BYRE vs TRUT

BYRECPrincipal Real Estate Active Opportunities ETF

TRUTAVanEck Technology TruSector ETF

In short

BYRE Active 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.

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

Stated mandate

BYRE The Fund seeks total return.

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

Why people hold it

• BYRE 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.

• TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
• 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
• One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
• About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

Worth knowing

• BYRE 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.

• TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
• Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
• Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

Full BYRE profile⁠

Full TRUT profile⁠