FPRO vs. RWR ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to SPDR DJ Wilshire REIT ETF (RWR)

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

$23.71

Average Daily Volume

5,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.56

Average Daily Volume

328,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	RWR
30 Days	-0.13%	0.48%
60 Days	-1.78%	-0.61%
90 Days	0.85%	2.23%
12 Months	20.89%	27.65%

31 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in RWR	Overlap
AKR	B	0.24%	0.25%	0.24%
AMH	C	2.09%	1.16%	1.16%
COLD	D	2.21%	0.56%	0.56%
CPT	B	1.08%	1.26%	1.08%
CUBE	C	3.33%	1.06%	1.06%
DLR	B	3.31%	4.39%	3.31%
DRH	B	0.02%	0.18%	0.02%
ELME	D	0.42%	0.14%	0.14%
ELS	C	0.4%	1.31%	0.4%
EQIX	A	7.21%	7.79%	7.21%
EQR	C	2.75%	2.45%	2.45%
EXR	C	1.92%	3.4%	1.92%
FCPT	C	0.84%	0.25%	0.25%
INVH	D	1.57%	1.88%	1.57%
KIM	A	3.9%	1.64%	1.64%
MAA	B	2.02%	1.81%	1.81%
MAC	B	0.34%	0.41%	0.34%
NNN	C	3.78%	0.75%	0.75%
PECO	A	0.77%	0.47%	0.47%
PLD	F	10.01%	9.67%	9.67%
PSA	C	5.89%	4.4%	4.4%
REG	A	0.92%	1.18%	0.92%
RHP	B	0.45%	0.66%	0.45%
SKT	A	0.68%	0.38%	0.38%
STAG	D	1.07%	0.65%	0.65%
SUI	C	2.69%	1.43%	1.43%
TRNO	F	0.73%	0.58%	0.58%
UDR	B	3.51%	1.31%	1.31%
UE	B	1.36%	0.27%	0.27%
VTR	B	5.69%	2.58%	2.58%
WELL	A	5.23%	4.6%	4.6%

FPRO Overweight 9 Positions Relative to RWR

Symbol	Grade	Weight
AMT	C	9.56%
CBRE	B	4.11%
CCI	C	2.18%
CSGP	D	1.36%
LAMR	C	1.29%
SBAC	D	1.17%
WY	F	0.64%
COMP	B	0.55%
IVT	A	0.09%

FPRO Underweight 67 Positions Relative to RWR

Symbol	Grade	Weight
SPG	A	-4.66%
O	C	-4.08%
AVB	B	-3.18%
ESS	B	-1.91%
ARE	F	-1.66%
DOC	C	-1.47%
HST	C	-1.2%
WPC	C	-1.18%
BXP	C	-1.13%
OHI	C	-1.01%
REXR	F	-0.9%
BRX	A	-0.85%
FRT	B	-0.84%
EGP	D	-0.82%
ADC	A	-0.75%
VNO	C	-0.68%
FR	D	-0.68%
KRG	B	-0.58%
EPRT	B	-0.56%
CTRE	C	-0.49%
SLG	B	-0.48%
CUZ	B	-0.46%
IRT	A	-0.46%
KRC	B	-0.41%
APLE	B	-0.34%
EPR	C	-0.33%
NHI	D	-0.33%
HIW	C	-0.33%
CDP	C	-0.33%
BNL	D	-0.31%
PK	C	-0.3%
DEI	B	-0.3%
IIPR	D	-0.29%
NSA	C	-0.29%
LXP	D	-0.27%
MPW	F	-0.25%
ROIC	A	-0.22%
EQC	B	-0.21%
SHO	D	-0.2%
VRE	B	-0.15%
PEB	D	-0.15%
RLJ	C	-0.15%
XHR	B	-0.15%
GTY	A	-0.15%
ALEX	B	-0.14%
ESRT	C	-0.14%
GNL	F	-0.14%
AAT	B	-0.13%
JBGS	F	-0.13%
UMH	B	-0.13%
PDM	D	-0.12%
NTST	C	-0.12%
DEA	D	-0.12%
AIV	C	-0.11%
CSR	B	-0.11%
NXRT	B	-0.1%
BDN	C	-0.09%
PGRE	F	-0.09%
INN	D	-0.07%
PLYM	F	-0.07%
HPP	F	-0.06%
SVC	F	-0.05%
CHCT	C	-0.05%
UHT	D	-0.05%
GMRE	F	-0.05%
DHC	F	-0.05%
CLDT	B	-0.04%