Principal Real Estate Active Opportunities ETF
$26.28−0.23 (−0.86%)
- Expense ratio
- 0.60%
- Fund size
- $26M
- 1Y return
- +9.2%
- Yield · Last 12 months
- 2.79%
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $26.27
- 52W range
The ETF.net BYRE Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 18Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on BYRE
CActive US real estate: about 50 names hand-picked instead of a whole REIT index, priced under what the typical active equity fund charges. Small and thinly traded, so it's a niche tool rather than a crowd favorite.
The Fund seeks total return.
Why people hold it
- Roughly 50 US real estate stocks, actively chosen rather than index-assigned. A concentrated way to own the sector, aimed at total return: income plus price.
- 0.60% a year, which undercuts what the typical active US equity fund charges. Lean pricing for single-sector stock picking.
- Plain 1940 Act fund wrapper with quarterly distributions. A 1099 at tax time, not a K-1.
Worth knowing
- Small asset base and light volume. Spreads can widen and larger orders can move the price more than in a heavily traded fund.
- One sector, one country, about 50 names. Rate moves and property cycles hit the whole basket at once, with no diversification cushion.
- Launched in 2022, so the track record is short, and it sits in the lower half of our active US equity coverage.
BYRE Holdings
- Stocks
- 50
- 52%
- EQIX
Sectors
- Real Estate97.8%
- Financials0.8%
- Technology0.8%
- Industrials0.3%
- Health Care0.3%
Geography
- United States93.22%
- France1.43%
- Australia1.36%
- Singapore1.30%
- Canada1.02%
- Belgium0.63%
- Bermuda0.53%
- Netherlands0.51%
BYRE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BYRE |
|---|---|
| Year to date | +10.4% |
| 1 month | −3.9% |
| 3 months | −1.1% |
| 1 year | +9.2% |
| 3 years | +10.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BYRE |
|---|---|---|
| 2026 YTD | +10.4% | |
| 2025 | +2.3% | |
| 2024 | +4.2% | |
| 2023 | +10.8% | |
| 2022 | −9.0% |
BYRE in the news
ETF.net Research hasn’t filed on BYRE yet — coverage lands here as it’s written.
BYRE Dividends
- 2.79%
- $0.74
- $0.25 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jul 1, 2026 | Jul 6, 2026 | $0.25 |
| Apr 1, 2026 | Apr 6, 2026 | $0.16 |
| Dec 29, 2025 | Dec 31, 2025 | $0.20 |
| Oct 1, 2025 | Oct 3, 2025 | $0.13 |
| Jul 1, 2025 | Jul 3, 2025 | $0.18 |
| Apr 1, 2025 | Apr 3, 2025 | $0.16 |
| Dec 27, 2024 | Dec 31, 2024 | $0.18 |
| Oct 1, 2024 | Oct 3, 2024 | $0.11 |
| Jul 1, 2024 | Jul 3, 2024 | $0.15 |
| Apr 1, 2024 | Apr 4, 2024 | $0.12 |
| Dec 27, 2023 | Jan 2, 2024 | $0.18 |
| Oct 2, 2023 | Oct 5, 2023 | $0.14 |
BYRE Risk
- 15.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.39
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.90
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BYRE Cost
- The middle half of US Active Sector funds
- Median 0.65%
12 of the 33 US Active Sector funds charge less.