FRI vs. USRT ETF Comparison

Comparison of First Trust S&P REIT Index Fund (FRI) to iShares Core U.S. REIT ETF (USRT)

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

USRT

iShares Core U.S. REIT ETF

USRT Description

The iShares Core U.S. REIT ETF seeks to track the investment results of an index composed of U.S. real estate equities.

Grade (RS Rating)

Last Trade

$60.79

Average Daily Volume

234,843

Number of Holdings ^*

132

* may have additional holdings in another (foreign) market

Performance

Period	FRI	USRT
30 Days	-1.75%	-1.68%
60 Days	-0.74%	-0.78%
90 Days	4.18%	4.46%
12 Months	26.05%	28.25%

123 Overlapping Holdings

Symbol	Grade	Weight in FRI	Weight in USRT	Overlap
AAT	A	0.11%	0.11%	0.11%
ADC	A	0.64%	0.62%	0.62%
AHH	D	0.06%	0.06%	0.06%
AIV	C	0.09%	0.1%	0.09%
AKR	A	0.22%	0.21%	0.21%
ALEX	B	0.12%	0.12%	0.12%
ALX	D	0.04%	0.04%	0.04%
AMH	C	0.99%	1.05%	0.99%
APLE	B	0.29%	0.29%	0.29%
ARE	F	1.42%	1.51%	1.42%
AVB	B	2.72%	2.69%	2.69%
BDN	C	0.08%	0.07%	0.07%
BFS	C	0.04%	0.03%	0.03%
BHR	C	0.02%	0.02%	0.02%
BNL	D	0.27%	0.27%	0.27%
BRT	A	0.02%	0.02%	0.02%
BRX	A	0.73%	0.72%	0.72%
BXP	D	0.97%	1.02%	0.97%
CBL	A	0.03%	0.05%	0.03%
CDP	C	0.28%	0.28%	0.28%
CHCT	C	0.04%	0.04%	0.04%
CIO	F	0.02%	0.02%	0.02%
CLDT	C	0.04%	0.04%	0.04%
COLD	F	0.48%	0.51%	0.48%
CPT	C	1.08%	1.03%	1.03%
CSR	A	0.09%	0.09%	0.09%
CTO	B	0.03%	0.04%	0.03%
CTRE	C	0.42%	0.39%	0.39%
CUBE	C	0.91%	0.9%	0.9%
CUZ	B	0.39%	0.38%	0.38%
DEA	D	0.1%	0.1%	0.1%
DEI	B	0.26%	0.21%	0.21%
DHC	F	0.04%	0.05%	0.04%
DLR	A	4.61%	4.8%	4.61%
DOC	D	1.26%	1.21%	1.21%
DRH	B	0.16%	0.15%	0.15%
EGP	D	0.7%	0.69%	0.69%
ELME	D	0.12%	0.12%	0.12%
ELS	B	1.12%	1.08%	1.08%
EPR	D	0.28%	0.27%	0.27%
EPRT	A	0.48%	0.47%	0.47%
EQIX	A	7.17%	7.05%	7.05%
EQR	C	2.1%	2.3%	2.1%
ESRT	C	0.12%	0.12%	0.12%
ESS	A	1.63%	1.6%	1.6%
EXR	C	2.91%	2.85%	2.85%
FCPT	C	0.22%	0.21%	0.21%
FPI	A	0.04%	0.04%	0.04%
FR	C	0.58%	0.57%	0.57%
FRT	B	0.72%	0.77%	0.72%
GLPI	C	1.12%	1.06%	1.06%
GMRE	F	0.04%	0.04%	0.04%
GNL	D	0.12%	0.12%	0.12%
