Invesco Oppenheimer Real Estate Fund

Alternatives | Real Estate

Objective & Strategy

The Fund seeks total return. The strategy typically invests in real estate securities, primarily real estate investment trusts (REITs).

as of 08/31/2019

Morningstar Rating

Overall Rating - Real Estate Category

As of 08/31/2019 the Fund had an overall rating of 3 stars out of 223 funds and was rated 2 stars out of 223 funds, 3 stars out of 198 funds and 3 stars out of 136 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Management team

as of 08/31/2019

Top Equity Holdings | View all

% of Total Assets
Equinix 8.41
Equity Residential 7.15
Prologis 6.29
Welltower 5.94
Mid-America Apartment Communities 5.86
Boston Properties 5.11
AvalonBay Communities 4.74
Regency Centers 4.19
Kilroy Realty 4.00
STORE Capital 3.89

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 08/31/2019 06/30/2019

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 03/04/2002 N/A 10.39 23.14 11.97 4.25 7.44 12.48
Load 03/04/2002 5.50 10.03 16.35 5.82 2.30 6.23 11.85
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

as of 08/31/2019 06/30/2019

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
FTSE NAREIT Equity REIT Index 3.40 6.04 12.12 5.70 8.29 13.41
FTSE NAREIT Equity REIT Index 3.40 6.04 12.12 5.70 8.29 13.41
FTSE NAREIT Equity REIT Index 1.26 1.24 11.21 4.20 7.92 15.46
FTSE NAREIT Equity REIT Index 1.26 1.24 11.21 4.20 7.92 15.46

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.88
12b-1 Fee 0.25
Other Expenses 0.32
Interest/Dividend Exp 0.00
Total Other Expenses 0.32
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.00
Total Annual Fund Operating Expenses 1.45
Contractual Waivers/Reimbursements -0.11
Net Expenses - PER PROSPECTUS 1.34
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.34
This information is updated per the most recent prospectus.

Historical Prices

From   to
No history records found for this date range

Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
09/19/2019 0.1276 N/A N/A 27.373
06/20/2019 0.0583 N/A N/A 26.974
03/20/2019 0.1350 N/A N/A 25.165
12/13/2018 0.0501 N/A 0.7331 23.89
09/19/2018 0.1502 N/A N/A 24.756
06/20/2018 0.0812 N/A N/A 24.045
03/21/2018 0.0088 N/A N/A 22.732
12/27/2017 0.0384 N/A N/A 24.568
12/07/2017 0.0616 N/A 0.9024 24.534
09/20/2017 0.0836 N/A N/A 25.277
06/21/2017 0.0789 N/A N/A 25.288
03/22/2017 0.0830 N/A N/A 24.687
12/08/2016 0.2130 0.4472 2.2193 24.772
09/21/2016 0.1959 N/A N/A 28.985
06/22/2016 0.1191 N/A N/A 28.616
03/23/2016 0.0755 N/A N/A 26.923
12/10/2015 0.1905 0.4868 1.5582 25.601
09/23/2015 0.1738 N/A N/A 27.107
06/17/2015 0.1233 N/A N/A 27.647
03/18/2015 0.0447 N/A N/A 30.046
12/29/2014 0.0569 N/A N/A 29.158
12/11/2014 0.1278 0.1760 1.0441 28.412
09/17/2014 0.1252 N/A N/A 26.513
06/18/2014 0.1231 N/A N/A 26.675
03/19/2014 0.0529 N/A N/A 24.766
12/12/2013 0.0228 N/A 0.0032 22.479
09/18/2013 0.1076 N/A N/A 23.845
06/19/2013 0.1678 N/A N/A 23.456
03/20/2013 0.0520 N/A N/A 24.061
12/13/2012 0.1564 N/A N/A 22.232
09/19/2012 0.0979 N/A N/A 23.103
06/20/2012 0.0758 N/A N/A 22.069
03/21/2012 0.0839 N/A N/A 21.808
12/15/2011 0.0554 N/A N/A 19.143
09/21/2011 0.0367 N/A N/A 18.087
06/22/2011 0.0382 N/A N/A 20.683
03/23/2011 0.0247 N/A N/A 19.268
09/22/2010 0.0748 N/A N/A 17.627
06/23/2010 0.0905 N/A N/A 16.477
03/17/2010 0.0256 N/A N/A 16.533
09/23/2009 0.0938 N/A N/A 13.906
06/17/2009 0.1318 N/A N/A 10.115
09/24/2008 0.1369 N/A N/A 18.473
06/12/2008 0.1315 N/A N/A 19.574
12/21/2007 0.0154 0.7142 0.4449 19.628
09/13/2007 0.0649 N/A N/A 22.036
06/14/2007 0.0183 N/A N/A 23.624
12/19/2006 0.2239 0.6822 0.4477 24.027
09/14/2006 0.1134 N/A N/A 23.452
06/15/2006 0.0190 N/A N/A 20.956
12/08/2005 0.1961 0.3747 0.1991 19.085
09/08/2005 0.1068 N/A N/A 19.466
06/09/2005 0.0476 N/A N/A 18.153
03/10/2005 0.0290 N/A N/A 16.568
12/09/2004 0.1535 0.0922 0.0926 17.006
09/09/2004 0.0969 N/A N/A 15.091
06/10/2004 0.0788 N/A N/A 13.72
03/11/2004 0.0429 N/A N/A 14.369
12/23/2003 0.2490 0.0156 0.0411 13.229
12/27/2002 0.1760 0.1403 N/A 9.72
as of 08/31/2019

