PSR vs USNG

PSRAInvesco Active U.S. Real Estate ETF

USNGBAmplify Samsung U.S. Natural Gas Infrastructure 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.

USNG Most energy funds hand you the whole barrel. USNG tracks one molecule: natural gas, from wellhead to pipeline to export dock, in a compact active portfolio of roughly 25 US-listed names picked on growth at a reasonable price.

Stated mandate

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

USNG USNG seeks long-term capital appreciation through primarily U.S.-listed equity securities of natural gas companies benefiting from the U.S. natural gas infrastructure ecosystem across upstream, midstream, and downstream segments.

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

• USNG One commodity, the full chain: upstream producers, midstream pipelines and downstream users, instead of a broad oil-and-gas basket.amplifyetfs.com
• A 0.59% expense ratio, below the median for its actively managed US equity peer group.
• Stock picking runs through an advertised GARP screen, pairing growth in the gas buildout with a valuation check rather than chasing either alone.amplifyetfs.com
• Built as a standard 1940 Act fund that pays quarterly, so income arrives on a set cadence with 1099 tax reporting, not partnership K-1s.amplifyetfs.com

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.

• USNG Roughly 25 holdings tied to one commodity chain. Gas prices, pipeline approvals and LNG policy move this portfolio hard in both directions.
• A small fund that trades thinly, so spreads can be wide. Limit orders and market-hours trading matter more here than with a mega-cap index fund.
• Launched in 2025, so the track record is short and our review places it in the lower half of its US active equity peer group.

Full PSR profile⁠

Full USNG profile⁠