NETL vs. FPRO ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to Fidelity Real Estate Investment ETF (FPRO)
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

$23.47

Average Daily Volume

14,140

Number of Holdings *

20

* 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

$19.99

Average Daily Volume

1,943

Number of Holdings *

39

* may have additional holdings in another (foreign) market
Performance
Period NETL FPRO
30 Days 1.21% -3.40%
60 Days 2.29% -7.21%
90 Days 1.61% -4.20%
12 Months -0.82% -3.26%
5 Overlapping Holdings
Symbol Grade Weight in NETL Weight in FPRO Overlap
FCPT B 3.38% 0.74% 0.74%
GLPI F 3.29% 0.5% 0.5%
NNN A 7.92% 3.39% 3.39%
O B 8.19% 1.06% 1.06%
STAG D 7.42% 0.64% 0.64%
NETL Overweight 15 Positions Relative to FPRO
Symbol Grade Weight
WPC C 7.68%
VICI D 7.65%
EPRT A 4.37%
GOOD B 4.34%
IIPR B 4.27%
ADC B 4.14%
OLP A 4.11%
GTY B 4.1%
NTST C 4.0%
EPR C 3.96%
BNL B 3.88%
LXP D 3.86%
GNL D 3.8%
PSTL C 3.34%
PINE D 1.76%
NETL Underweight 34 Positions Relative to FPRO
Symbol Grade Weight
PLD D -11.77%
EQIX F -7.07%
VTR B -5.75%
SBAC F -5.27%
PSA D -5.07%
CCI D -4.99%
CBRE D -3.55%
KIM C -3.5%
CUBE D -3.44%
DLR C -3.41%
SUI F -3.2%
UDR B -2.98%
MAA B -2.92%
WELL A -2.58%
EQR A -2.45%
IRM D -2.19%
AMH C -1.99%
AIRC A -1.7%
REG F -1.69%
AMT D -1.58%
DRH D -1.45%
INVH B -1.39%
EXR C -1.39%
LAMR B -1.34%
COLD F -1.33%
WY D -1.33%
PECO F -1.22%
UE B -1.2%
SITC C -1.07%
TRNO F -0.8%
RHP D -0.71%
DBRG F -0.67%
ELS D -0.51%
SKT D -0.46%
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