FRI vs. FREL ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to Fidelity MSCI Real Estate Index ETF (FREL)

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

$29.50

Average Daily Volume

81,591

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

FREL

Fidelity MSCI Real Estate Index ETF

FREL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund&#39;s underlying index. The fund&#39;s underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Grade (RS Rating)

Last Trade

$29.04

Average Daily Volume

168,611

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	FRI	FREL
30 Days	0.21%	-0.21%
60 Days	-0.40%	-1.57%
90 Days	2.32%	1.70%
12 Months	26.65%	25.30%

116 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in FREL	Overlap
AAT	B	0.11%	0.09%	0.09%
ADC	A	0.64%	0.51%	0.51%
AHH	D	0.06%	0.06%	0.06%
AIV	C	0.09%	0.07%	0.07%
AKR	B	0.22%	0.18%	0.18%
ALEX	B	0.12%	0.09%	0.09%
ALX	D	0.04%	0.04%	0.04%
AMH	C	0.99%	0.82%	0.82%
APLE	B	0.29%	0.24%	0.24%
ARE	F	1.42%	1.14%	1.14%
AVB	B	2.72%	2.16%	2.16%
BDN	C	0.08%	0.06%	0.06%
BFS	C	0.04%	0.03%	0.03%
BNL	D	0.27%	0.21%	0.21%
BRX	A	0.73%	0.58%	0.58%
BXP	C	0.97%	0.79%	0.79%
CBL	B	0.03%	0.02%	0.02%
CDP	C	0.28%	0.22%	0.22%
CHCT	C	0.04%	0.03%	0.03%
CLDT	B	0.04%	0.03%	0.03%
COLD	D	0.48%	0.4%	0.4%
CPT	B	1.08%	0.86%	0.86%
CSR	B	0.09%	0.07%	0.07%
CTRE	C	0.42%	0.28%	0.28%
CUBE	C	0.91%	0.72%	0.72%
CUZ	B	0.39%	0.32%	0.32%
DEA	D	0.1%	0.08%	0.08%
DEI	B	0.26%	0.2%	0.2%
DHC	F	0.04%	0.03%	0.03%
DLR	B	4.61%	3.77%	3.77%
DOC	C	1.26%	1.01%	1.01%
DRH	B	0.16%	0.13%	0.13%
EGP	D	0.7%	0.56%	0.56%
ELME	D	0.12%	0.1%	0.1%
ELS	C	1.12%	0.85%	0.85%
EPR	C	0.28%	0.23%	0.23%
EPRT	B	0.48%	0.37%	0.37%
EQC	B	0.18%	0.14%	0.14%
EQIX	A	7.17%	5.7%	5.7%
EQR	C	2.1%	1.66%	1.66%
ESRT	C	0.12%	0.1%	0.1%
ESS	B	1.63%	1.3%	1.3%
EXR	C	2.91%	2.32%	2.32%
FCPT	C	0.22%	0.18%	0.18%
FPI	B	0.04%	0.04%	0.04%
FR	D	0.58%	0.47%	0.47%
FRT	B	0.72%	0.56%	0.56%
GLPI	C	1.12%	0.89%	0.89%
GMRE	F	0.04%	0.04%	0.04%
GNL	F	0.12%	0.1%	0.1%
GOOD	B	0.06%	0.05%	0.05%
GTY	A	0.13%	0.11%	0.11%
HIW	C	0.28%	0.23%	0.23%
