ASREX — Invesco Global Real Estate Income Fund
Data updated: 2026-07-30
ASREX — Invesco Global Real Estate Income Fund. United States Real Estate · $261.21M AUM · 1.51% expense ratio. Holdings, fees, performance and SEC filings.
ASREX Fund Overview
ASREX — Invesco Global Real Estate Income Fund is a US mutual fund managed by Aim Counselor Series Trust (invesco Counselor Series Trust), categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim Counselor Series Trust (invesco Counselor Series Trust)
- Category: United States Real Estate
- Assets under management: $261.21M
- Ticker: ASREX
- SEC CIK: 0001112996
- SEC series ID: S000014560
- Share class ID: C000272210
ASREX Investment Objective and Strategy
Invesco Global Real Estate Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim Counselor Series Trust (invesco Counselor Series Trust).
Investment objective
The Fund’s investment objective is current income
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of real estate and real estate related issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund invests primarily in real estate investment trusts (REITs), depositary receipts, equity securities (including common and preferred stock and convertible securities) of domestic and foreign issuers, and debt securities of domestic and foreign issuers (including corporate debt obligations and commercial mortgage-backed securities). The Fund considers an issuer to be a real estate or real estate related issuer if at least 50% of its assets, gross income or net profits are attributable to ownership, construction, management or sale of residential, commercial or industrial real estate.
These issuers include (i) REITs or other real estate operating issuers that (a) own property, (b) make or invest in short-term construction and development mortgage loans, or (c) invest in long-term mortgages or mortgage pools, and (ii) issuers whose products and services are related to the real estate industry, such as manufacturers and distributors of building supplies and financial institutions that issue or service mortgages. The Fund may invest up to 30% of its net assets in below-investment grade securities (commonly known as junk bonds) of real estate and real estate related issuers. Under normal circumstances, the Fund will provide exposure to investments that are economically tied to at least three different countries, including the U.S. The Fund may invest up to 20% of its net assets in securities of issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles.
The Fund may invest in securities of issuers of all capitalization sizes. Real estate companies tend to have smaller assets bases compared with other market sectors, therefore, the Fund may hold a significant amount of securities of small- and mid-capitalization issuers. The Fund can invest in derivative instruments including forward foreign currency contracts. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated; though the Fund has not historically used these instruments. The portfolio managers evaluate securities based primarily on the relative attractiveness of income with a secondary consideration for the potential for capital appreciation. The qualified investment universe includes global public real estate equity and debt securities.
When constructing the portfolio, the portfolio managers first set a strategic equity versus debt asset allocation and then apply a fundamentals-driven investment process. The equity versus debt allocation is determined by assessing the implied market pricing and projected risk adjusted returns of equity and debt investment alternatives. This assessment is conducted while seeking to achieve a level of diversification within asset categories and is influenced by a variety of factors including the macroeconomic environment, capital market sentiment, absolute return expectations, liquidity and distribution of return outcomes. Following the strategic asset allocation decision, the fundamental real estate and securities analysis includes an evaluation of factors such as property market cycle analysis, property evaluation, management and structure review, as well as relative value analysis using earnings data and other fundamental variables to identify securities with characteristics including (i) attractive relative yields; (ii) favorable property market outlook; and (iii) attractive valuations relative to peer investment alternatives.
The portfolio managers seek to limit risk through various controls, such as diversifying the portfolio asset categories, property types and geographic areas, as well as by considering the relative liquidity of each security and limiting the size of any one holding. The portfolio managers will consider selling a security if they conclude: (1) its relative yield and/or valuation have fallen below desired levels, (2) its risk/return profile has changed significantly, (3) its fundamentals have changed significantly, or (4) a more attractive investment opportunity is identified.
ASREX Holdings
Top 10 holdings of Invesco Global Real Estate Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc. | 7.83% |
| Prologis, Inc. | 7.10% |
| Equinix, Inc. | 5.59% |
| Digital Realty Trust, Inc. | 3.67% |
| Simon Property Group, Inc. | 3.41% |
| Goodman Group | 3.23% |
| UDR, Inc. | 2.64% |
| W.P. Carey Inc. | 2.55% |
| Invesco Private Prime Fund | 2.51% |
| Public Storage | 2.28% |
ASREX Portfolio Allocation
Asset-class allocation of Invesco Global Real Estate Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 89.7% |
| Securitized | 7.8% |
| Cash & Equivalents | 5.5% |
ASREX Performance
Total returns for ASREX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.5% |
| 1 year | 12.0% |
| 3 years (annualised) | 7.7% |
| 5 years (annualised) | 1.5% |
ASREX Risk Information
Risk metrics for ASREX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.0%
ASREX Costs and Fees
ASREX costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.51%
- Portfolio turnover: 105%
- Brokerage commissions: 9.59 bps of average net assets (SEC N-CEN)
ASREX Cashflows
Over the 12 months to 2026-05, Invesco Global Real Estate Income Fund had net outflows of $141.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$1.99M |
| 2026-04 | −$5.20M |
| 2026-03 | −$75.42M |
| 2026-02 | −$78.20M |
| 2026-01 | −$6.85M |
| 2025-12 | −$1.93M |
ASREX Debt Constituents
No individual debt constituents are reported in Invesco Global Real Estate Income Fund's latest SEC N-PORT filing.
ASREX Prospectus and SEC Filings
Official Invesco Global Real Estate Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-20
- Prospectus (485BPOS) — filed 2025-12-18
- Prospectus (485BPOS) — filed 2024-12-19
- Portfolio holdings (N-PORT) — filed 2026-07-30
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.