NYLIM CBRE Real Estate & Infrastructure ETF

NYLIM CBRE Real Estate & Infrastructure ETF (REIX) is an actively managed New York Life fund, with CBRE picking about 105 property and infrastructure stocks worldwide, led by Welltower and Equinix. Unlike the global property funds it most resembles, it also owns utilities, pipelines and railroads. It charges 0.45% a year after a fee waiver, against a 0.18% average for similar funds, and held only $6.9 million as of July 31, 2026.

• Over the year to Oct 27, 2026, REIX returned +5.2%, 4th of 9 among similar funds.
• Its worst full calendar year was 2024 (+5.6%); its best was 2025 (+12.4%).
• The deepest fall in its price history was 15.7% (Jul 26, 2023 to Oct 27, 2023), recovered by Dec 14, 2023.

As of Jul 31, 2026, the fund held 105 securities; the ten largest made up 26.57% of assets.

• Over the three months to Jul 31, 2026, investors withdrew a net $8K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -2.37%, +1.30%, +1.33%.

REIX has no index: CBRE Investment Management Listed Real Assets picks the stocks, normally keeping at least 80% of assets in real estate and infrastructure companies, with more than 25% in each. A company generally qualifies if at least half its revenue, earnings or assets are tied to property or to assets such as toll roads, airports, power lines, pipelines, cell towers or data centers. Most holdings are common stocks, including REITs (real estate investment trusts, which own property and pay out most of their income).

CBRE starts from the top, studying the economy and private and public market trends to judge which sectors look attractive. It then rates companies on management, the stability and growth of cash flows and dividends, asset locations, financing, regulation and environmental, social and governance (ESG) factors. Weights reflect its views, not an index formula, and it may trim or drop holdings to lock in gains, limit losses or pursue more promising ideas. Portfolio turnover, a gauge of trading, was 108%, roughly like replacing the whole portfolio in a year.

The fund can invest anywhere, including up to 30% in emerging markets, and may hedge currencies. As of July 31, 2026, 61.3% sat in US companies; the 10 largest holdings made up 26.6%, and there were no derivatives.

• REIX charges 0.45% a year, versus an average of 0.18% for the similar funds below (8th of 9, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• The fee includes a 1.39% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $46 in the first year and $791 over 10 years (assuming a 5% annual return).

It blends global listed real estate and infrastructure, and over the year to October 27, 2026 its beta, a gauge of how much it moves with the stock market, was a low 0.31.

REIX adds global property and infrastructure stocks that have moved only loosely with the wider market. Launched in May 2023, it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its deepest peak-to-trough fall, 15.7% from July 26 to October 27, 2023, took 1.6 months to recover. Its worst calendar year, 2024, still returned 5.61%, despite a 6.95% loss in that year's final quarter. A retiree needing money during a longer slump might have to cash out shares at depressed prices, and a deeper slide than any seen so far is possible.

The fund yielded 2.73% over the 12 months to October 27, 2026, paid quarterly. It costs 0.45% after a fee waiver, versus a 0.18% average for similar funds. Past results don't predict the future, and a plan needs to weigh the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.