GQRE vs. REAI ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to Intelligent Real Estate ETF (REAI)

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

$60.68

Average Daily Volume

18,376

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

$22.09

Average Daily Volume

273

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	REAI
30 Days	-0.92%	-2.15%
60 Days	-2.23%	-2.40%
90 Days	0.75%	0.37%
12 Months	21.78%	27.07%

32 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in REAI	Overlap
AAT	B	0.26%	1.65%	0.26%
AMT	C	2.37%	1.44%	1.44%
APLE	B	0.47%	1.65%	0.47%
CCI	C	0.19%	1.51%	0.19%
CPT	B	1.73%	1.63%	1.63%
CUBE	C	1.45%	1.55%	1.45%
DRH	B	0.26%	1.64%	0.26%
EPR	C	0.45%	1.49%	0.45%
EQIX	A	1.74%	1.68%	1.68%
ESRT	C	0.26%	1.55%	0.26%
ESS	B	2.62%	1.71%	1.71%
FR	D	0.94%	1.56%	0.94%
HIW	C	0.46%	1.53%	0.46%
HST	C	1.66%	1.58%	1.58%
IIPR	D	0.4%	1.28%	0.4%
IRM	C	0.69%	1.51%	0.69%
KRC	B	0.6%	1.65%	0.6%
LAMR	C	1.5%	1.54%	1.5%
LTC	B	0.28%	1.73%	0.28%
NHI	D	0.45%	1.59%	0.45%
NNN	C	1.04%	1.42%	1.04%
NXRT	B	0.24%	1.71%	0.24%
PDM	D	0.26%	1.57%	0.26%
PSA	C	0.64%	1.56%	0.64%
SBRA	C	0.57%	1.64%	0.57%
SKT	A	0.52%	1.7%	0.52%
SLG	B	0.66%	1.8%	0.66%
SPG	A	5.85%	1.68%	1.68%
STAG	D	0.89%	1.57%	0.89%
UDR	B	1.88%	1.64%	1.64%
UE	B	0.38%	1.75%	0.38%
XHR	B	0.28%	1.62%	0.28%

GQRE Overweight 31 Positions Relative to REAI

Symbol	Grade	Weight
DLR	B	5.76%
AVB	B	4.37%
EQR	C	3.36%
PLD	F	2.99%
VICI	C	2.46%
KIM	A	2.25%
AMH	C	1.67%
REG	A	1.59%
WELL	A	1.42%
ADC	A	1.02%
VNO	C	0.91%
KRG	B	0.8%
EPRT	B	0.77%
CUZ	B	0.64%
IRT	A	0.63%
WY	F	0.43%
BNL	D	0.43%
PK	C	0.42%
HASI	D	0.42%
O	C	0.41%
NSA	C	0.4%
AKR	B	0.35%
IVT	A	0.3%
EQC	B	0.29%
SHO	D	0.28%
DBRG	F	0.28%
ALEX	B	0.26%
CSR	B	0.24%
JOE	F	0.24%
RLJ	C	0.24%
HPP	F	0.16%

GQRE Underweight 28 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
CBL	B	-1.72%
BRX	A	-1.71%
ELS	C	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
GOOD	B	-1.68%
OLP	B	-1.68%
MAA	B	-1.65%
VTR	B	-1.64%
FRT	B	-1.64%
RHP	B	-1.62%
AHH	D	-1.62%
OHI	C	-1.61%
INVH	D	-1.6%
UHT	D	-1.58%
BFS	C	-1.58%
DOC	C	-1.58%
CDP	C	-1.56%
GLPI	C	-1.55%
BXP	C	-1.55%
EGP	D	-1.55%
SUI	C	-1.54%
ALX	D	-1.53%
BDN	C	-1.47%
PLYM	F	-1.43%
OPI	F	-0.99%
SVC	F	-0.96%