FRI vs. PFF ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to iShares US Preferred Stock ETF (PFF)

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

$29.55

Average Daily Volume

83,789

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. 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 S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.70

Average Daily Volume

3,780,916

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	FRI	PFF
30 Days	-0.07%	-0.29%
60 Days	-1.01%	-1.26%
90 Days	2.97%	2.56%
12 Months	27.46%	15.76%

29 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in PFF	Overlap
ADC	B	0.64%	0.08%	0.08%
AHH	D	0.06%	0.09%	0.06%
AMH	D	0.99%	0.07%	0.07%
BFS	C	0.04%	0.06%	0.04%
BHR	B	0.02%	0.03%	0.02%
CIO	D	0.02%	0.05%	0.02%
CLDT	B	0.04%	0.07%	0.04%
CTO	B	0.03%	0.07%	0.03%
DHC	F	0.04%	0.1%	0.04%
DLR	B	4.61%	0.11%	0.11%
DRH	B	0.16%	0.07%	0.07%
EPR	D	0.28%	0.06%	0.06%
EQC	B	0.18%	0.07%	0.07%
FRT	B	0.72%	0.08%	0.08%
GNL	F	0.12%	0.06%	0.06%
HPP	F	0.05%	0.14%	0.05%
INN	D	0.06%	0.05%	0.05%
KIM	A	1.4%	0.12%	0.12%
LXP	D	0.23%	0.06%	0.06%
NSA	D	0.25%	0.13%	0.13%
OPI	F	0.01%	0.04%	0.01%
PEB	D	0.12%	0.06%	0.06%
PSA	D	4.39%	0.07%	0.07%
REG	B	1.01%	0.07%	0.07%
RLJ	C	0.12%	0.2%	0.12%
SHO	C	0.17%	0.05%	0.05%
SLG	B	0.41%	0.12%	0.12%
UMH	C	0.11%	0.18%	0.11%
VNO	B	0.58%	0.12%	0.12%

FRI Overweight 99 Positions Relative to PFF

Symbol	Grade	Weight
PLD	D	8.93%
EQIX	A	7.17%
WELL	A	6.54%
SPG	B	4.6%
O	D	4.11%
EXR	D	2.91%
IRM	D	2.79%
VICI	C	2.76%
AVB	B	2.72%
VTR	C	2.21%
EQR	B	2.1%
ESS	B	1.63%
INVH	D	1.61%
MAA	B	1.55%
ARE	D	1.42%
DOC	D	1.26%
SUI	D	1.22%
GLPI	C	1.12%
UDR	B	1.12%
ELS	C	1.12%
CPT	B	1.08%
HST	C	1.03%
WPC	D	1.01%
BXP	D	0.97%
LAMR	D	0.94%
CUBE	D	0.91%
OHI	C	0.86%
REXR	F	0.77%
BRX	A	0.73%
EGP	F	0.7%
NNN	D	0.65%
FR	C	0.58%
RHP	B	0.57%
STAG	F	0.55%
KRG	B	0.5%
TRNO	F	0.5%
COLD	D	0.48%
EPRT	B	0.48%
CTRE	D	0.42%
PECO	A	0.4%
CUZ	B	0.39%
IRT	A	0.39%
SBRA	C	0.36%
MAC	B	0.35%
KRC	C	0.35%
SKT	B	0.33%
APLE	B	0.29%
NHI	D	0.28%
HIW	D	0.28%
CDP	C	0.28%
BNL	D	0.27%
PK	B	0.26%
DEI	B	0.26%
IIPR	D	0.25%
UE	C	0.23%
MPW	F	0.22%
OUT	A	0.22%
AKR	B	0.22%
FCPT	C	0.22%
ROIC	A	0.19%
IVT	B	0.19%
LTC	B	0.14%
XHR	B	0.13%
GTY	B	0.13%
ALEX	C	0.12%
ESRT	C	0.12%
ELME	D	0.12%
VRE	B	0.12%
AAT	B	0.11%
JBGS	D	0.11%
UNIT	B	0.11%
PDM	D	0.1%
NTST	D	0.1%
DEA	D	0.1%
AIV	C	0.09%
CSR	B	0.09%
BDN	C	0.08%
PGRE	F	0.08%
NXRT	B	0.08%
GOOD	B	0.06%
PLYM	F	0.06%
WSR	A	0.05%
OLP	B	0.04%
ALX	D	0.04%
SVC	F	0.04%
CHCT	C	0.04%
PKST	D	0.04%
FPI	B	0.04%
UHT	D	0.04%
GMRE	F	0.04%
PSTL	D	0.03%
CBL	A	0.03%
LAND	F	0.03%
NXDT	D	0.02%
PINE	C	0.02%
BRT	B	0.02%
ILPT	D	0.02%
MDV	D	0.01%
FSP	C	0.01%

