JPMorgan BetaBuilders MSCI U.S. REIT ETF
The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is a free-float adjusted market-cap weighted index designed to measure the performance of U.S. equity real estate investment trust ("REIT") securities. The fund may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET +$93M OVER THIS RANGE
Money keeps arriving — +$33M of net buying over the past month, about 2.6% of the fund's asset base, while the price has returned +17.1% so far this year. At 0.11% a year it is not the cheapest way in — USRT runs the same ground at 0.08%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +0.4% |
| 1 month | -4.0% |
| 3 months | +2.6% |
| 6 months | +7.8% |
| YTD | +17.1% |
| 1 year | +15.0% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$22M |
| 1 month | +$33M |
| 3 months | +$6M |
| YTD | +$164M |
| 1 year | +$192M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat BBRE on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| USRT iShares Core U.S. REIT ETF | 0.08% | $3.7B | — | -3bp on fee · 3× the assets | Head-to-head |
| VNQ Vanguard Real Estate Index Fund | 0.12% | $36.5B | — | 28× the assets | Head-to-head |
| VNQI Vanguard Global ex-U.S. Real Estate Index Fund | 0.12% | $3.6B | — | 3× the assets | Head-to-head |
| REET iShares Global REIT ETF | 0.14% | $4.7B | — | 4× the assets | Head-to-head |
| ICF iShares Cohen & Steers REIT ETF | 0.33% | $2B | — | 2× the assets | Head-to-head |