EQIX - Invesco Global Real Estate Income Fund Q1 2025 Commentary
2025-05-13 09:41:00 ET
Summary
- The fund had a positive absolute return but underperformed its benchmark. Stock selection among real estate equities detracted, as did the fund’s allocation to real estate fixed income, which underperformed real estate equities.
- The fund is biased toward real estate common equities while maintaining meaningful exposure to real estate fixed income securities. The fund is balanced among opportunities that offer a combination of income, valuation and growth potential.
- Where real estate values have already reset, opportunities for more dynamic real estate transaction markets appear to be improving. REITs with strong balance sheets are best positioned to execute deals that boost earnings.
Standardized performance (%) |
as of March 31, 2025 |
Quarter |
YTD |
1 Year |
3 Years |
5 Years |
10 Years |
Since Inception |
Class A shares inception: 05/31/02 |
NAV |
0.29 |
0.29 |
-0.56 |
-3.53 |
4.93 |
2.05 |
6.27 |
Max. Load 5.5% |
-5.22 |
-5.22 |
-6.07 |
-5.34 |
3.75 |
1.48 |
6.00 |
Class R6 shares inception: 09/24/12 |
NAV |
0.44 |
0.44 |
0.01 |
-3.13 |
5.37 |
2.47 |
3.58 |
Class Y shares inception: 10/03/08 |
NAV |
0.36 |
0.36 |
-0.19 |
-3.27 |
5.24 |
2.32 |
5.14 |
Custom Global Real Estate Income Index |
1.59 |
1.59 |
3.90 |
-4.28 |
6.22 |
1.99 |
- |
Total return ranking vs. Morningstar Global Real Estate category (Class A shares at NAV) |
- |
- |
80% (138 of 168) |
40% (56 of 165) |
75% (122 of 161) |
68% (88 of 123) |
- |