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
58.0 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) | $58 |
| 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 +
| AMERICAN TOWER CORP-CL A | 8.4 % |
| WELLTOWER, INC. | 7.8 % |
| DIGITAL REALTY TRUST INC | 7.7 % |
| EQUINIX INC | 4.4 % |
| HEALTHPEAK PROPERTIES, INC. | 4.2 % |
| CUBESMART | 3.7 % |
| BRIXMOR PROPERTY GROUP INC | 3.6 % |
| EASTGROUP PROPERTIES INC | 3.6 % |
| GAMING AND LEISURE PROPERTIE | 3.5 % |
| SIMON PROPERTY GROUP INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 425 |
| Wgt avg mkt cap (mns) | $34,494 |
| Large cap (>$10bn) | 74.2% |
| Mid cap ($2-10bn) | 25.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.1 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.2% | 8.8% | 2.6% | -3.0% | 1.1% | 2.4% | -- | 9.9% |
| Dividend Yield | -2.8% | -2.3% | 3.1% | -0.4% | 7.1% | 2.4% | -- | -0.1% |
| Total Returns | 2.5% | 6.6% | 5.8% | -3.4% | 8.2% | 4.8% | -- | 9.8% | Ann. Volatility | 16.4% | 16.3% | 17.8% | 20.4% | 25.0% | 20.9% | -- | 25.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 66% |
| MSCI EAFE | 0.97 | 69% |
| MSCI Emg Mkts | 0.80 | 46% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $3,206 |
Technical Indicators
| Recent close | $89.33 |
| 30d moving avg. | $90.31 |
| Annualized volatility | 20.3% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.3% |
| 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 |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 58.8% | -28 bp | +0.4% |
| DFAR | Dimensional US Real Estate ETF | 57.8% | -16 bp | +0.2% |
| IYR | iShares U.S. Real Estate ETF | 57.7% | +5 bp | +0.6% |
| ICF | iShares Cohen & Steers REIT ETF | 57.1% | -2 bp | +0.2% |
| VNQ | Vanguard Real Estate ETF | 55.6% | -23 bp | +0.3% |
| XLRE | Real Estate Select Sector SPDR Fund | 54.2% | -27 bp | +4.4% |
| FREL | Fidelity MSCI Real Estate Index ETF | 53.2% | -27 bp | +0.3% |
| RWR | SPDR Dow Jones REIT ETF | 52.5% | -10 bp | -0.1% |
| USRT | iShares Core U.S. REIT ETF | 50.6% | -27 bp | +0.2% |
| FRI | First Trust S&P REIT Index Fund | 50.1% | +15 bp | -0.3% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/23/2025
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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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PSR
2.3%
Cat. Avg
6.1%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. PSR's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places PSR in the 10st 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 | 21 |
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. | 67.5 | 46.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .