PSR - Invesco Active U.S. Real Estate ETFAlternative - Real Estate
The Invesco Active U.S. Real Estate ETF (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. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). Portfolio management generally conducts a security and portfolio evaluation monthly.
Morningstar Rating ™Overall Rating - Real Estate Category
As of 01/31/2020 the Fund had an overall rating of 4 stars out of 222 funds and was rated 4 stars out of 222 funds, 4 stars out of 198 funds and 4 stars out of 137 funds for the 3-, 5- and 10- year periods, respectively.
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. ©2020 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.
|Index History (%)|
|FTSE NAREIT All Equity REITs Index||1.27||16.77||10.70||7.41||13.33||18.21|
|Fund History (%)|
|After Tax Held||1.48||16.56||10.10||6.19||12.08||16.57|
|After Tax Sold||0.87||10.50||8.11||5.14||10.37||14.59|
|Fund Market Price||1.60||17.85||10.92||7.21||12.98||17.57|
|Index History (%)|
|FTSE NAREIT All Equity REITs Index||28.66||28.66||10.29||8.43||12.59||18.22|
|Fund History (%)|
|After Tax Held||27.59||27.59||9.61||7.09||11.34||16.55|
|After Tax Sold||17.11||17.11||7.72||5.88||9.71||14.57|
|Fund Market Price||28.80||28.80||10.38||8.08||12.20||17.55|
Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
Growth of $10,000
Data beginning 10 years prior to the ending date of 12/31/2019. Fund performance shown at NAV.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
as of 02/14/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|AMT||American Tower Corp||9.01|
|CCI||Crown Castle International Corp||5.63|
|SPG||Simon Property Group Inc||3.72|
|SBAC||SBA Communications Corp||3.41|
|BXP||Boston Properties Inc||2.36|
|AVB||AvalonBay Communities Inc||2.18|
Risk & Other Information
Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.
There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Investments in real estate related instruments may be affected by economic, legal, or environmental factors that affect property values, rents or occupancies of real estate. Real estate companies, including REITs or similar structures, tend to be small and mid-cap companies and their shares may be more volatile and less liquid.
The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.
Investments focused in a particular industry or sector, such as the real estate industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The FTSE NAREIT All Equity REITs Index is an unmanaged index considered representative of U.S. REITs (real estate investment trusts).
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.