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.


US

EQUITY

Passive

MANAGEMENT STYLE

3.2 M

ASSETS UNDER MGMT

33 bp

EXPENSES
Fund Basics
Fund sponsorAmeriprise Financial
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 26, 2023
Assets (mns)$3
Expense ratio33 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMERICAN TOWER CORP-CL A 12.4 %
CROWN CASTLE INTL CORP 7.8 %
SIMON PROPERTY GROUP INC 7.8 %
EQUINIX INC 6.9 %
REALTY INCOME CORP 6.5 %
DIGITAL REALTY TRUST INC 5.7 %
IRON MOUNTAIN INC 3.5 %
AVALONBAY COMMUNITIES INC 3.5 %
MID-AMERICA APARTMENT COMM 3.4 %
INVITATION HOMES, INC. 3.1 %
Constituent Breakdown
Number of holdings72
Herfindahl-Hirschman Index 503
Wgt avg mkt cap (mns)$38,869
Large cap (>$10bn)76.7%
Mid cap ($2-10bn)20.7%
Small cap (<$2bn)2.7%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 105.2 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.8% 24.3% -- -- -- -- 17.3%
Volatility 15.0% 18.2% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.2369%
MSCI EAFE1.1069%
MSCI Emg Mkts1.0554%
Liquidity Measures
Avg. volume (000)1
Turnover0.7%
Avg. Bid/Ask (% of price)0.39%
ADV of underlying (mns)$4,262
Technical Indicators
Recent close$21.50
30d moving avg.$23.57
Annualized volatility19.5%
Relative strength (RSI)52
Short interest (ETF)0.0%
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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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 --%
5.1 13.7 2.0 4.6% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Rating

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.

ALTAR Score™

CRED

7.7%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. CRED's ALTAR Score™ is approximately 0.8 standard deviations above the category average. This places CRED in the 79th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

CRED
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
US Equity ETFs
# of ETFs 192
Avg. Expense Ratio 31.0 bp
Std. Deviation 25.7 bp
CRED (33 bp) Percentile rank 52
Peer Group Expense Ratio Distribution


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. 44.0 16.8 60.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .