PSR
Invesco Active U.S. Real Estate Fund
Invesco Active U.S. Real Estate Fund objective is is high total return through growth of capital and current income. The Fund invests in at least 80% of its assets in securities of compani
US
EQUITY
Active
MANAGEMENT STYLE
71.5 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 20, 2008 |
| Assets (mns) | $71 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WELLTOWER, INC. | 8.8 % |
| EQUINIX INC | 8.7 % |
| AMERICAN TOWER CORP-CL A | 6.2 % |
| BRIXMOR PROPERTY GROUP INC | 4.9 % |
| EQUITY RESIDENTIAL | 4.7 % |
| SBA COMMUNICATIONS CORP. CLASS A | 4.6 % |
| REALTY INCOME CORP | 4.3 % |
| DIGITAL REALTY TRUST INC | 4.3 % |
| INVITATION HOMES, INC. | 3.7 % |
| PROLOGIS INC | 3.7 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 447 |
| Wgt avg mkt cap (mns) | $37,260 |
| Large cap (>$10bn) | 73.1% |
| Mid cap ($2-10bn) | 24.0% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.7% | 28.2% | 8.2% | -1.7% | 2.8% | 6.0% | 10.3% | Volatility | 16.0% | 17.3% | 19.0% | 20.4% | 25.0% | 20.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 71% |
| MSCI EAFE | 1.00 | 67% |
| MSCI Emg Mkts | 0.80 | 42% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $5,089 |
Technical Indicators
| Recent close | $96.74 |
| 30d moving avg. | $97.23 |
| Annualized volatility | 21.5% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PSR |
Expenses vs. PSR |
ALTAR Score™ vs. PSR |
|---|---|---|---|---|
| ICF | iShares Cohen & Steers REIT ETF | 58.5% | -2 bp | -0.3% |
| DFAR | Dimensional US Real Estate ETF | 55.7% | -16 bp | +0.3% |
| SCHH | Schwab U.S. REIT ETF | 55.1% | -28 bp | +0.5% |
| IYR | iShares U.S. Real Estate ETF | 55.1% | +5 bp | -0.1% |
| XLRE | Real Estate Select Sector SPDR Fund | 55.0% | -26 bp | -0.1% |
| VNQ | Vanguard Real Estate ETF | 52.6% | -23 bp | +0.1% |
| FREL | Fidelity MSCI Real Estate Index ETF | 52.2% | -27 bp | +0.1% |
| USRT | iShares Core U.S. REIT ETF | 49.3% | -27 bp | +0.3% |
| RWR | SPDR Dow Jones REIT ETF | 49.2% | -10 bp | +0.1% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 47.9% | -24 bp | +0.2% |
Risk and Returns: PSR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PSR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
PSR
6.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. PSR's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places PSR in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PSRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| PSR (35 bp) Percentile rank | 20 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSR | 35.0 | 11.1 | 46.1 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .