VABS vs. SRS ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to ProShares UltraShort Real Estate (SRS)

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

$24.25

Average Daily Volume

2,624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.10

Average Daily Volume

14,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	SRS
30 Days	0.03%	8.68%
60 Days	-0.84%	10.93%
90 Days	0.50%	-4.83%
12 Months	6.45%	-30.08%

12 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in SRS	Overlap
CIM	D	0.82%	0.31%	0.31%
EPR	D	0.47%	0.44%	0.44%
EQC	A	1.49%	0.31%	0.31%
IVR	D	0.78%	0.19%	0.19%
LXP	D	0.17%	0.21%	0.17%
MFA	D	0.86%	0.28%	0.28%
NLY	C	0.03%	1.08%	0.03%
PEB	F	0.01%	0.26%	0.01%
RLJ	C	4.48%	0.23%	0.23%
SHO	D	0.17%	0.24%	0.17%
TWO	D	1.26%	0.32%	0.32%
VNO	B	0.01%	0.83%	0.01%

VABS Overweight 38 Positions Relative to SRS

Symbol	Grade	Weight
BW	C	2.27%
EFC	D	1.89%
BFS	C	1.53%
DRH	B	1.35%
PBI	C	1.34%
ARR	C	1.25%
GNL	D	0.94%
F	C	0.87%
DBRG	D	0.62%
ET	A	0.55%
MITT	D	0.45%
CTO	B	0.29%
PSEC	F	0.23%
TDS	B	0.23%
PMT	D	0.21%
AHH	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	C	0.11%
ABR	C	0.1%
ALLY	C	0.1%
FTAI	A	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	A	0.04%
CIO	F	0.03%
SNV	A	0.02%
DX	A	0.02%
CODI	A	0.02%
CNO	A	0.01%
BOH	A	0.01%
SF	A	0.01%
EQH	B	0.01%
COF	A	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	C	0.01%

VABS Underweight 75 Positions Relative to SRS

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	D	-4.64%
EQIX	B	-3.91%
SPG	A	-3.53%
WELL	A	-2.73%
PSA	C	-2.58%
AVB	A	-2.35%
EQR	C	-2.24%
SBAC	D	-2.21%
DLR	A	-2.02%
O	D	-1.94%
CSGP	F	-1.85%
WY	D	-1.8%
VTR	C	-1.71%
ESS	A	-1.59%
CBRE	B	-1.59%
BXP	D	-1.56%
ARE	D	-1.46%
DOC	D	-1.4%
INVH	D	-1.28%
MAA	A	-1.19%
EXR	C	-1.13%
WPC	D	-1.12%
SUI	D	-1.12%
UDR	C	-1.08%
HST	D	-1.0%
ELS	B	-1.0%
MPW	F	-0.9%
CPT	D	-0.83%
REG	A	-0.82%
AGNC	C	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	D	-0.72%
FRT	B	-0.71%
IRM	D	-0.7%
JLL	C	-0.69%
KIM	A	-0.67%
KRC	C	-0.63%
LAMR	D	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
STWD	D	-0.56%
AMH	C	-0.54%
DEI	B	-0.54%
COLD	F	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	C	-0.47%
PK	C	-0.46%
HPP	F	-0.45%
HHH	B	-0.42%
FR	D	-0.42%
EGP	D	-0.41%
HIW	D	-0.41%
REXR	F	-0.41%
BXMT	D	-0.39%
RHP	B	-0.37%
JBGS	D	-0.37%
HR	C	-0.36%
SBRA	C	-0.33%
OUT	A	-0.32%
RYN	D	-0.32%
SVC	F	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
APLE	B	-0.26%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	D	-0.22%
PGRE	C	-0.22%
MAC	A	-0.22%
XHR	B	-0.18%