NETL vs. FRI ETF Comparison

Comparison of NETLease Corporate Real Estate ETF (NETL) to First Trust S&P REIT Index Fund (FRI)

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

$22.66

Average Daily Volume

14,255

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

$24.19

Average Daily Volume

24,905

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	NETL	FRI
30 Days	-1.48%	-4.73%
60 Days	-0.20%	-5.02%
90 Days	-5.20%	-5.02%
12 Months	-2.47%	3.03%

20 Overlapping Holdings

Symbol	Grade	Weight in NETL	Weight in FRI	Overlap
ADC	C	4.09%	0.56%	0.56%
BNL	D	3.94%	0.27%	0.27%
EPR	D	3.96%	0.3%	0.3%
EPRT	A	4.24%	0.39%	0.39%
FCPT	D	3.37%	0.21%	0.21%
GLPI	F	3.32%	1.14%	1.14%
GNL	F	3.73%	0.13%	0.13%
GOOD	A	4.29%	0.05%	0.05%
GTY	B	4.05%	0.13%	0.13%
IIPR	A	3.95%	0.27%	0.27%
LXP	D	4.17%	0.26%	0.26%
NNN	B	7.92%	0.74%	0.74%
NTST	B	3.98%	0.12%	0.12%
O	A	7.98%	4.28%	4.28%
OLP	A	3.92%	0.03%	0.03%
PINE	D	1.81%	0.02%	0.02%
PSTL	B	3.41%	0.03%	0.03%
STAG	D	7.85%	0.67%	0.67%
VICI	D	7.42%	2.87%	2.87%
WPC	C	7.75%	1.2%	1.2%

NETL Overweight 0 Positions Relative to FRI

	Symbol	Grade	Weight

NETL Underweight 106 Positions Relative to FRI

Symbol	Grade	Weight
PLD	D	-10.94%
EQIX	D	-7.15%
WELL	B	-4.65%
SPG	C	-4.6%
PSA	D	-4.29%
DLR	C	-4.27%
EXR	D	-2.98%
AVB	A	-2.6%
IRM	B	-2.2%
EQR	A	-2.13%
INVH	C	-1.96%
ARE	C	-1.92%
VTR	C	-1.71%
ESS	A	-1.54%
MAA	D	-1.52%
SUI	D	-1.5%
HST	C	-1.41%
DOC	A	-1.3%
KIM	D	-1.18%
ELS	D	-1.13%
AMH	B	-1.13%
UDR	A	-1.11%
CPT	A	-1.05%
REXR	D	-0.99%
CUBE	C	-0.98%
REG	D	-0.94%
BXP	C	-0.88%
EGP	D	-0.81%
OHI	D	-0.74%
FRT	B	-0.72%
FR	D	-0.67%
RHP	D	-0.66%
BRX	B	-0.64%
COLD	F	-0.64%
TRNO	D	-0.56%
AIRC	A	-0.55%
VNO	B	-0.45%
KRG	B	-0.44%
PECO	D	-0.4%
KRC	D	-0.36%
IRT	A	-0.36%
PK	B	-0.36%
SLG	A	-0.34%
CUZ	B	-0.34%
MAC	C	-0.34%
APLE	D	-0.33%
SBRA	C	-0.31%
CTRE	A	-0.3%
NSA	D	-0.29%
SKT	B	-0.29%
HIW	A	-0.26%
SITC	B	-0.25%
NHI	A	-0.25%
MPW	B	-0.24%
DEI	B	-0.22%
SHO	C	-0.22%
DRH	C	-0.2%
EQC	F	-0.2%
PEB	B	-0.19%
UE	C	-0.19%
RLJ	C	-0.18%
AKR	A	-0.17%
XHR	B	-0.16%
IVT	B	-0.16%
ROIC	D	-0.15%
LTC	A	-0.13%
JBGS	D	-0.13%
UNIT	D	-0.13%
ALEX	D	-0.12%
ESRT	B	-0.12%
SVC	F	-0.11%
DEA	C	-0.11%
AIV	A	-0.11%
UMH	A	-0.1%
AAT	B	-0.1%
CSR	A	-0.09%
BDN	A	-0.08%
PGRE	B	-0.08%
PLYM	D	-0.08%
HPP	F	-0.08%
PDM	A	-0.08%
AHH	C	-0.07%
INN	C	-0.07%
NXRT	B	-0.07%
DHC	F	-0.06%
CHCT	D	-0.06%
ALX	C	-0.05%
BFS	D	-0.05%
CLDT	D	-0.05%
GMRE	F	-0.05%
PKST	F	-0.05%
WSR	C	-0.05%
CBL	C	-0.05%
UHT	F	-0.04%
LAND	F	-0.04%
FPI	D	-0.04%
CTO	A	-0.03%
CIO	B	-0.02%
FSP	F	-0.02%
BRT	A	-0.02%
NXDT	B	-0.02%
ILPT	D	-0.02%
CLPR	D	-0.01%
OPI	F	-0.01%
BHR	A	-0.01%
AHT	F	-0.0%