VRAI vs. FPRO ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to Fidelity Real Estate Investment ETF (FPRO)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.49

Average Daily Volume

3,515

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.51

Average Daily Volume

2,151

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	FPRO
30 Days	-1.12%	-6.69%
60 Days	3.94%	-5.46%
90 Days	2.81%	-6.31%
12 Months	4.09%	-3.88%

12 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in FPRO	Overlap
CCI	F	0.99%	6.27%	0.99%
CUBE	D	1.08%	3.29%	1.08%
EXR	D	1.07%	1.19%	1.07%
INVH	B	1.05%	1.32%	1.05%
KIM	D	1.0%	3.5%	1.0%
MAA	C	1.05%	2.78%	1.05%
PSA	D	1.03%	4.49%	1.03%
REG	D	1.05%	2.58%	1.05%
RHP	C	1.01%	0.81%	0.81%
SITC	D	1.05%	0.97%	0.97%
SKT	B	1.02%	0.45%	0.45%
TRNO	F	0.97%	0.77%	0.77%

VRAI Overweight 69 Positions Relative to FPRO

Symbol	Grade	Weight
SBSW	C	1.32%
GFI	A	1.3%
SCCO	A	1.23%
DVN	A	1.18%
BRY	A	1.18%
COP	A	1.17%
EOG	A	1.17%
PXD	B	1.17%
ARLP	A	1.17%
FANG	A	1.16%
CWEN	B	1.16%
PBR	A	1.16%
EC	A	1.15%
SBR	B	1.14%
CIG	B	1.14%
EQNR	B	1.13%
GPRK	B	1.13%
PAGP	A	1.13%
KRP	A	1.13%
NRP	A	1.12%
NEP	D	1.12%
NI	A	1.12%
BSM	A	1.11%
AVA	A	1.11%
DMLP	B	1.11%
CTRA	A	1.11%
PAA	A	1.11%
OVV	A	1.11%
ES	A	1.1%
WEC	B	1.1%
FDP	A	1.1%
NJR	A	1.1%
LNT	A	1.1%
CMS	A	1.1%
AEP	A	1.09%
HESM	D	1.09%
GGB	D	1.09%
CCOI	D	1.09%
ENIC	C	1.09%
WES	A	1.09%
TS	D	1.08%
EPRT	A	1.08%
OGS	B	1.08%
ADC	B	1.08%
NSA	D	1.07%
ORAN	F	1.07%
PNM	D	1.07%
CPT	A	1.07%
APA	B	1.06%
PTEN	F	1.06%
VALE	D	1.06%
IVT	B	1.06%
EPR	D	1.06%
BNL	D	1.05%
AAT	B	1.05%
FR	D	1.04%
ROIC	D	1.04%
IIPR	B	1.04%
OUT	B	1.02%
BRX	C	1.02%
HST	D	1.0%
EGP	F	1.0%
APLE	D	1.0%
SPOK	C	0.99%
NFE	F	0.99%
AMT	F	0.98%
KT	D	0.96%
SID	F	0.93%
REXR	F	0.92%

VRAI Underweight 26 Positions Relative to FPRO

Symbol	Grade	Weight
PLD	F	-12.01%
EQIX	F	-7.65%
SBAC	F	-6.1%
VTR	B	-5.48%
DLR	B	-3.44%
CBRE	C	-3.34%
SUI	D	-3.31%
NNN	C	-3.21%
UDR	A	-2.79%
IRM	B	-2.55%
WELL	A	-2.53%
EQR	A	-2.33%
AMH	B	-1.98%
AIRC	A	-1.53%
DRH	C	-1.42%
WY	D	-1.4%
PECO	D	-1.39%
O	A	-1.38%
LAMR	B	-1.25%
UE	C	-1.17%
COLD	F	-1.17%
CSGP	B	-0.79%
FCPT	C	-0.73%
ELS	F	-0.53%
GLPI	F	-0.5%
DBRG	F	-0.18%