FPRO vs. DESK ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to VanEck Office and Commercial REIT ETF (DESK)
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

$23.90

Average Daily Volume

5,625

Number of Holdings *

40

* may have additional holdings in another (foreign) market
DESK

VanEck Office and Commercial REIT ETF

DESK Description The fund normally invests at least 80% of its total assets in Office and Commercial Real Estate Companies. The index is comprised of equity securities of Office and Commercial Real Estate Companies and is intended to give investors a means of tracking the overall performance of U.S exchange-listed real estate investment trusts (REITs) involved in the office and commercial real estate markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.25

Average Daily Volume

643

Number of Holdings *

24

* may have additional holdings in another (foreign) market
Performance
Period FPRO DESK
30 Days -0.38% -2.47%
60 Days -2.17% 2.14%
90 Days 1.66% 8.36%
12 Months 21.86% 44.65%
3 Overlapping Holdings
Symbol Grade Weight in FPRO Weight in DESK Overlap
KIM A 3.9% 2.6% 2.6%
PLD D 10.01% 3.35% 3.35%
REG B 0.92% 1.81% 0.92%
FPRO Overweight 37 Positions Relative to DESK
Symbol Grade Weight
AMT D 9.56%
EQIX A 7.21%
PSA D 5.89%
VTR C 5.69%
WELL A 5.23%
CBRE B 4.11%
NNN D 3.78%
UDR B 3.51%
CUBE D 3.33%
DLR B 3.31%
EQR B 2.75%
SUI D 2.69%
COLD D 2.21%
CCI D 2.18%
AMH D 2.09%
MAA B 2.02%
EXR D 1.92%
INVH D 1.57%
CSGP D 1.36%
UE C 1.36%
LAMR D 1.29%
SBAC D 1.17%
CPT B 1.08%
STAG F 1.07%
FCPT C 0.84%
PECO A 0.77%
TRNO F 0.73%
SKT B 0.68%
WY D 0.64%
COMP B 0.55%
RHP B 0.45%
ELME D 0.42%
ELS C 0.4%
MAC B 0.34%
AKR B 0.24%
IVT B 0.09%
DRH B 0.02%
FPRO Underweight 21 Positions Relative to DESK
Symbol Grade Weight
VNO B -11.63%
BXP D -9.94%
KRC C -8.76%
SLG B -8.48%
CUZ B -6.54%
CDP C -6.21%
EQC B -4.63%
DEI B -4.42%
HIW D -4.32%
SPG B -4.16%
O D -3.42%
ESRT C -2.72%
AAT B -2.51%
PDM D -2.47%
DEA D -2.26%
PGRE F -1.98%
WPC D -1.9%
BDN C -1.52%
JBGS D -1.44%
REXR F -0.98%
HPP F -0.96%
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