EWRE: new Equal-Weight US R.E. ETF by Guggenheim

Guggenheim Investments begun trading the Guggenheim S&P 500 Equal Weight Real Estate ETF (NYSEArca: EWRE) on Thursday, August 13, 2015.

 

FUND INFORMATION:

Symbol: EWRE Exchange: NYSE Arca
Name: Guggenheim S&P 500 Equal Weight Real Estate ETF Net Expense Ratio: 0.40%

 

FUND OBJECTIVE:
The Guggenheim S&P 500 Equal Weight Real Estate ETF seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P 500 Equal Weight Real Estate Index.

REFERENCE INDEX:
The S&P 500 Equal Weight Real Estate Index is designed to impose equal weights on the index constituents included in the S&P 500 Index that are classified in the Global Industry Classification Standard (GICS) real estate industry group, excluding mortgage real estate investment trusts (REITs).
The Underlying Index is an equal weighted version of the S&P 500 Real Estate Index that consists of equity Real Estate Investment Trusts (REITs) and common stock of companies that are classified as Diversified Real Estate Activities Companies, Real Estate Operating Companies, Real Estate Development and Real Estate Services Companies and companies that comprise the Real Estate sector of the S&P 500 Index.

As of July 20, 2015, the Underlying Index included 25 component securities with capitalizations ranging from $5.8 billion to $53.9 billion. In general, the equal weighting of the Underlying Index provides equal representation for all securities at the Underlying Index’s rebalance interval(s), thereby providing broader exposure to the majority of securities in the Underlying Index than typically may be found in the Underlying Index’s market capitalization weighted counterpart.

Index Top Holdings (06/30/2015):

American Tower Corp A 4.11%
Host Hotels & Resorts, Inc. 4.09%
Apartment Investment & Mgmt 4.08%
CBRE Group, Inc. 4.08%
Essex Property Trust 4.07%
Plum Creek Timber Co.  4.07%
Public Storage 4.06%
AvalonBay Communities, Inc. 4.04%
Weyerhaeuser Co. 4.04%
Equity Residential 4.03%

Index Top Sub-Industries (06/30/2015):

Specialized REITs  28.24%
Retail REITs  19.74%
Residential REITs  16.23%
Health Care REITs  11.89%
Office REITs  11.85%
Hotel & Resort REITs  4.09%
Real Estate Services   4.08%
Industrial REITs  3.88%

 

Useful Links:
EWRE Home Page

Category: Real Estate> Regions> USA> US Broad R.E.

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