FRI vs. BLDG ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to Cambria Global Real Estate ETF (BLDG)

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

$29.47

Average Daily Volume

62,858

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

BLDG

Cambria Global Real Estate ETF

BLDG Description

The investment seeks income and capital appreciation. The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, primarily in the securities of domestic and foreign, including developed and emerging market, companies principally engaged in the real estate sector and real-estate related industries (collectively, ?real estate companies?) that exhibit favorable multi-factor metrics, such as value, quality and momentum, according to a quantitative methodology developed by Cambria Investment Management, L.P., the fund?s investment adviser (?Cambria?).

Grade (RS Rating)

Last Trade

$27.17

Average Daily Volume

5,306

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	BLDG
30 Days	2.71%	3.50%
60 Days	8.41%	7.15%
90 Days	15.15%	14.73%
12 Months	31.45%	19.26%

43 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in BLDG	Overlap
AKR	B	0.2%	1.65%	0.2%
AMH	D	1.02%	1.26%	1.02%
APLE	C	0.28%	1.02%	0.28%
AVB	C	2.67%	1.45%	1.45%
BDN	C	0.07%	1.43%	0.07%
BFS	B	0.04%	1.22%	0.04%
BNL	B	0.29%	1.46%	0.29%
BRX	C	0.68%	1.45%	0.68%
BXP	C	0.96%	1.6%	0.96%
CLDT	D	0.04%	0.99%	0.04%
CTRE	C	0.38%	1.49%	0.38%
CUZ	C	0.37%	1.45%	0.37%
DEI	B	0.24%	1.56%	0.24%
DRH	C	0.15%	1.06%	0.15%
EGP	C	0.74%	1.23%	0.74%
EPR	C	0.3%	1.32%	0.3%
EQC	D	0.17%	1.25%	0.17%
EQR	C	2.14%	1.44%	1.44%
ESRT	C	0.12%	1.36%	0.12%
FSP	D	0.01%	0.87%	0.01%
HIW	C	0.29%	1.56%	0.29%
HPP	F	0.06%	0.99%	0.06%
HST	D	1.08%	1.01%	1.01%
IIPR	B	0.31%	1.58%	0.31%
IVT	D	0.16%	1.37%	0.16%
KRC	C	0.35%	1.33%	0.35%
NXDT	D	0.02%	0.0%	0.0%
OHI	C	0.85%	1.52%	0.85%
PDM	C	0.1%	1.85%	0.1%
PEB	D	0.14%	0.98%	0.14%
PGRE	D	0.07%	1.38%	0.07%
PK	D	0.27%	0.98%	0.27%
REG	C	0.96%	1.39%	0.96%
REXR	C	0.92%	1.12%	0.92%
RLJ	D	0.12%	0.91%	0.12%
ROIC	C	0.16%	1.42%	0.16%
SBRA	C	0.36%	1.59%	0.36%
SHO	C	0.18%	1.06%	0.18%
SKT	B	0.29%	1.21%	0.29%
STAG	D	0.58%	1.22%	0.58%
VNO	B	0.53%	1.81%	0.53%
WELL	C	5.93%	1.6%	1.6%
WSR	D	0.05%	1.27%	0.05%

FRI Overweight 82 Positions Relative to BLDG

Symbol	Grade	Weight
PLD	C	9.5%
EQIX	B	6.81%
PSA	C	4.66%
O	B	4.39%
SPG	B	4.17%
DLR	B	3.99%
EXR	C	3.13%
VICI	C	2.83%
IRM	C	2.77%
VTR	C	2.1%
INVH	D	1.68%
ESS	C	1.61%
MAA	C	1.55%
ARE	C	1.54%
SUI	C	1.35%
KIM	C	1.28%
DOC	B	1.27%
GLPI	C	1.14%
UDR	C	1.12%
WPC	C	1.11%
CPT	C	1.09%
ELS	D	1.09%
CUBE	C	0.99%
LAMR	B	0.96%
NNN	B	0.72%
FRT	C	0.7%
COLD	D	0.61%
ADC	C	0.61%
FR	C	0.6%
RHP	C	0.54%
TRNO	D	0.54%
EPRT	B	0.49%
KRG	C	0.47%
SLG	C	0.38%
PECO	C	0.38%
IRT	C	0.38%
MAC	B	0.31%
NHI	C	0.3%
NSA	C	0.28%
MPW	C	0.28%
LXP	C	0.24%
FCPT	C	0.23%
OUT	B	0.21%
UE	C	0.21%
GNL	D	0.14%
XHR	B	0.13%
JBGS	C	0.13%
LTC	C	0.13%
GTY	C	0.13%
ALEX	C	0.12%
DEA	D	0.11%
UMH	C	0.11%
AIV	C	0.1%
NTST	D	0.1%
UNIT	C	0.1%
AAT	C	0.1%
CSR	D	0.09%
NXRT	D	0.08%
DHC	C	0.07%
AHH	D	0.07%
SVC	F	0.07%
PLYM	D	0.07%
INN	B	0.06%
UHT	C	0.05%
GMRE	C	0.05%
GOOD	B	0.05%
OLP	C	0.04%
FPI	D	0.04%
LAND	D	0.04%
ALX	B	0.04%
PKST	D	0.04%
PSTL	C	0.03%
CBL	D	0.03%
CTO	D	0.03%
CHCT	F	0.03%
BHR	C	0.02%
PINE	C	0.02%
BRT	D	0.02%
CIO	C	0.02%
ILPT	D	0.02%
OPI	F	0.01%
MDV	B	0.01%

FRI Underweight 0 Positions Relative to BLDG

	Symbol	Grade	Weight