FRI Underweight 198 Positions Relative to PFF

Symbol	Grade	Weight
C	A	-1.68%
ALB	C	-1.35%
HPE	B	-1.13%
NEE	D	-1.08%
ARES	A	-1.0%
T	A	-0.88%
TBB	C	-0.79%
T	A	-0.64%
DUK	C	-0.62%
SOJD	F	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
NEE	D	-0.42%
JPM	A	-0.41%
APO	B	-0.4%
CMSD	C	-0.38%
MET	A	-0.37%
JXN	C	-0.37%
SO	D	-0.37%
F	C	-0.37%
CHSCO	C	-0.36%
LNC	B	-0.35%
PRS	B	-0.35%
WCC	B	-0.35%
BTSG	C	-0.35%
SYF	B	-0.33%
CHSCL	C	-0.33%
BANC	A	-0.32%
GTLS	B	-0.32%
QRTEP	F	-0.32%
CTDD	C	-0.31%
DUKB	C	-0.31%
CHSCM	D	-0.31%
AXS	A	-0.31%
SCHW	B	-0.31%
WFC	A	-0.31%
STT	A	-0.31%
UZE	B	-0.29%
USM	B	-0.29%
FITBI	C	-0.29%
BAC	A	-0.28%
BPYPM	C	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
TPG	A	-0.26%
PFH	F	-0.25%
RZB	C	-0.25%
MS	A	-0.25%
KEY	B	-0.25%
CFG	B	-0.24%
CG	A	-0.24%
KKR	A	-0.24%
TDS	B	-0.23%
PBI	B	-0.23%
DTW	D	-0.23%
FG	B	-0.23%
HIG	B	-0.22%
NTRS	A	-0.22%
CHSCP	F	-0.22%
EAI	C	-0.22%
AGNCN	B	-0.21%
USB	A	-0.21%
FCNCA	A	-0.2%
ESGRP	D	-0.2%
UNMA	C	-0.19%
ATHS	C	-0.19%
ACGLO	C	-0.19%
VOYA	B	-0.19%
RF	A	-0.19%
PRU	A	-0.19%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	D	-0.17%
CMSC	C	-0.17%
TCBI	B	-0.16%
ALL	A	-0.16%
MTB	A	-0.16%
WAL	B	-0.16%
TVC	C	-0.15%
ELC	C	-0.15%
BHF	B	-0.15%
NRUC	D	-0.15%
NAVI	C	-0.15%
RNR	C	-0.15%
SR	A	-0.15%
GPJA	F	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	C	-0.14%
GL	B	-0.14%
AIZN	D	-0.14%
EQH	B	-0.14%
EMP	D	-0.14%
PNFP	B	-0.14%
AGNC	D	-0.14%
DBRG	F	-0.13%
SNV	B	-0.13%
DDT	B	-0.13%
KMI	A	-0.13%
WRB	A	-0.12%
TVE	C	-0.12%
EIX	B	-0.12%
SLMBP	C	-0.12%
GS	A	-0.12%
CMSA	C	-0.12%
FCNCO	D	-0.12%
FITB	A	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	C	-0.11%
AUB	B	-0.11%
CMS	C	-0.11%
DTE	C	-0.11%
HWC	B	-0.11%
AFGC	C	-0.11%
NYMTM	B	-0.11%
SIGI	C	-0.1%
WSBC	A	-0.1%
TRTX	B	-0.1%
SPLP	D	-0.1%
FULT	A	-0.1%
AFGE	D	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
TFC	A	-0.1%
SF	B	-0.1%
HBAN	A	-0.1%
CIM	D	-0.09%
AMG	B	-0.09%
KMPR	B	-0.09%
GPMT	C	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	C	-0.09%
BNRE.A	C	-0.09%
BOH	B	-0.08%
CFR	B	-0.08%
QVCD	D	-0.08%
ATLC	B	-0.08%
TWO	D	-0.08%
GAIN	C	-0.08%
CTVA	C	-0.08%
AFGB	C	-0.08%
LANDO	B	-0.08%
BC	C	-0.08%
NYMTL	A	-0.08%
ARGD	C	-0.08%
CNO	A	-0.08%
WTFCM	B	-0.08%
MBIN	D	-0.08%
WBS	A	-0.08%
NYMTN	D	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
BPOPM	C	-0.07%
PCG	A	-0.07%
IVR	F	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
MHNC	D	-0.07%
FTAI	B	-0.07%
ONB	B	-0.07%
PMT	D	-0.07%
VLYPP	A	-0.07%
NEWT	B	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
TRIN	A	-0.07%
FHN	A	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	C	-0.06%
COF	B	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	C	-0.06%
BW	D	-0.06%
SAR	A	-0.06%
BAC	A	-0.06%
DCOMP	C	-0.06%
FATBP	D	-0.05%
MHLA	C	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	C	-0.04%
XELAP	F	-0.0%