ALPS Active REIT ETF
The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned +17.0% so far this year. At 0.68% a year it is not the cheapest way in — VNQ runs the same ground at 0.12%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.1% |
| 1 month | -1.6% |
| 3 months | +2.2% |
| 6 months | +7.6% |
| YTD | +17.0% |
| 1 year | +15.2% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
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 REIT 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 | — | -60bp on fee · 105× the assets | Head-to-head |
| VNQ Vanguard Real Estate Index Fund | 0.12% | $36.5B | — | -56bp on fee · 1026× the assets | Head-to-head |
| VNQI Vanguard Global ex-U.S. Real Estate Index Fund | 0.12% | $3.6B | — | -56bp on fee · 102× the assets | Head-to-head |
| REET iShares Global REIT ETF | 0.14% | $4.7B | — | -54bp on fee · 132× the assets | Head-to-head |
| ICF iShares Cohen & Steers REIT ETF | 0.33% | $2B | — | -35bp on fee · 57× the assets | Head-to-head |