Sector Breakdown

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

as of 08/31/2019

Asset Mix

May not equal 100% due to rounding.

as of 08/31/2019

Fund Characteristics

3-Year Alpha -1.17%
3-Year Beta 0.94
3-Year R-Squared 0.98
3-Year Sharpe Ratio 0.22
3-Year Standard Deviation 12.37
Number of Securities 30
Total Assets $1,013,261,397.00
Wghtd Med Mkt Cap MM$ $15,100.00

Source: StyleADVISOR

Benchmark:  FTSE NAREIT Equity REIT Index

as of 08/31/2019

Top Equity Holdings | View all

% of Total Assets
Equinix 8.41
Equity Residential 7.15
Prologis 6.29
Welltower 5.94
Mid-America Apartment Communities 5.86
Boston Properties 5.11
AvalonBay Communities 4.74
Regency Centers 4.19
Kilroy Realty 4.00
STORE Capital 3.89

May not equal 100% due to rounding.

Holdings are subject to change and are not buy/sell recommendations.

as of 08/31/2019

Top Industries

  % of Total Assets
Residential REITs 25.97
Specialized REITs 14.81
Retail REITs 14.48
Health Care REITs 12.32
Office REITs 12.21
Industrial REITs 12.08
Diversified REITs 5.16
Hotel & Resort REITs 3.24

May not equal 100% due to rounding.

The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.

 About risk

As with any mutual fund investment, loss of money is a risk of investing. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The principal risks of investing in the Fund are:

Real Estate Market Risks. The Fund’s performance is closely linked to the performance of the real estate markets. Property values or revenues from real estate investments may fall due to many different factors, including: market disruptions, increased vacancies or declining rents, negative economic developments affecting businesses or individuals, increased real estate operating costs, low demand, oversupply, obsolescence, competition, uninsured casualty losses, condemnation losses, environmental liabilities, the failure of borrowers to repay loans in a timely manner, changes in prevailing interest rates or rates of inflation, lack of available credit or changes in federal or state taxation policies affecting real estate. The price of a real estate company’s securities may also drop because of dividend reductions, lowered credit ratings, poor company management, or other factors that affect companies in general. Real estate companies, including REITs, tend to be small- and mid-cap companies and their shares may be more volatile and less liquid.

Risks of Investing in REITs. Investment in REITs is closely linked to the performance of the real estate markets. Property values or revenues from real estate investments may fall due to a number of factors, including but not limited to disruptions in real estate markets, increased vacancies or declining rents, increased property taxes and other operating costs, low demand or oversupply, the failure of borrowers to repay loans in a timely manner, changes in tax and regulatory requirements and changes in interest rates or rates of inflation. Mortgage REITs are particularly subject to interest rate risks.

REITs are dependent upon the quality of their management and may not be diversified geographically or by property type. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. REITs generally tend to be small- to mid-cap stocks and are subject to risks of investing in those securities, including limited financial resources and dependency on heavy cash flow. REITs must satisfy certain requirements in order to qualify for favorable tax treatment under applicable tax laws, and a failure to qualify could adversely affect the value of the REIT. By investing in REITs through the Fund, a shareholder will bear expenses of the REITs in addition to expenses of the Fund.

Smaller Real Estate Company Risks. Smaller companies are typically subject to greater risk of loss than larger companies. They may be more sensitive to changes in a company’s earnings expectations and may experience more price volatility. Smaller companies’ securities often trade in lower volumes and may be harder to sell at an acceptable price. Buy and sell transactions in a smaller company’s stock could impact the stock’s price more than it would a larger company’s stock. Smaller real estate companies may have limited access to financial and other resources and lack liquidity in a declining market. They may have unseasoned management and may be more sensitive to changes in management or depth of management skill than larger, more established companies.

Risks of Investing in Stocks. The value of the Fund’s portfolio may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall sharply at times. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.

The prices of individual stocks generally do not all move in the same direction at the same time. A variety of factors can negatively affect the price of a particular company’s stock. These factors may include, but are not limited to: poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.

Concentration Risk. Concentration risk is the risk that the Fund’s investments in the securities of companies in one industry or market sector will cause the Fund to be more exposed to developments affecting a single industry or market sector than a more broadly diversified fund would be.

Because the Fund invests primarily in real estate securities, the Fund may perform poorly during a downturn in that industry.

Risks of Non-Diversification. The Fund is classified as a “non-diversified” fund under the Investment Company Act of 1940. Accordingly, the Fund may invest a greater portion of its assets in the securities of a single issuer than if it were a “diversified” fund. To the extent that the Fund invests a higher percentage of its assets in the securities of a single issuer, the Fund is more subject to the risks associated with and developments affecting that issuer than a fund that invests more widely.
as of 09/20/2019

OREAX

NAV Change ($)
$27.37 0.00
N/As may appear until data is available. Data is usually updated between 3 and 6 p.m. CST.

Fund Details

  • Distribution Frequency Quarterly
  • NASDAQ OREAX
  • WSJ Abrev. N/A
  • CUSIP 00141G534
  • Fund Type Equity
  • Geography Type Domestic
  • Inception Date 03/04/2002
  • Fiscal Year End 04/30
  • Min Initial Investment $1,000
  • Subsequent Investment $50
  • Min Initial IRA Investment $250
  • Fund Number 1675
  • Tax ID 22-3849391