Invesco Active U.S. Real Estate Fund
The fund invests normally 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. It 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.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$2M OVER THIS RANGE
Money keeps arriving — +$1M of net buying over the past month, about 1.8% of the fund's asset base, while the price has returned +15.7% so far this year. At 0.35% a year it is not the cheapest way in — VNQ runs the same ground at 0.12%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.7% |
| 1 month | -1.1% |
| 3 months | +1.9% |
| 6 months | +7.1% |
| YTD | +15.7% |
| 1 year | +12.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | +$1M |
| 3 months | −$1M |
| YTD | +$1M |
| 1 year | −$2M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat PSR on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| USRT iShares Core U.S. REIT ETF | 0.08% | $3.7B | — | -27bp on fee · 62× the assets | Head-to-head |
| VNQ Vanguard Real Estate Index Fund | 0.12% | $36.5B | — | -23bp on fee · 610× the assets | Head-to-head |
| VNQI Vanguard Global ex-U.S. Real Estate Index Fund | 0.12% | $3.6B | — | -23bp on fee · 61× the assets | Head-to-head |
| REET iShares Global REIT ETF | 0.14% | $4.7B | — | -21bp on fee · 78× the assets | Head-to-head |
| ICF iShares Cohen & Steers REIT ETF | 0.33% | $2B | — | -2bp on fee · 34× the assets | Head-to-head |