BYRE vs. REIT ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to ALPS Active REIT ETF (REIT)

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

$26.02

Average Daily Volume

1,029

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. 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.

Grade (RS Rating)

Last Trade

$28.90

Average Daily Volume

11,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	REIT
30 Days	-0.57%	0.49%
60 Days	-2.84%	-0.45%
90 Days	0.27%	1.80%
12 Months	18.65%	25.34%

9 Overlapping Holdings

Symbol	Grade	Weight in BYRE	Weight in REIT	Overlap
AMT	C	7.12%	0.99%	0.99%
COLD	D	4.69%	1.69%	1.69%
DLR	B	3.08%	3.39%	3.08%
EQIX	A	6.66%	9.08%	6.66%
EXR	C	5.61%	3.82%	3.82%
INVH	D	6.12%	3.86%	3.86%
SBRA	C	4.26%	2.77%	2.77%
VICI	C	4.18%	4.76%	4.18%
WELL	A	4.95%	5.01%	4.95%

BYRE Overweight 13 Positions Relative to REIT

Symbol	Grade	Weight
VTR	B	8.53%
SBAC	D	5.11%
SUI	C	4.47%
REXR	F	4.26%
GLPI	C	4.19%
TRNO	F	4.14%
AMH	C	3.98%
ARE	F	2.8%
NHI	D	2.22%
RHP	B	1.97%
CCI	C	1.79%
DRH	B	1.55%
VAC	C	1.09%

BYRE Underweight 19 Positions Relative to REIT

Symbol	Grade	Weight
PLD	F	-5.57%
PSA	C	-4.82%
SPG	A	-4.49%
FR	D	-4.0%
DOC	C	-3.99%
O	C	-3.63%
EQR	C	-3.45%
UDR	B	-3.12%
AVB	B	-3.05%
CUZ	B	-3.05%
HST	C	-3.03%
MAC	B	-2.65%
EPRT	B	-2.65%
ELS	C	-2.54%
KRC	B	-2.33%
IVT	A	-2.21%
IRM	C	-2.01%
LXP	D	-1.77%
ADC	A	-1.49%