PSR vs TRUC

PSRAInvesco Active U.S. Real Estate ETF

TRUCBVanEck Communication Services TruSector ETF

In short

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.

TRUC Active stock picking in the communications aisle at 0.14% a year, a sliver of what the typical active US equity fund charges. VanEck runs it against a named MarketVector benchmark, so the manager's work is checkable.

Stated mandate

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

TRUC The Fund is actively managed and seeks long-term capital appreciation through securities of communication-services companies or instruments providing exposure to them.

Why people hold it

• 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

• TRUC 0.14% a year, far below the median fee for active US equity funds. Active sector exposure at close to index-fund pricing.
• Actively managed with a declared yardstick, the MarketVector Top US Communications Companies Index, so the manager's calls can be measured against the sector rather than guessed at.vaneck.com
• Sits in the upper tier of a large active US equity peer group, largely on the strength of its fee and its ease of trading.
• Plain 1940 Act fund structure: ordinary 1099 tax reporting, no partnership K-1 paperwork.

Worth knowing

• 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.

• TRUC One sector, one country. US communication services is a narrow slice of the market, so swings can run sharper than a total-market fund's.
• Launched in 2026, so there is little live history behind the stock picking yet.
• Moderately traded with a modest asset base, so spreads can widen when markets get rough.

Full PSR profile⁠

Full TRUC profile⁠