ETFB Green SRI REITs ETF retains its Morningstar Medalist Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.  

 The strategy's investment process inspires confidence and earns an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant overweight position in quality exposure and an underweight in yield exposure compared with category peers. A high quality exposure means holding stocks that are consistently profitable, growing, and have solid balance sheets. And a low yield exposure is rooted in holding fewer stocks with high dividend or buyback yields -- instead, typically holding stocks in an early stage of development. The team managing this passive strategy earns a Low People Pillar rating. The strategy's parent organization is industry standard, albeit with some strong attributes like overall attractive fees and high portfolio management retention. This earns the firm an Average Parent Pillar rating.

Analyst Rating

AvalonBay Communities

Welltower

Prologis

Equity Residential

Digital Realty Trust

Public Storage

Alexandria Real Estate Equities

EastGroup Properties

Black Box

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. ETFB Green SRI REITs ETF earns an Above Average Process Pillar rating. The largest contributor to the rating is that this fund tracks an index. Historical data, like Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The firm's five-year retention rate of 100% also bolsters the process. Lastly, the process is limited by the experience of the management team, which averages four years at this fund.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the performance, before fees and expenses, of the FTSE EPRA Nareit IdealRatings Developed REITs Islamic Green Capped Index (the “Index”).  The index is composed of a portfolio of exchange-listed real estate investment trusts (“REITs”) in developed markets meeting the business, financial, socially responsible investing (“SRI”), and green investing criteria, as determined by IdealRatings, Inc. Under normal circumstances, and the fund will invest at least 80% of its net assets in REITs that meet the index’s SRI Screening and Green Screening criteria as of the most recent reconstitution of the index. It is non-diversified. 

 The portfolio is overweight in real estate by 2.6 percentage points in terms of assets compared with the category average, and its healthcare allocation is similar to the category. The sectors with low exposure compared to category peers are consumer cyclical and financial services; however, the allocations are similar to the category. The strategy owns 60 securities and invests 59.6% of assets in its top 10 holdings, similar to the category average. And finally, in terms of portfolio turnover, looking at year-over-year movements, 71% of the fund's holdings have changed, whether through increasing, decreasing, or changing a position.

Above Average

Process

Rita ETF’s team earns a Low People Pillar rating. The most important determinant of the rating is the experience of the management team, which averages four years at this fund. Turnover at its parent firm also detracts from the team. The firm's asset-weighted manager tenure of two years suggests it could do more to hold onto portfolio managers. The number of months that the management team has been running this vehicle together detracts from the rating further.

People

Since its inception two years ago, Rita ETF has shown that it will hold its own as a steward of capital, warranting an Average Parent Pillar rating. Rita ETF currently oversees one vehicle, with a total of $6.9 million under management and a bench of three portfolio managers. As a consequence of being a young firm, the managers do not bring a long or illustrious track record. The team has an average of four years of industry experience.  

 Rita ETF deserves plaudits for its commitment to low fees for its open-end and exchange-traded funds, which showcases its willingness to prioritize investors. The firm's average net expense ratio across all funds is in the cheapest quintile of firms.  

 To keep an Average rating, Rita ETF needs to uphold a consistent track record of positive investor experience.

Average

Parent

ETFB Green SRI REITs ETF

RITA tracks an index that provides exposure to REITs from developed countries that meet business, financial, green, and socially responsible investing (SRI) criteria.

POMPANO BEACH, FLORIDA, December 13, 2023 – BioStem Technologies Inc. (OTC: BSEM), a leading regenerative medicine company focused on the development, manufacture, and commercialization of placental-derived biologics for advanced wound care, today announces the appointment of Mr. Thomas J. Dugan to the position of Chairman of the Board.

BioStem Technologies Bolsters Leadership with Appointment of Thomas Dugan to Board of Directors

Ashford Hospitality Trust

JPMorgan BetaBuilders MSCI US REIT ETF

Diversified Healthcare Trust

Invesco S&P 500 Equal Weight Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Franklin Street Properties Corp.

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

Home Appreciation US REIT ETF

iShares Cohen & Steers REIT ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

Janus Henderson U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

Office Properties Income Trust

PotlatchDeltic

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

Strategic Residential & Apartment Real Estate ETF

iShares Residential Real Estate ETF

Hoya Capital High Dividend Yield ETF

IQ US Real Estate Small Cap ETF

SPDR Dow Jones REIT ETF

iStar Inc

Schwab U.S. REIT ETF

SL Green Realty

Global X SuperDividend REIT ETF

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

WisdomTree New Economy Real Es

Real Estate Select Sector SPDR Fund

The REIT sector fell again in March with a -6.11% total return. Large cap (-1.99%) and mid cap (-4.56%) REITs saw modestly negative total returns in March, while small caps (-6.76%) and micro caps (-15.50%) were deeper in the red.

The State Of REITs: April 2023 Edition

Avantis Real Estate ETF

Boston Properties

Cousins Properties

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Hudson Pacific Properties

Life Storage

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

InfraCap REIT Preferred ETF

Paramount Group

iShares Global REIT ETF

The REIT sector gave up most of January's big gains in February with a -6.18% total return. Small cap (-7.42%) and mid cap (-6.05%) REITs fell the furthest in February, with micro caps (-5.15%) and large caps (-4.74%) seeing smaller declines.

The State Of REITs: March 2023 Edition

Acadia Realty Trust

Bed Bath & Beyond

InnSuites Hospitality Trust

New York City REIT Inc

Sotherly Hotels

Global X Data Center REITs & Digital Infrastructure ETF

The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%).

The State Of REITs: February 2023 Edition

The ETFB Green SRI REITs ETF (RITA) invests in stocks of companies that follow the values and teachings of Shariah law. While new, the index provides longer history. I will compare RITA to the unrestricted iShares Global REIT ETF (REET) to see how RITA's screening affected return and risk for investors.

RITA ETF: A Shariah Screened REIT For Investors

Cambria Global Real Estate ETF

CBL & Associates Properties

CyrusOne

CorePoint Lodging Inc

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate

Farmland Partners

Gladstone Land

Pennsylvania Real Estate Investment Trust

Seritage Growth Properties

After back-to-back negative return months at the start of the year, REITs began the recovery process in March with a +4.93% total return.

The State Of REITs: April 2022 Edition

The passively-managed ETFB Green SRI REITs ETF (RITA) launched on NYSE Arca yesterday. The fund tracks and the index is composed of a portfolio of exchange-listed real estate investment trusts (“REITs”) in developed markets meeting the business, financial, socially responsible investing (“SRI”) criteria, and a number of green investing criteria.

ETFB Green SRI REITs ETF (RITA) Merges Shariah Principals and Green Investing

News for ETFB Green SRI REITs ETF ETF (RITA)