JPRE vs. REAI ETF Comparison

Comparison of JPMorgan Realty Income ETF (JPRE) to Intelligent Real Estate ETF (REAI)

JPRE

JPMorgan Realty Income ETF

JPRE Description

The investment seeks to provide high total investment return through a combination of capital appreciation and current income. The fund seeks to achieve its objective by investing substantially all of its assets, and in any event under normal circumstances at least 80% of its net assets (plus the amount of any borrowings for investment purposes), in equity securities of real estate investment trusts (REITs), including REITs with relatively small market capitalizations. It may invest in both equity REITs and mortgage REITs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.49

Average Daily Volume

23,825

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	JPRE	REAI
30 Days	-0.94%	-0.38%
60 Days	-1.77%	-2.39%
90 Days	2.85%	1.39%
12 Months	25.24%	28.37%

13 Overlapping Holdings

Symbol	Grade	Weight in JPRE	Weight in REAI	Overlap
AMT	D	7.89%	1.44%	1.44%
BXP	D	2.94%	1.55%	1.55%
CDP	C	2.12%	1.56%	1.56%
EGP	F	2.88%	1.55%	1.55%
ELS	C	3.7%	1.7%	1.7%
EQIX	A	8.35%	1.68%	1.68%
FRT	B	2.96%	1.64%	1.64%
HST	C	2.32%	1.58%	1.58%
INVH	D	1.41%	1.6%	1.41%
PSA	D	1.6%	1.56%	1.56%
SBRA	C	1.72%	1.64%	1.64%
UDR	B	3.8%	1.64%	1.64%
VTR	C	4.67%	1.64%	1.64%

JPRE Overweight 16 Positions Relative to REAI

Symbol	Grade	Weight
WELL	A	7.66%
PLD	D	6.33%
DLR	B	5.7%
VICI	C	4.05%
EXR	D	3.73%
AMH	D	3.69%
ARE	D	3.23%
EQR	B	2.66%
KRG	B	2.64%
SBAC	D	2.02%
CTRE	D	1.87%
COLD	D	1.75%
CUZ	B	1.44%
KIM	A	1.41%
WY	D	1.35%
OUT	A	1.07%

JPRE Underweight 47 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
SLG	B	-1.8%
UE	C	-1.75%
LTC	B	-1.73%
CBL	A	-1.72%
BRX	A	-1.71%
ESS	B	-1.71%
NXRT	B	-1.71%
SKT	B	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
SPG	B	-1.68%
GOOD	B	-1.68%
OLP	B	-1.68%
APLE	B	-1.65%
KRC	C	-1.65%
AAT	B	-1.65%
MAA	B	-1.65%
DRH	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	D	-1.58%
STAG	F	-1.57%
PDM	D	-1.57%
FR	C	-1.56%
ESRT	C	-1.55%
GLPI	C	-1.55%
CUBE	D	-1.55%
LAMR	D	-1.54%
SUI	D	-1.54%
HIW	D	-1.53%
ALX	D	-1.53%
CCI	D	-1.51%
IRM	D	-1.51%
EPR	D	-1.49%
BDN	C	-1.47%
PLYM	F	-1.43%
NNN	D	-1.42%
IIPR	D	-1.28%
OPI	F	-0.99%
SVC	F	-0.96%