FPRO vs. REET ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to iShares Global REIT ETF (REET)

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

REET

iShares Global REIT ETF

REET Description

The investment seeks to track the investment results of the FTSE EPRA/NAREIT Global REIT Index. The index is designed to track the performance of publicly-listed real estate investment trusts ("REITs") (or their local equivalents) in both developed and emerging markets. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index. The fund seeks to track the investment results of the index before the fees and expenses of the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.84

Average Daily Volume

672,816

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	REET
30 Days	-0.38%	-1.22%
60 Days	-2.17%	-3.68%
90 Days	1.66%	0.44%
12 Months	21.86%	21.53%

32 Overlapping Holdings

Symbol	Grade	Weight in FPRO	Weight in REET	Overlap
AKR	B	0.24%	0.16%	0.16%
AMH	D	2.09%	0.78%	0.78%
COLD	D	2.21%	0.39%	0.39%
CPT	B	1.08%	0.77%	0.77%
CUBE	D	3.33%	0.67%	0.67%
DLR	B	3.31%	3.7%	3.31%
DRH	B	0.02%	0.11%	0.02%
ELME	D	0.42%	0.08%	0.08%
ELS	C	0.4%	0.8%	0.4%
EQIX	A	7.21%	5.36%	5.36%
EQR	B	2.75%	1.72%	1.72%
EXR	D	1.92%	2.12%	1.92%
FCPT	C	0.84%	0.16%	0.16%
INVH	D	1.57%	1.27%	1.27%
IVT	B	0.09%	0.13%	0.09%
KIM	A	3.9%	1.01%	1.01%
MAA	B	2.02%	1.12%	1.12%
MAC	B	0.34%	0.26%	0.26%
NNN	D	3.78%	0.48%	0.48%
PECO	A	0.77%	0.29%	0.29%
PLD	D	10.01%	6.51%	6.51%
PSA	D	5.89%	3.24%	3.24%
REG	B	0.92%	0.83%	0.83%
RHP	B	0.45%	0.4%	0.4%
SKT	B	0.68%	0.24%	0.24%
STAG	F	1.07%	0.4%	0.4%
SUI	D	2.69%	0.96%	0.96%
TRNO	F	0.73%	0.35%	0.35%
UDR	B	3.51%	0.89%	0.89%
UE	C	1.36%	0.18%	0.18%
VTR	C	5.69%	1.59%	1.59%
WELL	A	5.23%	5.1%	5.1%

FPRO Overweight 8 Positions Relative to REET

Symbol	Grade	Weight
AMT	D	9.56%
CBRE	B	4.11%
CCI	D	2.18%
CSGP	D	1.36%
LAMR	D	1.29%
SBAC	D	1.17%
WY	D	0.64%
COMP	B	0.55%

FPRO Underweight 74 Positions Relative to REET

Symbol	Grade	Weight
SPG	B	-3.59%
O	D	-3.05%
IRM	D	-2.08%
VICI	C	-2.06%
AVB	B	-1.99%
ESS	B	-1.18%
ARE	D	-1.11%
DOC	D	-0.92%
GLPI	C	-0.8%
BXP	D	-0.76%
WPC	D	-0.75%
HST	C	-0.74%
OHI	C	-0.61%
REXR	F	-0.57%
FRT	B	-0.57%
BRX	A	-0.54%
EGP	F	-0.52%
ADC	B	-0.47%
VNO	B	-0.44%
FR	C	-0.43%
HR	C	-0.41%
EPRT	B	-0.36%
KRG	B	-0.36%
SLG	B	-0.31%
CTRE	D	-0.3%
CUZ	B	-0.29%
IRT	A	-0.29%
KRC	C	-0.28%
SBRA	C	-0.26%
LINE	F	-0.24%
CDP	C	-0.21%
APLE	B	-0.21%
NHI	D	-0.2%
HIW	D	-0.2%
EPR	D	-0.2%
BNL	D	-0.19%
DEI	B	-0.18%
PK	B	-0.18%
IIPR	D	-0.18%
NSA	D	-0.18%
CURB	D	-0.16%
MPW	F	-0.16%
LXP	D	-0.16%
AHR	A	-0.14%
ROIC	A	-0.13%
SHO	C	-0.12%
GTY	B	-0.1%
LTC	B	-0.1%
ALEX	C	-0.09%
VRE	B	-0.09%
ESRT	C	-0.09%
RLJ	C	-0.09%
SILA	C	-0.09%
PEB	D	-0.09%
GNL	F	-0.09%
XHR	B	-0.09%
NTST	D	-0.08%
JBGS	D	-0.08%
AIV	C	-0.08%
UMH	C	-0.08%
AAT	B	-0.08%
CSR	B	-0.07%
PDM	D	-0.07%
DEA	D	-0.07%
NXRT	B	-0.06%
SAFE	D	-0.06%
AHH	D	-0.05%
SITC	D	-0.05%
PGRE	F	-0.05%
BDN	C	-0.05%
INN	D	-0.04%
SVC	F	-0.03%
HPP	F	-0.03%
SAR	A	-0.0%