FRI vs. IYR ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to iShares U.S. Real Estate ETF (IYR)

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

$25.70

Average Daily Volume

24,740

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

IYR

iShares U.S. Real Estate ETF

IYR Description

The investment seeks to track the investment results of an index composed of U.S. equities in the real estate sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Real Estate Index (the "underlying index"), which measures the performance of the real estate sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include real estate investment trusts ("REITs").

Grade (RS Rating)

Last Trade

$88.40

Average Daily Volume

6,551,190

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	IYR
30 Days	5.63%	5.97%
60 Days	1.40%	0.56%
90 Days	0.82%	0.79%
12 Months	11.82%	10.92%

50 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in IYR	Overlap
ADC	B	0.58%	0.5%	0.5%
AIRC	A	0.55%	0.47%	0.47%
AMH	C	1.14%	0.97%	0.97%
ARE	D	1.85%	1.59%	1.59%
AVB	A	2.75%	2.34%	2.34%
BRX	B	0.66%	0.56%	0.56%
BXP	D	0.86%	0.74%	0.74%
COLD	D	0.61%	0.51%	0.51%
CPT	B	1.11%	0.96%	0.96%
CUBE	D	0.93%	0.8%	0.8%
CUZ	B	0.36%	0.3%	0.3%
DEI	B	0.23%	0.21%	0.21%
DLR	D	4.23%	3.89%	3.89%
DOC	A	1.35%	1.15%	1.15%
EGP	D	0.77%	0.66%	0.66%
ELS	D	1.16%	0.99%	0.99%
EQIX	D	6.47%	4.58%	4.58%
EQR	A	2.27%	1.94%	1.94%
ESS	A	1.63%	1.4%	1.4%
EXR	C	2.96%	2.59%	2.59%
FR	D	0.62%	0.53%	0.53%
FRT	C	0.75%	0.63%	0.63%
GLPI	D	1.17%	0.99%	0.99%
HST	D	1.28%	1.09%	1.09%
INVH	B	1.99%	1.69%	1.69%
IRM	C	2.27%	1.95%	1.95%
JBGS	F	0.13%	0.11%	0.11%
KIM	B	1.25%	1.06%	1.06%
KRC	D	0.36%	0.31%	0.31%
LXP	D	0.25%	0.22%	0.22%
MAA	B	1.54%	1.33%	1.33%
MPW	C	0.27%	0.24%	0.24%
NNN	A	0.76%	0.65%	0.65%
NSA	C	0.28%	0.24%	0.24%
O	B	4.53%	3.81%	3.81%
OHI	C	0.75%	0.63%	0.63%
PLD	D	9.73%	8.21%	8.21%
PSA	C	4.24%	3.65%	3.65%
REG	D	0.96%	0.82%	0.82%
REXR	D	0.94%	0.8%	0.8%
SBRA	B	0.34%	0.28%	0.28%
SPG	D	4.68%	4.08%	4.08%
STAG	D	0.63%	0.54%	0.54%
SUI	D	1.45%	1.23%	1.23%
UDR	B	1.15%	0.99%	0.99%
VICI	B	3.01%	2.54%	2.54%
VNO	F	0.38%	0.33%	0.33%
VTR	B	1.9%	1.6%	1.6%
WELL	A	5.12%	4.6%	4.6%
WPC	B	1.24%	1.06%	1.06%

FRI Overweight 76 Positions Relative to IYR

Symbol	Grade	Weight
RHP	D	0.62%
TRNO	D	0.5%
KRG	C	0.46%
EPRT	A	0.42%
PECO	F	0.4%
IRT	B	0.37%
MAC	D	0.34%
SLG	B	0.33%
PK	D	0.33%
CTRE	C	0.32%
EPR	C	0.31%
APLE	D	0.31%
SKT	D	0.3%
IIPR	C	0.3%
HIW	B	0.28%
BNL	B	0.28%
NHI	A	0.28%
SITC	D	0.25%
FCPT	B	0.22%
SHO	D	0.21%
UE	B	0.2%
EQC	B	0.2%
DRH	F	0.18%
IVT	C	0.17%
PEB	D	0.17%
AKR	C	0.17%
ROIC	D	0.16%
RLJ	F	0.16%
XHR	C	0.15%
GTY	B	0.14%
LTC	A	0.14%
GNL	C	0.14%
NTST	B	0.12%
ALEX	B	0.12%
ESRT	C	0.12%
AAT	B	0.11%
AIV	C	0.11%
DEA	B	0.11%
UMH	B	0.1%
CSR	A	0.1%
UNIT	F	0.09%
SVC	F	0.09%
PGRE	B	0.08%
BDN	B	0.08%
NXRT	B	0.08%
PDM	B	0.08%
HPP	F	0.07%
AHH	B	0.07%
PLYM	D	0.07%
WSR	B	0.06%
GOOD	A	0.06%
CHCT	F	0.06%
INN	F	0.06%
BFS	C	0.05%
UHT	C	0.05%
FPI	B	0.05%
DHC	F	0.05%
PKST	D	0.05%
ALX	B	0.05%
GMRE	C	0.05%
CBL	D	0.05%
CTO	B	0.04%
OLP	A	0.04%
CLDT	F	0.04%
LAND	C	0.04%
PSTL	C	0.03%
FSP	F	0.02%
CIO	C	0.02%
PINE	B	0.02%
NXDT	F	0.02%
BRT	C	0.02%
ILPT	C	0.02%
CLPR	F	0.01%
OPI	D	0.01%
BHR	C	0.01%
AHT	F	0.0%

FRI Underweight 22 Positions Relative to IYR

Symbol	Grade	Weight
AMT	D	-7.14%
CCI	D	-3.63%
CSGP	C	-3.13%
CBRE	D	-2.18%
WY	D	-1.9%
SBAC	D	-1.8%
LAMR	A	-0.88%
NLY	A	-0.83%
JLL	B	-0.77%
Z	D	-0.58%
AGNC	A	-0.56%
STWD	C	-0.5%
HR	B	-0.49%
RITM	A	-0.46%
RYN	F	-0.34%
PCH	D	-0.29%
BXMT	F	-0.26%
CDP	B	-0.23%
HHH	D	-0.18%
ZG	D	-0.18%
OPEN	F	-0.11%
NLOP	B	-0.03%