BYRE vs. FPRO ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to Fidelity Real Estate Investment ETF (FPRO)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.04

Average Daily Volume

967

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.69

Average Daily Volume

2,161

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	FPRO
30 Days	-6.08%	-6.65%
60 Days	-4.48%	-6.14%
90 Days	-3.54%	-5.39%
12 Months	-2.30%	-4.03%

14 Overlapping Holdings

Symbol	Grade	Weight in BYRE	Weight in FPRO	Overlap
AMH	B	4.91%	1.98%	1.98%
CCI	D	2.76%	6.27%	2.76%
COLD	F	4.03%	1.17%	1.17%
DLR	B	3.9%	3.44%	3.44%
DRH	C	2.09%	1.42%	1.42%
EQIX	F	5.18%	7.65%	5.18%
EXR	C	7.05%	1.19%	1.19%
GLPI	F	4.38%	0.5%	0.5%
INVH	B	7.03%	1.32%	1.32%
SBAC	D	4.15%	6.1%	4.15%
SUI	D	5.07%	3.31%	3.31%
TRNO	F	4.56%	0.77%	0.77%
VTR	A	7.59%	5.48%	5.48%
WELL	A	4.84%	2.53%	2.53%

BYRE Overweight 7 Positions Relative to FPRO

Symbol	Grade	Weight
AMT	D	6.5%
REXR	D	5.61%
VICI	C	4.24%
SBRA	B	4.07%
NHI	A	3.53%
ARE	C	3.29%
VAC	B	1.87%

BYRE Underweight 24 Positions Relative to FPRO

Symbol	Grade	Weight
PLD	F	-12.01%
PSA	D	-4.49%
KIM	D	-3.5%
CBRE	C	-3.34%
CUBE	D	-3.29%
NNN	C	-3.21%
UDR	A	-2.79%
MAA	B	-2.78%
REG	D	-2.58%
IRM	B	-2.55%
EQR	A	-2.33%
AIRC	A	-1.53%
WY	F	-1.4%
PECO	F	-1.39%
O	B	-1.38%
LAMR	B	-1.25%
UE	C	-1.17%
SITC	C	-0.97%
RHP	C	-0.81%
CSGP	B	-0.79%
FCPT	B	-0.73%
ELS	F	-0.53%
SKT	B	-0.45%
DBRG	F	-0.18%