BBRE vs. GQRE ETF Comparison

Comparison of JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) to FlexShares Global Quality Real Estate Index Fund (GQRE)

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$100.43

Average Daily Volume

36,489

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.16

Average Daily Volume

18,015

Number of Holdings ^*

63

* may have additional holdings in another (foreign) market

Performance

Period	BBRE	GQRE
30 Days	-0.12%	-0.18%
60 Days	-1.15%	-2.28%
90 Days	2.93%	1.56%
12 Months	29.32%	22.76%

56 Overlapping Holdings

	Symbol	Grade	Weight in BBRE	Weight in GQRE	Overlap
	AAT	B	0.13%	0.26%	0.13%
	ADC	B	0.6%	1.02%	0.6%
	AKR	B	0.22%	0.35%	0.22%
	ALEX	C	0.13%	0.26%	0.13%
	AMH	D	1.04%	1.67%	1.04%
	APLE	B	0.3%	0.47%	0.3%
	AVB	B	2.78%	4.37%	2.78%
	BNL	D	0.26%	0.43%	0.26%
	CPT	B	1.07%	1.73%	1.07%
	CSR	B	0.1%	0.24%	0.1%
	CUBE	D	0.95%	1.45%	0.95%
	CUZ	B	0.42%	0.64%	0.42%
	DLR	B	4.57%	5.76%	4.57%
	DRH	B	0.17%	0.26%	0.17%
	EPR	D	0.3%	0.45%	0.3%
	EPRT	B	0.42%	0.77%	0.42%
	EQC	B	0.2%	0.29%	0.2%
	EQIX	A	7.34%	1.74%	1.74%
	EQR	B	2.27%	3.36%	2.27%
	ESRT	C	0.14%	0.26%	0.14%
	ESS	B	1.7%	2.62%	1.7%
	FR	C	0.61%	0.94%	0.61%
	HIW	D	0.3%	0.46%	0.3%
	HPP	F	0.04%	0.16%	0.04%
	HST	C	1.09%	1.66%	1.09%
	IIPR	D	0.26%	0.4%	0.26%
	IRM	D	2.95%	0.69%	0.69%
	IRT	A	0.42%	0.63%	0.42%
	IVT	B	0.21%	0.3%	0.21%
	KIM	A	1.47%	2.25%	1.47%
	KRC	C	0.36%	0.6%	0.36%
	KRG	B	0.53%	0.8%	0.53%
	LTC	B	0.14%	0.28%	0.14%
	NHI	D	0.3%	0.45%	0.3%
	NNN	D	0.69%	1.04%	0.69%
	NSA	D	0.34%	0.4%	0.34%
	NXRT	B	0.1%	0.24%	0.1%
	O	D	3.75%	0.41%	0.41%
	PDM	D	0.11%	0.26%	0.11%
	PK	B	0.28%	0.42%	0.28%
	PLD	D	8.9%	2.99%	2.99%
	PSA	D	4.27%	0.64%	0.64%
	REG	B	1.09%	1.59%	1.09%
	RLJ	C	0.14%	0.24%	0.14%
	SBRA	C	0.38%	0.57%	0.38%
	SHO	C	0.19%	0.28%	0.19%
	SKT	B	0.34%	0.52%	0.34%
	SLG	B	0.45%	0.66%	0.45%
	SPG	B	4.49%	5.85%	4.49%
	STAG	F	0.57%	0.89%	0.57%
	UDR	B	1.26%	1.88%	1.26%
	UE	C	0.24%	0.38%	0.24%
	VICI	C	2.7%	2.46%	2.46%
	VNO	B	0.59%	0.91%	0.59%
	WELL	A	6.17%	1.42%	1.42%
	XHR	B	0.15%	0.28%	0.15%

BBRE Overweight 58 Positions Relative to GQRE

	Symbol	Grade	Weight
	EXR	D	3.02%
	VTR	C	2.24%
	INVH	D	1.8%
	MAA	B	1.59%
	ARE	D	1.42%
	SUI	D	1.37%
	DOC	D	1.3%
	GLPI	C	1.14%
	ELS	C	1.09%
	BXP	D	1.04%
	WPC	D	1.03%
	OHI	C	0.82%
	BRX	A	0.78%
	FRT	B	0.73%
	REXR	F	0.69%
	EGP	F	0.65%
	COLD	D	0.54%
	RHP	B	0.52%
	TRNO	F	0.4%
	PECO	A	0.4%
	MAC	B	0.37%
	CDP	C	0.31%
	DEI	B	0.3%
	CTRE	D	0.27%
	LXP	D	0.23%
	MPW	F	0.23%
	FCPT	C	0.22%
	ROIC	A	0.2%
	JBGS	D	0.15%
	PEB	D	0.15%
	ELME	D	0.13%
	GNL	F	0.13%
	VRE	B	0.13%
	GTY	B	0.12%
	AIV	C	0.12%
	UMH	C	0.1%
	DEA	D	0.1%
	BDN	C	0.09%
	PLYM	F	0.08%
	PGRE	F	0.08%
	AHH	D	0.08%
	NTST	D	0.08%
	GOOD	B	0.07%
	WSR	A	0.07%
	BFS	C	0.06%
	INN	D	0.06%
	FPI	B	0.06%
	OLP	B	0.05%
	ALX	D	0.05%
	UHT	D	0.05%
	GMRE	F	0.05%
	LAND	F	0.04%
	CBL	A	0.04%
	SVC	F	0.04%
	CLDT	B	0.04%
	CHCT	C	0.04%
	DHC	F	0.03%
	PKST	D	0.03%

BBRE Underweight 7 Positions Relative to GQRE

	Symbol	Grade	Weight
	AMT	D	-2.37%
	LAMR	D	-1.5%
	WY	D	-0.43%
	HASI	D	-0.42%
	DBRG	F	-0.28%
	JOE	F	-0.24%
	CCI	D	-0.19%

BBRE: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Diversified REIT - Office REIT - Residential REIT - Industrial REIT - Healthcare Facilities REIT - Hotel & Motel Business Services

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Retail Properties Real Estate Properties Equity Global Management Equity Real Estate Investment Trust Shopping Mall Champion Reit Dream Office Real Estate Investment Trust Industrial Properties Assisted Living David Sobelman Healthcare Facilities Property Management Real Estate Investment Retail Space Hawaii Hotel Industrial Real Estate

GQRE: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Retail REIT - Residential REIT - Office REIT - Hotel & Motel REIT - Industrial REIT - Healthcare Facilities Business Services Lumber & Wood Production Real Estate - General Telecom Services

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Retail Properties Real Estate Properties Equity Global Management Equity Real Estate Investment Trust Shopping Mall Assisted Living Inland Residential Properties Trust Madison Marquette Self Storage Communications Infrastructure David Sobelman Distributed Antenna System Dream Office Real Estate Investment Trust Forest Products Forestry Golf Courses Hawaii