RWR vs. REAI ETF Comparison

Comparison of SPDR DJ Wilshire REIT ETF (RWR) to Intelligent Real Estate ETF (REAI)

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.56

Average Daily Volume

328,265

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	RWR	REAI
30 Days	0.48%	-2.15%
60 Days	-0.61%	-2.40%
90 Days	2.23%	0.37%
12 Months	27.65%	27.07%

46 Overlapping Holdings

Symbol	Grade	Weight in RWR	Weight in REAI	Overlap
AAT	B	0.13%	1.65%	0.13%
APLE	B	0.34%	1.65%	0.34%
BDN	C	0.09%	1.47%	0.09%
BRX	A	0.85%	1.71%	0.85%
BXP	C	1.13%	1.55%	1.13%
CDP	C	0.33%	1.56%	0.33%
CHCT	C	0.05%	1.83%	0.05%
CPT	B	1.26%	1.63%	1.26%
CUBE	C	1.06%	1.55%	1.06%
DEI	B	0.3%	1.69%	0.3%
DOC	C	1.47%	1.58%	1.47%
DRH	B	0.18%	1.64%	0.18%
EGP	D	0.82%	1.55%	0.82%
ELS	C	1.31%	1.7%	1.31%
EPR	C	0.33%	1.49%	0.33%
EQIX	A	7.79%	1.68%	1.68%
ESRT	C	0.14%	1.55%	0.14%
ESS	B	1.91%	1.71%	1.71%
FR	D	0.68%	1.56%	0.68%
FRT	B	0.84%	1.64%	0.84%
HIW	C	0.33%	1.53%	0.33%
HST	C	1.2%	1.58%	1.2%
IIPR	D	0.29%	1.28%	0.29%
INVH	D	1.88%	1.6%	1.6%
KRC	B	0.41%	1.65%	0.41%
MAA	B	1.81%	1.65%	1.65%
MAC	B	0.41%	1.7%	0.41%
NHI	D	0.33%	1.59%	0.33%
NNN	C	0.75%	1.42%	0.75%
NXRT	B	0.1%	1.71%	0.1%
OHI	C	1.01%	1.61%	1.01%
PDM	D	0.12%	1.57%	0.12%
PLYM	F	0.07%	1.43%	0.07%
PSA	C	4.4%	1.56%	1.56%
RHP	B	0.66%	1.62%	0.66%
SKT	A	0.38%	1.7%	0.38%
SLG	B	0.48%	1.8%	0.48%
SPG	A	4.66%	1.68%	1.68%
STAG	D	0.65%	1.57%	0.65%
SUI	C	1.43%	1.54%	1.43%
SVC	F	0.05%	0.96%	0.05%
UDR	B	1.31%	1.64%	1.31%
UE	B	0.27%	1.75%	0.27%
UHT	D	0.05%	1.58%	0.05%
VTR	B	2.58%	1.64%	1.64%
XHR	B	0.15%	1.62%	0.15%

RWR Overweight 52 Positions Relative to REAI

Symbol	Grade	Weight
PLD	F	9.67%
WELL	A	4.6%
DLR	B	4.39%
O	C	4.08%
EXR	C	3.4%
AVB	B	3.18%
EQR	C	2.45%
ARE	F	1.66%
KIM	A	1.64%
WPC	C	1.18%
REG	A	1.18%
AMH	C	1.16%
REXR	F	0.9%
ADC	A	0.75%
VNO	C	0.68%
KRG	B	0.58%
TRNO	F	0.58%
COLD	D	0.56%
EPRT	B	0.56%
CTRE	C	0.49%
PECO	A	0.47%
CUZ	B	0.46%
IRT	A	0.46%
BNL	D	0.31%
PK	C	0.3%
NSA	C	0.29%
LXP	D	0.27%
MPW	F	0.25%
AKR	B	0.25%
FCPT	C	0.25%
ROIC	A	0.22%
EQC	B	0.21%
SHO	D	0.2%
VRE	B	0.15%
PEB	D	0.15%
RLJ	C	0.15%
GTY	A	0.15%
ALEX	B	0.14%
GNL	F	0.14%
ELME	D	0.14%
JBGS	F	0.13%
UMH	B	0.13%
NTST	C	0.12%
DEA	D	0.12%
AIV	C	0.11%
CSR	B	0.11%
PGRE	F	0.09%
INN	D	0.07%
HPP	F	0.06%
GMRE	F	0.05%
DHC	F	0.05%
CLDT	B	0.04%

RWR Underweight 14 Positions Relative to REAI

Symbol	Grade	Weight
LTC	B	-1.73%
CBL	B	-1.72%
GOOD	B	-1.68%
OLP	B	-1.68%
SBRA	C	-1.64%
AHH	D	-1.62%
BFS	C	-1.58%
GLPI	C	-1.55%
LAMR	C	-1.54%
ALX	D	-1.53%
CCI	C	-1.51%
IRM	C	-1.51%
AMT	C	-1.44%
OPI	F	-0.99%