Owning 35 equities currently, REZ is somewhat top heavy in that the top 5 holdings Equity Residential (NYSE: EQR), Ventas (NYSE: VTR), Public Storage (NYSE: PSA), HCP (NYSE: HCP) and AvalonBay Communities (NYSE: AVB) make up 44% of the entire portfolio. However, since inception in 2007, REZ is down 15.90% versus top peers VNQ down 29.35%, ICF losing 34.29%, and IYR registering a loss of 35.52%.
This relative outperformance is certainly impressive, and we would not be surprised to see REZ build on its current AUM of about $157 million at the expense of the larger, well known REIT based ETF peers in the space.
iShares FTSE NAREIT Residential
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