DFGR vs. FPRO ETF Comparison

Comparison of Dimensional Global Real Estate ETF (DFGR) to Fidelity Real Estate Investment ETF (FPRO)

DFGR

Dimensional Global Real Estate ETF

DFGR Description

The Portfolio, using a market capitalization weighted approach, purchases a broad and diverse set of securities of U.S. and non-U.S. companies principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on real estate investment trusts ("REITs") and companies the Advisor considers to be REIT-like entities. The Portfolio invests in companies of all sizes.

Grade (RS Rating)

Last Trade

$27.59

Average Daily Volume

217,983

Number of Holdings ^*

128

* 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

$23.63

Average Daily Volume

5,800

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFGR	FPRO
30 Days	-3.60%	-2.20%
60 Days	-3.83%	-2.12%
90 Days	1.47%	2.76%
12 Months	20.09%	20.48%

36 Overlapping Holdings

Symbol	Grade	Weight in DFGR	Weight in FPRO	Overlap
AKR	A	0.14%	0.24%	0.14%
AMH	C	0.7%	2.09%	0.7%
AMT	D	5.14%	9.56%	5.14%
CCI	C	2.37%	2.18%	2.18%
COLD	F	0.34%	2.21%	0.34%
CPT	C	0.72%	1.08%	0.72%
CUBE	C	0.61%	3.33%	0.61%
DLR	A	3.29%	3.31%	3.29%
DRH	B	0.1%	0.02%	0.02%
ELME	D	0.08%	0.42%	0.08%
ELS	B	0.72%	0.4%	0.4%
EQIX	A	4.82%	7.21%	4.82%
EQR	C	1.45%	2.75%	1.45%
EXR	C	1.95%	1.92%	1.92%
FCPT	C	0.15%	0.84%	0.15%
INVH	D	1.16%	1.57%	1.16%
IVT	A	0.12%	0.09%	0.09%
KIM	A	0.94%	3.9%	0.94%
LAMR	D	0.63%	1.29%	0.63%
MAA	A	1.03%	2.02%	1.03%
MAC	A	0.24%	0.34%	0.24%
NNN	C	0.43%	3.78%	0.43%
PECO	A	0.28%	0.77%	0.28%
PLD	D	5.99%	10.01%	5.99%
PSA	C	2.96%	5.89%	2.96%
REG	A	0.73%	0.92%	0.73%
RHP	B	0.35%	0.45%	0.35%
SBAC	D	1.32%	1.17%	1.17%
SKT	A	0.23%	0.68%	0.23%
STAG	D	0.37%	1.07%	0.37%
SUI	C	0.87%	2.69%	0.87%
TRNO	D	0.33%	0.73%	0.33%
UDR	C	0.79%	3.51%	0.79%
UE	A	0.15%	1.36%	0.15%
VTR	B	1.48%	5.69%	1.48%
WELL	A	4.63%	5.23%	4.63%

DFGR Overweight 92 Positions Relative to FPRO

Symbol	Grade	Weight
SPG	A	3.28%
O	C	2.76%
IRM	C	1.87%
VICI	C	1.84%
AVB	B	1.83%
ESS	A	1.09%
ARE	F	0.96%
DOC	D	0.84%
GLPI	C	0.75%
HST	D	0.69%
WPC	C	0.68%
BXP	D	0.66%
OHI	B	0.58%
REXR	F	0.51%
BRX	A	0.49%
FRT	B	0.48%
EGP	D	0.47%
ADC	A	0.43%
FR	C	0.39%
VNO	C	0.38%
EPRT	A	0.34%
KRG	A	0.33%
IRT	A	0.32%
SLG	B	0.29%
CUZ	B	0.28%
KRC	C	0.26%
CTRE	C	0.26%
SBRA	B	0.25%
APLE	B	0.23%
EPR	D	0.2%
HIW	D	0.19%
CDP	C	0.19%
PK	D	0.19%
NHI	D	0.19%
BNL	D	0.18%
NSA	C	0.17%
DEI	B	0.17%
IIPR	F	0.17%
LXP	D	0.15%
MPW	F	0.14%
OUT	A	0.13%
ROIC	A	0.12%
SHO	D	0.11%
GNL	D	0.08%
ESRT	C	0.08%
PEB	F	0.08%
XHR	B	0.08%
UMH	A	0.08%
LTC	B	0.08%
GTY	A	0.08%
DEA	D	0.07%
UNIT	B	0.07%
JBGS	F	0.07%
EQC	A	0.07%
AAT	A	0.07%
RLJ	C	0.07%
VRE	A	0.07%
AIV	C	0.06%
CSR	A	0.06%
NTST	D	0.06%
PDM	D	0.06%
PGRE	D	0.05%
BDN	C	0.05%
NXRT	A	0.05%
INN	D	0.04%
GOOD	A	0.04%
SILA	C	0.04%
PLYM	F	0.04%
ALEX	B	0.04%
ALX	D	0.03%
HPP	F	0.03%
BFS	C	0.03%
GMRE	F	0.03%
UHT	D	0.03%
WSR	A	0.03%
DHC	F	0.02%
CBL	A	0.02%
SVC	F	0.02%
CLDT	C	0.02%
CTO	B	0.02%
OLP	A	0.02%
CIO	F	0.01%
PINE	D	0.01%
BHR	C	0.01%
ILPT	D	0.01%
BRT	A	0.01%
PSTL	D	0.01%
FSP	C	0.0%
OPI	F	0.0%
CLPR	D	0.0%
PKST	F	0.0%
MDV	D	0.0%

DFGR Underweight 4 Positions Relative to FPRO

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