrdinaryDividend |
| Mar 18, 2016 | $0.381 | OrdinaryDividend |
| Dec 24, 2015 | $0.375 | CapitalGainShortTerm |
| Dec 24, 2015 | $0.454 | CapitalGainLongTerm |
| Dec 18, 2015 | $0.845 | OrdinaryDividend |
| Sep 18, 2015 | $0.191 | OrdinaryDividend |
| Jun 19, 2015 | $0.264 | OrdinaryDividend |
| Mar 20, 2015 | $0.196 | OrdinaryDividend |
| Dec 19, 2014 | $0.601 | OrdinaryDividend |
| Sep 19, 2014 | $0.013 | OrdinaryDividend |
| Jun 20, 2014 | $0.179 | OrdinaryDividend |
| Mar 21, 2014 | $0.131 | OrdinaryDividend |
| Dec 20, 2013 | $0.593 | OrdinaryDividend |
| Sep 20, 2013 | $0.051 | OrdinaryDividend |
| Jun 21, 2013 | $0.198 | OrdinaryDividend |
| Mar 15, 2013 | $0.045 | OrdinaryDividend |
| Dec 21, 2012 | $0.496 | OrdinaryDividend |
| Sep 21, 2012 | $0.100 | OrdinaryDividend |
| Jun 15, 2012 | $0.232 | OrdinaryDividend |
| Mar 16, 2012 | $0.303 | OrdinaryDividend |
| Dec 27, 2011 | $0.080 | CapitalGainLongTerm |
| Dec 16, 2011 | $0.202 | OrdinaryDividend |
| Sep 16, 2011 | $0.142 | OrdinaryDividend |
| Dec 17, 2010 | $0.652 | OrdinaryDividend |
| Sep 17, 2010 | $0.121 | OrdinaryDividend |
| Jun 18, 2010 | $0.103 | OrdinaryDividend |
| Mar 19, 2010 | $0.089 | OrdinaryDividend |
| Dec 18, 2009 | $0.405 | OrdinaryDividend |
| Sep 18, 2009 | $0.088 | OrdinaryDividend |
| Jun 19, 2009 | $0.085 | OrdinaryDividend |
| Mar 20, 2009 | $0.058 | OrdinaryDividend |
| Dec 19, 2008 | $0.352 | OrdinaryDividend |
PSR - Fund Manager Analysis
Managers
Ping-Ying Wang
Start Date
Tenure
Tenure Rank
Nov 20, 2008
13.53
13.5%
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.
Mark Blackburn
Start Date
Tenure
Tenure Rank
Nov 20, 2008
13.53
13.5%
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
Feb 27, 2015
7.26
7.3%
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.
Grant Jackson
Start Date
Tenure
Tenure Rank
Mar 09, 2018
4.23
4.2%
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 06, 2022
0.4
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 |
|---|---|---|---|
| 0.01 | 28.42 | 8.3 | 16.42 |
