DFAR vs. FPRO ETF Comparison

Comparison of Dimensional US Real Estate ETF (DFAR) to Fidelity Real Estate Investment ETF (FPRO)

DFAR

Dimensional US Real Estate ETF

DFAR Description

Dimensional US Real Estate ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Dimensional US Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.03

Average Daily Volume

123,078

Number of Holdings ^*

130

* 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

$23.71

Average Daily Volume

5,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFAR	FPRO
30 Days	-0.71%	-0.13%
60 Days	-1.80%	-1.78%
90 Days	1.13%	0.85%
12 Months	24.93%	20.89%

36 Overlapping Holdings

Symbol	Grade	Weight in DFAR	Weight in FPRO	Overlap
AKR	B	0.22%	0.24%	0.22%
AMH	C	0.92%	2.09%	0.92%
AMT	C	6.81%	9.56%	6.81%
CCI	C	3.37%	2.18%	2.18%
COLD	D	0.44%	2.21%	0.44%
CPT	B	0.95%	1.08%	0.95%
CUBE	C	0.83%	3.33%	0.83%
DLR	B	4.5%	3.31%	3.31%
DRH	B	0.14%	0.02%	0.02%
ELME	D	0.1%	0.42%	0.1%
ELS	C	0.96%	0.4%	0.4%
EQIX	A	6.39%	7.21%	6.39%
EQR	C	1.94%	2.75%	1.94%
EXR	C	2.6%	1.92%	1.92%
FCPT	C	0.2%	0.84%	0.2%
INVH	D	1.56%	1.57%	1.56%
IVT	A	0.16%	0.09%	0.09%
KIM	A	1.27%	3.9%	1.27%
LAMR	C	0.85%	1.29%	0.85%
MAA	B	1.37%	2.02%	1.37%
MAC	B	0.32%	0.34%	0.32%
NNN	C	0.58%	3.78%	0.58%
PECO	A	0.36%	0.77%	0.36%
PLD	F	7.8%	10.01%	7.8%
PSA	C	3.96%	5.89%	3.96%
REG	A	0.95%	0.92%	0.92%
RHP	B	0.47%	0.45%	0.45%
SBAC	D	1.74%	1.17%	1.17%
SKT	A	0.31%	0.68%	0.31%
STAG	D	0.49%	1.07%	0.49%
SUI	C	1.16%	2.69%	1.16%
TRNO	F	0.44%	0.73%	0.44%
UDR	B	1.04%	3.51%	1.04%
UE	B	0.21%	1.36%	0.21%
VTR	B	1.96%	5.69%	1.96%
WELL	A	4.9%	5.23%	4.9%

DFAR Overweight 94 Positions Relative to FPRO

Symbol	Grade	Weight
SPG	A	4.39%
O	C	3.67%
IRM	C	2.52%
VICI	C	2.46%
AVB	B	2.43%
ESS	B	1.46%
ARE	F	1.23%
DOC	C	1.1%
GLPI	C	1.01%
WPC	C	0.92%
HST	C	0.91%
BXP	C	0.88%
OHI	C	0.76%
REXR	F	0.71%
BRX	A	0.66%
EGP	D	0.63%
FRT	B	0.62%
ADC	A	0.59%
FR	D	0.52%
VNO	C	0.49%
EPRT	B	0.45%
KRG	B	0.43%
SLG	B	0.38%
CTRE	C	0.37%
CUZ	B	0.36%
IRT	A	0.36%
SBRA	C	0.32%
KRC	B	0.32%
APLE	B	0.27%
EPR	C	0.26%
CDP	C	0.26%
NHI	D	0.26%
HIW	C	0.25%
BNL	D	0.24%
IIPR	D	0.23%
NSA	C	0.23%
PK	C	0.22%
DEI	B	0.22%
LXP	D	0.2%
MPW	F	0.19%
OUT	A	0.18%
ROIC	A	0.17%
SHO	D	0.15%
LTC	B	0.13%
ESRT	C	0.12%
GTY	A	0.12%
GNL	F	0.11%
PEB	D	0.11%
XHR	B	0.11%
RLJ	C	0.11%
VRE	B	0.1%
AAT	B	0.1%
UMH	B	0.1%
UNIT	B	0.1%
PDM	D	0.09%
DEA	D	0.09%
NTST	C	0.09%
JBGS	F	0.09%
NXRT	B	0.08%
AIV	C	0.08%
CSR	B	0.08%
EQC	B	0.07%
PGRE	F	0.06%
BDN	C	0.06%
WSR	A	0.05%
INN	D	0.05%
GOOD	B	0.05%
PLYM	F	0.05%
ALX	D	0.04%
BFS	C	0.04%
UHT	D	0.04%
GMRE	F	0.04%
DHC	F	0.03%
SILA	C	0.03%
CBL	B	0.03%
CLDT	B	0.03%
SVC	F	0.03%
OLP	B	0.03%
CTO	B	0.03%
ILPT	F	0.02%
BRT	A	0.02%
CHCT	C	0.02%
HPP	F	0.02%
PSTL	D	0.02%
BHR	C	0.01%
CIO	C	0.01%
ALEX	B	0.01%
PINE	C	0.01%
CMCT	F	0.0%
SELF	B	0.0%
CLPR	D	0.0%
PKST	F	0.0%
OPI	F	0.0%
MDV	D	0.0%

DFAR Underweight 4 Positions Relative to FPRO

Symbol	Grade	Weight
CBRE	B	-4.11%
CSGP	D	-1.36%
WY	F	-0.64%
COMP	B	-0.55%