CRED vs. REAI ETF Comparison

Comparison of Columbia Research Enhanced Real Estate ETF (CRED) to Intelligent Real Estate ETF (REAI)

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$23.28

Average Daily Volume

676

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

$21.89

Average Daily Volume

274

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CRED	REAI
30 Days	-1.88%	-3.16%
60 Days	-2.23%	-3.88%
90 Days	3.50%	0.99%
12 Months	24.01%	25.75%

37 Overlapping Holdings

Symbol	Grade	Weight in CRED	Weight in REAI	Overlap
AHH	D	0.17%	1.62%	0.17%
AMT	D	10.98%	1.44%	1.44%
APLE	B	0.64%	1.65%	0.64%
BDN	C	0.16%	1.47%	0.16%
BRX	A	1.45%	1.71%	1.45%
BXP	D	1.51%	1.55%	1.51%
CCI	C	6.96%	1.51%	1.51%
CDP	D	0.39%	1.56%	0.39%
CUBE	D	1.2%	1.55%	1.2%
DEI	A	0.33%	1.69%	0.33%
DOC	D	2.75%	1.58%	1.58%
DRH	B	0.19%	1.64%	0.19%
EPR	D	0.77%	1.49%	0.77%
EQIX	A	7.18%	1.68%	1.68%
ESRT	C	0.13%	1.55%	0.13%
FR	D	0.92%	1.56%	0.92%
GLPI	C	1.81%	1.55%	1.55%
HIW	D	0.78%	1.53%	0.78%
HST	D	1.27%	1.58%	1.27%
INVH	D	2.5%	1.6%	1.6%
IRM	C	3.91%	1.51%	1.51%
KRC	C	0.87%	1.65%	0.87%
LAMR	D	1.93%	1.54%	1.54%
MAA	B	3.18%	1.65%	1.65%
MAC	A	0.43%	1.7%	0.43%
NNN	C	0.85%	1.42%	0.85%
OHI	C	1.36%	1.61%	1.36%
OPI	F	0.01%	0.99%	0.01%
PDM	D	0.27%	1.57%	0.27%
RHP	B	0.85%	1.62%	0.85%
SBRA	B	0.76%	1.64%	0.76%
SKT	A	0.39%	1.7%	0.39%
SPG	A	7.67%	1.68%	1.68%
STAG	D	0.96%	1.57%	0.96%
SUI	C	1.31%	1.54%	1.31%
UE	B	0.28%	1.75%	0.28%
XHR	B	0.2%	1.62%	0.2%

CRED Overweight 33 Positions Relative to REAI

Symbol	Grade	Weight
DLR	A	6.22%
O	D	5.9%
AVB	B	3.32%
SBAC	D	2.68%
WY	D	2.39%
AMH	C	1.7%
KRG	A	1.01%
CUZ	B	0.83%
CTRE	C	0.73%
VNO	C	0.64%
NSA	C	0.63%
PECO	B	0.61%
EPRT	A	0.54%
RYN	D	0.51%
OUT	A	0.51%
LXP	D	0.49%
MPW	F	0.47%
BNL	D	0.43%
PK	D	0.4%
PCH	D	0.36%
GNL	D	0.31%
UNIT	B	0.22%
RLJ	C	0.19%
JBGS	D	0.18%
SHO	D	0.17%
UMH	B	0.14%
PEB	F	0.12%
WSR	B	0.12%
GMRE	F	0.11%
INN	D	0.09%
PGRE	F	0.08%
HPP	F	0.07%
ILPT	F	0.02%

CRED Underweight 23 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
SLG	B	-1.8%
LTC	B	-1.73%
CBL	A	-1.72%
ESS	B	-1.71%
NXRT	A	-1.71%
ELS	B	-1.7%
GOOD	B	-1.68%
OLP	B	-1.68%
AAT	A	-1.65%
VTR	B	-1.64%
FRT	B	-1.64%
UDR	C	-1.64%
CPT	C	-1.63%
NHI	D	-1.59%
UHT	D	-1.58%
BFS	C	-1.58%
PSA	D	-1.56%
EGP	D	-1.55%
ALX	D	-1.53%
PLYM	F	-1.43%
IIPR	F	-1.28%
SVC	F	-0.96%