What this ETF is trying to do

The Invesco Active U.S. Real Estate ETF (ticker: PSR) is an exchange-traded fund designed to invest in the U.S. real estate market. This fund is "active," meaning it seeks to manage its investments to reach its goals. Its Top Holdings include companies like Welltower Inc (10.04%), Prologis Inc (9.53%), and American Tower Corp (8.31%).

What the numbers show

The current price of one share is $96.62. An estimated price from roughly one year ago was about $91.96.

When looking at performance, it is important to know the difference between "price return" and "total return." Price return only tracks how much the share price changed. Total return includes both the price change and any cash payments (distributions) you received.

• One-Year: The price return was 5.06%, while the total return was 8.06%.

• Year-to-Date (YTD): The price return is 6.95%, and the total return is 9.29%.

• Three-Year: The price return was 24.60%, and the total return was 35.65%.

If you had invested $10,000 based on the estimated price from one year ago, your investment's share price alone would have grown to approximately $10,506.

Income and distribution explanation

This ETF provides regular cash payments called distributions. The distribution yield is 2.81%. Over the last year, these payments were made four times, which means they usually happen every quarter. The trailing distributions (the total amount paid out over the last year) were $2.72 per share.

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.

Regarding price erosion, the fund has an erosion-risk score of 100, and the label shows "no price erosion detected." This is considered a "good" rating for price stability. There is no severe erosion-risk flag for this ETF.

Pros

• The fund has shown positive price returns and total returns over the last one and three years.

• The erosion-risk score suggests there has been no recent significant decline in share price due to erosion.

• It provides regular quarterly income.

Cons

• While recent three-year returns were high, the five-year total return was lower at 6.22%.

Beginner takeaway

PSR is a real estate ETF that has recently seen growth in both its share price and its total return. It also pays out cash distributions to investors on a regular, usually quarterly, basis.