FPRO vs. INDS ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to Pacer Benchmark Industrial Real Estate SCTR ETF (INDS)

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

INDS

Pacer Benchmark Industrial Real Estate SCTR ETF

INDS Description

The investment seeks to track the total return performance, before fees and expenses, of the Benchmark Industrial Real Estate SCTR¿ Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index was developed by Benchmark Investments, LLC, the index provider (the "index provider"), and measures the performance of the industrial real estate sector of the U.S. equity market, which includes warehouse and self-storage real estate sub-sectors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.26

Average Daily Volume

29,337

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	INDS
30 Days	-0.13%	-5.07%
60 Days	-1.78%	-10.92%
90 Days	0.85%	-10.09%
12 Months	20.89%	9.44%

6 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in INDS	Overlap
CUBE	C	3.33%	4.55%	3.33%
EXR	C	1.92%	4.67%	1.92%
PLD	F	10.01%	15.13%	10.01%
PSA	C	5.89%	15.72%	5.89%
STAG	D	1.07%	4.14%	1.07%
TRNO	F	0.73%	3.61%	0.73%

FPRO Overweight 34 Positions Relative to INDS

Symbol	Grade	Weight
AMT	C	9.56%
EQIX	A	7.21%
VTR	B	5.69%
WELL	A	5.23%
CBRE	B	4.11%
KIM	A	3.9%
NNN	C	3.78%
UDR	B	3.51%
DLR	B	3.31%
EQR	C	2.75%
SUI	C	2.69%
COLD	D	2.21%
CCI	C	2.18%
AMH	C	2.09%
MAA	B	2.02%
INVH	D	1.57%
CSGP	D	1.36%
UE	B	1.36%
LAMR	C	1.29%
SBAC	D	1.17%
CPT	B	1.08%
REG	A	0.92%
FCPT	C	0.84%
PECO	A	0.77%
SKT	A	0.68%
WY	F	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	A	0.09%
DRH	B	0.02%

FPRO Underweight 6 Positions Relative to INDS

Symbol	Grade	Weight
EGP	D	-4.73%
WPC	C	-4.42%
FR	D	-4.32%
REXR	F	-4.19%
NSA	C	-1.84%
LXP	D	-1.7%