FPRO vs. ULVM ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

$23.65

Average Daily Volume

4,486

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$80.97

Average Daily Volume

560

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	ULVM
30 Days	-0.69%	3.51%
60 Days	6.27%	10.81%
90 Days	13.68%	8.95%
12 Months	29.84%	36.14%

5 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in ULVM	Overlap
CBRE	C	3.97%	0.75%	0.75%
IRM	B	2.04%	0.84%	0.84%
KIM	C	3.83%	0.82%	0.82%
WELL	C	2.71%	1.19%	1.19%
WY	C	0.73%	0.94%	0.73%

FPRO Overweight 32 Positions Relative to ULVM

Symbol	Grade	Weight
PLD	D	11.02%
AMT	D	8.86%
EQIX	C	6.69%
VTR	C	5.67%
PSA	C	5.38%
NNN	C	3.61%
DLR	C	3.56%
CUBE	C	3.46%
UDR	C	3.16%
SUI	D	3.09%
MAA	D	2.77%
CCI	D	2.71%
EQR	C	2.54%
AMH	D	1.92%
EXR	D	1.8%
COLD	D	1.53%
CSGP	F	1.52%
INVH	D	1.36%
UE	C	1.36%
SBAC	C	1.35%
LAMR	C	1.3%
STAG	D	1.03%
REG	C	1.02%
DRH	B	0.97%
CPT	C	0.95%
PECO	C	0.92%
FCPT	C	0.81%
TRNO	D	0.79%
SKT	A	0.61%
COMP	C	0.59%
RHP	B	0.53%
ELS	D	0.42%

FPRO Underweight 119 Positions Relative to ULVM

Symbol	Grade	Weight
BRK.A	B	-1.42%
LMT	A	-1.36%
L	C	-1.28%
GD	C	-1.27%
DUK	C	-1.27%
PEG	A	-1.25%
KMI	A	-1.21%
BK	A	-1.19%
BSX	A	-1.18%
WMT	A	-1.17%
ETR	A	-1.16%
RTX	A	-1.1%
T	B	-1.1%
LDOS	A	-1.1%
PKG	B	-1.09%
SSNC	C	-1.08%
DOW	B	-1.06%
HIG	A	-1.05%
LYB	B	-1.05%
AVB	C	-1.03%
WAB	A	-1.02%
REGN	D	-1.01%
VZ	C	-1.01%
CI	D	-0.99%
FOXA	B	-0.98%
CTSH	B	-0.98%
COST	C	-0.98%
VICI	C	-0.98%
TRGP	A	-0.98%
KR	C	-0.98%
IBM	A	-0.95%
DGX	D	-0.95%
KHC	F	-0.95%
ELV	F	-0.95%
JPM	C	-0.95%
EXC	C	-0.94%
AIG	C	-0.94%
ESS	D	-0.9%
AXP	A	-0.89%
HCA	C	-0.87%
RGA	B	-0.87%
TSN	D	-0.87%
GS	B	-0.87%
MLM	F	-0.87%
EQH	B	-0.86%
NWSA	D	-0.86%
GDDY	B	-0.86%
NVR	C	-0.85%
BAC	B	-0.84%
SPG	A	-0.84%
TXT	F	-0.83%
IR	A	-0.8%
PFE	D	-0.8%
C	B	-0.79%
COF	A	-0.79%
CSL	A	-0.79%
APH	D	-0.78%
MCK	F	-0.78%
DD	C	-0.77%
WFC	B	-0.76%
DAL	C	-0.76%
GRMN	D	-0.74%
FITB	C	-0.74%
PSX	D	-0.74%
STLD	C	-0.74%
GOOGL	B	-0.73%
CNC	F	-0.72%
GE	B	-0.72%
EME	B	-0.71%
TFC	D	-0.71%
CASY	D	-0.69%
OC	C	-0.68%
ARE	D	-0.68%
FANG	D	-0.68%
VTRS	D	-0.68%
CRBG	B	-0.67%
PHM	C	-0.67%
SYF	A	-0.66%
KKR	A	-0.66%
UTHR	C	-0.66%
IP	C	-0.66%
HPQ	B	-0.64%
GM	D	-0.64%
VLO	F	-0.64%
LEN	C	-0.63%
FCNCA	D	-0.63%
MPC	D	-0.63%
CVS	D	-0.63%
NTAP	D	-0.63%
LLY	D	-0.62%
CFG	C	-0.61%
THC	D	-0.6%
UAL	A	-0.6%
HPE	B	-0.59%
HWM	A	-0.59%
KEY	B	-0.58%
FDX	F	-0.58%
URI	C	-0.57%
DHI	C	-0.57%
TOL	C	-0.56%
WDC	C	-0.54%
META	A	-0.54%
ADM	F	-0.52%
VST	A	-0.52%
ALLY	F	-0.5%
SWKS	F	-0.49%
F	D	-0.49%
WSM	C	-0.48%
BLDR	C	-0.47%
AVGO	B	-0.47%
MU	D	-0.47%
APP	A	-0.45%
VRT	B	-0.43%
INTC	D	-0.41%
NVDA	B	-0.37%
DELL	C	-0.34%
MSTR	B	-0.31%
CVNA	A	-0.28%
MRNA	F	-0.26%