ETF Evaluator: SRH REIT Covered Call ETF () Follow This ETF

SRH REIT Covered Call ETF Overview

SRH REIT Covered Call ETF (SRHR) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). Paralel Advisors LLC launched the ETF in 2023.

The investment seeks to provide total return. 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.

About SRH REIT Covered Call ETF (SRHR)

There are 4 members of the management team with an average tenure of 2.42 years: Rafael Zayas (2023), Austin Wen (2023), Yin Bhuyan (2025) and Jacob Hemmer (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Morningstar US REIT TR USD index with a weighting of 100%. SRH REIT Covered Call ETF has 38 securities in its portfolio. The top 10 holdings constitute 56.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

SRH REIT Covered Call ETF is part of the Equity global asset class and is within the Sector Equity ETF group. SRH REIT Covered Call ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SRH REIT Covered Call ETF has 0.9% of the portfolio in cash.

Assets Under Management

The fund has $54 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SRHR Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SRH REIT Covered Call ETF expense ratio is above average compared to funds in the Real Estate category. SRH REIT Covered Call ETF has an expense ratio of 0.75%, which is 53% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. SRH REIT Covered Call ETF has a portfolio turnover rate of 38%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.

Recently, in the month of July 2026, SRH REIT Covered Call ETF returned 2.3%, which earned it a grade of C, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

SRH REIT Covered Call ETF has a trailing yield of 6.06%, which is above the 4.13% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

SRH REIT Covered Call ETF Grades

Year to date, the ETF has returned 18.4%, 3.7 percentage points better than the category, which translates into a grade of B. The fund has returned 20.5% over the past year (grade of B).

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