DBND vs. FREL ETF Comparison

Comparison of DoubleLine Opportunistic Bond ETF (DBND) to Fidelity MSCI Real Estate Index ETF (FREL)

DBND

DoubleLine Opportunistic Bond ETF

DBND Description

Under normal circumstances, the Advisor intends to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. It may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P or Ba1 or lower by Moody?s or the equivalent by any other nationally recognized statistical rating organization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.41

Average Daily Volume

37,941

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

$29.68

Average Daily Volume

181,496

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	DBND	FREL
30 Days	1.51%	6.69%
60 Days	4.00%	10.62%
90 Days	4.82%	18.25%
12 Months	10.03%	26.83%

2 Overlapping Holdings

	Symbol	Grade	Weight in DBND	Weight in FREL	Overlap
	CCI	C	0.38%	3.33%	0.38%
	PK	D	0.18%	0.19%	0.18%

DBND Overweight 51 Positions Relative to FREL

Symbol	Grade	Weight
UPST	C	1.79%
COMM	C	0.77%
BNS	B	0.68%
GS	C	0.66%
JPM	D	0.62%
ABBV	C	0.61%
DLTR	F	0.59%
BAC	D	0.56%
DFS	B	0.49%
T	C	0.48%
CVS	D	0.42%
BMO	C	0.38%
MAR	C	0.38%
CMCSA	D	0.38%
OC	D	0.37%
NTAP	D	0.37%
SO	B	0.36%
BA	F	0.35%
KMI	B	0.35%
ARCC	B	0.35%
MO	C	0.34%
DKS	D	0.34%
GM	C	0.34%
SYY	D	0.33%
RPRX	C	0.32%
EXPE	C	0.3%
ORCL	C	0.3%
WTW	C	0.29%
HCA	B	0.29%
CCL	C	0.26%
AAL	D	0.19%
COTY	F	0.19%
PENN	D	0.19%
PFGC	B	0.19%
POST	C	0.18%
GFF	D	0.18%
MODV	F	0.18%
SPH	F	0.18%
UAL	C	0.18%
PCG	C	0.18%
NRG	C	0.17%
VSCO	C	0.17%
CHTR	D	0.17%
CACC	F	0.16%
UBER	C	0.16%
BALY	B	0.16%
SSP	F	0.16%
OMI	D	0.16%
OMF	D	0.16%
GPOR	D	0.16%
EXC	C	0.09%

DBND Underweight 136 Positions Relative to FREL

Symbol	Grade	Weight
PLD	C	-7.76%
AMT	C	-7.12%
EQIX	C	-5.3%
WELL	C	-4.69%
PSA	B	-3.65%
O	C	-3.46%
SPG	B	-3.44%
DLR	B	-3.27%
EXR	B	-2.42%
CBRE	A	-2.32%
VICI	C	-2.25%
IRM	C	-2.2%
AVB	B	-2.11%
CSGP	D	-2.05%
VTR	C	-1.69%
EQR	B	-1.69%
SBAC	C	-1.67%
WY	C	-1.47%
INVH	C	-1.43%
ESS	B	-1.28%
MAA	B	-1.23%
ARE	C	-1.23%
SUI	B	-1.15%
KIM	C	-1.03%
DOC	C	-1.02%
UDR	C	-0.93%
GLPI	C	-0.92%
WPC	C	-0.87%
AMH	C	-0.86%
ELS	C	-0.85%
REG	C	-0.84%
CPT	B	-0.84%
HST	C	-0.78%
CUBE	B	-0.78%
JLL	B	-0.77%
BXP	B	-0.75%
LAMR	B	-0.72%
REXR	C	-0.7%
OHI	B	-0.64%
Z	B	-0.58%
EGP	B	-0.58%
NNN	C	-0.57%
FRT	C	-0.56%
BRX	B	-0.53%
COLD	D	-0.51%
ADC	C	-0.49%
FR	B	-0.48%
STAG	C	-0.47%
TRNO	C	-0.43%
VNO	B	-0.38%
RHP	C	-0.38%
KRG	B	-0.38%
EPRT	B	-0.35%
PECO	B	-0.3%
IRT	B	-0.3%
SLG	B	-0.29%
CUZ	B	-0.29%
SBRA	C	-0.28%
RYN	C	-0.28%
CTRE	C	-0.27%
KRC	B	-0.25%
EPR	B	-0.24%
NHI	C	-0.24%
PCH	C	-0.23%
HIW	B	-0.23%
MAC	B	-0.23%
NSA	B	-0.23%
MPW	C	-0.22%
APLE	D	-0.22%
BNL	B	-0.22%
SKT	B	-0.22%
LXP	B	-0.19%
FCPT	C	-0.18%
UE	B	-0.17%
DEI	B	-0.17%
AKR	B	-0.16%
COMP	C	-0.15%
OUT	C	-0.15%
DBRG	D	-0.15%
HHH	C	-0.15%
JOE	C	-0.14%
EQC	C	-0.14%
CWK	B	-0.14%
NMRK	A	-0.14%
ROIC	B	-0.13%
SHO	C	-0.13%
IVT	B	-0.13%
GNL	C	-0.12%
DRH	C	-0.12%
LTC	C	-0.11%
ESRT	B	-0.1%
PEB	D	-0.1%
GTY	B	-0.1%
UMH	C	-0.09%
RLJ	D	-0.09%
RDFN	C	-0.09%
ALEX	B	-0.09%
XHR	B	-0.09%
JBGS	C	-0.09%
KW	C	-0.08%
PDM	B	-0.08%
UNIT	C	-0.08%
NTST	D	-0.08%
DEA	B	-0.08%
OPEN	D	-0.08%
AAT	B	-0.08%
PLYM	D	-0.07%
MMI	C	-0.07%
NXRT	C	-0.07%
CSR	B	-0.07%
EXPI	C	-0.07%
AIV	B	-0.07%
BDN	B	-0.06%
WSR	D	-0.05%
AHH	B	-0.05%
SVC	D	-0.05%
PGRE	C	-0.05%
UHT	B	-0.04%
OLP	B	-0.04%
ALX	B	-0.04%
DHC	B	-0.04%
HPP	D	-0.04%
GMRE	C	-0.04%
INN	A	-0.04%
GOOD	B	-0.04%
FOR	C	-0.04%
FRPH	D	-0.03%
CLDT	D	-0.03%
LAND	C	-0.03%
FPI	D	-0.03%
CHCT	F	-0.03%
BFS	B	-0.03%
PKST	C	-0.03%
CBL	D	-0.02%
TRC	D	-0.02%
RMR	C	-0.02%