VABS vs. FRI ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to First Trust S&P REIT Index Fund (FRI)

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

$24.17

Average Daily Volume

2,387

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$29.49

Average Daily Volume

77,936

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

Performance

Period	VABS	FRI
30 Days	0.28%	-0.27%
60 Days	0.04%	-1.21%
90 Days	0.27%	2.77%
12 Months	6.93%	27.21%

16 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in FRI	Overlap
AHH	D	0.17%	0.06%	0.06%
BFS	C	1.53%	0.04%	0.04%
BHR	B	0.15%	0.02%	0.02%
CIO	D	0.03%	0.02%	0.02%
CTO	B	0.29%	0.03%	0.03%
DRH	B	1.35%	0.16%	0.16%
EPR	D	0.47%	0.28%	0.28%
EQC	B	1.49%	0.18%	0.18%
GNL	F	0.94%	0.12%	0.12%
INN	D	0.16%	0.06%	0.06%
LXP	D	0.17%	0.23%	0.17%
PEB	D	0.01%	0.12%	0.01%
RLJ	B	4.48%	0.12%	0.12%
SHO	C	0.17%	0.17%	0.17%
UMH	C	0.11%	0.11%	0.11%
VNO	B	0.01%	0.58%	0.01%

VABS Overweight 34 Positions Relative to FRI

Symbol	Grade	Weight
BW	D	2.27%
EFC	C	1.89%
PBI	B	1.34%
TWO	D	1.26%
ARR	D	1.25%
F	C	0.87%
MFA	D	0.86%
CIM	D	0.82%
IVR	F	0.78%
DBRG	F	0.62%
ET	A	0.55%
MITT	D	0.45%
PSEC	D	0.23%
TDS	B	0.23%
PMT	D	0.21%
ATCOL	A	0.15%
ABR	C	0.1%
ALLY	C	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
NLY	C	0.03%
SNV	B	0.02%
DX	B	0.02%
CODI	B	0.02%
CNO	A	0.01%
BOH	B	0.01%
SF	B	0.01%
EQH	B	0.01%
COF	B	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	D	0.01%

VABS Underweight 112 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-8.93%
EQIX	A	-7.17%
WELL	A	-6.54%
DLR	B	-4.61%
SPG	B	-4.6%
PSA	D	-4.39%
O	D	-4.11%
EXR	D	-2.91%
IRM	D	-2.79%
VICI	C	-2.76%
AVB	B	-2.72%
VTR	C	-2.21%
EQR	B	-2.1%
ESS	B	-1.63%
INVH	D	-1.61%
MAA	B	-1.55%
ARE	D	-1.42%
KIM	A	-1.4%
DOC	D	-1.26%
SUI	D	-1.22%
GLPI	C	-1.12%
UDR	B	-1.12%
ELS	C	-1.12%
CPT	B	-1.08%
HST	C	-1.03%
WPC	D	-1.01%
REG	B	-1.01%
AMH	D	-0.99%
BXP	D	-0.97%
LAMR	D	-0.94%
CUBE	D	-0.91%
OHI	C	-0.86%
REXR	F	-0.77%
BRX	A	-0.73%
FRT	B	-0.72%
EGP	F	-0.7%
NNN	D	-0.65%
ADC	B	-0.64%
FR	D	-0.58%
RHP	B	-0.57%
STAG	F	-0.55%
KRG	B	-0.5%
TRNO	F	-0.5%
COLD	D	-0.48%
EPRT	B	-0.48%
CTRE	D	-0.42%
SLG	B	-0.41%
PECO	A	-0.4%
CUZ	B	-0.39%
IRT	A	-0.39%
SBRA	C	-0.36%
MAC	B	-0.35%
KRC	C	-0.35%
SKT	B	-0.33%
APLE	B	-0.29%
NHI	D	-0.28%
HIW	D	-0.28%
CDP	C	-0.28%
BNL	D	-0.27%
PK	B	-0.26%
DEI	B	-0.26%
IIPR	D	-0.25%
NSA	D	-0.25%
UE	C	-0.23%
MPW	F	-0.22%
OUT	A	-0.22%
AKR	B	-0.22%
FCPT	C	-0.22%
ROIC	A	-0.19%
IVT	B	-0.19%
LTC	B	-0.14%
XHR	B	-0.13%
GTY	B	-0.13%
ALEX	C	-0.12%
ESRT	C	-0.12%
ELME	D	-0.12%
VRE	B	-0.12%
AAT	B	-0.11%
JBGS	D	-0.11%
UNIT	B	-0.11%
PDM	D	-0.1%
NTST	D	-0.1%
DEA	D	-0.1%
AIV	C	-0.09%
CSR	B	-0.09%
BDN	C	-0.08%
PGRE	F	-0.08%
NXRT	B	-0.08%
GOOD	B	-0.06%
PLYM	F	-0.06%
HPP	F	-0.05%
WSR	A	-0.05%
OLP	B	-0.04%
CLDT	B	-0.04%
ALX	D	-0.04%
SVC	F	-0.04%
CHCT	C	-0.04%
PKST	D	-0.04%
FPI	B	-0.04%
UHT	D	-0.04%
GMRE	F	-0.04%
DHC	F	-0.04%
PSTL	D	-0.03%
CBL	A	-0.03%
LAND	F	-0.03%
NXDT	D	-0.02%
PINE	C	-0.02%
BRT	B	-0.02%
ILPT	D	-0.02%
OPI	F	-0.01%
MDV	D	-0.01%
FSP	C	-0.01%