FCUS vs. FRI ETF Comparison

Comparison of Pinnacle Focused Opportunities ETF (FCUS) to First Trust S&P REIT Index Fund (FRI)

FCUS

Pinnacle Focused Opportunities ETF

FCUS Description

The investment seeks long term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The fund's manager manages its portfolio based on its proprietary model. The fund’s portfolio excludes certain equity securities, such as limited partnerships, closed-end investment companies, and warrants. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

4,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.36

Average Daily Volume

81,591

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	FCUS	FRI
30 Days	12.79%	0.21%
60 Days	17.85%	-0.40%
90 Days	18.42%	2.32%
12 Months	54.35%	26.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in FCUS	Weight in FRI	Overlap
	IRM	C	2.82%	2.79%	2.79%

FCUS Overweight 27 Positions Relative to FRI

Symbol	Grade	Weight
APP	B	6.61%
PLTR	B	5.21%
TPL	A	4.38%
SFM	A	4.17%
INSM	C	4.02%
CVNA	B	3.98%
GWRE	A	3.92%
ALNY	D	3.78%
FICO	B	3.35%
TRGP	A	3.33%
CRS	B	3.25%
MTZ	B	3.19%
ALSN	B	3.16%
NCLH	B	3.14%
UAL	A	3.11%
PSN	D	2.96%
ETR	B	2.94%
HOOD	B	2.8%
MLI	B	2.55%
HWM	A	2.5%
JEF	A	2.45%
CCL	A	2.41%
UTHR	C	2.41%
LDOS	C	2.38%
GRMN	B	2.36%
CBRE	B	2.29%
PCVX	D	2.19%

FCUS Underweight 127 Positions Relative to FRI

Symbol	Grade	Weight
PLD	F	-8.93%
EQIX	A	-7.17%
WELL	A	-6.54%
DLR	B	-4.61%
SPG	A	-4.6%
PSA	C	-4.39%
O	C	-4.11%
EXR	C	-2.91%
VICI	C	-2.76%
AVB	B	-2.72%
VTR	B	-2.21%
EQR	C	-2.1%
ESS	B	-1.63%
INVH	D	-1.61%
MAA	B	-1.55%
ARE	F	-1.42%
KIM	A	-1.4%
DOC	C	-1.26%
SUI	C	-1.22%
GLPI	C	-1.12%
UDR	B	-1.12%
ELS	C	-1.12%
CPT	B	-1.08%
HST	C	-1.03%
WPC	C	-1.01%
REG	A	-1.01%
AMH	C	-0.99%
BXP	C	-0.97%
LAMR	C	-0.94%
CUBE	C	-0.91%
OHI	C	-0.86%
REXR	F	-0.77%
BRX	A	-0.73%
FRT	B	-0.72%
EGP	D	-0.7%
NNN	C	-0.65%
ADC	A	-0.64%
VNO	C	-0.58%
FR	D	-0.58%
RHP	B	-0.57%
STAG	D	-0.55%
KRG	B	-0.5%
TRNO	F	-0.5%
COLD	D	-0.48%
EPRT	B	-0.48%
CTRE	C	-0.42%
SLG	B	-0.41%
PECO	A	-0.4%
CUZ	B	-0.39%
IRT	A	-0.39%
SBRA	C	-0.36%
MAC	B	-0.35%
KRC	B	-0.35%
SKT	A	-0.33%
APLE	B	-0.29%
EPR	C	-0.28%
NHI	D	-0.28%
HIW	C	-0.28%
CDP	C	-0.28%
BNL	D	-0.27%
PK	C	-0.26%
DEI	B	-0.26%
IIPR	D	-0.25%
NSA	C	-0.25%
LXP	D	-0.23%
UE	B	-0.23%
MPW	F	-0.22%
OUT	A	-0.22%
AKR	B	-0.22%
FCPT	C	-0.22%
ROIC	A	-0.19%
IVT	A	-0.19%
EQC	B	-0.18%
SHO	D	-0.17%
DRH	B	-0.16%
LTC	B	-0.14%
XHR	B	-0.13%
GTY	A	-0.13%
ALEX	B	-0.12%
ESRT	C	-0.12%
GNL	F	-0.12%
ELME	D	-0.12%
VRE	B	-0.12%
PEB	D	-0.12%
RLJ	C	-0.12%
AAT	B	-0.11%
JBGS	F	-0.11%
UNIT	B	-0.11%
UMH	B	-0.11%
PDM	D	-0.1%
NTST	C	-0.1%
DEA	D	-0.1%
AIV	C	-0.09%
CSR	B	-0.09%
BDN	C	-0.08%
PGRE	F	-0.08%
NXRT	B	-0.08%
INN	D	-0.06%
GOOD	B	-0.06%
PLYM	F	-0.06%
AHH	D	-0.06%
HPP	F	-0.05%
WSR	A	-0.05%
OLP	B	-0.04%
CLDT	B	-0.04%
ALX	D	-0.04%
SVC	F	-0.04%
CHCT	C	-0.04%
PKST	F	-0.04%
BFS	C	-0.04%
FPI	B	-0.04%
UHT	D	-0.04%
GMRE	F	-0.04%
DHC	F	-0.04%
PSTL	D	-0.03%
CBL	B	-0.03%
CTO	B	-0.03%
LAND	F	-0.03%
CIO	C	-0.02%
NXDT	F	-0.02%
PINE	C	-0.02%
BHR	C	-0.02%
BRT	A	-0.02%
ILPT	F	-0.02%
OPI	F	-0.01%
MDV	D	-0.01%
FSP	B	-0.01%