FRI vs. FDFF ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to Fidelity Disruptive Finance ETF (FDFF)

FRI

First Trust S&P REIT Index Fund

FRI Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.53

Average Daily Volume

81,591

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.24

Average Daily Volume

2,380

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	FDFF
30 Days	0.21%	9.01%
60 Days	-0.40%	14.00%
90 Days	2.32%	16.82%
12 Months	26.65%	43.70%

1 Overlapping Holdings

	Symbol	Grade	Weight in FRI	Weight in FDFF	Overlap
	AMH	C	0.99%	0.9%	0.9%

FRI Overweight 127 Positions Relative to FDFF

Symbol	Grade	Weight
PLD	F	8.93%
EQIX	A	7.17%
WELL	A	6.54%
DLR	B	4.61%
SPG	A	4.6%
PSA	C	4.39%
O	C	4.11%
EXR	C	2.91%
IRM	C	2.79%
VICI	C	2.76%
AVB	B	2.72%
VTR	B	2.21%
EQR	C	2.1%
ESS	B	1.63%
INVH	D	1.61%
MAA	B	1.55%
ARE	F	1.42%
KIM	A	1.4%
DOC	C	1.26%
SUI	C	1.22%
GLPI	C	1.12%
UDR	B	1.12%
ELS	C	1.12%
CPT	B	1.08%
HST	C	1.03%
WPC	C	1.01%
REG	A	1.01%
BXP	C	0.97%
LAMR	C	0.94%
CUBE	C	0.91%
OHI	C	0.86%
REXR	F	0.77%
BRX	A	0.73%
FRT	B	0.72%
EGP	D	0.7%
NNN	C	0.65%
ADC	A	0.64%
VNO	C	0.58%
FR	D	0.58%
RHP	B	0.57%
STAG	D	0.55%
KRG	B	0.5%
TRNO	F	0.5%
COLD	D	0.48%
EPRT	B	0.48%
CTRE	C	0.42%
SLG	B	0.41%
PECO	A	0.4%
CUZ	B	0.39%
IRT	A	0.39%
SBRA	C	0.36%
MAC	B	0.35%
KRC	B	0.35%
SKT	A	0.33%
APLE	B	0.29%
EPR	C	0.28%
NHI	D	0.28%
HIW	C	0.28%
CDP	C	0.28%
BNL	D	0.27%
PK	C	0.26%
DEI	B	0.26%
IIPR	D	0.25%
NSA	C	0.25%
LXP	D	0.23%
UE	B	0.23%
MPW	F	0.22%
OUT	A	0.22%
AKR	B	0.22%
FCPT	C	0.22%
ROIC	A	0.19%
IVT	A	0.19%
EQC	B	0.18%
SHO	D	0.17%
DRH	B	0.16%
LTC	B	0.14%
XHR	B	0.13%
GTY	A	0.13%
ALEX	B	0.12%
ESRT	C	0.12%
GNL	F	0.12%
ELME	D	0.12%
VRE	B	0.12%
PEB	D	0.12%
RLJ	C	0.12%
AAT	B	0.11%
JBGS	F	0.11%
UNIT	B	0.11%
UMH	B	0.11%
PDM	D	0.1%
NTST	C	0.1%
DEA	D	0.1%
AIV	C	0.09%
CSR	B	0.09%
BDN	C	0.08%
PGRE	F	0.08%
NXRT	B	0.08%
INN	D	0.06%
GOOD	B	0.06%
PLYM	F	0.06%
AHH	D	0.06%
HPP	F	0.05%
WSR	A	0.05%
OLP	B	0.04%
CLDT	B	0.04%
ALX	D	0.04%
SVC	F	0.04%
CHCT	C	0.04%
PKST	F	0.04%
BFS	C	0.04%
FPI	B	0.04%
UHT	D	0.04%
GMRE	F	0.04%
DHC	F	0.04%
PSTL	D	0.03%
CBL	B	0.03%
CTO	B	0.03%
LAND	F	0.03%
CIO	C	0.02%
NXDT	F	0.02%
PINE	C	0.02%
BHR	C	0.02%
BRT	A	0.02%
ILPT	F	0.02%
OPI	F	0.01%
MDV	D	0.01%
FSP	B	0.01%

FRI Underweight 32 Positions Relative to FDFF

Symbol	Grade	Weight
BLK	B	-5.78%
APO	B	-5.71%
V	A	-5.36%
MA	B	-5.06%
COF	C	-5.03%
FLYW	B	-4.39%
MSTR	B	-3.84%
EFX	F	-3.33%
ICE	C	-2.9%
TOST	B	-2.83%
SQ	A	-2.07%
OWL	A	-2.06%
DLO	C	-2.0%
COIN	C	-2.0%
FI	A	-1.83%
TW	A	-1.48%
CBOE	C	-1.47%
NRDS	C	-1.38%
ARES	A	-1.34%
MKTX	D	-1.16%
CASH	B	-1.15%
VRSK	A	-1.1%
NU	C	-1.09%
MSCI	C	-1.06%
BILL	A	-1.03%
VIRT	A	-0.99%
PFSI	C	-0.96%
FOUR	A	-0.89%
ALLY	C	-0.85%
MELI	C	-0.81%
RPAY	D	-0.68%
UWMC	D	-0.59%