Key stats
About Principal Real Estate Active Opportunities ETF
Home page
Inception date
May 18, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
ISIN
US74255Y7224
BYRE actively invests in companies in the US real estate industry. The fund provides a different approach by targeting non-traditional real estate sectors (self-storage, data centers, wireless towers, and single-family rentals), and minimizing exposure to the conventional real estate firms (office, retail, apartments, and industrial). It utilizes a bottom-up approach and selects firms based on the advisors and analysts fundamental assessments across multiple categories on potential constituents, including market and business outlook, capital structure, income durability, relative valuation, and recognition catalysts. BYRE is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead publishes a trading basket daily, which provides a preview of selected holdings without disclosing the actual portfolio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks98.58%
Finance96.46%
Consumer Services2.11%
Bonds, Cash & Other1.42%
Mutual fund1.43%
Cash−0.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BYRE invests in stocks. The fund's major sectors are Finance, with 96.47% stocks, and Consumer Services, with 2.11% of the basket. The assets are mostly located in the North America region.
BYRE top holdings are American Tower Corporation and Ventas, Inc., occupying 8.38% and 8.27% of the portfolio correspondingly.
BYRE last dividends amounted to 0.18 USD. The quarter before, the issuer paid 0.16 USD in dividends, which shows a 13.30% increase.
BYRE assets under management is 17.97 M USD. It's risen 1.46% over the last month.
BYRE fund flows account for 6.06 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BYRE pays dividends to its holders with the dividend yield of 2.52%. The last dividend (Jul 3, 2025) amounted to 0.18 USD. The dividends are paid quarterly.
BYRE shares are issued by Principal Financial Group, Inc. under the brand Principal. The ETF was launched on May 18, 2022, and its management style is Active.
BYRE expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
BYRE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BYRE invests in stocks.
BYRE price has fallen by −1.78% over the last month, and its yearly performance shows a −7.39% decrease. See more dynamics on BYRE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.97% over the last month, showed a −0.30% decrease in three-month performance and has decreased by −6.08% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.97% over the last month, showed a −0.30% decrease in three-month performance and has decreased by −6.08% in a year.
BYRE trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.