FRI vs. GREI ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to Goldman Sachs Future Real Estate (GREI)

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

GREI

Goldman Sachs Future Real Estate

GREI Description

Goldman Sachs Future Real Estate seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in equity investments in U.S. and non‑U.S. real estate and infrastructure companies. The adviser generally intends to invest in real estate and infrastructure companies that the adviser believes are aligned with key themes associated with secular growth drivers for real estate and infrastructure assets, which include innovation, demographic shifts, experiences over things, environmental sustainability, and social sustainability.

Grade (RS Rating)

Last Trade

$37.65

Average Daily Volume

604

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	GREI
30 Days	2.71%	3.21%
60 Days	8.41%	9.07%
90 Days	15.15%	15.35%
12 Months	31.45%	28.71%

14 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in GREI	Overlap
AMH	D	1.02%	1.62%	1.02%
ARE	C	1.54%	1.9%	1.54%
AVB	C	2.67%	2.57%	2.57%
COLD	D	0.61%	2.05%	0.61%
DLR	B	3.99%	2.57%	2.57%
ELS	D	1.09%	2.35%	1.09%
EQIX	B	6.81%	4.26%	4.26%
EXR	C	3.13%	2.9%	2.9%
INVH	D	1.68%	1.99%	1.68%
PLD	C	9.5%	5.26%	5.26%
REXR	C	0.92%	2.01%	0.92%
VICI	C	2.83%	2.42%	2.42%
VTR	C	2.1%	2.23%	2.1%
WELL	C	5.93%	3.2%	3.2%

FRI Overweight 111 Positions Relative to GREI

Symbol	Grade	Weight
PSA	C	4.66%
O	B	4.39%
SPG	B	4.17%
IRM	C	2.77%
EQR	C	2.14%
ESS	C	1.61%
MAA	C	1.55%
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%
HST	D	1.08%
CUBE	C	0.99%
REG	C	0.96%
LAMR	B	0.96%
BXP	C	0.96%
OHI	C	0.85%
EGP	C	0.74%
NNN	B	0.72%
FRT	C	0.7%
BRX	C	0.68%
ADC	C	0.61%
FR	C	0.6%
STAG	D	0.58%
RHP	C	0.54%
TRNO	D	0.54%
VNO	B	0.53%
EPRT	B	0.49%
KRG	C	0.47%
SLG	C	0.38%
CTRE	C	0.38%
PECO	C	0.38%
IRT	C	0.38%
CUZ	C	0.37%
SBRA	C	0.36%
KRC	C	0.35%
MAC	B	0.31%
IIPR	B	0.31%
NHI	C	0.3%
EPR	C	0.3%
SKT	B	0.29%
HIW	C	0.29%
BNL	B	0.29%
NSA	C	0.28%
APLE	C	0.28%
MPW	C	0.28%
PK	D	0.27%
DEI	B	0.24%
LXP	C	0.24%
FCPT	C	0.23%
OUT	B	0.21%
UE	C	0.21%
AKR	B	0.2%
SHO	C	0.18%
EQC	D	0.17%
IVT	D	0.16%
ROIC	C	0.16%
DRH	C	0.15%
GNL	D	0.14%
PEB	D	0.14%
XHR	B	0.13%
JBGS	C	0.13%
LTC	C	0.13%
GTY	C	0.13%
ALEX	C	0.12%
ESRT	C	0.12%
RLJ	D	0.12%
DEA	D	0.11%
UMH	C	0.11%
AIV	C	0.1%
PDM	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%
BDN	C	0.07%
PGRE	D	0.07%
HPP	F	0.06%
INN	B	0.06%
UHT	C	0.05%
WSR	D	0.05%
GMRE	C	0.05%
GOOD	B	0.05%
OLP	C	0.04%
CLDT	D	0.04%
FPI	D	0.04%
LAND	D	0.04%
BFS	B	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%
NXDT	D	0.02%
CIO	C	0.02%
ILPT	D	0.02%
OPI	F	0.01%
MDV	B	0.01%
FSP	D	0.01%

FRI Underweight 12 Positions Relative to GREI

Symbol	Grade	Weight
NEE	B	-4.6%
AMT	C	-3.22%
LNG	D	-2.56%
WEC	B	-2.4%
XEL	B	-2.21%
SBAC	C	-2.2%
CMS	B	-2.15%
ES	B	-1.94%
AWK	C	-1.88%
AEE	B	-1.65%
NSC	C	-1.65%
AES	C	-1.56%