Highlights

  • USRT targets US real estate equities through an Equity REIT mandate.
  • The published expense ratio is 0.08%.
  • The fund's distribution frequency is quarterly.

iShares Core U.S. REIT ETF (NYSE Arca:USRT) seeks exposure to US real estate equities through an equity REIT mandate. With net asset value of USD 64.50 per share as of 2 November 2026, the fund reported net Assets of USD 4,285,803,398 as of 2 November 2026. Its Investment approach centres on tracking the FTSE Nareit Equity REITS 40 Act Capped Index.

Property Subsectors Give the Mandate Substance

An equity REIT portfolio connects shareholders to businesses that own or operate property assets. The economic drivers can differ between healthcare facilities, retail property, industrial premises and other categories. Occupancy, Lease terms and operating costs help determine property cash flows. Looking at the subsegment allocation therefore provides more information than treating every real estate holding as the same type of business.

Portfolio Composition and Exposure

USRT reported 122 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Health Care REITs at 19.55% and Retail Reits at 17.68%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

USRT lists an expense ratio of 0.08%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on NYSE Arca at market prices, which may differ from net asset value.

The stated distribution frequency is quarterly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Higher financing costs, tenant weakness and changes in property valuations can affect equity REITs. Diversification across property categories can still leave substantial exposure to common Interest Rate conditions. USRT offers a broad equity REIT structure, with the property subsegment mix determining how rental markets and financing conditions feed into the portfolio.