The Residential and Multisector Real Estate ETF (REZ) is an exchange-traded fund that seeks to track the performance of the FTSE NAREIT All Residential Capped Index. The index includes real estate investment trusts (REITs) and other companies that own and operate residential properties, including single-family homes, apartments, and manufactured housing.
As of September 2021, the top ten holdings of REZ were as follows:
Equity Residential (REIT) (EQR) - 9.52%
AvalonBay Communities, Inc. (AVB) (REIT) - 9.09%
Essex Property Trust, Inc. (ESS) (REIT) - 7.72%
Mid-America Apartment Communities, Inc. (MAA) (REIT) - 5.53%
UDR, Inc. (UDR) (REIT) - 4.98%
Invitation Homes Inc. (INVH) (REIT) - 4.97%
American Homes 4 Rent (AMH) (REIT) - 4.96%
Prologis, Inc. (PLD) (REIT) - 4.28%
Sun Communities, Inc. (SUI) (REIT) - 3.73%
Public Storage (PSA) (REIT) - 3.58%
The REZ ETF had a total net asset value (NAV) of approximately $3.8 billion as of September 2021 and an expense ratio of 0.12%. It provides investors with exposure to the residential real estate sector in the United States, which can provide a source of diversification and potentially stable income through dividends paid by the underlying REITs. However, as with any investment, there are risks associated with investing in the residential real estate market, such as interest rate changes, economic conditions, and changes in government policies and regulations.
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