14 important things you should know about Invesco IARAX mutual fund

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

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

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

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

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

The Fund seeks high total return through growth of capital and current income. The Fund will invest, at least 80% of its assets in securities of real estate and real estate-related companies, including real estate investment trusts. The principal type of securities purchased by the Fund is common stock.

2. What are IARAX top holdings?

IARAX has 58 stock holdings and 0 bond holdings.

The top 10 holdings represent 44.45% of total assets. Here are the top holdings:

Name Symbol % Assets
American Tower Corp AMT 7.70%
Crown Castle International Corp CCI 6.46%
Prologis Inc PLD 4.62%
Boston Properties Inc BXP 4.58%
AvalonBay Communities Inc AVB 4.34%
Equinix Inc EQIX 3.69%
Simon Property Group Inc SPG 3.41%
SBA Communications Corp SBAC 3.33%
Ventas Inc VTR 3.30%
Healthpeak Properties Inc PEAK 3.02%

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

IARAX has generated the following returns:

  • 1-month return is -6.59%;
  • 3-month return is -24.54%;
  • 1-year return is -13.34%;
  • 3-year return is 0.77%;
  • 5-year return is 2.71%;
  • 10-year return is 7.01%;
  • 15-year return is 6.17%.

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

In the last 10 years, IARAX had 9 up years and 1 down year.

5. What is IARAX dividend yield?

IARAX yield is 1.58%.

6. What is IARAX minimum initial investment amount?

IARAX minimum initial investment amount is $1.00K.

7. What is IARAX expense ratio?

IARAX expense ratio is 1.27%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 3.89%;
  • 3-year ax cost ratio is 2.43%.

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

  • 3-year beta is 0.79;
  • 5-year beta is 0.77;
  • 10-year beta is 0.76.

11. What is IARAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.08;
  • 5-year Sharpe ratio is 0.04;
  • 10-year Sharpe ratio is 0.48.

Analysis

12. What is IARAX Finny Score? IARAX buy or sell?

IARAX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy IARAX and 6 reasons to sell it, resulting in the Finny Score of 40.

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

The following are IARAX strengths from our perspective:

  • IARAX 15-year return is 6.17%, which is in line with the 15-year return of the benchmark index (FTSE Nareit All Equity REITs TR USD), 6.84%.
  • IARAX 3-year Beta is 0.79, which is inversely correlated with the index (MSCI ACWI NR USD). The could be good if you're trying to hedge your portfolio.
  • IARAX 5-year Beta is 0.77, which is inversely correlated with the index (MSCI ACWI NR USD). The could be good if you're trying to hedge your portfolio.
  • IARAX 10-year Beta is 0.76, which is inversely correlated with the index (MSCI ACWI NR USD). The could be good if you're trying to hedge your portfolio.

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

The following are IARAX weaknesses from our perspective:

  • IARAX net assets are $681.40 million. This fund is not a popular choice with retail investors.
  • IARAX 3-year return is 0.77%, which is lower than the 3-year return of the benchmark index (FTSE Nareit All Equity REITs TR USD), 2.25%.
  • IARAX 5-year return is 2.71%, which is lower than the 5-year return of the benchmark index (FTSE Nareit All Equity REITs TR USD), 4.19%.
  • IARAX 10-year return is 7.01%, which is lower than the 10-year return of the benchmark index (FTSE Nareit All Equity REITs TR USD), 8.4%.
  • 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.
  • IARAX expense ratio is 1.27%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the IARAX review, we covered IARAX 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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