FPRO vs. MMSC ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to First Trust Multi-Manager Small (MMSC)

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

$24.09

Average Daily Volume

4,427

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.40

Average Daily Volume

9,230

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	MMSC
30 Days	1.69%	1.24%
60 Days	7.52%	9.56%
90 Days	16.14%	5.75%
12 Months	32.11%	32.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPRO	Weight in MMSC	Overlap
	COMP	C	0.59%	0.34%	0.34%

FPRO Overweight 36 Positions Relative to MMSC

Symbol	Grade	Weight
PLD	D	11.02%
AMT	C	8.86%
EQIX	B	6.69%
VTR	B	5.67%
PSA	C	5.38%
CBRE	A	3.97%
KIM	C	3.83%
NNN	A	3.61%
DLR	C	3.56%
CUBE	C	3.46%
UDR	C	3.16%
SUI	C	3.09%
MAA	C	2.77%
WELL	B	2.71%
CCI	A	2.71%
EQR	C	2.54%
IRM	B	2.04%
AMH	D	1.92%
EXR	C	1.8%
COLD	D	1.53%
CSGP	F	1.52%
INVH	D	1.36%
UE	B	1.36%
SBAC	B	1.35%
LAMR	C	1.3%
STAG	D	1.03%
REG	B	1.02%
DRH	D	0.97%
CPT	C	0.95%
PECO	C	0.92%
FCPT	C	0.81%
TRNO	D	0.79%
WY	B	0.73%
SKT	A	0.61%
RHP	C	0.53%
ELS	D	0.42%

FPRO Underweight 178 Positions Relative to MMSC

Symbol	Grade	Weight
AXON	A	-2.07%
CYBR	C	-1.78%
BRBR	B	-1.51%
SGBX	F	-1.31%
WING	B	-1.26%
CRNX	D	-1.24%
VRNS	C	-1.24%
PCVX	B	-1.23%
AAON	B	-1.21%
TMDX	D	-1.17%
PLMR	D	-1.12%
MOD	C	-1.07%
COHR	B	-1.07%
MANH	C	-1.05%
AVAV	B	-0.95%
ONTO	C	-0.93%
SPSC	D	-0.9%
BFAM	C	-0.88%
KTOS	A	-0.87%
FTI	B	-0.87%
GKOS	C	-0.86%
FRPT	C	-0.8%
SFM	A	-0.79%
RBC	B	-0.78%
GWRE	A	-0.77%
RYAN	A	-0.77%
HQY	B	-0.77%
MNDY	C	-0.76%
CW	A	-0.76%
CWAN	C	-0.74%
SMTC	C	-0.71%
XENE	F	-0.71%
FCN	B	-0.71%
NTRA	B	-0.7%
TTEK	B	-0.69%
TNDM	D	-0.68%
HALO	D	-0.68%
EXEL	C	-0.67%
MMS	A	-0.67%
EZPW	D	-0.67%
ERJ	C	-0.66%
KNF	C	-0.66%
HEI	C	-0.66%
LGND	D	-0.62%
ICFI	C	-0.62%
ACHC	F	-0.62%
IBP	C	-0.62%
FSS	B	-0.59%
PSN	A	-0.59%
BCPC	C	-0.58%
FIX	B	-0.58%
ECPG	F	-0.57%
VIRT	C	-0.57%
MKTX	C	-0.56%
LTH	C	-0.55%
SITE	D	-0.55%
MGY	C	-0.55%
CR	C	-0.55%
SUPN	D	-0.54%
PZZA	D	-0.53%
NUVL	B	-0.53%
SKY	A	-0.52%
RVLV	C	-0.52%
CVLT	C	-0.51%
CVNA	A	-0.51%
SWN	C	-0.5%
PIPR	C	-0.5%
RGEN	F	-0.49%
RARE	C	-0.49%
VRT	B	-0.49%
MTSI	C	-0.48%
ATI	B	-0.48%
KYMR	C	-0.47%
ITGR	C	-0.47%
ENV	C	-0.47%
VSEC	D	-0.46%
CRDO	C	-0.46%
ASPN	C	-0.45%
AZEK	B	-0.45%
BROS	D	-0.45%
TBBK	C	-0.45%
STRL	C	-0.45%
GMED	D	-0.44%
KNSL	D	-0.44%
FN	C	-0.43%
TECH	B	-0.43%
TREX	D	-0.43%
HUBG	D	-0.42%
CRS	B	-0.42%
WAL	C	-0.42%
ASO	D	-0.41%
POWL	A	-0.41%
MEG	F	-0.41%
NEOG	D	-0.4%
MEDP	F	-0.4%
EVR	C	-0.4%
AZTA	F	-0.39%
AMRC	B	-0.39%
ITRI	C	-0.39%
WHD	B	-0.38%
BOOT	B	-0.38%
INTA	C	-0.38%
KMPR	D	-0.37%
TENB	F	-0.37%
ALSN	A	-0.37%
GLOB	D	-0.37%
ICLR	F	-0.37%
ESI	B	-0.36%
MGNI	D	-0.36%
BMI	A	-0.35%
MRUS	D	-0.35%
LNN	B	-0.35%
SKWD	B	-0.34%
HCI	C	-0.34%
MOG.A	B	-0.34%
KRNT	B	-0.34%
APPF	C	-0.34%
WULF	D	-0.34%
HSTM	B	-0.33%
RYTM	C	-0.33%
BLFS	D	-0.33%
WIX	D	-0.33%
OSCR	C	-0.32%
S	D	-0.32%
LRN	C	-0.32%
UEC	C	-0.32%
RNA	A	-0.31%
PSTG	F	-0.31%
SITM	B	-0.3%
NTNX	D	-0.3%
EME	C	-0.3%
PRO	F	-0.3%
VERX	B	-0.29%
ITCI	D	-0.29%
SDGR	F	-0.29%
ALTR	C	-0.29%
POWI	F	-0.29%
SLAB	D	-0.28%
BECN	F	-0.28%
MTH	B	-0.28%
LSCC	D	-0.28%
KRYS	D	-0.27%
CGNX	F	-0.27%
IRTC	F	-0.27%
LNTH	C	-0.27%
KFY	C	-0.27%
TOST	B	-0.27%
LASR	F	-0.27%
RBRK	F	-0.27%
CHEF	B	-0.27%
MAX	D	-0.26%
RXO	D	-0.26%
AMBA	C	-0.26%
ANF	D	-0.26%
FIVE	D	-0.26%
AIT	A	-0.25%
ALKT	D	-0.24%
ENVX	F	-0.24%
QNST	C	-0.23%
QLYS	F	-0.22%
ROAD	C	-0.22%
SAIA	D	-0.22%
FWRG	F	-0.22%
GNRC	B	-0.22%
UPST	C	-0.21%
RMBS	F	-0.21%
LAD	B	-0.2%
EWTX	B	-0.2%
ZETA	B	-0.19%
PI	B	-0.19%
DNUT	D	-0.17%
RXST	F	-0.17%
BRZE	F	-0.15%
PODD	C	-0.15%
CELH	F	-0.09%
CUBI	F	-0.07%
INSM	D	-0.06%
CSWI	B	-0.06%