Share-split context: A reverse split was recorded on Sep 8, 2026 with coefficient 0.333333. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

ETF Education Report: CBRE Global Real Estate Income Fund (IGR)

The CBRE Global Real Estate Income Fund (IGR) is an ETF designed to provide income through real estate investments. It is currently characterized by a high distribution yield but has experienced a significant decline in its share price.

What this ETF is trying to do

IGR aims to generate regular income for investors by investing in global real estate. It focuses on providing cash payments to shareholders, typically on a monthly basis.

What the numbers show

The share price of IGR is $11.09 as of October 7, 2026. The fund has seen a decline in its share price over several timeframes:

• Year-to-Date (YTD) Price Return: -15.60%

• One-Year Price Return: -27.94%

• Three-Year Price Return: -13.83%

When looking at total return (which includes the cash distributions paid to investors), the numbers are different. The one-year total return is -15.75%, and the three-year total return is 33.14%. This shows that while the share price fell, the distributions helped offset some of those losses.

Income and Distribution Explanation

IGR pays distributions usually every month. Over the last 12 months, it has made 12 payments totaling $0.84 per share. This results in a distribution yield of approximately 7.57%.

It is important for beginners to remember that a high distribution yield does not guarantee a profit. A fund can pay out a high yield even while its share price is falling.

Price and NAV Erosion Explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the data shows a severe erosion-risk flag is active. This was triggered by a split-adjusted price trend and an erosion score of 30, which is labeled as "significant price erosion."

Additionally, IGR has a history of a reverse split. The most recent event occurred on September 8, 2026, with a coefficient of approximately 0.33. In a reverse split, multiple old shares are combined into fewer new shares, which mechanically raises the per-share price. This mechanical increase does not restore lost investment value.

Pros

• Regular Income: The fund provides frequent, usually monthly, cash distributions.

• Positive Long-Term Total Return: Despite price drops, the three-year total return is positive at 33.14%.

Cons

• Price Decline: The share price has fallen significantly over the last year.

• Erosion Risk: The fund has a "significant" price erosion label and a severe erosion-risk flag.

• Reverse Split History: The fund has used a reverse split to adjust its share price.

Beginner Takeaway

IGR offers a high distribution yield for those seeking monthly income, but it comes with significant price volatility. The difference between the negative price return and the higher total return shows that the income payments are a major part of the fund's value. Investors should be aware that a high yield alone can be misleading if the share price continues to decline.