FRI vs. REIT ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to ALPS Active REIT ETF (REIT)

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

$29.26

Average Daily Volume

81,729

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

11,645

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	REIT
30 Days	-1.75%	-1.50%
60 Days	-0.74%	-0.76%
90 Days	4.18%	3.71%
12 Months	26.05%	24.86%

27 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in REIT	Overlap
ADC	A	0.64%	1.49%	0.64%
AVB	B	2.72%	3.05%	2.72%
COLD	F	0.48%	1.69%	0.48%
CUZ	B	0.39%	3.05%	0.39%
DLR	A	4.61%	3.39%	3.39%
DOC	D	1.26%	3.99%	1.26%
ELS	B	1.12%	2.54%	1.12%
EPRT	A	0.48%	2.65%	0.48%
EQIX	A	7.17%	9.08%	7.17%
EQR	C	2.1%	3.45%	2.1%
EXR	C	2.91%	3.82%	2.91%
FR	C	0.58%	4.0%	0.58%
HST	D	1.03%	3.03%	1.03%
INVH	D	1.61%	3.86%	1.61%
IRM	C	2.79%	2.01%	2.01%
IVT	A	0.19%	2.21%	0.19%
KRC	C	0.35%	2.33%	0.35%
LXP	D	0.23%	1.77%	0.23%
MAC	A	0.35%	2.65%	0.35%
O	C	4.11%	3.63%	3.63%
PLD	D	8.93%	5.57%	5.57%
PSA	C	4.39%	4.82%	4.39%
SBRA	B	0.36%	2.77%	0.36%
SPG	A	4.6%	4.49%	4.49%
UDR	C	1.12%	3.12%	1.12%
VICI	C	2.76%	4.76%	2.76%
WELL	A	6.54%	5.01%	5.01%

FRI Overweight 101 Positions Relative to REIT

Symbol	Grade	Weight
VTR	B	2.21%
ESS	A	1.63%
MAA	A	1.55%
ARE	F	1.42%
KIM	A	1.4%
SUI	C	1.22%
GLPI	C	1.12%
CPT	C	1.08%
WPC	C	1.01%
REG	A	1.01%
AMH	C	0.99%
BXP	D	0.97%
LAMR	D	0.94%
CUBE	C	0.91%
OHI	B	0.86%
REXR	F	0.77%
BRX	A	0.73%
FRT	B	0.72%
EGP	D	0.7%
NNN	C	0.65%
VNO	C	0.58%
RHP	B	0.57%
STAG	D	0.55%
KRG	A	0.5%
TRNO	D	0.5%
CTRE	C	0.42%
SLG	B	0.41%
PECO	A	0.4%
IRT	A	0.39%
SKT	A	0.33%
APLE	B	0.29%
EPR	D	0.28%
NHI	D	0.28%
HIW	D	0.28%
CDP	C	0.28%
BNL	D	0.27%
PK	D	0.26%
DEI	B	0.26%
IIPR	F	0.25%
NSA	C	0.25%
UE	A	0.23%
MPW	F	0.22%
OUT	A	0.22%
AKR	A	0.22%
FCPT	C	0.22%
ROIC	A	0.19%
EQC	A	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	D	0.12%
ELME	D	0.12%
VRE	A	0.12%
PEB	F	0.12%
RLJ	C	0.12%
AAT	A	0.11%
JBGS	F	0.11%
UNIT	B	0.11%
UMH	A	0.11%
PDM	D	0.1%
NTST	D	0.1%
DEA	D	0.1%
AIV	C	0.09%
CSR	A	0.09%
BDN	C	0.08%
PGRE	D	0.08%
NXRT	A	0.08%
INN	D	0.06%
GOOD	A	0.06%
PLYM	F	0.06%
AHH	D	0.06%
HPP	F	0.05%
WSR	A	0.05%
OLP	A	0.04%
CLDT	C	0.04%
ALX	D	0.04%
SVC	F	0.04%
CHCT	C	0.04%
PKST	F	0.04%
BFS	C	0.04%
FPI	A	0.04%
UHT	D	0.04%
GMRE	F	0.04%
DHC	F	0.04%
PSTL	D	0.03%
CBL	A	0.03%
CTO	B	0.03%
LAND	F	0.03%
CIO	F	0.02%
NXDT	F	0.02%
PINE	D	0.02%
BHR	C	0.02%
BRT	A	0.02%
ILPT	D	0.02%
OPI	F	0.01%
MDV	D	0.01%
FSP	C	0.01%

FRI Underweight 1 Positions Relative to REIT

	Symbol	Grade	Weight
	AMT	D	-0.99%