Q: I took a position in ZRE, I also try to avoid office REITS and a to high proportion of retail REITS in the present market..I noticed that ZRE fact sheet shows 68% retail REITS,and no residential REIT in its sector allocation ! Among the 23 holdings, at least 9 appear to be residential REITS.Could you please indicate the "real percentage" of retail REITS and of residential REITS in this ETF.Are sector allocation % calculated from the number of REITS or by the cumulative NAV in each category?
5i Research Answer:
There was an error in their factsheet where they combined Residential and Retail into one category. Investors can look at their ETF Facts on their website, ZRE currently has 37% of its assets allocated to retail REITs, 25.3% to residential REITs, and 7.5% to office REITs.
ZRE did not break down how the sector allocation was calculated, but typically, the calculation could be calculated by adding up all the properties units' values within the ETFs, and categorize each asset class in percentage terms.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ZRE.