VABS vs. FPRO ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to Fidelity Real Estate Investment ETF (FPRO)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.24

Average Daily Volume

2,613

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

$23.26

Average Daily Volume

5,908

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	FPRO
30 Days	0.01%	-2.70%
60 Days	-0.76%	-5.70%
90 Days	0.50%	1.73%
12 Months	6.68%	19.19%

1 Overlapping Holdings

	Symbol	Grade	Weight in VABS	Weight in FPRO	Overlap
	DRH	C	1.35%	0.02%	0.02%

VABS Overweight 49 Positions Relative to FPRO

Symbol	Grade	Weight
RLJ	C	4.48%
BW	C	2.27%
EFC	C	1.89%
BFS	C	1.53%
EQC	C	1.49%
PBI	C	1.34%
TWO	F	1.26%
ARR	C	1.25%
GNL	F	0.94%
F	C	0.87%
MFA	D	0.86%
CIM	D	0.82%
IVR	D	0.78%
DBRG	F	0.62%
ET	A	0.55%
EPR	D	0.47%
MITT	D	0.45%
CTO	B	0.29%
PSEC	F	0.23%
TDS	C	0.23%
PMT	D	0.21%
AHH	D	0.17%
SHO	D	0.17%
LXP	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	C	0.11%
ABR	B	0.1%
ALLY	C	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
CIO	F	0.03%
NLY	C	0.03%
SNV	B	0.02%
DX	B	0.02%
CODI	B	0.02%
PEB	F	0.01%
CNO	B	0.01%
VNO	C	0.01%
BOH	B	0.01%
SF	A	0.01%
EQH	B	0.01%
COF	B	0.01%
IFF	F	0.01%
JPM	A	0.01%
NEE	D	0.01%

VABS Underweight 39 Positions Relative to FPRO

Symbol	Grade	Weight
PLD	D	-10.01%
AMT	F	-9.56%
EQIX	B	-7.21%
PSA	D	-5.89%
VTR	C	-5.69%
WELL	B	-5.23%
CBRE	B	-4.11%
KIM	A	-3.9%
NNN	F	-3.78%
UDR	C	-3.51%
CUBE	D	-3.33%
DLR	C	-3.31%
EQR	C	-2.75%
SUI	F	-2.69%
COLD	F	-2.21%
CCI	F	-2.18%
AMH	C	-2.09%
MAA	C	-2.02%
EXR	D	-1.92%
INVH	D	-1.57%
CSGP	F	-1.36%
UE	B	-1.36%
LAMR	D	-1.29%
SBAC	D	-1.17%
CPT	C	-1.08%
STAG	D	-1.07%
REG	A	-0.92%
FCPT	C	-0.84%
PECO	B	-0.77%
TRNO	F	-0.73%
SKT	A	-0.68%
WY	F	-0.64%
COMP	B	-0.55%
RHP	B	-0.45%
ELME	D	-0.42%
ELS	B	-0.4%
MAC	B	-0.34%
AKR	B	-0.24%
IVT	B	-0.09%