SRHR vs. REAI ETF Comparison

Comparison of SRH REIT Covered Call ETF (SRHR) to Intelligent Real Estate ETF (REAI)

SRHR

SRH REIT Covered Call ETF

SRHR Description

Under normal circumstances, the fund invests at least 80% of its net assets in Real Estate Investment Trusts ("REITs") that are publicly traded on domestic stock exchanges. In addition, the fund strategically implements an option strategy consisting of writing (selling) U.S. exchange-traded covered call options on the REITs in the fund"s portfolio. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.11

Average Daily Volume

40

Number of Holdings ^*

10

* 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

$21.44

Average Daily Volume

212

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	SRHR	REAI
30 Days	6.76%	9.31%
60 Days	7.67%	10.73%
90 Days	9.72%	12.64%
12 Months		10.62%

3 Overlapping Holdings

	Symbol	Grade	Weight in SRHR	Weight in REAI	Overlap
	FR	A	3.91%	2.51%	2.51%
	HIW	A	6.21%	2.57%	2.57%
	HST	F	3.72%	2.6%	2.6%

SRHR Overweight 7 Positions Relative to REAI

	Symbol	Grade	Weight
	EQIX	B	12.49%
	LAMR	B	8.87%
	PSA	B	5.45%
	STAG	A	4.32%
	DRH	F	4.22%
	CCI	A	4.02%
	SHO	D	3.89%

SRHR Underweight 7 Positions Relative to REAI

	Symbol	Grade	Weight
	DLR	B	-2.74%
	AKR	B	-2.63%
	EQR	A	-2.56%
	ROIC	B	-2.55%
	PEB	F	-2.54%
	VRE	B	-2.53%
	UDR	B	-2.51%

SRHR: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Hotel & Motel REIT - Industrial REIT - Office

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Marriott International Advertising Advertising Displays Advertising Space Antenna Systems Billboard Cement Services Center Services Colocation Colocation Services Communication Communication Design Computing Connection Services Connectivity Services Data Center Data Center Services

REAI: Top Represented Industries & Keywords

Industries: REIT - Office REIT - Hotel & Motel REIT - Residential REIT - Retail REIT - Industrial

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Retail Properties Champion Reit Dream Office Real Estate Investment Trust Host Hotels & Resorts Industrial Properties Industrial Real Estate Inland Residential Properties Trust Marriott International Northern Virginia Residential Real Estate Taxable Reit Subsidiaries