ARB vs. REAI ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Intelligent Real Estate ETF (REAI)

ARB

AltShares Merger Arbitrage ETF

ARB Description

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.92

Average Daily Volume

8,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$22.24

Average Daily Volume

397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	REAI
30 Days	0.67%	-3.69%
60 Days	1.19%	-2.76%
90 Days	2.09%	1.31%
12 Months	6.56%	27.66%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in REAI	Overlap

ARB Overweight 44 Positions Relative to REAI

Symbol	Grade	Weight
MRO	C	2.76%
RCM	A	2.73%
CTLT	D	2.72%
HCP	A	2.72%
SPR	C	2.68%
K	A	2.67%
JNPR	A	2.66%
ANSS	C	2.57%
INFN	B	2.27%
SRCL	A	2.19%
CHX	F	2.19%
ENV	A	2.17%
SILK	A	2.16%
PETQ	A	2.14%
EVRI	A	2.13%
RVNC	C	2.07%
HA	A	2.02%
HES	B	1.95%
DFS	A	1.9%
X	C	1.85%
DO	D	1.83%
ALE	A	1.81%
PRFT	A	1.81%
PWSC	C	1.81%
AXNX	A	1.81%
INST	A	1.79%
VZIO	C	1.78%
AMK	B	1.78%
GTHX	A	1.72%
SRDX	D	1.4%
FBMS	B	1.16%
HTLF	A	1.15%
BALY	A	1.14%
CHUY	B	1.13%
TWKS	A	1.11%
MGRC	A	1.07%
ITI	A	1.07%
SWN	C	0.94%
CALT	C	0.58%
AAN	B	0.56%
CNSL	A	0.54%
AGS	A	0.53%
HAYN	A	0.53%
SRCL	A	0.5%

ARB Underweight 60 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	B	-1.83%
SLG	B	-1.79%
SBRA	B	-1.74%
OHI	B	-1.72%
LTC	A	-1.72%
VTR	B	-1.69%
UE	B	-1.69%
EQIX	B	-1.69%
KRC	B	-1.68%
DOC	C	-1.67%
CDP	B	-1.67%
ELS	D	-1.66%
CBL	B	-1.66%
IRM	B	-1.65%
MAC	B	-1.65%
SUI	D	-1.64%
AAT	C	-1.63%
DEI	B	-1.62%
AHH	D	-1.61%
STAG	D	-1.61%
PDM	C	-1.61%
ESS	D	-1.6%
FRT	D	-1.6%
BRX	C	-1.6%
HIW	C	-1.6%
GLPI	D	-1.59%
IIPR	C	-1.59%
LAMR	B	-1.59%
OLP	C	-1.59%
ALX	D	-1.59%
NXRT	D	-1.58%
SKT	B	-1.58%
MAA	D	-1.58%
SPG	C	-1.58%
NHI	C	-1.57%
CCI	D	-1.57%
AMT	D	-1.57%
GOOD	C	-1.57%
CPT	D	-1.56%
APLE	C	-1.56%
BFS	D	-1.56%
BXP	C	-1.56%
DRH	D	-1.55%
EGP	D	-1.55%
ESRT	C	-1.55%
UDR	D	-1.55%
PLYM	F	-1.55%
FR	D	-1.55%
HST	D	-1.55%
RHP	B	-1.54%
CUBE	D	-1.54%
PSA	D	-1.54%
UHT	D	-1.53%
EPR	D	-1.52%
XHR	C	-1.52%
INVH	F	-1.49%
NNN	D	-1.46%
BDN	C	-1.43%
OPI	F	-1.25%
SVC	F	-1.1%