IARAX Performance — Invesco Real Estate Fund, Class A
Data updated: 2026-07-28
IARAX returned +12.62% year to date and +10.59% over one year to May 2026. Annualised returns are +8.21% over 3 years and +2.22% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $127, against $136 for the category, and to $111 over one year, against $113. Volatility over the past three years was 16.36% a year. In the 12 months to May 2026 the fund lost a net $96.2M, and assets reached $686.44M.
IARAX Growth of $100
What $100 invested in Invesco Real Estate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | IARAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $111 | $113 |
| 3 years (Jun 2023 – May 2026) | $127 | $136 |
| 5 years (Jun 2021 – May 2026) | $112 | $119 |
| Since data start (Sep 2019 – May 2026) | $119 | $143 |
IARAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.62% |
| 1 year | +10.59% |
| 3 years (annualised) | +8.21% |
| 5 years (annualised) | +2.22% |
IARAX Annual Returns
Calendar-year total returns of Invesco Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +12.62% |
| 2025 | −0.20% |
| 2024 | +1.73% |
| 2023 | +8.75% |
| 2022 | −24.80% |
| 2021 | +40.99% |
| 2020 | −10.77% |
| 2019 (Sep–Dec) | +1.27% |
IARAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.5% | +7.3% | −6.1% | +9.0% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +4.2% | −2.5% | −1.6% | +1.1% | −0.5% | −1.8% | +2.4% | −0.1% | −1.9% | +2.2% | −2.1% |
| 2024 | −5.5% | +1.2% | +2.5% | −7.8% | +5.1% | +1.7% | +6.5% | +4.6% | +2.8% | −4.0% | +3.8% | −7.8% |
| 2023 | +10.0% | −6.1% | −1.1% | +0.7% | −4.5% | +3.9% | +1.7% | −3.3% | −7.1% | −3.0% | +11.7% | +7.6% |
| 2022 | −8.1% | −4.5% | +6.9% | −2.3% | −5.1% | −6.0% | +8.4% | −5.9% | −12.6% | +1.8% | +6.3% | −4.6% |
| 2021 | −0.8% | +3.9% | +5.1% | +8.0% | +0.9% | +2.8% | +4.3% | +1.8% | −5.2% | +6.1% | −1.2% | +10.0% |
| 2020 | +1.4% | −6.9% | −19.9% | +8.0% | +2.6% | +2.1% | +3.8% | −0.7% | −3.0% | −3.1% | +6.2% | +1.5% |
| 2019 | — | — | — | — | — | — | — | — | +1.3% | +0.9% | −1.6% | +0.8% |
IARAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.36%
- 3-year Sharpe ratio: 0.23 (vs 4.5% risk-free rate)
- Best month: +11.70% (Nov 2023)
- Worst month: −7.84% (Apr 2024)
IARAX Fund Flows
Monthly money in and out of Invesco Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: −$96.2M
- 12-month gross sales (incl. reinvestments): $116.6M
- Sales ÷ redemptions: 0.55×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.3M | $12.5M | −$6.2M |
| Apr 2026 | $4.7M | $14.5M | −$9.8M |
| Mar 2026 | $9.0M | $17.3M | −$8.3M |
| Feb 2026 | $5.3M | $14.6M | −$9.4M |
| Jan 2026 | $9.9M | $19.6M | −$9.7M |
| Dec 2025 | $36.0M | $24.3M | $11.7M |
| Nov 2025 | $5.4M | $15.0M | −$9.7M |
| Oct 2025 | $8.7M | $17.9M | −$9.1M |
| Sep 2025 | $9.5M | $19.7M | −$10.2M |
| Aug 2025 | $5.8M | $23.4M | −$17.6M |
| Jul 2025 | $7.1M | $18.9M | −$11.8M |
| Jun 2025 | $9.0M | $15.1M | −$6.1M |
IARAX Assets Under Management
Net assets of Invesco Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $686.44M |
| 2026-02-28 | $697.77M |
| 2025-11-30 | $684.91M |
| 2025-08-31 | $715.67M |
| 2025-05-31 | $754.14M |
| 2025-02-28 | $854.37M |
| 2024-11-30 | $983.78M |
| 2024-08-31 | $1.05B |
| 2024-05-31 | $987.73M |
| 2024-02-29 | $1.07B |
| 2023-11-30 | $1.12B |
| 2023-08-31 | $1.24B |
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.