FPRO vs. SAEF ETF Comparison

Comparison of Fidelity Real Estate Investment ETF (FPRO) to Schwab Ariel ESG ETF (SAEF)

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

$24.00

Average Daily Volume

4,474

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SAEF

Schwab Ariel ESG ETF

SAEF Description

Schwab Ariel ESG ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. The fund is co-managed by Ariel Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of diverse market cap companies, within the market capitalization range of the Russell 2500 Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Schwab Ariel ESG ETF was formed on November 16, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.21

Average Daily Volume

3,726

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPRO	SAEF
30 Days	1.27%	0.29%
60 Days	7.07%	7.37%
90 Days	15.66%	10.73%
12 Months	34.36%	32.60%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPRO	Weight in SAEF	Overlap
	CBRE	A	3.97%	1.77%	1.77%

FPRO Overweight 36 Positions Relative to SAEF

Symbol	Grade	Weight
PLD	D	11.02%
AMT	C	8.86%
EQIX	B	6.69%
VTR	C	5.67%
PSA	C	5.38%
KIM	C	3.83%
NNN	A	3.61%
DLR	C	3.56%
CUBE	C	3.46%
UDR	C	3.16%
SUI	D	3.09%
MAA	C	2.77%
WELL	C	2.71%
CCI	C	2.71%
EQR	C	2.54%
IRM	A	2.04%
AMH	D	1.92%
EXR	C	1.8%
COLD	D	1.53%
CSGP	F	1.52%
INVH	D	1.36%
UE	C	1.36%
SBAC	B	1.35%
LAMR	C	1.3%
STAG	D	1.03%
REG	C	1.02%
DRH	C	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%
COMP	C	0.59%
RHP	C	0.53%
ELS	D	0.42%

FPRO Underweight 55 Positions Relative to SAEF

Symbol	Grade	Weight
OSW	C	-4.31%
BCO	C	-3.61%
LIND	D	-3.51%
NCLH	C	-3.48%
NVT	D	-3.04%
KKR	A	-2.85%
GS	C	-2.5%
ZBRA	A	-2.43%
REZI	D	-2.32%
FICO	A	-2.29%
GNRC	B	-2.24%
PBH	D	-2.18%
NTRS	C	-2.17%
FAF	B	-2.05%
GNTX	D	-1.97%
CRL	F	-1.93%
JLL	B	-1.93%
MTB	C	-1.83%
LFUS	C	-1.69%
MSI	A	-1.64%
KN	C	-1.63%
KMT	C	-1.61%
KEYS	B	-1.59%
MAT	D	-1.57%
ATGE	D	-1.56%
AXTA	C	-1.48%
ADTN	B	-1.45%
ZBH	F	-1.41%
ST	F	-1.41%
MANU	F	-1.39%
MSGS	A	-1.27%
AFL	A	-1.27%
IPG	C	-1.25%
DNB	D	-1.2%
SNA	A	-1.2%
SSD	B	-1.19%
MAS	A	-1.15%
BRC	C	-1.11%
BWA	B	-1.08%
MIDD	D	-1.06%
KMX	F	-1.04%
PGR	C	-0.99%
PDCO	F	-0.99%
MSGE	A	-0.97%
KFY	C	-0.96%
HCKT	C	-0.94%
LESL	F	-0.94%
BIO	B	-0.93%
REYN	D	-0.91%
MHK	B	-0.83%
SJM	C	-0.75%
SRCL	B	-0.75%
PARA	F	-0.61%
NVST	D	-0.53%
PHIN	C	-0.26%