MARB vs. REAI ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to Intelligent Real Estate ETF (REAI)

MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.72

Average Daily Volume

7,030

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	MARB	REAI
30 Days	-1.03%	-2.15%
60 Days	-1.01%	-2.40%
90 Days	-1.64%	0.37%
12 Months	-0.91%	27.07%

0 Overlapping Holdings

	Symbol	Grade	Weight in MARB	Weight in REAI	Overlap

MARB Overweight 34 Positions Relative to REAI

Symbol	Grade	Weight
HTLF	B	7.98%
HCP	B	5.64%
EDR	A	4.92%
ACI	C	4.88%
DFS	B	4.67%
AMED	F	4.57%
AXNX	A	4.2%
NAPA	A	3.99%
ANSS	B	3.85%
B	A	3.78%
JNPR	D	3.65%
EVRI	A	3.48%
K	A	3.28%
ESGR	B	3.18%
CTLT	C	3.17%
HES	B	3.07%
VZIO	A	3.05%
CHX	C	2.78%
LBPH	A	2.78%
MGRC	B	2.75%
FYBR	C	2.53%
ENV	B	2.38%
SRDX	B	2.29%
IBTX	B	2.21%
RCM	A	2.07%
MRO	B	2.03%
WSC	F	-1.0%
COP	C	-2.02%
SNPS	B	-2.21%
SSB	B	-2.22%
CVX	A	-3.56%
SLB	C	-4.15%
COF	C	-5.12%
UMBF	B	-8.33%

MARB Underweight 60 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%
ESS	B	-1.71%
NXRT	B	-1.71%
SKT	A	-1.7%
ELS	C	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
EQIX	A	-1.68%
SPG	A	-1.68%
GOOD	B	-1.68%
OLP	B	-1.68%
APLE	B	-1.65%
KRC	B	-1.65%
AAT	B	-1.65%
MAA	B	-1.65%
DRH	B	-1.64%
SBRA	C	-1.64%
VTR	B	-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%
OHI	C	-1.61%
INVH	D	-1.6%
NHI	D	-1.59%
UHT	D	-1.58%
BFS	C	-1.58%
HST	C	-1.58%
DOC	C	-1.58%
STAG	D	-1.57%
PDM	D	-1.57%
FR	D	-1.56%
PSA	C	-1.56%
CDP	C	-1.56%
ESRT	C	-1.55%
GLPI	C	-1.55%
BXP	C	-1.55%
EGP	D	-1.55%
CUBE	C	-1.55%
LAMR	C	-1.54%
SUI	C	-1.54%
HIW	C	-1.53%
ALX	D	-1.53%
CCI	C	-1.51%
IRM	C	-1.51%
EPR	C	-1.49%
BDN	C	-1.47%
AMT	C	-1.44%
PLYM	F	-1.43%
NNN	C	-1.42%
IIPR	D	-1.28%
OPI	F	-0.99%
SVC	F	-0.96%