FRI vs. ROOF ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to IQ US Real Estate Small Cap ETF (ROOF)

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

$29.75

Average Daily Volume

67,042

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

ROOF

IQ US Real Estate Small Cap ETF

ROOF Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ U.S. Real Estate Small Cap Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"), the parent company of IndexIQ Advisors LLC, the fund's investment advisor (the "Advisor"). The underlying index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.36

Average Daily Volume

19,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRI	ROOF
30 Days	6.24%	6.28%
60 Days	9.90%	10.24%
90 Days	16.26%	18.57%
12 Months	25.14%	21.96%

42 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in ROOF	Overlap
AIV	B	0.1%	0.16%	0.1%
AMH	C	1.07%	1.24%	1.07%
ARE	B	1.57%	1.75%	1.57%
AVB	B	2.7%	2.68%	2.68%
CHCT	F	0.03%	0.07%	0.03%
COLD	D	0.63%	1.71%	0.63%
CPT	B	1.07%	1.1%	1.07%
CSR	B	0.09%	0.14%	0.09%
CTRE	B	0.36%	0.41%	0.36%
DHC	B	0.06%	0.13%	0.06%
DLR	B	4.27%	4.18%	4.18%
DOC	C	1.29%	1.32%	1.29%
EGP	B	0.73%	1.84%	0.73%
ELS	C	1.15%	1.18%	1.15%
EQIX	B	6.76%	4.43%	4.43%
EQR	B	2.19%	2.4%	2.19%
ESS	B	1.63%	1.64%	1.63%
FR	C	0.6%	1.55%	0.6%
GMRE	C	0.05%	0.1%	0.05%
IIPR	B	0.29%	0.81%	0.29%
ILPT	C	0.02%	0.13%	0.02%
INVH	C	1.71%	1.82%	1.71%
IRT	B	0.38%	0.43%	0.38%
LTC	B	0.13%	0.18%	0.13%
LXP	B	0.24%	0.68%	0.24%
MAA	B	1.57%	1.59%	1.57%
MPW	C	0.28%	0.32%	0.28%
NHI	A	0.32%	0.35%	0.32%
NXRT	B	0.09%	0.15%	0.09%
PLD	C	9.89%	5.01%	5.01%
PLYM	D	0.07%	0.31%	0.07%
REXR	C	0.88%	2.21%	0.88%
SBRA	B	0.35%	0.4%	0.35%
STAG	C	0.59%	1.5%	0.59%
SUI	B	1.48%	1.5%	1.48%
TRNO	C	0.54%	1.41%	0.54%
UDR	B	1.16%	1.28%	1.16%
UHT	B	0.05%	0.06%	0.05%
UMH	C	0.11%	0.18%	0.11%
UNIT	C	0.1%	4.75%	0.1%
VTR	C	2.16%	2.16%	2.16%
WELL	B	6.31%	4.86%	4.86%

FRI Overweight 82 Positions Relative to ROOF

Symbol	Grade	Weight
PSA	B	4.65%
O	B	4.45%
SPG	B	4.37%
EXR	B	3.08%
VICI	C	2.87%
IRM	B	2.8%
KIM	B	1.29%
GLPI	B	1.16%
WPC	B	1.12%
REG	C	1.0%
HST	D	0.99%
CUBE	B	0.99%
BXP	B	0.93%
OHI	A	0.82%
NNN	B	0.73%
FRT	C	0.71%
BRX	B	0.68%
ADC	C	0.62%
RHP	D	0.5%
KRG	B	0.48%
EPRT	A	0.47%
VNO	B	0.47%
PECO	B	0.38%
CUZ	B	0.36%
SLG	B	0.36%
KRC	B	0.31%
EPR	B	0.3%
MAC	B	0.29%
HIW	B	0.28%
BNL	B	0.28%
SKT	B	0.28%
NSA	B	0.27%
APLE	D	0.26%
PK	D	0.24%
DEI	B	0.22%
FCPT	A	0.22%
UE	B	0.21%
AKR	C	0.19%
EQC	B	0.18%
SHO	D	0.17%
ROIC	B	0.16%
IVT	B	0.16%
DRH	C	0.15%
GNL	B	0.14%
PEB	D	0.13%
GTY	B	0.13%
ALEX	B	0.12%
JBGS	B	0.12%
AAT	B	0.11%
XHR	C	0.11%
ESRT	B	0.11%
RLJ	D	0.11%
DEA	B	0.11%
PDM	B	0.1%
NTST	D	0.1%
AHH	B	0.07%
PGRE	C	0.07%
BDN	B	0.07%
INN	C	0.06%
SVC	F	0.06%
HPP	D	0.05%
WSR	D	0.05%
GOOD	B	0.05%
CBL	D	0.05%
OLP	B	0.04%
FPI	D	0.04%
LAND	C	0.04%
PKST	C	0.04%
ALX	B	0.04%
BFS	C	0.04%
PSTL	B	0.03%
CTO	C	0.03%
CLDT	D	0.03%
NXDT	C	0.02%
BRT	B	0.02%
PINE	C	0.02%
CIO	B	0.02%
CLPR	B	0.01%
OPI	F	0.01%
FSP	D	0.01%
BHR	D	0.01%
AHT	F	0.0%

FRI Underweight 3 Positions Relative to ROOF

Symbol	Grade	Weight
AMT	C	-5.13%
SBAC	C	-4.77%
CCI	B	-4.7%