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
3.5 M
ASSETS UNDER MGMT
33 bp
EXPENSES
Fund Basics
| Fund sponsor | Ameriprise Financial |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 26, 2023 |
| Assets (mns) | $4 |
| 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
| 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 holdings | 72 |
| Herfindahl-Hirschman Index | 503 |
| Wgt avg mkt cap (mns) | $38,137 |
| Large cap (>$10bn) | 76.8% |
| Mid cap ($2-10bn) | 20.5% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.6% | 35.1% | -- | -- | -- | -- | 15.1% | Volatility | 15.0% | 18.2% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.28 | 70% |
| MSCI EAFE | 1.11 | 71% |
| MSCI Emg Mkts | 1.13 | 60% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $5,069 |
Technical Indicators
| Recent close | $23.49 |
| 30d moving avg. | $23.70 |
| Annualized volatility | 20.1% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| 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 | 58.8% | -26 bp | -0.5% |
| DFAR | Dimensional US Real Estate ETF | 57.8% | -14 bp | -0.7% |
| ICF | iShares Cohen & Steers REIT ETF | 54.8% | 0 bp | -1.2% |
| FREL | Fidelity MSCI Real Estate Index ETF | 54.1% | -25 bp | -0.9% |
| VNQ | Vanguard Real Estate ETF | 53.5% | -21 bp | -0.8% |
| IYR | iShares U.S. Real Estate ETF | 52.4% | +7 bp | -1.0% |
| XLRE | Real Estate Select Sector SPDR Fund | 51.1% | -24 bp | -1.1% |
| USRT | iShares Core U.S. REIT ETF | 50.3% | -25 bp | -0.7% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 49.3% | -22 bp | -0.7% |
| FRI | First Trust S&P REIT Index Fund | 49.0% | +17 bp | -1.1% |
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 11/21/2024
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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 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
7.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. 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.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CREDSELL
U/W
HOLD
O/W
BUY
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. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .