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About Principal Real Estate Active Opportunities ETF
Home page
Inception date
May 18, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
ISIN
US74255Y7224
BYRE actively invests in companies in the US real estate industry. The fund provides a different approach by targeting non-traditional real estate sectors (self-storage, data centers, wireless towers, and single-family rentals), and minimizing exposure to the conventional real estate firms (office, retail, apartments, and industrial). It utilizes a bottom-up approach and selects firms based on the advisors and analysts fundamental assessments across multiple categories on potential constituents, including market and business outlook, capital structure, income durability, relative valuation, and recognition catalysts. BYRE is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead publishes a trading basket daily, which provides a preview of selected holdings without disclosing the actual portfolio.
Related funds
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BYRE trades at 25.06 USD today, its price has fallen −0.07% in the past 24 hours. Track more dynamics on BYRE price chart.
BYRE net asset value is 25.03 today — it's fallen 2.23% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BYRE assets under management is 18.02 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BYRE price has fallen by −2.37% over the last month, and its yearly performance shows a −6.70% decrease. See more dynamics on BYRE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.23% over the last month, showed a −2.40% decrease in three-month performance and has decreased by −4.67% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.23% over the last month, showed a −2.40% decrease in three-month performance and has decreased by −4.67% in a year.
BYRE fund flows account for 6.59 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BYRE invests in stocks. See more details in our Analysis section.
BYRE expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BYRE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BYRE technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BYRE shows the neutral signal. See more of BYRE technicals for a more comprehensive analysis.
Today, BYRE technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BYRE shows the neutral signal. See more of BYRE technicals for a more comprehensive analysis.
Yes, BYRE pays dividends to its holders with the dividend yield of 2.51%.
BYRE trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BYRE shares are issued by Principal Financial Group, Inc.
BYRE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 18, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.