BYRE vs. REZ ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to iShares Residential Real Estate Capped ETF (REZ)

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

$26.05

Average Daily Volume

1,048

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REZ

iShares Residential Real Estate Capped ETF

REZ Description

The investment seeks to track the investment results of an index composed of U.S. residential, healthcare and self-storage real estate equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. Components primarily include real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$87.50

Average Daily Volume

170,380

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	REZ
30 Days	-0.71%	0.65%
60 Days	-3.29%	-2.26%
90 Days	1.70%	3.08%
12 Months	18.85%	33.90%

9 Overlapping Holdings

Symbol	Grade	Weight in BYRE	Weight in REZ	Overlap
AMH	C	3.98%	2.78%	2.78%
ARE	F	2.8%	4.14%	2.8%
EXR	C	5.61%	6.8%	5.61%
INVH	D	6.12%	4.2%	4.2%
NHI	D	2.22%	0.74%	0.74%
SBRA	B	4.26%	0.99%	0.99%
SUI	C	4.47%	3.38%	3.38%
VTR	B	8.53%	4.63%	4.63%
WELL	A	4.95%	16.4%	4.95%

BYRE Overweight 13 Positions Relative to REZ

Symbol	Grade	Weight
AMT	D	7.12%
EQIX	A	6.66%
SBAC	D	5.11%
COLD	D	4.69%
REXR	F	4.26%
GLPI	C	4.19%
VICI	C	4.18%
TRNO	D	4.14%
DLR	A	3.08%
RHP	B	1.97%
CCI	C	1.79%
DRH	B	1.55%
VAC	C	1.09%

BYRE Underweight 30 Positions Relative to REZ

Symbol	Grade	Weight
PSA	D	-10.45%
AVB	B	-6.53%
EQR	C	-5.52%
ESS	B	-4.24%
MAA	B	-4.1%
DOC	D	-3.36%
UDR	C	-3.21%
ELS	B	-2.94%
CPT	C	-2.76%
CUBE	D	-2.36%
OHI	C	-2.23%
HR	C	-1.47%
CTRE	C	-1.05%
IRT	A	-1.02%
NSA	C	-0.64%
MPW	F	-0.57%
AHR	A	-0.47%
LTC	B	-0.37%
ELME	D	-0.33%
SILA	C	-0.31%
VRE	A	-0.31%
AIV	C	-0.27%
UMH	B	-0.27%
CSR	B	-0.25%
NXRT	A	-0.23%
GMRE	F	-0.12%
UHT	D	-0.12%
DHC	F	-0.12%
CHCT	C	-0.11%
BRT	A	-0.05%