VABS vs. REAI ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to Intelligent Real Estate ETF (REAI)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.17

Average Daily Volume

2,387

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	VABS	REAI
30 Days	0.28%	-0.38%
60 Days	0.04%	-2.39%
90 Days	0.27%	1.39%
12 Months	6.93%	28.37%

4 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in REAI	Overlap
AHH	D	0.17%	1.62%	0.17%
BFS	C	1.53%	1.58%	1.53%
DRH	B	1.35%	1.64%	1.35%
EPR	D	0.47%	1.49%	0.47%

VABS Overweight 46 Positions Relative to REAI

Symbol	Grade	Weight
RLJ	C	4.48%
BW	D	2.27%
EFC	C	1.89%
EQC	B	1.49%
PBI	B	1.34%
TWO	D	1.26%
ARR	D	1.25%
GNL	F	0.94%
F	C	0.87%
MFA	D	0.86%
CIM	D	0.82%
IVR	F	0.78%
DBRG	F	0.62%
ET	A	0.55%
MITT	D	0.45%
CTO	B	0.29%
PSEC	D	0.23%
TDS	B	0.23%
PMT	D	0.21%
SHO	C	0.17%
LXP	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	C	0.11%
ABR	C	0.1%
ALLY	C	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
CIO	D	0.03%
NLY	C	0.03%
SNV	B	0.02%
DX	B	0.02%
CODI	B	0.02%
PEB	D	0.01%
CNO	A	0.01%
VNO	B	0.01%
BOH	B	0.01%
SF	B	0.01%
EQH	B	0.01%
COF	B	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	D	0.01%

VABS Underweight 56 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%
ELS	C	-1.7%
MAC	B	-1.7%
DEI	B	-1.69%
EQIX	A	-1.68%
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%
SBRA	C	-1.64%
VTR	C	-1.64%
FRT	B	-1.64%
UDR	B	-1.64%
CPT	B	-1.63%
XHR	B	-1.62%
RHP	B	-1.62%
OHI	C	-1.61%
INVH	D	-1.6%
NHI	D	-1.59%
UHT	D	-1.58%
HST	C	-1.58%
DOC	D	-1.58%
STAG	F	-1.57%
PDM	D	-1.57%
FR	C	-1.56%
PSA	D	-1.56%
CDP	C	-1.56%
ESRT	C	-1.55%
GLPI	C	-1.55%
BXP	D	-1.55%
EGP	F	-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%
BDN	C	-1.47%
AMT	D	-1.44%
PLYM	F	-1.43%
NNN	D	-1.42%
IIPR	D	-1.28%
OPI	F	-0.99%
SVC	F	-0.96%