NBGR vs. FPRO ETF Comparison

Comparison of Neuberger Berman Global Real Estate ETF (NBGR) to Fidelity Real Estate Investment ETF (FPRO)

NBGR

Neuberger Berman Global Real Estate ETF

NBGR Description

The fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. It defines a real estate company as one that derives at least 50% of its revenue or profits from real estate or has at least 50% of its assets invested in real estate.

Grade (RS Rating)

Last Trade

$27.98

Average Daily Volume

1,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.90

Average Daily Volume

5,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBGR	FPRO
30 Days	-3.53%	-0.38%
60 Days	-6.63%	-2.17%
90 Days	-3.30%	1.66%
12 Months	14.72%	21.86%

19 Overlapping Holdings

Symbol	Grade	Weight in NBGR	Weight in FPRO	Overlap
AMH	D	0.87%	2.09%	0.87%
AMT	D	4.44%	9.56%	4.44%
CCI	D	1.25%	2.18%	1.25%
CPT	B	1.23%	1.08%	1.08%
DLR	B	1.47%	3.31%	1.47%
ELS	C	1.09%	0.4%	0.4%
EQIX	A	5.17%	7.21%	5.17%
EXR	D	1.5%	1.92%	1.5%
INVH	D	1.73%	1.57%	1.57%
KIM	A	1.49%	3.9%	1.49%
MAC	B	1.02%	0.34%	0.34%
PLD	D	5.36%	10.01%	5.36%
PSA	D	2.92%	5.89%	2.92%
SBAC	D	1.69%	1.17%	1.17%
SUI	D	2.49%	2.69%	2.49%
UDR	B	1.56%	3.51%	1.56%
VTR	C	2.28%	5.69%	2.28%
WELL	A	3.25%	5.23%	3.25%
WY	D	1.29%	0.64%	0.64%

NBGR Overweight 14 Positions Relative to FPRO

Symbol	Grade	Weight
AVB	B	3.27%
IRM	D	3.1%
SPG	B	3.09%
O	D	1.49%
EPRT	B	1.34%
GLPI	C	1.19%
KRC	C	1.16%
VICI	C	1.16%
FRT	B	1.11%
OHI	C	1.11%
REXR	F	0.89%
BXP	D	0.78%
HPP	F	0.62%
ROIC	A	0.54%

NBGR Underweight 21 Positions Relative to FPRO

Symbol	Grade	Weight
CBRE	B	-4.11%
NNN	D	-3.78%
CUBE	D	-3.33%
EQR	B	-2.75%
COLD	D	-2.21%
MAA	B	-2.02%
CSGP	D	-1.36%
UE	C	-1.36%
LAMR	D	-1.29%
STAG	F	-1.07%
REG	B	-0.92%
FCPT	C	-0.84%
PECO	A	-0.77%
TRNO	F	-0.73%
SKT	B	-0.68%
COMP	B	-0.55%
RHP	B	-0.45%
ELME	D	-0.42%
AKR	B	-0.24%
IVT	B	-0.09%
DRH	B	-0.02%