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15 important things you should know about Invesco AGREX mutual fund

Updated: September 27, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for AGREX “stock” price, you can quickly find it out by visiting Finny and typing "AGREX quote". If you’re looking for a quick scoop on AGREX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AGREX". You’ll get all this info in one place.

Are you looking to buy or sell AGREX? Or perhaps you’re looking for AGREX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AGREX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AGREX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AGREX buy or sell; the pros and cons of investing in AGREX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AGREX.

And here is the list of questions we’ll answer:

  1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco Global Real Estate Fd; Cl A (AGREX).
  2. What are AGREX holdings?
  3. What is AGREX performance? What are AGREX historical returns?
  4. How many up and down years did AGREX have historically?
  5. What is AGREX dividend yield?
  6. What is AGREX minimum initial investment amount?
  7. What is AGREX expense ratio?
  8. Does AGREX have any sales loads or 12b-1 distribution expenses?
  9. What is AGREX tax efficiency (tax-cost ratio)?
  10. What is AGREX beta? How would you assess AGREX risk?
  11. What is AGREX Sharpe ratio?
  12. What is AGREX Finny Score? AGREX buy or sell?
  13. What are the pros of investing in AGREX? What are AGREX buy reasons?
  14. What are the cons of investing in AGREX? What are AGREX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AIM Investment Securities Funds (Invesco Investment Securities Funds): Invesco Global Real Estate Fd; Cl A (AGREX).

The Fund seeks total return through growth of capital and current income. The Fund invests, under normal circumstances, at least 80% of its net assets in securities of real estate and real estate-related issuers, and in derivatives and other instruments that have economic characteristics similar to such securities.

2. What are AGREX top holdings?

AGREX has 182 stock holdings and 0 bond holdings.

The top 10 holdings represent 23.36% of total assets. Here are the top holdings:

Name Symbol % Assets
Vonovia SE VNA.DE 3.81%
Boston Properties Inc BXP 3.27%
Invitation Homes Inc INVH 2.80%
UDR Inc UDR 2.57%
Sun Hung Kai Properties Ltd 00016.HK 2.00%
Healthpeak Properties Inc PEAK 1.84%
Sun Communities Inc SUI 1.82%
Digital Realty Trust Inc DLR 1.78%
Agree Realty Corp ADC 1.74%
Hudson Pacific Properties Inc HPP 1.73%

3. What is AGREX performance? What are AGREX historical returns?

AGREX has generated the following returns:

  • 1-month return is -3.10%;
  • 3-month return is -0.10%;
  • 1-year return is -16.45%;
  • 3-year return is -1.63%;
  • 5-year return is 1.72%;
  • 10-year return is 4.35%;
  • 15-year return is 3.81%.

4. How many up and down years did AGREX have historically?

In the last 10 years, AGREX had 7 up years and 3 down years.

AGREX up and down years

5. What is AGREX dividend yield?

AGREX yield is 4.28%.

6. What is AGREX minimum initial investment amount?

AGREX minimum initial investment amount is $1.00K.

7. What is AGREX expense ratio?

AGREX expense ratio is 1.26%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AGREX expenses

8. Does AGREX have any sales loads or 12b-1 distribution expenses?

AGREX 12b-1 distribution fee is 0.25. AGREX front-end sales load is 5.5. AGREX back-end sales load is 0.

9. What is AGREX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 3.25%;
  • 3-year ax cost ratio is 2.5%.
AGREX tax costs

10. What is AGREX beta? How would you assess AGREX risk?

  • 3-year beta is 0.86;
  • 5-year beta is 0.85;
  • 10-year beta is 0.89.
AGREX Beta

11. What is AGREX Sharpe ratio?

  • 3-year Sharpe ratio is -0.07;
  • 5-year Sharpe ratio is 0.06;
  • 10-year Sharpe ratio is 0.41.
AGREX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in AGREX? What are AGREX buy reasons?

We don't see any strong reasons to buy AGREX.

14. What are the cons of investing in AGREX? What are AGREX negatives?

The following are AGREX weaknesses from our perspective:

  • <strong>AGREX net assets</strong> are $157.70 million. This fund is not a popular choice with retail investors.
  • <strong>AGREX 3-year return</strong> is -1.63%, which is lower than the 3-year return of the benchmark index (MSCI World NR USD), 7.35%.
  • <strong>AGREX 5-year return</strong> is 1.72%, which is lower than the 5-year return of the benchmark index (MSCI World NR USD), 9.48%.
  • <strong>AGREX 10-year return</strong> is 4.35%, which is lower than the 10-year return of the benchmark index (MSCI World NR USD), 9.29%.
  • <strong>AGREX 15-year return</strong> is 3.81%, which is lower than the 15-year return of the benchmark index (MSCI World NR USD), 6.59%.
  • <strong>AGREX expense ratio</strong> is 1.26%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the AGREX review, we covered AGREX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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