ETF Evaluator:
NYLI CBRE Real Assets ETF ()
Follow This ETF
(as of Aug 24)
Best Performing in Global Real Estate Over the Last Year
| 26.9% | WisdomTree New Economy Real Estate ETF (WTRE) |
| 21.0% | State Street® SPDR® Dow Jones® GlbRE ETF (RWO) |
| 20.0% | iShares Global REIT ETF (REET) |
| 17.7% | iShares Environmentally Aware Rl Est ETF (ERET) |
| 17.0% | Vert Global Sustainable Real Estate ETF (VGSR) |
Risk
Index
Risk
Index
ETF Details
NYLI CBRE Real Assets ETF Overview
NYLI CBRE Real Assets ETF (IQRA) is an actively managed Sector Equity Global Real Estate exchange-traded fund (ETF). New York Life Investment Management LLC launched the ETF in 2023.
The investment seeks total return through capital growth and current income.
The fund will normally invest at least 80% of its assets (net assets the amount of any borrowings for investment purposes) in securities issued by real assets companies. Under normal circumstances, the fund invests primarily in common stock but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships (“MLPs”), and depositary receipts with characteristics similar to common stock.
About NYLI CBRE Real Assets ETF (IQRA)
There are 4 members of the management team with an average tenure of 3.23 years: Daniel Foley (2023), Jonathan Miniman (2023), Jeremy Anagnos (2023) and Joseph Smith (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 3 primary benchmarks: MSCI World NR USD index with a weighting of 100%, FTSE Global Core Infra 50/50 TR USD index with a weighting of 50% and FTSE EPRA Nareit Developed TR USD index with a weighting of 50%. NYLI CBRE Real Assets ETF has 111 securities in its portfolio. The top 10 holdings constitute 26.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
NYLI CBRE Real Assets ETF is part of the Equity global asset class and is within the Sector Equity ETF group. NYLI CBRE Real Assets ETF has 38.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 61.2% There is 38.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.6% (0.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). NYLI CBRE Real Assets ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $1 billion average for the Global Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IQRA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NYLI CBRE Real Assets ETF expense ratio is above average compared to funds in the Global Real Estate category. NYLI CBRE Real Assets ETF has an expense ratio of 0.65%, which is 62% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. NYLI CBRE Real Assets ETF has a portfolio turnover rate of 108%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Global Real Estate category.
Recently, in the month of July 2026, NYLI CBRE Real Assets ETF returned 1.3%, which earned it a grade of F, as the Global Real Estate category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
NYLI CBRE Real Assets ETF has a trailing yield of 2.65%, which is below the 3.59% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
NYLI CBRE Real Assets ETF Grades
Year to date, the ETF has returned 10.4%, 0.6 percentage points better than the category, which translates into a grade of D. The fund has returned 15.4% over the past year (grade of D) and 10.2% over the past three years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about NYLI CBRE Real Assets ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
IQRA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IQRA Return (NAV) | 1.3% | 0.2% | 15.4% | 10.2% | na | na |
| IQRA Return (Price) | 1.9% | 5.3% | 15.9% | 10.6% | na | na |
| NAV +/- Price Return | -0.522% | -5.053% | -0.490% | -0.339% | na | na |
| Global Real Estate Avg | 2.4% | 1.8% | 15.3% | 9.0% | 0.8% | 2.5% |
| IQRA Grade (NAV) | F | D | D | A | na | na |
| +/- Category (NAV) | -1.1% | -1.6% | 0.1% | 1.2% | na | na |
| IQRA Tax-Cost Ratio | na | na | 1.2% | 1.2% | na | na |
IQRA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IQRA Return (NAV) | 10.4% | 12.3% | 5.6% | na | na | na | na | na | na | na | na |
| IQRA Return (Price) | 11.1% | 12.8% | 5.6% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.064% | 0.042% | -0.009% | na | na | na | na | na | na | na | na |
| Global Real Estate Avg | 9.8% | 13.8% | -0.6% | 9.2% | -24.1% | 18.9% | -9.3% | 21.8% | -8.1% | 18.5% | 3.3% |
| IQRA Grade (NAV) | D | B | A | na | na | na | na | na | na | na | na |
| +/- Category | 0.6% | -1.5% | 6.2% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.81 |
| R-Squared: | 52% |
| Standard Deviation: | 14.2% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.16 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 7 Mil |
| Share Class Assets: | $ 7 Mil |
| Turnover: | 108.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | MSCI World NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Foley Daniel (2023), Miniman Jonathan (2023), Anagnos Jeremy (2023), Smith Joseph (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 111 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 38.2% |
Portfolio Allocation |
|
| Domestic Stock: | 61.2% |
| Foreign Stock: | 38.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | New York Life Investment Management LLC |
| Phone Number: | 888-474-7725 |
| Website: | www.indexiq.com |
| Inception Date: | May 9, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.40% |
