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SRHR ETF — Holdings & Analysis

The SRH REIT Covered Call ETF (SRHR) is an equity ETF managed by SRH with $0.05 billion in assets under management. Launched in November 2023, SRHR focuses on publicly traded domestic REITs, employing a covered call option strategy. With an expense ratio of 0.75%, SRHR distinguishes itself by generating income through covered calls on its REIT holdings, offering investors potential yield enhancement in the real estate sector, although the current dividend yield is 0.00%.

SRH REIT Covered Call ETF (SRHR) ETF — Price, Holdings & Analysis

The SRH REIT Covered Call ETF (SRHR) is an equity ETF managed by SRH with $0.05 billion in assets under management. Launched in November 2023, SRHR focuses on publicly traded domestic REITs, employing a covered call option strategy. With an expense ratio of 0.75%, SRHR distinguishes itself by generating income through covered calls on its REIT holdings, offering investors potential yield enhancement in the real estate sector, although the current dividend yield is 0.00%.

ETF Overview

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.
The SRH REIT Covered Call ETF (SRHR) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded Real Estate Investment Trusts (REITs) in the United States, while enhancing income through a covered call strategy. SRHR invests at least 80% of its net assets in REITs listed on domestic stock exchanges. The fund strategically writes (sells) U.S. exchange-traded covered call options on the REITs within its portfolio, aiming to generate income from the premiums received. This strategy can provide downside protection but may limit upside potential. The fund is non-diversified, leading to a concentrated portfolio. Top holdings include Lamar Advertising Co Class A (10.12%), Digital Realty Trust Inc (9.46%), and Ventas Inc (8.26%). SRHR's sector allocation is heavily concentrated in Real Estate (100.0%), with full exposure to the United States (100.3%). This ETF may appeal to investors seeking income from the real estate sector with a covered call overlay.

Risk Metrics

SRHR presents several risks to potential investors. The fund's non-diversified status means it concentrates its investments in a smaller number of REITs, increasing concentration risk. The fund's sector allocation is entirely in real estate, making it highly sensitive to fluctuations in the real estate market. The expense ratio of 0.75% is relatively high, which can create a drag on performance, especially in a low-return environment. With a beta of 0.00 (3Y), the fund has demonstrated very low volatility relative to the broader market, but this may not persist. The covered call strategy, while generating income, can limit the fund's potential for capital appreciation if the underlying REITs experience significant price increases. Past performance does not guarantee future results.

Expense Ratio

0.75%

Top Holdings

Sector Allocation

  • Real Estate: 100.0%
  • United States: 100.3%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is SRHR and what does it track?

SRHR, the SRH REIT Covered Call ETF, is an equity ETF that focuses on investing in publicly traded Real Estate Investment Trusts (REITs) listed on domestic stock exchanges. The fund employs a covered call strategy, writing (selling) U.S. exchange-traded covered call options on the REITs in its portfolio. This strategy aims to generate income from the premiums received. The fund is non-diversified and has an expense ratio of 0.75%. As of March 2026, SRHR has $0.05 billion in assets under management.

What is the expense ratio for SRHR?

The expense ratio for SRHR is 0.75%. This means that for every $10,000 invested in the fund, $75 is used to cover the fund's operating expenses annually. While there isn't a definitive "category average" for REIT covered call ETFs, the expense ratio is higher than broad-based equity ETFs, which often have expense ratios below 0.20%. the may be worth researching expense ratio as it can impact overall returns over time.

What are the top holdings in SRHR?

As of March 2026, the top holdings in SRHR include: Lamar Advertising Co Class A (LAMR) at 10.12%, Digital Realty Trust Inc (DLR) at 9.46%, Ventas Inc (VTR) at 8.26%, Global Net Lease Inc (GNL) at 5.50%, and Crown Castle Inc (CCI) at 5.31%. These holdings represent a significant portion of the fund's assets, reflecting the fund's concentrated investment approach within the REIT sector. The fund's performance is therefore closely tied to the performance of these key holdings.

Is SRHR a good long-term investment?

Whether SRHR is a suitable long-term investment depends on an individual's investment goals and risk tolerance. The fund's covered call strategy can provide income, but may limit capital appreciation. SRHR's concentration in the real estate sector (100.0%) makes it sensitive to real estate market conditions and interest rate changes. The fund's expense ratio of 0.75% should also be considered. With a beta of 0.00, the fund has shown low volatility, but past performance does not guarantee future results. Investors should carefully evaluate these factors before investing.

How does SRHR compare to similar ETFs?

SRHR distinguishes itself through its covered call strategy on REITs. While other REIT ETFs may focus solely on capital appreciation or dividend income, SRHR aims to generate income through option premiums. Its expense ratio of 0.75% may be higher than some passively managed REIT ETFs. With AUM of $0.05 billion, SRHR is relatively small compared to larger, more established REIT ETFs. Investors should compare SRHR's strategy, expense ratio, and performance against other REIT ETFs to determine the best fit for their portfolio.

Does SRHR pay dividends?

As of March 2026, the SRH REIT Covered Call ETF (SRHR) has a dividend yield of 0.00%. While the fund's strategy involves generating income through covered call options, the current dividend yield reflects the actual distributions paid to shareholders. Investors seeking income should monitor the fund's dividend payouts and consider how they align with their income needs. Dividend payments can vary over time based on the fund's performance and option premium income.