BLDG vs. REAI ETF Comparison

Comparison of Cambria Global Real Estate ETF (BLDG) to Intelligent Real Estate ETF (REAI)

BLDG

Cambria Global Real Estate ETF

BLDG Description

The investment seeks income and capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, ?real estate companies?) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund?s investment adviser (?Cambria?).

Grade (RS Rating)

Last Trade

$26.62

Average Daily Volume

4,140

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

$22.32

Average Daily Volume

274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BLDG	REAI
30 Days	0.20%	-0.38%
60 Days	-2.55%	-2.39%
90 Days	1.30%	1.39%
12 Months	14.44%	28.37%

21 Overlapping Holdings

Symbol	Grade	Weight in BLDG	Weight in REAI	Overlap
AAT	B	1.41%	1.65%	1.41%
ALX	D	1.29%	1.53%	1.29%
BDN	C	1.24%	1.47%	1.24%
BXP	D	1.34%	1.55%	1.34%
DEI	B	1.39%	1.69%	1.39%
ESRT	C	1.36%	1.55%	1.36%
GOOD	B	1.43%	1.68%	1.43%
HIW	D	1.27%	1.53%	1.27%
IIPR	D	1.06%	1.28%	1.06%
KRC	C	1.53%	1.65%	1.53%
LTC	B	1.39%	1.73%	1.39%
MAC	B	1.47%	1.7%	1.47%
NHI	D	1.26%	1.59%	1.26%
NNN	D	1.12%	1.42%	1.12%
OHI	C	1.29%	1.61%	1.29%
OLP	B	1.42%	1.68%	1.42%
OPI	F	0.87%	0.99%	0.87%
PDM	D	1.32%	1.57%	1.32%
SBRA	C	1.38%	1.64%	1.38%
SLG	B	1.49%	1.8%	1.49%
STAG	F	1.28%	1.57%	1.28%

BLDG Overweight 23 Positions Relative to REAI

Symbol	Grade	Weight
FSP	C	1.61%
ROIC	A	1.49%
PK	B	1.45%
WSR	A	1.44%
PGRE	F	1.42%
AKR	B	1.41%
CUZ	B	1.38%
CSR	B	1.37%
AVB	B	1.36%
CTO	B	1.36%
WELL	A	1.35%
EPRT	B	1.34%
IVT	B	1.34%
CTRE	D	1.3%
PINE	C	1.3%
LXP	D	1.29%
FCPT	C	1.28%
TRNO	F	1.25%
HPP	F	1.21%
JBGS	D	1.2%
BNL	D	1.2%
CIO	D	1.19%
WPC	D	1.19%

BLDG Underweight 39 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
UE	C	-1.75%
CBL	A	-1.72%
BRX	A	-1.71%
ESS	B	-1.71%
NXRT	B	-1.71%
SKT	B	-1.7%
ELS	C	-1.7%
EQIX	A	-1.68%
SPG	B	-1.68%
APLE	B	-1.65%
MAA	B	-1.65%
DRH	B	-1.64%
VTR	C	-1.64%
FRT	B	-1.64%
UDR	B	-1.64%
CPT	B	-1.63%
XHR	B	-1.62%
RHP	B	-1.62%
AHH	D	-1.62%
INVH	D	-1.6%
UHT	D	-1.58%
BFS	C	-1.58%
HST	C	-1.58%
DOC	D	-1.58%
FR	C	-1.56%
PSA	D	-1.56%
CDP	C	-1.56%
GLPI	C	-1.55%
EGP	F	-1.55%
CUBE	D	-1.55%
LAMR	D	-1.54%
SUI	D	-1.54%
CCI	D	-1.51%
IRM	D	-1.51%
EPR	D	-1.49%
AMT	D	-1.44%
PLYM	F	-1.43%
SVC	F	-0.96%