What is ROOF?

ROOF tracks a tier-weighted index of developed market companies classified under real estate sectors that are expected to benefit from trends affecting property sectors in the global economy.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ROOF 8.27% 17.47% 6.55% -16.93% -4.36% 0.37% 3.82%
ROOF (NAV) 8.29% 16.80% 6.69% -16.93% -4.36% 0.31% 3.83%
IQ CBRE NextGen Real Estate Index -- -- -- -- -- -- --
MSCI World IMI / Real Estate -SEC -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ROOF Factset Analytics Insight

ROOF focuses on real estate sectors that are expected to gain from NextGen trends such as: Digital Transformation, eCommerce Revolution, and Generational Change. Starting with a universe of developed market companies, the fund screens for firms that are either in the technology real estate sector (cell tower and data centers), the industrial sector (logistics facilities), or the health care and residential real estate sectors (health care facilities and housing). Eligible companies must also meet the fund’s market-cap and liquidity criteria. Constituents are weighted by market-cap, subject to the following constraints: a) the three NextGen trends must be weighted equally, b) no single security may exceed 10% index weight, c) the aggregate weight of securities with weights of 5% or more should not exceed 22.5%, and d) the aggregate weight of non-US stocks should not exceed 25%. The index reconstitutes and rebalances quarterly. Prior to September 1, 2022, the fund tracked the IQ US Real Estate Small Cap Index and was called the IQ US Real Estate Small Cap ETF.

ROOF Summary Data

New York Life
06/14/11
0.60%
$29.52M
IQ CBRE NextGen Real Estate Index
MSCI World IMI / Real Estate -SEC
Open-Ended Fund

Peers

MSCI World IMI / Real Estate -SEC

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
-$0.00B 90 Days

ROOF Portfolio Data

$37.17B
27.51
2.30
4.12%
N/A
98

ROOF Index Data

IQ CBRE NextGen Real Estate Index
Tiered
Market Cap
MSCI World IMI / Real Estate -SEC

ROOF Portfolio Management

0.60%
--
--
--

ROOF Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

ROOF Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 01/23/23

This measurement shows how easy it is to trade a $1 million USD block of ROOF. ROOF is rated a 4 out of 5.

ROOF Tradability

5,550
$107.60K
3,164
$63.40K
0.32%
$0.06
-0.08%
0.40% / -4.36%
None
82.75%
50,000
0.06
0.04%
0.07%
0
$20.20
4

ROOF Sector/Industry Breakdown

ROOF Segment
Benchmark
93.72% --
5.64% --
0.80% --
-0.16% --

ROOF Top 10 Holdings

3.93%
2.73%
47.03%

ROOF Performance Statistics

--
--
--
--
--
MSCI World IMI / Real Estate -SEC

ROOF Countries

ROOF Segment
Benchmark
76.82% --
7.00% --
6.69% --
5.05% --
3.40% --
1.04% --
-- --
-- --
-- --
-- --

ROOF Regions

ROOF Segment
Benchmark
80.23% --
13.69% --
6.08% --
-- --

ROOF Economic Development

ROOF Segment
Benchmark
100.00% --
0.00% --

ROOF Benchmark Comparison Holdings

98
--
--
--

ROOF Benchmark Comparison Summary

ROOF Segment
Benchmark
98 --
$37.17B --
27.51 --
2.30 --
3.23% --
Medium --

ROOF Benchmark Comparison Market Cap Size

ROOF Segment
Benchmark
65.01% --
24.11% --
9.73% --
0.21% --