AGREX Fees and Costs — Invesco Global Real Estate Fund, Class A
Data updated: 2026-07-28
The net expense ratio is 1.44%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.44% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $157K in broker commissions, 0.1257% of average net assets, and portfolio turnover was 130%.
AGREX Fees and Expenses
Annual operating expenses and sales charges of AGREX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.44% |
| Fee waiver | — |
| Net expense ratio | 1.44% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AGREX Costs Over Time
On $10,000 invested in AGREX, assuming 5% a year before costs, total costs come to $1,617 over 5 years, cutting the return by 2.81% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.44%) | $143 | $443 | $764 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $28 | $111 | $236 |
| Total costs | $733 | $1,143 | $1,617 |
| Value after costs | $9,767 | $10,434 | $11,146 |
| Impact on return, per year | 7.33% | 3.57% | 2.81% |
AGREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1257%
- Total broker commissions: $157K
- Bought from dealers (principal trades, not a cost): $261K
- Portfolio turnover (prospectus): 130%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $3K (0.002% of average net assets)
AGREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $26K | 19.88% |
| CITIGROUP GLOBAL MARKETS INC. | $20K | 15.20% |
| UBS SECURITIES LLC | $18K | 13.63% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $17K | 13.44% |
| GOLDMAN, SACHS & CO. | $15K | 11.55% |
| MORGAN STANLEY & CO. LLC | $12K | 9.38% |
| LIQUIDNET, INC. | $10K | 7.74% |
| INVESCO CAPITAL MARKETS, INC. | $5K | 3.82% |
| NATIONAL BANK FINANCIAL INC. | $4K | 2.88% |
| BERENBERG CAPITAL MARKETS LLC | $3K | 2.49% |
AGREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $164K | 62.67% |
| J.P. MORGAN SECURITIES LLC | $97K | 37.33% |
Invesco Global Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FGREX | Class R6 | 0.95% | none |
| IGREX | Class R5 | 1.01% | none |
| ARGYX | Class Y | 1.19% | none |
| AGREX | Class A | 1.44% | 5.50% |
| RGREX | Class R | 1.69% | none |
| CGREX | Class C | 2.19% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.