EIPX vs PSR

EIPXCFT Energy Income Partners Strategy ETF

PSRAInvesco Active U.S. Real Estate ETF

In short

EIPX First Trust hands the wheel to Energy Income Partners: an actively run, global energy book of roughly 80 names chasing risk-adjusted total return, not an index snapshot of whoever pumps the most barrels.

PSR Active REIT stock-picking without the active price tag: since 2008, PSR has run a tight book of about 30 US property names for 0.35% a year, roughly half the median fee among active US equity ETFs.

Stated mandate

EIPX The Fund seeks risk-adjusted total return.

PSR The Fund seeks high total return through capital appreciation and current income, investing principally in equity real estate investment trusts.

Why people hold it

• EIPX Actively managed rather than index-tracking, with a stated goal of risk-adjusted total return. A manager picks the energy names, and can pass on the ones it doesn't like.
• Roughly 80 holdings. Concentrated enough that the manager's calls actually show up, broad enough that no single pipeline or utility runs the show.
• The mandate is global, so the portfolio isn't fenced into US energy names the way many sector funds are.
• Pays on a quarterly cadence and has built a mid-sized asset base since its 2022 launch, which is real staying power for a niche sector fund.

• PSR 0.35% a year against a 0.65% median for active US equity ETFs. Active management without the usual active-management markup.
• Running since 2008, across multiple rate regimes and property cycles, and it sits in the upper half of its active US equity peer group.
• Concentrated by design: about 30 equity REITs, so each holding carries real weight instead of being diluted across the entire property market.invesco.com
• The mandate targets capital appreciation plus current income from equity REITs, and the fund distributes quarterly.invesco.com

Worth knowing

• EIPX 0.95% a year is specialist-active pricing, meaningfully above the typical active US equity ETF. You're paying for the stock picking, so it has to earn its keep.
• It trades lightly compared with its peer group, so entry and exit costs deserve more attention than with a mega-cap fund.
• This is one sector, start to finish. Energy moves on commodity cycles and policy, and the whole portfolio rides that wave together.

• PSR Thinly traded. Spreads can widen and larger orders can move the price more than they would in a heavily traded index fund.
• One sector, one economy: US property. When rates jolt REITs, the portfolio has no other sector to lean on.
• Assets stay modest next to the giant index REIT funds, and smaller ETFs generally face a higher bar to stay open over the long haul.

Full EIPX profile⁠

Full PSR profile⁠