GOOD	A	0.06%	0.06%	0.06%
GTY	A	0.13%	0.13%	0.13%
HIW	D	0.28%	0.27%	0.27%
HPP	F	0.05%	0.04%	0.04%
HST	D	1.03%	1.0%	1.0%
IIPR	F	0.25%	0.24%	0.24%
ILPT	D	0.02%	0.02%	0.02%
INN	D	0.06%	0.05%	0.05%
INVH	D	1.61%	1.71%	1.61%
IRM	C	2.79%	2.77%	2.77%
IRT	A	0.39%	0.39%	0.39%
IVT	A	0.19%	0.17%	0.17%
JBGS	F	0.11%	0.1%	0.1%
KIM	A	1.4%	1.36%	1.36%
KRC	C	0.35%	0.38%	0.35%
KRG	A	0.5%	0.48%	0.48%
LAMR	D	0.94%	0.91%	0.91%
LAND	F	0.03%	0.03%	0.03%
LTC	B	0.14%	0.14%	0.14%
LXP	D	0.23%	0.22%	0.22%
MAA	A	1.55%	1.52%	1.52%
MAC	A	0.35%	0.34%	0.34%
MPW	F	0.22%	0.21%	0.21%
NHI	D	0.28%	0.27%	0.27%
NNN	C	0.65%	0.63%	0.63%
NSA	C	0.25%	0.25%	0.25%
NTST	D	0.1%	0.1%	0.1%
NXDT	F	0.02%	0.02%	0.02%
NXRT	A	0.08%	0.09%	0.08%
O	C	4.11%	4.08%	4.08%
OHI	B	0.86%	0.82%	0.82%
OLP	A	0.04%	0.04%	0.04%
OUT	A	0.22%	0.22%	0.22%
PDM	D	0.1%	0.1%	0.1%
PEB	F	0.12%	0.12%	0.12%
PECO	A	0.4%	0.39%	0.39%
PGRE	D	0.08%	0.07%	0.07%
PINE	D	0.02%	0.02%	0.02%
PK	D	0.26%	0.25%	0.25%
PKST	F	0.04%	0.04%	0.04%
PLD	D	8.93%	8.68%	8.68%
PLYM	F	0.06%	0.06%	0.06%
PSA	C	4.39%	4.39%	4.39%
PSTL	D	0.03%	0.03%	0.03%
REG	A	1.01%	1.12%	1.01%
REXR	F	0.77%	0.75%	0.75%
RHP	B	0.57%	0.54%	0.54%
RLJ	C	0.12%	0.12%	0.12%
ROIC	A	0.19%	0.18%	0.18%
SBRA	B	0.36%	0.35%	0.35%
SHO	D	0.17%	0.17%	0.17%
SKT	A	0.33%	0.31%	0.31%
SLG	B	0.41%	0.41%	0.41%
SPG	A	4.6%	4.83%	4.6%
STAG	D	0.55%	0.54%	0.54%
SUI	C	1.22%	1.28%	1.22%
SVC	F	0.04%	0.04%	0.04%
TRNO	D	0.5%	0.48%	0.48%
UDR	C	1.12%	1.2%	1.12%
UE	A	0.23%	0.23%	0.23%
UHT	D	0.04%	0.04%	0.04%
UMH	A	0.11%	0.1%	0.1%
VICI	C	2.76%	2.73%	2.73%
VNO	C	0.58%	0.59%	0.58%
VRE	A	0.12%	0.12%	0.12%
VTR	B	2.21%	2.12%	2.12%
WELL	A	6.54%	6.79%	6.54%
WPC	C	1.01%	1.0%	1.0%
WSR	A	0.05%	0.06%	0.05%
XHR	B	0.13%	0.12%	0.12%

FRI Overweight 5 Positions Relative to USRT

Symbol	Grade	Weight
EQC	A	0.18%
UNIT	B	0.11%
OPI	F	0.01%
MDV	D	0.01%
FSP	C	0.01%

FRI Underweight 9 Positions Relative to USRT

Symbol	Grade	Weight
HR	C	-0.55%
LINE	F	-0.32%
CURB	D	-0.19%
AHR	A	-0.18%
SILA	C	-0.12%
SAFE	F	-0.09%
SITC	D	-0.06%
NLOP	B	-0.04%
ONL	D	-0.02%