HPP	F	0.05%	0.03%	0.03%
HST	C	1.03%	0.82%	0.82%
INN	D	0.06%	0.05%	0.05%
INVH	D	1.61%	1.37%	1.37%
IRM	C	2.79%	2.22%	2.22%
IRT	A	0.39%	0.32%	0.32%
IVT	A	0.19%	0.15%	0.15%
JBGS	F	0.11%	0.09%	0.09%
KIM	A	1.4%	1.12%	1.12%
KRC	B	0.35%	0.29%	0.29%
KRG	B	0.5%	0.4%	0.4%
LAMR	C	0.94%	0.75%	0.75%
LAND	F	0.03%	0.03%	0.03%
LTC	B	0.14%	0.11%	0.11%
LXP	D	0.23%	0.19%	0.19%
MAA	B	1.55%	1.23%	1.23%
MAC	B	0.35%	0.28%	0.28%
MPW	F	0.22%	0.17%	0.17%
NHI	D	0.28%	0.23%	0.23%
NNN	C	0.65%	0.51%	0.51%
NSA	C	0.25%	0.22%	0.22%
NTST	C	0.1%	0.08%	0.08%
NXRT	B	0.08%	0.07%	0.07%
O	C	4.11%	3.23%	3.23%
OHI	C	0.86%	0.65%	0.65%
OLP	B	0.04%	0.04%	0.04%
OUT	A	0.22%	0.17%	0.17%
PDM	D	0.1%	0.09%	0.09%
PEB	D	0.12%	0.1%	0.1%
PECO	A	0.4%	0.31%	0.31%
PGRE	F	0.08%	0.06%	0.06%
PK	C	0.26%	0.22%	0.22%
PKST	F	0.04%	0.03%	0.03%
PLD	F	8.93%	7.1%	7.1%
PLYM	F	0.06%	0.06%	0.06%
PSA	C	4.39%	3.51%	3.51%
REG	A	1.01%	0.86%	0.86%
REXR	F	0.77%	0.61%	0.61%
RHP	B	0.57%	0.43%	0.43%
RLJ	C	0.12%	0.1%	0.1%
ROIC	A	0.19%	0.15%	0.15%
SBRA	C	0.36%	0.29%	0.29%
SHO	D	0.17%	0.13%	0.13%
SKT	A	0.33%	0.26%	0.26%
SLG	B	0.41%	0.34%	0.34%
SPG	A	4.6%	3.89%	3.89%
STAG	D	0.55%	0.45%	0.45%
SUI	C	1.22%	1.03%	1.03%
SVC	F	0.04%	0.03%	0.03%
TRNO	F	0.5%	0.4%	0.4%
UDR	B	1.12%	0.93%	0.93%
UE	B	0.23%	0.19%	0.19%
UHT	D	0.04%	0.04%	0.04%
UMH	B	0.11%	0.09%	0.09%
UNIT	B	0.11%	0.09%	0.09%
VICI	C	2.76%	2.18%	2.18%
VNO	C	0.58%	0.46%	0.46%
VRE	B	0.12%	0.09%	0.09%
VTR	B	2.21%	1.72%	1.72%
WELL	A	6.54%	5.08%	5.08%
WPC	C	1.01%	0.8%	0.8%
WSR	A	0.05%	0.05%	0.05%
XHR	B	0.13%	0.11%	0.11%

FRI Overweight 12 Positions Relative to FREL

Symbol	Grade	Weight
IIPR	D	0.25%
PSTL	D	0.03%
CTO	B	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%

FRI Underweight 24 Positions Relative to FREL

Symbol	Grade	Weight
AMT	C	-6.08%
CCI	C	-2.99%
CBRE	B	-2.71%
CSGP	D	-2.05%
SBAC	D	-1.58%
WY	F	-1.5%
JLL	D	-0.84%
Z	A	-0.79%
RYN	D	-0.28%
PCH	F	-0.22%
HHH	B	-0.18%
COMP	B	-0.17%
CWK	C	-0.16%
NMRK	C	-0.15%
JOE	F	-0.12%
KW	C	-0.08%
OPEN	F	-0.07%
RDFN	D	-0.07%
MMI	C	-0.07%
EXPI	D	-0.07%
FOR	F	-0.05%
FRPH	B	-0.03%
TRC	F	-0.02%
RMR	F	-0.02%