BYRE vs. CRED ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to Columbia Research Enhanced Real Estate ETF (CRED)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.46

Average Daily Volume

1,062

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$23.74

Average Daily Volume

739

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	CRED
30 Days	1.38%	3.09%
60 Days	5.09%	6.36%
90 Days	14.28%	16.71%
12 Months	32.68%	36.19%

5 Overlapping Holdings

Symbol	Grade	Weight in BYRE	Weight in CRED	Overlap
AMT	C	7.12%	11.55%	7.12%
CCI	C	1.79%	7.27%	1.79%
DLR	C	3.08%	5.31%	3.08%
EQIX	B	6.66%	6.61%	6.61%
INVH	D	6.12%	2.94%	2.94%

BYRE Overweight 17 Positions Relative to CRED

Symbol	Grade	Weight
VTR	C	8.53%
EXR	C	5.61%
SBAC	B	5.11%
WELL	C	4.95%
COLD	D	4.69%
SUI	D	4.47%
REXR	D	4.26%
SBRA	C	4.26%
GLPI	A	4.19%
VICI	C	4.18%
TRNO	D	4.14%
AMH	D	3.98%
ARE	D	2.8%
NHI	C	2.22%
RHP	C	1.97%
DRH	C	1.55%
VAC	D	1.09%

BYRE Underweight 5 Positions Relative to CRED

Symbol	Grade	Weight
SPG	A	-7.6%
O	A	-6.19%
IRM	A	-3.59%
MAA	C	-3.42%
AVB	C	-3.39%