BYRE vs. NETL ETF Comparison

Comparison of Principal Real Estate Active Opportunities ETF (BYRE) to NETLease Corporate Real Estate ETF (NETL)

BYRE

Principal Real Estate Active Opportunities ETF

BYRE Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. It invests primarily in equity securities of U.S. companies, including those of small companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.05

Average Daily Volume

1,035

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NETL

NETLease Corporate Real Estate ETF

NETL Description

The investment seeks to track the performance, before fees and expenses, of the Fundamental Income Net Lease Real Estate Index. The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.08

Average Daily Volume

14,112

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BYRE	NETL
30 Days	-3.64%	0.45%
60 Days	-5.38%	1.91%
90 Days	-3.49%	-0.49%
12 Months	0.41%	-0.29%

2 Overlapping Holdings

	Symbol	Grade	Weight in BYRE	Weight in NETL	Overlap
	GLPI	F	4.32%	3.32%	3.32%
	VICI	C	4.32%	7.53%	4.32%

BYRE Overweight 19 Positions Relative to NETL

Symbol	Grade	Weight
VTR	A	7.71%
INVH	B	7.19%
EXR	C	6.9%
AMT	D	6.42%
REXR	D	5.45%
SUI	F	5.04%
EQIX	F	5.04%
AMH	B	5.03%
WELL	A	4.96%
TRNO	F	4.44%
SBRA	B	4.16%
SBAC	F	4.09%
DLR	C	4.01%
COLD	F	3.88%
NHI	A	3.61%
ARE	C	3.24%
CCI	D	2.69%
DRH	D	2.13%
VAC	C	1.88%

BYRE Underweight 18 Positions Relative to NETL

Symbol	Grade	Weight
O	A	-8.17%
NNN	B	-8.02%
WPC	B	-7.95%
STAG	D	-7.42%
EPRT	A	-4.37%
GOOD	A	-4.26%
ADC	A	-4.21%
GTY	B	-4.12%
OLP	A	-4.06%
NTST	D	-4.05%
IIPR	A	-3.99%
EPR	C	-3.97%
LXP	D	-3.91%
BNL	B	-3.84%
GNL	D	-3.83%
FCPT	B	-3.39%
PSTL	C	-3.35%
PINE	C	-1.78%