REIT vs. JRE ETF Comparison

Comparison of ALPS Active REIT ETF (REIT) to Janus Henderson U.S. Real Estate ETF (JRE)

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

5,707

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JRE

Janus Henderson U.S. Real Estate ETF

JRE Description

An actively managed equity Portfolio that seeks compelling outperformance by investing in REITs and real estate related businesses. Our emphasis on local property market knowledge combined with a repeatable, disciplined investment process seeks to provide defensive growth, diversification relative to broad equities and fixed income, and dividends for investors.

Grade (RS Rating)

Last Trade

$22.09

Average Daily Volume

1,038

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REIT	JRE
30 Days	7.41%	7.42%
60 Days	0.35%	0.60%
90 Days	0.59%	0.04%
12 Months	9.95%	4.13%

11 Overlapping Holdings

Symbol	Grade	Weight in REIT	Weight in JRE	Overlap
AVB	B	6.01%	4.77%	4.77%
COLD	D	2.1%	3.49%	2.1%
ELS	D	2.48%	3.29%	2.48%
EQIX	D	9.04%	10.49%	9.04%
EXR	C	2.81%	6.46%	2.81%
FR	F	2.77%	4.18%	2.77%
KRC	C	2.34%	3.78%	2.34%
MAC	D	2.55%	2.89%	2.55%
PLD	F	3.88%	6.51%	3.88%
STAG	C	2.91%	2.68%	2.68%
WELL	B	4.22%	7.33%	4.22%

REIT Overweight 17 Positions Relative to JRE

Symbol	Grade	Weight
VICI	C	6.64%
PSA	C	5.85%
SPG	C	4.95%
INVH	B	4.92%
LXP	D	3.89%
EQR	B	3.56%
O	C	3.19%
DLR	C	3.03%
BNL	C	2.85%
EPRT	B	2.56%
PK	D	2.25%
BRX	C	2.16%
CUZ	C	2.13%
OHI	C	2.0%
DOC	B	1.72%
ROIC	D	1.49%
ESRT	D	1.47%

REIT Underweight 10 Positions Relative to JRE

Symbol	Grade	Weight
CUBE	C	-5.41%
SBRA	B	-4.95%
KIM	C	-3.63%
EGP	F	-3.53%
UDR	C	-3.53%
NNN	B	-3.49%
SBAC	F	-3.13%
ADC	C	-3.01%
WH	F	-2.28%
CBRE	C	-2.14%