FPRO vs. NSCS ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to Nuveen Small Cap Select ETF (NSCS)

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 ^*

* may have additional holdings in another (foreign) market

NSCS

Nuveen Small Cap Select ETF

NSCS Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in exchange-traded common stocks of small-capitalization companies. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers listed on a foreign exchange that trade on such exchange contemporaneously with the shares of the fund. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$30.81

Average Daily Volume

138

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	NSCS
30 Days	-0.38%	11.34%
60 Days	-2.17%	11.01%
90 Days	1.66%	11.34%
12 Months	21.86%	38.43%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPRO	Weight in NSCS	Overlap
	STAG	F	1.07%	1.23%	1.07%

FPRO Overweight 39 Positions Relative to NSCS

Symbol	Grade	Weight
PLD	D	10.01%
AMT	D	9.56%
EQIX	A	7.21%
PSA	D	5.89%
VTR	C	5.69%
WELL	A	5.23%
CBRE	B	4.11%
KIM	A	3.9%
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%
REG	B	0.92%
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 74 Positions Relative to NSCS

Symbol	Grade	Weight
WTFC	A	-2.5%
EVR	B	-2.27%
PIPR	B	-2.11%
MGNI	A	-1.9%
BANR	B	-1.87%
SSB	B	-1.87%
NOG	A	-1.84%
AIT	A	-1.75%
ESE	B	-1.66%
LITE	B	-1.58%
HQY	B	-1.57%
SUM	B	-1.56%
KTOS	B	-1.56%
MMSI	B	-1.55%
GDYN	B	-1.54%
WK	B	-1.5%
CMC	B	-1.49%
FIBK	A	-1.48%
EHC	B	-1.42%
ACA	A	-1.41%
FLR	B	-1.4%
NPO	A	-1.39%
BYD	C	-1.39%
HOMB	A	-1.39%
QTWO	A	-1.38%
AVNT	B	-1.38%
ITRI	B	-1.38%
AVAV	D	-1.37%
RDNT	B	-1.34%
MMS	F	-1.33%
RBRK	A	-1.32%
BKH	A	-1.28%
SHOO	D	-1.28%
TPH	D	-1.27%
SHAK	C	-1.27%
SIG	B	-1.25%
PFBC	B	-1.25%
MTDR	B	-1.24%
EGP	F	-1.23%
GKOS	B	-1.17%
PAR	B	-1.16%
ARCB	C	-1.16%
TROX	D	-1.1%
BRBR	A	-1.09%
KEX	C	-1.05%
EVRI	A	-1.05%
ZD	C	-1.04%
ICHR	C	-1.02%
ONTO	D	-0.95%
PRI	A	-0.9%
LADR	B	-0.9%
CVLT	B	-0.85%
VBTX	B	-0.85%
SLAB	D	-0.84%
BOOT	D	-0.83%
SR	A	-0.82%
ESTA	D	-0.77%
SIBN	F	-0.76%
HALO	F	-0.76%
FROG	C	-0.74%
CRNX	C	-0.72%
INN	D	-0.67%
KRYS	B	-0.67%
INSM	C	-0.63%
ACHC	F	-0.61%
VTLE	C	-0.61%
OPCH	D	-0.54%
PCVX	D	-0.54%
TTMI	B	-0.53%
MDGL	B	-0.52%
ATEC	C	-0.5%
TCMD	A	-0.48%
IMVT	F	-0.43%
BPMC	C	-0.32%