VRAI vs. GQRE ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to FlexShares Global Quality Real Estate Index Fund (GQRE)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.63

Average Daily Volume

872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.83

Average Daily Volume

18,812

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	GQRE
30 Days	1.21%	1.95%
60 Days	4.68%	8.09%
90 Days	6.93%	13.98%
12 Months	22.05%	34.00%

19 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in GQRE	Overlap
AAT	C	1.26%	0.24%	0.24%
ADC	B	1.24%	0.97%	0.97%
AMT	C	1.22%	2.69%	1.22%
APLE	D	1.06%	0.44%	0.44%
BNL	C	1.23%	0.46%	0.46%
CCI	C	1.22%	0.2%	0.2%
CPT	C	1.16%	1.7%	1.16%
CUBE	C	1.2%	1.55%	1.2%
EPR	C	1.21%	0.47%	0.47%
EPRT	C	1.28%	0.77%	0.77%
FR	C	1.21%	0.97%	0.97%
HST	D	1.03%	1.66%	1.03%
IIPR	C	1.28%	0.5%	0.5%
IVT	C	1.18%	0.27%	0.27%
KIM	C	1.24%	2.01%	1.24%
NSA	C	1.14%	0.43%	0.43%
PSA	C	1.25%	0.67%	0.67%
REG	C	1.18%	1.48%	1.18%
SKT	A	1.24%	0.46%	0.46%

VRAI Overweight 60 Positions Relative to GQRE

Symbol	Grade	Weight
CCOI	B	1.46%
OUT	C	1.38%
FDP	C	1.36%
ROIC	C	1.29%
BRX	C	1.25%
OGS	C	1.24%
NI	A	1.23%
KT	C	1.22%
WEC	A	1.22%
PNM	B	1.21%
LNT	A	1.2%
CMS	A	1.2%
TRNO	D	1.19%
ORAN	D	1.18%
CWEN	C	1.18%
REXR	D	1.17%
AEP	C	1.17%
CIG	B	1.17%
AVA	D	1.16%
EGP	D	1.16%
MAA	C	1.16%
ES	C	1.16%
EXR	C	1.14%
GGB	B	1.13%
RHP	C	1.13%
GFI	B	1.13%
NJR	C	1.13%
SCCO	B	1.12%
NRP	B	1.11%
VALE	B	1.07%
SPOK	D	1.07%
PAGP	D	1.06%
PBR	D	1.06%
SID	D	1.05%
PAA	D	1.04%
ARLP	A	1.04%
TS	D	1.02%
ENIC	D	1.01%
INVH	D	1.01%
EOG	B	1.01%
WES	D	1.01%
HESM	D	1.0%
NEP	D	1.0%
SBSW	D	0.99%
DMLP	B	0.98%
KRP	B	0.98%
SBR	D	0.96%
BSM	B	0.96%
COP	D	0.94%
FANG	D	0.9%
EQNR	D	0.9%
CTRA	D	0.88%
APA	F	0.84%
DVN	F	0.84%
OVV	F	0.81%
BRY	F	0.79%
PTEN	F	0.77%
GPRK	F	0.77%
EC	F	0.74%
NFE	F	0.42%

VRAI Underweight 44 Positions Relative to GQRE

Symbol	Grade	Weight
SPG	A	-5.29%
DLR	C	-5.01%
AVB	C	-4.15%
EQR	C	-3.26%
PLD	D	-3.14%
VICI	C	-2.5%
ESS	C	-2.45%
UDR	C	-1.82%
EQIX	B	-1.65%
AMH	D	-1.63%
LAMR	C	-1.51%
WELL	C	-1.29%
NNN	A	-1.15%
STAG	D	-0.93%
VNO	A	-0.82%
KRG	C	-0.75%
IRM	A	-0.68%
IRT	C	-0.59%
CUZ	C	-0.58%
SLG	C	-0.58%
KRC	C	-0.57%
SBRA	C	-0.56%
HASI	C	-0.5%
NHI	C	-0.47%
HIW	C	-0.46%
WY	B	-0.45%
O	A	-0.44%
PK	D	-0.41%
UE	C	-0.33%
AKR	C	-0.32%
DBRG	D	-0.31%
EQC	D	-0.28%
SHO	D	-0.28%
XHR	B	-0.27%
JOE	D	-0.27%
LTC	D	-0.26%
PDM	C	-0.26%
ESRT	C	-0.26%
DRH	C	-0.25%
ALEX	D	-0.25%
NXRT	D	-0.23%
RLJ	D	-0.23%
CSR	D	-0.22%
HPP	F	-0.18%