CRED
Columbia Research Enhanced Real Estate ETF
CRED tracks an index comprised of US REITs. The strategy is based on a multi-factor criteria evaluated by Columbia Threadneedle and Lionstone Investments.
Fund Basics
| Fund sponsor | Ameriprise Financial |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 26, 2023 |
| Assets (mns) | $3 |
| Expense ratio | 33 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PROLOGIS INC | 16.0 % |
| AMERICAN TOWER CORP-CL A | 9.4 % |
| SIMON PROPERTY GROUP INC | 8.2 % |
| CROWN CASTLE INTL CORP | 6.4 % |
| DIGITAL REALTY TRUST INC | 5.9 % |
| PUBLIC STORAGE | 5.0 % |
| REALTY INCOME CORP | 4.2 % |
| IRON MOUNTAIN INC | 3.2 % |
| INVITATION HOMES, INC. | 2.6 % |
| WEYERHAEUSER CO | 2.6 % |
Constituent Breakdown
| Number of holdings | 73 |
| Herfindahl-Hirschman Index | 590 |
| Wgt avg mkt cap (mns) | $41,539 |
| Large cap (>$10bn) | 77.5% |
| Mid cap ($2-10bn) | 19.7% |
| Small cap (<$2bn) | 2.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -1.1% | -- | -- | -- | -- | -- | 6.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $4,471 |
Technical Indicators
| Recent close | $19.93 |
| 30d moving avg. | $19.70 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 75 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CRED |
Expenses vs. CRED |
ALTAR Score™ vs. CRED |
|---|---|---|---|---|
| SCHH | Schwab U.S. REIT ETF | 64.1% | -26 bp | 0.0% |
| DFAR | Dimensional US Real Estate ETF | 62.5% | -14 bp | -0.3% |
| FREL | Fidelity MSCI Real Estate Index ETF | 59.2% | -25 bp | -0.4% |
| IYR | iShares U.S. Real Estate ETF | 59.1% | +7 bp | -0.5% |
| XLRE | Real Estate Select Sector SPDR Fund | 57.6% | -24 bp | -0.7% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 57.4% | -22 bp | -0.2% |
| USRT | iShares Core U.S. REIT ETF | 56.3% | -25 bp | -0.2% |
| RWR | SPDR Dow Jones REIT ETF | 56.0% | -8 bp | -0.5% |
| FRI | First Trust S&P REIT Index Fund | 54.9% | +17 bp | -0.6% |
| ICF | iShares Cohen & Steers REIT ETF | 54.9% | 0 bp | -0.7% |
Risk and Returns: CRED vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/2/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CRED
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CRED
7.6%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. CRED's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places CRED in the 75th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CRED
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CRED | 33.0 | 38.5 | 71.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .