BYRE vs. CRUZ ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to Defiance Hotel, Airline, and Cruise ETF (CRUZ)

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

$26.21

Average Daily Volume

1,070

Number of Holdings ^*

22

* may have additional holdings in another (foreign) market

CRUZ

Defiance Hotel, Airline, and Cruise ETF

CRUZ Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Global Hotels, Airlines, and Cruises Index (the “index”). The index is a rules-based index that consists of globally-listed stocks of companies that derive at least 50% of their revenues from the passenger airline, hotel and resort, or cruise industries (“Travel Companies”) as determined by MV Index Solutions. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Travel Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.29

Average Daily Volume

8,551

Number of Holdings ^*

27

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	CRUZ
30 Days	-0.10%	10.50%
60 Days	7.20%	21.13%
90 Days	12.85%	8.23%
12 Months	29.04%	26.34%

2 Overlapping Holdings

	Symbol	Grade	Weight in BYRE	Weight in CRUZ	Overlap
	DRH	B	1.55%	0.51%	0.51%
	RHP	B	1.97%	1.59%	1.59%

BYRE Overweight 20 Positions Relative to CRUZ

	Symbol	Grade	Weight
	VTR	C	8.53%
	AMT	D	7.12%
	EQIX	C	6.66%
	INVH	D	6.12%
	EXR	D	5.61%
	SBAC	C	5.11%
	WELL	C	4.95%
	COLD	D	4.69%
	SUI	D	4.47%
	REXR	D	4.26%
	SBRA	C	4.26%
	GLPI	C	4.19%
	VICI	C	4.18%
	TRNO	D	4.14%
	AMH	D	3.98%
	DLR	C	3.08%
	ARE	D	2.8%
	NHI	C	2.22%
	CCI	D	1.79%
	VAC	D	1.09%

BYRE Underweight 25 Positions Relative to CRUZ

	Symbol	Grade	Weight
	MAR	A	-7.91%
	HLT	A	-7.87%
	RCL	B	-7.53%
	DAL	C	-7.46%
	CCL	C	-5.06%
	IHG	B	-4.01%
	UAL	A	-3.74%
	LUV	B	-2.85%
	HST	D	-2.74%
	NCLH	C	-2.38%
	AAL	D	-1.85%
	HTHT	B	-1.77%
	ALK	C	-1.44%
	WH	C	-1.4%
	H	B	-1.06%
	CHH	A	-0.86%
	APLE	B	-0.83%
	PK	D	-0.81%
	SKYW	B	-0.8%
	ATAT	A	-0.63%
	CPA	B	-0.62%
	SHO	B	-0.6%
	JBLU	B	-0.55%
	RLJ	D	-0.51%
	PEB	D	-0.38%

BYRE: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Healthcare Facilities REIT - Industrial REIT - Residential REIT - Hotel & Motel REIT - Office Telecom Services Resorts & Casinos

Keywords: Real Estate Investment Trust S&P 500 Sba Communications Assisted Living Communications Sites Distributed Antenna System Hospitality Industry Industrial Real Estate Information And Communications Technology Marriott International Pcia The Wireless Infrastructure Association Real Estate Properties Rental Homes Site Development Services Telecommunications Tourism Tower Site Travel Wireless Communication Wireless Networking

CRUZ: Top Represented Industries & Keywords

Industries: Airlines Lodging REIT - Hotel & Motel Leisure

Keywords: Hospitality Industry S&P 500 Aviation Hotel Real Estate Investment Trust Airline Opentravel Alliance Travel Air Transportation Hotel Chains Tourism Air Transportation Services Cruise Lines Franchising Marriott International Real Estate Market Airport Cargo Services Cruise Ship Gaylord Hotels