Principal Real Estate Active Opportunities ETF
BYRE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 711 High Street Des Moines IA United States of America 50392
- IPO Date
- May 19, 2022
- CIK
- 0001572661
- Website
- principalam.com
- Similar Companies
- Business
- Principal Real Estate Active Opportunities ETF (BYRE) is an actively managed, semi-transparent exchange-traded fund that seeks total return and income through investments principally in the real estate industry; it normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies engaged in real estate activities, including small-cap firms, with a focus on non-traditional property types such as data centers, healthcare facilities, self-storage, single-family rentals, cell towers, and industrial properties; top holdings include Welltower Inc., American Tower Corp., Equinix Inc., Sabra Health Care REIT Inc., and Crown Castle Inc., representing concentrated exposure to resilient niche sectors driving structural change in real estate. The fund employs a bottom-up fundamental approach managed by Principal Funds, a top-10 global real estate manager by assets under management; it trades on NYSE Arca with quarterly dividend distributions, a net expense ratio of 0.60%, and assets under management of approximately $21.1 million as of December 2025; BYRE operates primarily in U.S.-listed securities while targeting global real estate themes. Launched on May 18, 2022, and headquartered at Principal Financial Group offices in Des Moines, Iowa, the fund features portfolio managers Kelly D. Rush, Anthony Kenkel, and Keith Bokota, and utilizes the Fidelity non-transparent ETF model to limit daily portfolio disclosure. In recent developments, BYRE maintained steady quarterly income distributions through 2025, including $0.1300 per share on October 1, 2025, $0.1797 on July 1, 2025, and $0.1558 on April 1, 2025, amid ongoing portfolio adjustments to emphasize high-conviction holdings like Welltower and American Tower; the fund reported year-to-date NAV returns of 4.43% as of November 30, 2025, with a 30-day SEC yield of 3.67%, reflecting resilience in non-traditional real estate sectors despite market volatility; no major acquisitions, funding rounds, or strategic alliances were announced in the last 1-2 years, with operational focus on exploiting evolving real estate opportunities.