# Emles Real Estate Credit ETF (REC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rec for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Emles · Asset class: Equity - Strategy: Thematic · Inception: 2020-10-14 The index is a market value weighted index designed to measure the performance of corporate bonds issued in the U.S. by U.S. companies (and their subsidiaries) in the real estate sector. The fund generally invests at least 90% of its net assets (plus borrowings for investment purposes) in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $20.06 | | Expense Ratio | 0.48% | | Assets Under Management | $4.1M | | NAV | $20.09 | | Holdings Count | 1 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $20.06 – $20.06 | | Beta | 0.00 | ## Latest Distribution - Amount: $0.0480 /share - Ex-date: 2022-09-27 - Pay date: 2022-09-30 ## Frequently Asked Questions ### What does REC invest in? The index is a market value weighted index designed to measure the performance of corporate bonds issued in the U.S. by U.S. companies (and their subsidiaries) in the real estate sector. The fund generally invests at least 90% of its net assets (plus borrowings for investment purposes) in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified. ### What is the expense ratio of REC? Emles Real Estate Credit ETF (REC) charges an expense ratio of 0.48%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is REC? Emles Real Estate Credit ETF (REC) manages $4.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is REC actively managed or an index fund? REC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was REC launched? Emles Real Estate Credit ETF (REC) launched in October 2020 and is managed by Emles. ### How has REC performed? REC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does REC pay a dividend? Emles Real Estate Credit ETF (REC) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does REC pay dividends? Emles Real Estate Credit ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is REC's dividend yield? REC's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is REC's next ex-dividend date? The most recently announced ex-dividend date for REC was 2022-09-27. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will REC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.48% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does REC charge its expense ratio? The expense ratio is deducted in tiny daily slices from REC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does REC cost more than a fund like VOO? REC's strategy (current expense ratio 0.48%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where REC sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to REC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as REC (0.48%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rec - Distribution history: https://www.dividenddata.com/funds/rec/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rec/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rec/expenses - Peer comparison: https://www.dividenddata.com/funds/rec/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.