SRHR vs. REAI ETF Comparison

Comparison of SRH REIT Covered Call ETF (SRHR) to Intelligent Real Estate ETF (REAI)

SRHR

SRH REIT Covered Call ETF

SRHR Description

Under normal circumstances, the fund invests at least 80% of its net assets in Real Estate Investment Trusts ("REITs") that are publicly traded on domestic stock exchanges. In addition, the fund strategically implements an option strategy consisting of writing (selling) U.S. exchange-traded covered call options on the REITs in the fund"s portfolio. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.61

Average Daily Volume

158

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	SRHR	REAI
30 Days	-2.11%	-2.15%
60 Days	-3.74%	-2.40%
90 Days	0.79%	0.37%
12 Months	15.98%	27.07%

16 Overlapping Holdings

Symbol	Grade	Weight in SRHR	Weight in REAI	Overlap
APLE	B	2.21%	1.65%	1.65%
BRX	A	3.48%	1.71%	1.71%
CCI	C	4.0%	1.51%	1.51%
DOC	C	2.08%	1.58%	1.58%
EGP	D	2.39%	1.55%	1.55%
EQIX	A	14.02%	1.68%	1.68%
FR	D	4.09%	1.56%	1.56%
GLPI	C	1.1%	1.55%	1.1%
HIW	C	7.11%	1.53%	1.53%
HST	C	3.41%	1.58%	1.58%
INVH	D	1.31%	1.6%	1.31%
LAMR	C	8.92%	1.54%	1.54%
MAA	B	2.38%	1.65%	1.65%
NXRT	B	4.47%	1.71%	1.71%
STAG	D	4.09%	1.57%	1.57%
SUI	C	2.42%	1.54%	1.54%

SRHR Overweight 9 Positions Relative to REAI

Symbol	Grade	Weight
GNL	F	4.07%
EXR	C	3.81%
SHO	D	3.56%
MTN	C	3.47%
REXR	F	3.15%
VICI	C	3.06%
PLD	F	2.86%
NSA	C	2.8%
DEA	D	2.75%

SRHR 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%
ESS	B	-1.71%
SKT	A	-1.7%
ELS	C	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
SPG	A	-1.68%
GOOD	B	-1.68%
OLP	B	-1.68%
KRC	B	-1.65%
AAT	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%
NHI	D	-1.59%
UHT	D	-1.58%
BFS	C	-1.58%
PDM	D	-1.57%
PSA	C	-1.56%
CDP	C	-1.56%
ESRT	C	-1.55%
BXP	C	-1.55%
CUBE	C	-1.55%
ALX	D	-1.53%
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%