ICF vs. REAI ETF Comparison

Comparison of iShares Cohen & Steers REIT ETF (ICF) to Intelligent Real Estate ETF (REAI)

ICF

iShares Cohen & Steers REIT ETF

ICF Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index consists of selected real estate investment trusts ("REITs"). The objective of the underlying index is to represent relatively large and liquid REITs that may benefit from future consolidation and securitization of the U.S. real estate industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.84

Average Daily Volume

147,979

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	ICF	REAI
30 Days	-0.49%	-2.15%
60 Days	-1.74%	-2.40%
90 Days	1.49%	0.37%
12 Months	24.69%	27.07%

16 Overlapping Holdings

Symbol	Grade	Weight in ICF	Weight in REAI	Overlap
AMT	C	6.52%	1.44%	1.44%
BXP	C	1.55%	1.55%	1.55%
CCI	C	4.39%	1.51%	1.51%
ELS	C	1.67%	1.7%	1.67%
EQIX	A	8.37%	1.68%	1.68%
ESS	B	2.29%	1.71%	1.71%
FRT	B	1.19%	1.64%	1.19%
HST	C	1.59%	1.58%	1.58%
INVH	D	2.23%	1.6%	1.6%
IRM	C	3.64%	1.51%	1.51%
LAMR	C	1.49%	1.54%	1.49%
MAA	B	2.18%	1.65%	1.65%
PSA	C	4.7%	1.56%	1.56%
SPG	A	4.91%	1.68%	1.68%
SUI	C	1.74%	1.54%	1.54%
UDR	B	1.72%	1.64%	1.64%

ICF Overweight 14 Positions Relative to REAI

Symbol	Grade	Weight
WELL	A	7.89%
PLD	F	7.27%
DLR	B	4.95%
O	C	4.79%
EXR	C	3.75%
AVB	B	3.57%
VICI	C	3.56%
EQR	C	2.85%
SBAC	D	2.65%
ARE	F	2.02%
KIM	A	2.02%
REG	A	1.56%
AMH	C	1.54%
REXR	F	1.2%

ICF Underweight 44 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
SLG	B	-1.8%
UE	B	-1.75%
LTC	B	-1.73%
CBL	B	-1.72%
BRX	A	-1.71%
NXRT	B	-1.71%
SKT	A	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
GOOD	B	-1.68%
OLP	B	-1.68%
APLE	B	-1.65%
KRC	B	-1.65%
AAT	B	-1.65%
DRH	B	-1.64%
SBRA	C	-1.64%
VTR	B	-1.64%
CPT	B	-1.63%
XHR	B	-1.62%
RHP	B	-1.62%
AHH	D	-1.62%
OHI	C	-1.61%
NHI	D	-1.59%
UHT	D	-1.58%
BFS	C	-1.58%
DOC	C	-1.58%
STAG	D	-1.57%
PDM	D	-1.57%
FR	D	-1.56%
CDP	C	-1.56%
ESRT	C	-1.55%
GLPI	C	-1.55%
EGP	D	-1.55%
CUBE	C	-1.55%
HIW	C	-1.53%
ALX	D	-1.53%
EPR	C	-1.49%
BDN	C	-1.47%
PLYM	F	-1.43%
NNN	C	-1.42%
IIPR	D	-1.28%
OPI	F	-0.99%
SVC	F	-0.96%