NBGR vs. FREL ETF Comparison

Comparison of Neuberger Berman Global Real Estate ETF (NBGR) to Fidelity MSCI Real Estate Index ETF (FREL)

NBGR

Neuberger Berman Global Real Estate ETF

NBGR Description

The fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. It defines a real estate company as one that derives at least 50% of its revenue or profits from real estate or has at least 50% of its assets invested in real estate.

Grade (RS Rating)

Last Trade

$29.32

Average Daily Volume

601

Number of Holdings ^*

* 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

$28.78

Average Daily Volume

185,636

Number of Holdings ^*

140

* may have additional holdings in another (foreign) market

Performance

Period	NBGR	FREL
30 Days	0.63%	0.54%
60 Days	9.18%	8.31%
90 Days	13.55%	14.74%
12 Months		33.75%

32 Overlapping Holdings

Symbol	Grade	Weight in NBGR	Weight in FREL	Overlap
AMT	D	5.1%	6.99%	5.1%
AVB	C	3.29%	2.03%	2.03%
BXP	B	0.74%	0.77%	0.74%
CCI	D	1.3%	3.34%	1.3%
CPT	C	1.18%	0.84%	0.84%
DLR	C	1.2%	3.27%	1.2%
ELS	D	1.02%	0.8%	0.8%
EPRT	C	1.28%	0.37%	0.37%
EQIX	C	4.45%	5.41%	4.45%
EXR	D	1.5%	2.44%	1.5%
FRT	D	1.05%	0.55%	0.55%
GLPI	C	1.14%	0.9%	0.9%
HPP	F	0.81%	0.04%	0.04%
INVH	D	1.06%	1.37%	1.06%
IRM	B	2.92%	2.24%	2.24%
KIM	C	1.05%	1.01%	1.01%
KRC	C	0.87%	0.27%	0.27%
MAC	B	0.88%	0.26%	0.26%
O	C	1.86%	3.51%	1.86%
OHI	C	1.06%	0.64%	0.64%
PLD	D	4.27%	7.45%	4.27%
PSA	C	4.07%	3.67%	3.67%
REXR	D	0.98%	0.7%	0.7%
ROIC	C	0.45%	0.13%	0.13%
SBAC	C	2.3%	1.69%	1.69%
SPG	A	2.67%	3.57%	2.67%
SUI	D	2.22%	1.07%	1.07%
UDR	C	1.47%	0.9%	0.9%
VICI	C	1.12%	2.21%	1.12%
VTR	C	2.13%	1.67%	1.67%
WELL	C	2.94%	4.66%	2.94%
WY	C	1.3%	1.58%	1.3%

NBGR Overweight 0 Positions Relative to FREL

	Symbol	Grade	Weight

NBGR Underweight 108 Positions Relative to FREL

Symbol	Grade	Weight
CBRE	C	-2.45%
CSGP	F	-1.97%
EQR	C	-1.62%
ESS	D	-1.21%
MAA	D	-1.19%
ARE	D	-1.19%
DOC	C	-1.04%
WPC	C	-0.86%
REG	C	-0.82%
JLL	C	-0.82%
AMH	D	-0.81%
HST	D	-0.8%
CUBE	C	-0.77%
LAMR	C	-0.75%
Z	C	-0.66%
NNN	C	-0.57%
EGP	D	-0.57%
BRX	C	-0.55%
ADC	C	-0.49%
COLD	D	-0.49%
FR	D	-0.48%
STAG	D	-0.46%
TRNO	D	-0.42%
VNO	B	-0.42%
RHP	B	-0.4%
KRG	C	-0.38%
IRT	D	-0.3%
RYN	C	-0.29%
SLG	C	-0.29%
PECO	C	-0.29%
CUZ	C	-0.29%
CTRE	C	-0.28%
SBRA	C	-0.28%
NHI	C	-0.24%
EPR	C	-0.24%
PCH	C	-0.23%
NSA	D	-0.23%
HIW	C	-0.23%
SKT	A	-0.23%
CDP	A	-0.22%
APLE	B	-0.22%
MPW	C	-0.22%
BNL	C	-0.22%
LXP	D	-0.2%
PK	D	-0.2%
DEI	A	-0.19%
FCPT	C	-0.18%
UE	C	-0.17%
COMP	C	-0.16%
OUT	C	-0.16%
AKR	B	-0.16%
HHH	C	-0.16%
CWK	D	-0.15%
NMRK	C	-0.15%
EQC	D	-0.14%
IVT	B	-0.14%
SHO	B	-0.13%
JOE	D	-0.13%
DRH	B	-0.12%
GTY	C	-0.11%
GNL	D	-0.11%
ELME	D	-0.1%
ESRT	C	-0.1%
RDFN	C	-0.1%
PEB	D	-0.1%
XHR	A	-0.1%
LTC	D	-0.1%
PDM	C	-0.09%
UNIT	B	-0.09%
ALEX	D	-0.09%
UMH	D	-0.09%
RLJ	D	-0.09%
JBGS	C	-0.09%
EXPI	C	-0.08%
KW	C	-0.08%
NTST	F	-0.08%
VRE	C	-0.08%
DEA	D	-0.08%
AAT	C	-0.08%
PLYM	D	-0.07%
NXRT	D	-0.07%
CSR	D	-0.07%
MMI	D	-0.07%
OPEN	F	-0.07%
AIV	D	-0.07%
BDN	B	-0.06%
GOOD	A	-0.05%
DHC	C	-0.05%
FOR	D	-0.05%
SVC	D	-0.05%
INN	A	-0.05%
PGRE	D	-0.05%
AHH	F	-0.05%
UHT	D	-0.04%
OLP	C	-0.04%
ALX	D	-0.04%
GMRE	C	-0.04%
WSR	C	-0.04%
FRPH	B	-0.03%
LAND	D	-0.03%
FPI	D	-0.03%
CLDT	D	-0.03%
CHCT	F	-0.03%
PKST	D	-0.03%
BFS	C	-0.03%
CBL	D	-0.02%
TRC	D	-0.02%
RMR	B	-0.02%