ETF Evaluator:
Invesco Active US Real Estate (PSR)
Follow This ETF
(as of Jul 31)
Best Performing in Real Estate Over the Last Year
| 64.8% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 29.5% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 24.0% | ALPS REIT Dividend Dogs ETF (RDOG) |
| 21.6% | Janus Henderson US Real Estate ETF (JRE) |
| 21.5% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
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ETF Details
Invesco Active US Real Estate Overview
Invesco Active US Real Estate (PSR) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). Invesco launched the ETF in 2008.
The investment seeks high total return through growth of capital and current income.
The fund invests normally at least 80% of its assets in securities of companies that are principally engaged in the U.S. real estate industry and included within the FTSE NAREIT All Equity REITs Index. It also may invest in real estate operating companies ("REOCs"), as well as securities of other companies principally engaged in the U.S. real estate industry. REOCs are similar to REITs, except that REOCs reinvest their earnings into the business, rather than distributing them to unitholders like REITs.
About Invesco Active US Real Estate (PSR)
There are 3 members of the management team with an average tenure of 9.23 years: Craig Leopold (2024), Ping-Ying Wang (2008) and Grant Jackson (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and FTSE Nareit All Equity REITs TR USD index with a weighting of 100%. Invesco Active US Real Estate has 31 securities in its portfolio. The top 10 holdings constitute 56.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Active US Real Estate is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco Active US Real Estate has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.1% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Active US Real Estate has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $57 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PSR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Active US Real Estate expense ratio is below average compared to funds in the Real Estate category. Invesco Active US Real Estate has an expense ratio of 0.35%, which is 29% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Active US Real Estate has a portfolio turnover rate of 115%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of June 2026, Invesco Active US Real Estate returned 1.5%, which earned it a grade of D, as the Real Estate category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Active US Real Estate has a trailing yield of 2.56%, which is below the 4.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Active US Real Estate Grades
Year to date, the ETF has returned 15.0%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 15.2% over the past year (grade of B), 8.8% over the past three years (grade of D) and 2.6% per year over the past five years (grade of D) and 5.3% per year over the past 10 years (grade of C).
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PSR Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSR Return (NAV) | 1.5% | 11.4% | 15.2% | 8.8% | 2.6% | 5.3% |
| PSR Return (Price) | 1.5% | 11.6% | 15.5% | 8.9% | 2.6% | 5.4% |
| NAV +/- Price Return | 0.012% | -0.197% | -0.297% | -0.067% | -0.006% | -0.046% |
| Real Estate Avg | 2.0% | 11.7% | 15.1% | 9.7% | 3.4% | 4.6% |
| PSR Grade (NAV) | D | B | B | D | D | C |
| +/- Category (NAV) | -0.5% | -0.3% | 0.1% | -0.9% | -0.8% | 0.7% |
| PSR Tax-Cost Ratio | na | na | 1.1% | 1.2% | 1.1% | 1.1% |
PSR Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSR Return (NAV) | 15.0% | 2.6% | 1.8% | 8.3% | -25.3% | 41.5% | -6.0% | 29.0% | -4.6% | 9.4% | 7.3% |
| PSR Return (Price) | 15.2% | 2.6% | 1.8% | 8.3% | -25.5% | 41.7% | -6.0% | 28.8% | -4.5% | 12.0% | 4.5% |
| NAV +/- Price Ret | 0.014% | 0.010% | -0.037% | 0.008% | 0.009% | 0.005% | -0.001% | -0.7% | -1.3% | 27.8% | -38.3% |
| Real Estate Avg | 13.4% | 2.1% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| PSR Grade (NAV) | B | B | D | F | C | C | C | A | D | B | C |
| +/- Category | 1.6% | 0.5% | -3.3% | -3.6% | 0.3% | 3.9% | 2.2% | 2.1% | -0.1% | 1.2% | -2.8% |
| Risk Measures | |
| Beta: | 0.97 |
| R-Squared: | 54% |
| Standard Deviation: | 16.7% |
| Category Risk Index: | 0.98 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.37 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 57 Mil |
| Share Class Assets: | $ 57 Mil |
| Turnover: | 115.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 17.6 years | |||
| Average Tenure: 9.2 years | |||
| Managers (Year): Wang Ping-Ying (2008), Jackson Grant (2018), Leopold Craig (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 56.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 100.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | November 20, 2008 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.49% |
